MOVE OVER SOLYNDRA, BEACON: ANOTHER ONE BITES THE DUST

Posted on January 27, 2012

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Obama’s stimulus gift green program reveals it’s true intentions, the taxpayer handout that never asked anything in return. The people’s gift to the Obama campaign. The gift that gave even after we said no. AP today: “The parent company of an electric car battery maker that received a $118 million grant from the Obama administration filed for Chapter 11 bankruptcy protection on Thursday.”

AP: “New York-based Ener1 said it has been affected by competition from China and other countries.
Ener1 subsidiary EnerDel received a $118 million stimulus grant from the Energy Department in 2009, and Vice President Joe Biden visited the company’s new battery plant in Indiana last year
.”

We still have the Volt.

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