another spectacular stimulus failure

[Mav88]

Over and over again, the liberals will never learn, the track record is terrible when government runs or leads business

Here's a nice one, A123 Battery, took in $133M and failed. The best part though is that the Chinese want to buy it.
http://www.mnn.com/green-tech/transportation/blogs/should-a123s-battery-technology-be-sold-to-china

A123 was considered likely to go to long-established American battery leader Johnson Controls, a sale that wouldn’t have been controversial. But China’s Wanxiang Group, a major parts supplier, was the high bidder for A123’s auto and commercial business (the military work was spun off separately). Uh oh. What do we do now?

listen to how confident democrats were, the problem here is that they are too stupid to know how stupid they really are

<iframe width="560" height="315" src="http://www.youtube.com/embed/iIoQcgtsHCI" frameborder="0" allowfullscreen></iframe>

 

[Lucrum]

The new way to get rich quick?

Start a "green" company. Get the incompetent ignorant Obama administration to fork over a few hundred million in tax payers money under the guise of "stimulus".

Then go BK, take the money and run.

 

[pspr]

Quote from Lucrum:

The new way to get rich quick?

Start a "green" company. Get the incompetent ignorant Obama administration to fork over a few hundred million in tax payers money under the guise of "stimulus".

Then go BK, take the money and run.

Then sell it to the Chinese for peanuts.

 

[denner]

Quote from Lucrum:

The new way to get rich quick?

Start a "green" company. Get the incompetent ignorant Obama administration to fork over a few hundred million in tax payers money under the guise of "stimulus".

Then go BK, take the money and run.

Yes, that's what all those political "donations" are for.

 

[Mav88]

Is it not irritating when politicians speak so forcfully when they are so full of shit?

I like Granholm stressing 63,000 jobs, Obama being proud- as if an AA guy who hasn't worked a day in his life could actually understand what creating is like

It's all such a lie

 

[tomdavis]

Obama Campaign Backers and Bundlers Rewarded With Green Grants and Loans

Where did green-energy money go? Straight to campaign donors.


http://www.thedailybeast.com/newswe...ative-energy-programs-became-green-graft.html

In March 2011, for example, the GAO examined the first 18 loans that were approved and found that none were properly documented. It also noted that officials “did not always record the results of analysis” of these applications. A loan program for electric cars, for example, “lacks performance measures.” No notes were kept during the review process, so it is difficult to determine how loan decisions were made. The GAO further declared that the Department of Energy “had treated applicants inconsistently in the application review process, favoring some applicants and disadvantaging others.” The Department of Energy’s inspector general, Gregory Friedman, who was not a political appointee, chastised the alternative-energy loan and grant programs for their absence of “sufficient transparency and accountability.” He has testified that contracts have been steered to “friends and family.”

 

[Lucrum]

Quote from tomdavis:

Obama Campaign Backers and Bundlers Rewarded With Green Grants and Loans

Where did green-energy money go? Straight to campaign donors.


http://www.thedailybeast.com/newswe...ative-energy-programs-became-green-graft.html

In March 2011, for example, the GAO examined the first 18 loans that were approved and found that none were properly documented. It also noted that officials “did not always record the results of analysis” of these applications. A loan program for electric cars, for example, “lacks performance measures.” No notes were kept during the review process, so it is difficult to determine how loan decisions were made. The GAO further declared that the Department of Energy “had treated applicants inconsistently in the application review process, favoring some applicants and disadvantaging others.” The Department of Energy’s inspector general, Gregory Friedman, who was not a political appointee, chastised the alternative-energy loan and grant programs for their absence of “sufficient transparency and accountability.” He has testified that contracts have been steered to “friends and family.”

A story that no doubt will be reported on MSNBC any day now.

 

[pspr]

It seems the Treasury cut A123 a stimulus check just days before they declared bankruptcy. How stupid is that?

 

[Lucrum]

Quote from pspr:

It seems the Treasury cut A123 a stimulus check just days before they declared bankruptcy. How stupid is that?

Not much different than the Solyndra fiasco. But then what do you expect when you have the equivalent of Forest Gump in the WH.