Where Is The Wisdom In Selling Off Taxpayer Funded Companies Such As Fisker To The Chinese?

The technology of Fisker Automotive Inc., the U.S. plug-in hybrid carmaker that owes American taxpayers about $200 million, shouldn’t be sold to Chinese companies, U.S. Senator Charles Grassley said.

Grassley, an Iowa Republican, and Senator John Thune, a South Dakota Republican, compared the maker of the $103,000 Karma to its battery supplier, A123 Systems Inc., which received $129 million in grants from the U.S. Department of Energy before filing for bankruptcy and agreeing to be sold to a Chinese company.