Another Obama Pet Green Energy Company Goes Bankrupt After Receiving $535 Million DOE Loan

Obama Pet Green Energy Company A123 Goes Bankrupt After Receiving $535 Million DOE Loan

Obama Pet Green Energy Company A123 Goes Bankrupt After Receiving $535 Million DOE Loan

Mitt Romney was rightObama really does only pick the losers!

In yet ANOTHER green energy failure that cost the American People millions of dollars, Obama’s Department of Energy gave A123 Systems Inc, whose name is more like that of a fake company, a $535 million government-backed loan, shortly before the shill company filed for bankruptcy.

Shocker! We know… (not really)

Obama touted the business, that made rechargeable lithium-ion batteries for electric cars, as a “central” part of the car industry, but the $535 million only paid off Obama’s friends and supporters.

“This is about the birth of an entire new industry in America – an industry that’s going to be central to the next generation of cars” – Obama

Continue Reading "[page_title]"

New Obama Green Energy Pet Goes Bankrupt – American Taxpayer Loses $118 Million

Ener1, an Obama-backed hybrid car battery company files for bankruptcy

Ener1, an Obama-backed hybrid car battery company files for bankruptcy

Yet, another Green Energy pet of the Obama administration, Ener1, who received $118 Million in government funding, is now filing for bankruptcy! SHOCKING!!!

Take this latest waste of our money by the Obama administration, and add it to the other Obama-backed companies who took millions of dollars of our money, only to turn right around and file for bankruptcy, and I bet that the total is nearing a trillion dollars of lost money.

You can easily see that the Obama administration either has their hands dirty, in the pot of our money, or they just have no clue how to run an economy. We think it’s probably some of both! Obama definitely has no clue how to run an economy, and Obama is also very …

Continue Reading "[page_title]"