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[Editor’s note: Make sure to read Daniel Greenfield’s masterpiece contributions in Jamie Glazov’s new book: Barack Obama’s True Legacy: How He Transformed America.]
When Hunter Biden was driving 172 miles an hour while smoking crack on the way to meet prostitutes in Las Vegas, the son of a future president was driving a Porsche 911.
Devon Archer, Hunter’s closest partner, told the House Oversight Committee that the car had been paid for by an oligarch from Kazakhstan. “I believe it was a Fisker first and then a Porsche.”
Kenes Rakishev, the banker for Kazakhstan’s dictator and a close associate of Ramzan Kadyrov, Putin’s ruthless Chechen warlord, had allegedly bought Hunter the sports car after a meeting with Joe and Hunter at Cafe Milano: an exclusive D.C. eatery that the Washington Post had described as “Washington’s ultimate place to see and be seen.”
The Fisker Karma was more than just another sports car. The electric luxury vehicle was a social statement that had been backed by a $529 million loan to the Europeans behind it.
Vice President Joe Biden, told local politicians, union members, and Fisker executives in Wilmington, Delaware in 2009 that Fisker would be bringing green jobs for everyone..
Joe Biden cited “a real commitment by this Administration” and “loans from the Department of Energy” that would help “America’s auto industry reclaim its top position in the global market. Of the total loan, $359 million is going to revive manufacturing at the Boxwood Plant.”
The then vice president made no mention of Hunter’s business interests, Fisker’s backing by Al Gore’s venture capital fund or that the $170 million remainder of the loan would be going to build Fisker’s ‘Karma’ cars in Finland.
“We’re not in the business of failing; we’re in the business of winning. So we make the right decision for the business,” Fisker said. “That’s why we went to Finland.”
Hunter Biden was not in the business of failing either: it just seemed to happen anyway. Armed with his father’s backing and that of local Delaware officials, he was working to transform the state’s rust belt infrastructure, like the old GM plant that Fisker was promising to take over, into green energy ventures that would cash in on the massive redistribution of taxpayer money through the $90 billion allocated for green energy companies in Obama’s ‘Recovery Act’.
Emails went back and forth between Hunter Biden, Delaware’s governor and the head of the state’s office of economic development who described a green energy project touted by Hunter as coming from the “vice president’s office”. The line between Joe Biden and his son’s business ventures, which is at the heart of the House Oversight Committee, seemed barely there.
After Fisker’s loan had been secured, Wayne Kimmel, Hunter’s childhood friend and a venture capitalist, who along with Hunter had cosponsored an inaugural breakfast to celebrate his dad’s new job, emailed Hunter to ask for an introduction to Chris Heinz, John Kerry’s stepson and a co-founder of Hunter’s Rosemont Seneca firm, to discuss Fisker.
“Its our fund that’s in the deal,” Hunter replied.
And what made the deal work was $529 million in taxpayer money. The Delaware launch, attended by Joe Biden, was ultimately going to benefit Hunter Biden’s company.
“Hunter… sincere thanks for any and all help provided concerning Fisker, particularly intro to Wayne. Also, congrats to all on the finalization of the Boxwood Plant transfer, announced on Monday,” Barry Yerger, a financial mover and shaker recently appointed by Joe Biden to the Committee for the Preservation of the White House, wrote.
While the Fisker disaster unfolded, there was no mention of the Biden role in the company.
Fisker was supposed to build “affordable” electric cars in Delaware that would cost $40,000. Instead it built the ‘Karmas’ in Finland. They cost six figures, were too heavy, the hybrid’s gas mileage was no better than some regular cars and the tires wore out in a year.
But Hunter wanted one anyway, perhaps to drive or to show off to prospective investors.
By 2012, the target date, $193 million of the loan had been spent on the ‘Karma’ and other projects, and nothing was happening in Delaware. In 2013, the only option, the local media warned was “Chinese billionaires” preparing for Fisker’s bankruptcy auction. One of those Chinese billionaires would win the auction despite his company, which promised to make the electric cars, being created a few months beforehand with no office address or phone number, after rigging the auction and “cheating taxpayers out of millions of dollars”.
A few months after a Kazakh oligarch allegedly bought Hunter a Fisker Karma, it was already breaking down. Meanwhile Joe Biden was meeting with a different set of foreign executives.
