Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:06 PM

GasBuddy News Article

51
votes
DOE Spends Taxpayers’ Money While A123 Goes Bankrupt

Institute for Energy Research -- The [A123] plant’s opening “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,” President Obama said during a call to A123 Systems in September 2010. “And it’s going to allow us to start exporting those cars, making them comfortable, convenient and affordable. It helps our manufacturing industry to thrive, and with it, that means our communities and our states and our country are going to thrive.”

President Obama also thanked Energy Secretary Steven Chu “for his extraordinary work to get the money out the door quickly and wisely.” Politico Pro, October 16, 2012.


Read the Full Article

Submitted Nov 24, 2012 By: NedW
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: DOE Spends Taxpayers’ Money While A123 Goes Bankrupt Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,320
Points:2,439,915
Joined:Nov 2008
Message Posted: Nov 27, 2012 6:01:23 AM

America needs cars, not Twinkies.
remay
Champion Author Houston

Posts:10,130
Points:2,933,065
Joined:May 2006
Message Posted: Nov 26, 2012 6:06:24 AM

Figures...
Soglaos
Champion Author Virginia Beach

Posts:4,283
Points:1,461,360
Joined:Feb 2011
Message Posted: Nov 25, 2012 12:06:24 PM

Recycled news.
leeac
Champion Author Ohio

Posts:4,991
Points:1,244,995
Joined:Jan 2012
Message Posted: Nov 25, 2012 6:55:24 AM

This tax payer wants the government to support green energy.
petroengineer
Rookie Author Idaho

Posts:8
Points:111,335
Joined:Nov 2012
Message Posted: Nov 25, 2012 4:24:35 AM

"The company ran into trouble after producing defective battery packs that caused Fisker to recall its expensive Karma sedans."

Irony.

Is a non-profit political front group run by Libertarians ironic? Maybe.
wz
Champion Author Twin Cities

Posts:5,830
Points:2,087,120
Joined:Feb 2009
Message Posted: Nov 25, 2012 1:27:45 AM

Another of Obama's investments goes sour. Makes one wonder how he is doing with his personal investments?
7SPEEDY7
Champion Author Flint

Posts:4,278
Points:1,419,070
Joined:May 2011
Message Posted: Nov 25, 2012 12:54:58 AM

Crazy
ShadowACE
Champion Author Boston

Posts:12,465
Points:2,961,625
Joined:Jun 2006
Message Posted: Nov 25, 2012 12:36:54 AM

jkpsr said: "We need the technology. A few bumps on the road are enviable."

I'm going to assume that you really meant "inevitable" rather than "enviable." Still, when they hand out $4.2 MILLION dollars in bonuses to 10 (TEN? Really?) employees "for staying on the payroll as the company’s assets are sold" I don't know whether to laugh or cry. On one hand it takes a incredible amount of bravado (a euphemism for Big B@lls) to do that while you're slamming the door on a $249M grant, and on the other hand I sure wish I had a job like that even for just a couple of weeks. At my current rate it will take me several years to make the $420K (average) of those bonuses, and I have to work damn hard for it. What did those ten people have to do to "earn" those bonuses? And how much "regular salary" did they make while they were earning all that extra money?

The government gets way too much of the little I earn as it is. The least they (it?) could do is try to spend it on something that has some actual value.
Zonk
Champion Author Michigan

Posts:9,823
Points:2,905,425
Joined:Oct 2005
Message Posted: Nov 25, 2012 12:30:48 AM

Typical obama, must be family member has some stock ownership.
Mr_Bill_W
All-Star Author Virginia

Posts:670
Points:898,875
Joined:Feb 2012
Message Posted: Nov 25, 2012 12:23:06 AM

This is criminal and should subject those within the now bankrupt company to both criminal charges and civil penalties as well as personal accountability for perpetuating fraud... And the government officials who literally passed out tax dollars away on a faltering company should be terminated ~ that's right FIRED!
obimerrill
Champion Author Cincinnati

Posts:4,819
Points:1,123,690
Joined:Jul 2012
Message Posted: Nov 25, 2012 12:19:38 AM

Another example of Obama giving our tax dollars to his donors nd them getting away with it
Bubba44612
Champion Author Ohio

