Sarah Palin, the political pundit who gave up on governing the state of Alaska, this week issued yet another political rant through her Facebook page. In it, she excoriated President Obama for attempting to "pick 'winners and losers' in the free market." She pointed out that Fisker Automotive, an electric car company that has "received nearly $200 million in taxpayer money" is now laying off around 80% of its U.S. workforce. From the Facebook post:
This is really just the latest manifestation of the administration’s crony capitalism as their green energy buddies benefit from this atrocious waste of taxpayer money. Americans really need to get outraged by these wasteful ventures. As we’ve seen time and time again, We the People are always stuck subsidizing the left’s “losers.”
Palin's criticisms echo other conservative commentators, who have been criticizing the U.S. Department of Energy's clean energy loan program in recent weeks. She went on to make fun of a popular recent target, electric car company Tesla Motors. She stated that Tesla's "Obama-subsidized" vehicles brick when the battery completely discharges, costing $40,000 to repair.
Tesla Motors announced earlier this month that it expects to finally turn a profit in the first quarter of 2013. Tesla co-founder and CEO, Elon Musk, took to Twitter to sarcastically state that he was hurt by Palin's words, and to point out that the Tesla Model S warranty covers battery bricking:
Sarah Palin calls Tesla a loser. Am deeply wounded. http://t.co/eOGT80Ut4L Btw, Model S warranty does cover "bricking".
Musk is, of course, the type of entrepreneur that many conservatives idolize. In addition to co-founding Tesla and PayPal, Musk is on the forefront of privatizing the space industry as the founder of SpaceX. Taking advantage of a government incentive, whether it's a tax break or (as is the case with Tesla) a loan, is simply a part of business.