Joe Biden invited two executives from Wanxiang, a Chinese automotive company that would gobble up Fisker, to the White House. A few days later one of the executives promised to help get Hunter’s Fisker Karma fixed.
“Last Friday when we visited D.C., I heard that your Fisker is out of order and could not get serviced. Sorry,” the Chinese executive wrote. “It would be our honor to get your Fisker fixed… I would like to give you a call to see what we could do as next step.”
The Chinese executive mentioned, “It would be our great honor to welcome you to visit Fisker or Wanxiang at any time.”
Did the Chinese executive hear about Fisker and the state of Hunter’s car from him or his dad? The executive’s phrasing suggests that he had heard about it from someone other than Hunter.
The head of Delaware’s economic development office claimed that Hunter Biden had offered to “to link the governor with Chinese investors interested in acquiring the auto plant.” But nothing happened. Wanxiang never built any cars there, but instead sold it off to a private developer.
No cars would be built on the auto plant. Instead taxpayers were left not only with over $100 million in losses, but local taxpayers were also on the hook for its $400,000 power bill.
The green energy disaster was not the only one that came from Obama’s corrupt Recovery Act.
Sun Edison, a solar panel company, became the biggest green energy bankruptcy, benefiting from as much as $1.5 billion in government grants and subsidies. In an email, Devon Archer mentioned to Hunter that he was planning to meet with Sun Edison “in the next few weeks and qualify if there’s opportunity”. The Biden administration appointed Jigar Shah, Sun Edison’s founder, to head the loan office at the Department of Energy distributing green energy grants.
There is no shortage of opportunities and expenses. The story of Fisker suggests that Joe Biden’s abuse of his office to help Hunter’s economic interests may go as far back as 2009. Not long after Joe became vice president, Hunter was benefiting from the connection.
Americans lost over $100 million on Fisker, but thanks to the services of a Kazakh oligarch and some Chinese automotive executives, Hunter Biden got a $142,000 lemon.
Until he traded it in for a Porsche.
Nice article Daniel, thanks!
I’ve seen pictures from that drive he took 🙂
C’mon man, you can’t expect the go’ment to get things right every time, we gotta innovate, we gotta try and we gotta learn.
Those lectric things ain’t losing much money nowadays so you gotta stop asking too many questions man.
The scientists are struggling to create enough distracting hurricanes, you don’t want one to hit your neighborhood do you?
“ They cost six figures, were too heavy, the hybrid’s gas mileage was no better than some regular cars and the tires wore out in a year.”
And the batteries won’t last longer than 6 to ten years.
And the cost to replace those batteries is jaw-dropping.
A friend of mine’s daughter drives a Leaf. Two years, & it’s battery is already diminished 20%. (Of course, she refuses to even look at “Cobalt Red” – a book detailing the abusive conditions in mining the minerals needed for these green cars.
Hunter brokered the deal that brought the Chinese in to ultimately buy the Congo slave mines of cobalt.
That’s 6 to 10 years for good EVs.
The Fisker Karma was a disaster on that front too
https://www.autoblog.com/2011/12/28/fisker-a123-figure-out-fix-for-karma-battery-problems/
We bought a new a Toyoya non-plugin hybrid 2 years ago.. On level road it would go 2 miles on the battery and during the three months it took us to get rid of it, the average fuel consumption was 39 miles/gallon. Nothinmg to boast about. The drive-line is extremely complicated and to keep the guaranty it needed servicing every 10.000 miles. When we finally got rid of it at a noticable loss after 7500 miles we went back to diesel and our mileage went back to 47 miles per gallon, and service every 20.000 miles Electric cars are environment friendly? They aren’t even cheap to run and maintain..
I own a Dodge Mitsubishi little pickup truck, five speed and turbodiesel. It was built 1986, still runs like a Swiss watch, and returns 37 mpg on diesel, often diluted down with stove oil, used fuiltered motor oil/ATF, and whatever else I think I can get off feeding it.
I used to have a whole series of late 1960’s and up to 1971 Volvo sedans and wagons. TMost hade well above 100K. Tune them propertly )few can do this, jot even the dealers, its just a matter of being careful and precise) they all would cruise at 85 mph and return 42 miles per gallon f the cheapst gasoline I could find. I also had a 1964 Mercedes 220SE, heavy luxury car four door saloon car. manual gearbox, naturally aspirated six cylinder gas engine running a Bosch six piston mechanical fuel i jection syste,. This one, too, would rocket along at 85 mph and return above 40 miles to the gallon and felt like the luxury car it was.