Posts:10,686
Points:2,697,975
Joined:Aug 2005
Message Posted: Nov 25, 2012 12:19:38 AM

What else is new.
pa79th
Champion Author Pennsylvania

Posts:5,153
Points:2,005,000
Joined:Jun 2007
Message Posted: Nov 25, 2012 12:19:28 AM

Typical of O and how he wastes the taxpayer's money.
ican2step
Champion Author Pittsburgh

Posts:4,888
Points:1,214,625
Joined:Feb 2012
Message Posted: Nov 25, 2012 12:18:05 AM

Really?
silverfoxv65
Champion Author Michigan

Posts:7,908
Points:2,038,505
Joined:Sep 2009
Message Posted: Nov 25, 2012 12:16:26 AM

Another wast of our tax dollars.

. It never ends.
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Nov 25, 2012 12:15:08 AM

Let us pray he is doing the right thing as opposed to wasting money (tax-payers) on a dead system.
crreed1
Champion Author West Virginia

Posts:5,151
Points:3,247,635
Joined:May 2005
Message Posted: Nov 25, 2012 12:15:01 AM

there goes the money
kzrooster
Champion Author Kalamazoo

Posts:5,529
Points:1,330,795
Joined:Nov 2011
Message Posted: Nov 25, 2012 12:14:42 AM

Not all business thrive, it's just to bad it was our money that went down the tubes.
heartbroken2010
Champion Author Ottawa

Posts:7,708
Points:1,708,560
Joined:Aug 2010
Message Posted: Nov 25, 2012 12:12:18 AM

spend wisely.
Buddy2264
Champion Author Tampa

Posts:15,125
Points:3,198,020
Joined:Oct 2005
Message Posted: Nov 25, 2012 12:12:02 AM

I guess it is a problem when it is government money. But other start ups go bankrupt all the time. We just see more of it when it is the government mistakes. However we should track all the waste and the over spending on things we do not really need just to keep local economies going. There will be some hard times as some of these things are cut back, as they should be.
LCSTEELERBOB
Champion Author Gary

Posts:3,537
Points:886,655
Joined:Oct 2008
Message Posted: Nov 25, 2012 12:09:31 AM

they just like to waste money, its not theirs
gilfarm
Champion Author Alabama

Posts:10,113
Points:2,762,070
Joined:Sep 2005
Message Posted: Nov 25, 2012 12:08:55 AM

Government Waste!
WIWalt
Champion Author Wisconsin

Posts:5,007
Points:1,220,620
Joined:Mar 2012
Message Posted: Nov 25, 2012 12:08:51 AM

There goes our money
joel27nc
Champion Author Raleigh

Posts:13,933
Points:2,688,970
Joined:Mar 2008
Message Posted: Nov 25, 2012 12:08:33 AM

My money out the window!
jtfftj
Champion Author New Hampshire

Posts:2,811
Points:1,982,290
Joined:Sep 2005
Message Posted: Nov 25, 2012 12:08:06 AM

They need and get handouts whether we need the technology or not. What is our return on investment?AND IT'S NOT OK.

[Edited by: jtfftj at 11/25/2012 12:10:11 AM EST]
rahcat
Champion Author Grand Rapids

Posts:6,125
Points:1,498,000
Joined:Jan 2010
Message Posted: Nov 25, 2012 12:08:02 AM

More tax payer money up in smoke.
cheaper0ON
Champion Author Ontario

Posts:4,315
Points:1,232,380
Joined:Jan 2012
Message Posted: Nov 25, 2012 12:07:46 AM

ok
seeyardee
Champion Author Sacramento

Posts:11,633
Points:2,591,455
Joined:Apr 2008
Message Posted: Nov 25, 2012 12:06:42 AM

Yet no one blinks an eye at the trillions we wasted on those wars.
jkpsr
Champion Author New Jersey

Posts:5,978
Points:1,638,420
Joined:Jun 2005
Message Posted: Nov 25, 2012 12:05:55 AM

We need the technology. A few bumps on the road are enviable.
furiousfowl
Champion Author Riverside

Posts:19,865
Points:3,500,370
Joined:May 2005
Message Posted: Nov 25, 2012 12:05:09 AM

