ANOTHER OBAMA GREEN ENERGY COMPANY GOES BANKRUPT.... TAXPAYERS LOSE $249 MILLION GRANT!
The very LAST thing the President needed going into tonight's debate, was the news that ANOTHER one of his PREMIERE Green Energy Companies is going "belly up!" But that is the case!
The U.S. Department of Energy allotted about $90 billion for various clean-energy programs through the administration's stimulus package. Of that, at least $813 million went to energy companies that eventually filed for bankruptcy, including A123, Solyndra, Beacon, Abound Solar and EnerDel.
The President and Vice President BOTH made statements in regards to A123, that promised to create 38,000 U.S. jobs, including 5,900 at its own plants, in return for the government funding under the 2009 American Recovery and Reinvestment Act's Electric Drive Vehicle Battery and Component Manufacturing Initiative.
Johnson Controls, which supplies lithium-ion batteries to a number of vehicle manufacturers, also received a $299 million grant under the same program.
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