Tag Archives: A123 Systems

Another “green” bankruptcy

“A123 Systems Inc. (AONE), the electric car battery maker that received a $249.1 million federal grant, filed for bankruptcy.”  Obama’s spent billions of taxpayer dollars on “green” companies that he believes will support him politically– and the result has been the Solyndra scandal and bankruptcy after bankruptcy.

Romney put it best during the first presidential debate: “don’t forget, you put $90 billion – like 50 years worth of breaks – into solar and wind, to Solyndra and Fisker and Tesla and Ener1. I mean, I had a friend who said, you don’t just pick the winners and losers; you pick the losers.”

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High unemployment– and it stays there

Unemployment hits 9.5% after Obama promised that it wouldn’t rise above 8% if Congress passed his stimulus bill.

… According to Obama’s own economists, Obama’s stimulus bill– which was a dismal failure– cost American taxpayers $278,000 per job.

Update: Among numerous other failures, it’s been revealed that a $249 million grant to A123 Systems only created 400 jobs.