The Wall Street Journal reports that "A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000."
OK, so let me get this straight - we gave Al Gore half a billion dollars to build cars that nobody probably wants and he's not even going to be building them here in the US? Could it be that even Al Gore realizes that it is more cost-effective for corporations to conduct business abroad than it is to do it in the US? According to the Tax Foundation, the 2006 corporate tax rate in Finland was 26% compared to 39.3% here in the US.
I wonder if the mainstream media will be critical of Al Gore for sending jobs abroad...I won't hold my breath.
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