Coyote Blog » Blog Archive » The $529 Million Family Car

Ray Lane of Kleiner Perkins has helped score hundreds of millions of dollars of taxpayer money from the Obama administration to help subsidize Kleiner investments. More corporate welfare for billionaires.

It is a nice touch, therefore, that the first tangible result of these sizable public subsidies will be… a new family car for Ray Lane (the car is from Fisker Automotive, a Kleiner investment and recipient of $529 million in taxpayer subsidies. It appears to be a cool car, but an iPhone is a cool piece of tech too but you don’t see me advocating taxpayer money for Apple.

THE HOCKEY SCHTICK: Scientific American: Biofuels are a false promise

A feature article titled The False Promise of Biofuels in the August 2011 edition of Scientific American admits, "the breakthroughs needed to replace oil with plant-based fuels are proving difficult to achieve."

THE HOCKEY SCHTICK: Consensus agrees: Planting trees helps and does not help cure global warming