WorldNetDaily states in an unbylined May 11 article that regurgitates claims from the right-wing Judicial Watch:
Another company once considered a brilliant clean-energy venture – and supported by taxpayer money under Barack Obama’s strategy to attack coal and oil energy – has hit the big-time, being listed among the “Corruption Chronicles” at Judicial Watch.
Oh, it’s also going out a business, after taking some $50 million in taxpayer money.
“Another one of President Obama’s brilliant clean-energy ventures has collapsed after taking tens of millions of dollars from American taxpayers, in this case to develop a special wheelchair-accessible ‘green’ van,” the Judicial Watch report said.
The news comes just weeks after a separate company that got nearly $200 million from the government to develop hybrid vehicles folded, said Judicial Watch. “That fly-by-night company, Fisker Automotive, had been heavily touted by the administration as an innovator that would develop two lines of plug-in hybrid electric vehicles that could run up to 300 miles on a rechargeable Lithium-ion battery. Before doling out the cash, Obama’s Energy Secretary assured the cars ‘will save hundreds of millions of gallons of gasoline and offset millions of tons of greenhouse gas emissions by 2016.’”
WND omits some crucial facts: The program that lent VPG and Fisker that money was created under the Bush administration and signed into law by President Bush, Fisker applied for that loan money while Bush was still in office, and the losses by Fisker and VPG are a tiny fraction of the money set aside by Congress to cover losses from the loan program.
But this is WND, where bashing Obama is always more important than telling the truth.