I cannot fathom why, with all the “advances” and new technology availble these days, normal cars from fifty plus years ago produced amongst the best fuel economy and performance of anything I’ve ever seen. The Mercedes was “heavy” at about 2800 ponds kerb weight, the Mitsdubishi pickup and all the Volvos tipped the scales at around 2200. Both the European saloon lines had crash protection eaqual to or far exceeding anything in the market today, it being designed into the structure of the shell of the car’s body. Some might remember the full page adverts that graced the backs f National Georgraphic magazine of the VOlvo 140 series care, stacked eleven high, and all the doors open and close easily, the cars supporting ten times their own weight.
But back then, no gummit poohbahs were breating down the throasts of any car maniufacturers to “meet standards”. They just build solid safe reliable cars (I’ve known Volvos and Mercedes to roll well above 500k miles with no work to the engines or gearboxes) that were VERY cheap to own and operate.
I say get gummit OUT of regulating and overseeing all that, and see what happens again.
Taxpayers already paid for the Covid fiasco. Cows only exist to be cows. That’s the purpose of cows except to give rise to the occasional Trump. I remember people remarking Trump will sort this out. Ha Ha.
Every time a conservative tries to make reforms the Dems and RINOs do their best to prevent and block any reforms. Then they gloat over how bad the Republicans are, because they cannot reform the corruption the critics benefit from.
How much did you drink before breakfast today, Una? It’s beginning to show.
Cows that have a cow party and do the same cow things endlessly. When they encounter circumstances they don’t like they complain mindlessly.
oh look, the narcoleptic wanker from across the pond must be awake so get ready for about 7 or 8 incoherent brain farts before she falls asleep again face first into a bowl of fish pie.
What compels you to post such leftist psycho-babble?
More information results in more revulsion.
I want there to be sufficient revulsion highlighting the corrupt reality to tilt our Senate.
I prefer a negotiated resignation of the whole, corrupt gaggle, including Kamala H. If their [ the Biden & the Democrats ] jeopardy is obvious enough, let them relinquish the money and the offices they hold with appropriate allocutions in exchange for keeping the culprits from prison.
Or they can face trial, prison for the family and the prospect of the gallows for Mister Big [ aka the Big Guy ].
Cutting our losses and getting our country back matter more than vengeance.
All this coming out – some “knowledge” from YEARS AGO – and yet most people have no clue! The next R Administration should REQUIRE the FCC to engage in HONEST ASSESSMENT of what the public sees and hears! When a “news” organization is PROVEN to be LYING in order to influence it’s ignorant viewers there should be PENALTIES! cnn,msnbc, npr, all the alphabet channels, and the others should be required to have a BANNER on the screen in PROMINENT letters “The views expressed are mostly untrue propaganda – we’ve been PROVEN to LIE”!
Maybe soon people will be AWOKEN to the TRUTHS about how OUR NATION has been STOLEN by the likes of the segment of excrement oblama, the bidens, the clintons, and the deep state!!
ELECTRIC OUTAGES IN CA! How will they charge their EV’s? Will they learn a lesson that EV’s aren’t the answer? Will they blame Trump for Hilary like they blamed Bush for Katrina?
Gas pumps need electricity to work.
That’s why generator (gas/diesel) back-up is essential
You have the same problem. No electricity. No pumps. No fuel for generators. I don’t get your point.
get a propane generator, connect it to the 2000 gallin propane tank in your yard. Endless electricity.. probably two years running.
What a can of worms. It appears the Biden’s mastered the art of grift long before anyone even heard of Hunter. But the Chinese, Russians and Ukrainians were quite familiar with him. Did Obama know about the Biden family business when he elevated him to VP? The illegally appointed “special prosecutor” that crafted a deal to let Hunter off the hook is now going to “continue” his investigation to bury the truth even deeper because any real investigation would topple this administration. None of this will make it to the MSM and that is a high crime in itself. This stinks to high Heaven and they’ll all walk. And where is the “loyal opposition”? They’re probably just glad no one is investigating them.
Too much brew, Is bad for you