another spectacular stimulus failure

Discussion in 'Politics & Religion' started by Mav88, Dec 10, 2012.

  1. Mav88

    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


    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>
     
  2. Lucrum

    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.
     
  3. pspr

    pspr

    Then sell it to the Chinese for peanuts.
     
  4. Yes, that's what all those political "donations" are for.
     
  5. Mav88

    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
     
  6. 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.”
     
  7. Lucrum

    Lucrum

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

    pspr

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

    Lucrum

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