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

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

We just didn’t know that the “entire new industry in America” is the industry of gifting off the waste and corruption of the Obama administration.

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

A123 Systems Inc. (AONE), a maker