Get Adobe Flash Player to see this content.

About This Video

Green Machine

Title:

Green Machine

Published: Mon, 28 Sep 2009

Description: Gore-backed automaker secures $529 million taxpayer loan

-

Automatically Generated Transcript (may not be 100% accurate)

" alone of sorts and -- questions about the power of high level access. Isn't this the US government making a 529. Million dollar loan. To a small car company that happens to be backed by former vice president Al Gore here's the credit they're looking to -- get -- it is called the karma. Okay -- karma at the hybrid it's built by this third. I don't know that you -- never heard of this -- automotive. But critics are asking why would this US taxpayer funding be going to a car. Karma that's built in Finland -- that's -- good question. The price tag for this green mobile about 89000. Dollars and who where they -- this car for. Dave Williams -- Citizens Against Government Waste joins us now did in that did this really -- and I when I saw this story because it. Al Gore is connected to this company right. And when you today as she learned that the Department of Energy spent a lot of time with this -- they have lots of dollars to hand out the Department of Energy these programs spent a lot of time and they did test drives with this -- they spent all of this energy. Being there why did this company get this huge amount of -- in the -- government."

" Well it shows yet there's no such thing as a retired politician. Once you're a politician you still have sway with agencies. With other politicians and it says Al Gore still have a lot of clout unfortunately. And Department of Energy to secure -- 500. Million dollar loan."

" You know the other car there are lots of other car companies to apply for this money didn't get it and they are being a bit magnanimous and that they're saying. No we're not suggesting that there's any connection and it's highly possible that maybe Fister has the best model -- that the case."

" Well now I'm sure that's what they're PR people are telling and the second because. I'm sure they're behind closed doors -- pounding that that's going how -- we didn't get this and everyone looks around us as well. We don't have any influence -- as we don't have the former vice president. Batting for herself I think that yet they're they're being very magnanimous but I don't think -- here I think behind closed doors they're a lot more worried about this and this program that started. Under President Bush said this is you know the true hands of bipartisanship coming through here. It that you have a Republican president who signed this and now you have former vice president with a Democrat that's taken advantage of it is -- a beautiful world a bipartisan partisanship."

" It you know we we look at what -- 'cause -- 89000 dollars that's the one that. That -- this there is making there's another company Tesla Motors and they got 465. Million dollars in the same program. They're building a car that costs a 109000. Dollars -- Ali that all of this US taxpayer money. -- to encourage the building a fuel efficient cars but it's going to Finland's. To build cars that cost 89000 dollars and a 109000 dollars -- how is -- gonna you know make any impact. --"

" It really is that we talk about a 90000 dollar car and 110000 dollar car. This isn't gonna help average Americans this isn't gonna help the working class get these cars what it does is providing is creating. A new market for high end hybrid and electric vehicles."

" And the last -- the government should be doing is putting money into this if the private sector. Think that there's money -- can be made with this. They should be funding it not taxpayers imagine asking -- taxpayer who makes 30000 dollars a year saying hey listen we want."

" Yes some of your money so we can have a car to -- the rich people that doesn't fly any."

" Any -- test and a less important point of all this and making just let the car market decide where this money should go out. And if these huge and there's a lot of big venture capital firms involved in these businesses. If they believed so strongly that if these are huge good investments that are making a ton of money they're gonna get his company isn't the money that they need right. Ice is."

" Act -- the private sector looked at this and said there is no market for left so eat that that is scary and they had a lot of check that out that that's the case. And this is really of the government of last resort -- We couldn't get -- anywhere else summer coming -- we know that you have no internal controls and we just get some popular vice president. -- on our behalf sure we'll get a few hundred million dollars and we'll look taxpayer ever get paid back for this. It is very hard with unlikely that the taxpayer we'll get paid back this one."

" I need pilots and I just -- plant that district says that that the Department of Energy loan is gonna be used to finance -- production of 40000 dollar family sedan. But that's -- has has yet to be designed so we'll keep a -- plan and thank you very much state. -- Thank you that's karma right. Up another KRC it's an okay okay okay of the economy are you okay -- Chrysler are -- and --"

More Videos From FOX News

American Crisis

American Crisis

O'Reilly and Rove go head to head over oil

Video|Wed, 16 Jul 2008|More from Latest Video
|President Bushfound at0:06, 2:18, 3:57

the viewing this Joyce Washington Fox News analyst Karl Rove I remain. I remain disappointed by President Bush's lack of urgency. On this issue. President Clinton and green guy Al Gore should have been pound and a drum furry -- conserve conserve Serb President Bush and Dick Cheney . Should be doing the same in their two terms and they -- will do. Well I I disagree respectfully. This president and
but look all I'm saying is the leader of the country as President Bush and you just heard him say it's presumptuous of me to tell a consumer what to do. I see I got that
is let us down but they -- And the fair man -- President Bush I think you know that I think you know all for his entire term I have been fair to the president would
'Huge Storm'

'Huge Storm'

President Bush comments on relief efforts and damage caused by Hurricane Ike

Video|Sat, 13 Sep 2008|More from Latest Video
|gasoline pricesfound at2:05

from abroad to make it into our markets. In the meantime. The Department of Energy . Federal Trade Commission and I know the state authorities will be monitoring. -- gasoline prices to make sure consumers are not being gouged. -- consumers are being. I treated fairly. There's just massive storm moves in the
The Inside Story

The Inside Story

From Hillary to Rev. Wright to Palin, campaign manager David Plouffe recalls Obama's road to the White House

Video|Tue, 10 Nov 2009|More from Politics
|senator obama'sfound at6:03, 26:49

You might remember that the Clinton New Hampshire chair certain things about. Senator Obama's admitted past drug use -- as a teenager and you know they released him but they had a discussion about the tone
powerful. You know response to a lot of the arguments made against senator Obama's candidacy a powerful affirmation. Of course the -- so powerful as he wrote himself.