Political Corruption.
Glock26
Champion Author Dayton

Posts:4,771
Points:1,412,810
Joined:Mar 2011
Message Posted: Nov 25, 2012 12:04:57 AM

So, what else is new!!!
boatmen
Champion Author New York

Posts:5,790
Points:1,315,890
Joined:Jan 2011
Message Posted: Nov 25, 2012 12:04:43 AM

Need news
JamesCalvin
Champion Author Lancaster

Posts:6,653
Points:1,346,560
Joined:Nov 2011
Message Posted: Nov 25, 2012 12:03:01 AM

The only money the government has is the taxpayers' money!
bababooey2
Champion Author Hartford

Posts:9,743
Points:2,113,245
Joined:Sep 2009
Message Posted: Nov 25, 2012 12:02:45 AM

I am getting sick of it.
SteelPenny
Champion Author Dallas

Posts:38,737
Points:3,415,790
Joined:Sep 2005
Message Posted: Nov 25, 2012 12:02:43 AM

It figures. Corruption.
mrbee
Champion Author Little Rock

Posts:7,140
Points:3,297,055
Joined:Oct 2005
Message Posted: Nov 25, 2012 12:01:32 AM

Political payoffs.
HailstormCA
Champion Author San Diego

Posts:10,711
Points:2,171,210
Joined:Nov 2008
Message Posted: Nov 24, 2012 11:59:57 PM

We always knew it was a hoax.
s6sputnik
Champion Author Austin

Posts:7,833
Points:2,032,170
Joined:Jun 2007
Message Posted: Nov 24, 2012 11:59:10 PM

Ok
scubadaniel
Champion Author Dayton

Posts:4,659
Points:1,508,895
Joined:Jan 2011
Message Posted: Nov 24, 2012 11:58:54 PM

Reverse Midas touch. Everything this man touched turns to s....
HA4CNN
Champion Author Toronto

Posts:8,762
Points:2,306,115
Joined:Dec 2006
Message Posted: Nov 24, 2012 11:56:37 PM

More mayhem.
boatmen
Champion Author New York

Posts:5,790
Points:1,315,890
Joined:Jan 2011
Message Posted: Nov 24, 2012 11:55:25 PM

filler Article
Barfood
Champion Author St. Louis

Posts:3,836
Points:1,638,465
Joined:Jun 2009
Message Posted: Nov 24, 2012 11:52:31 PM

Why this? Nothing to do with gas prices.
us4usa
Champion Author Missouri

Posts:7,179
Points:1,593,920
Joined:May 2008
Message Posted: Nov 24, 2012 11:50:17 PM

Why should he care its not his money, so keep spending, its only money...
AKmailman
Champion Author Alaska

Posts:9,014
Points:2,359,345
Joined:Jul 2004
Message Posted: Nov 24, 2012 11:48:55 PM

if O said it, it's going to be a failure
Thomtec
Champion Author Nashville

Posts:5,772
Points:1,435,955
Joined:May 2011
Message Posted: Nov 24, 2012 11:47:39 PM

Scum all of this crooked administration. Corrupt as any this country has ever had. What amazes me is All of those people that just turn their heads to this corruption.
carpenter4u
Champion Author Virginia

Posts:3,623
Points:1,310,945
Joined:Jul 2011
Message Posted: Nov 24, 2012 11:46:36 PM

another Obama winner
nimpy
Champion Author Indianapolis

Posts:11,079
Points:2,439,000
Joined:Oct 2007
Message Posted: Nov 24, 2012 11:42:41 PM

So irresponsible
gd83goldwinger
Champion Author South Bend

Posts:2,584
Points:794,580
Joined:May 2011
Message Posted: Nov 24, 2012 11:40:31 PM

Again gov. waste.
1Casey
Champion Author Albany

Posts:9,586
Points:2,455,760
Joined:Jun 2004
Message Posted: Nov 24, 2012 11:38:41 PM

what ?
rjoeh
Champion Author Michigan

Posts:10,443
Points:3,299,770
Joined:Jun 2004
Message Posted: Nov 24, 2012 11:34:49 PM

The only thing Obama has done quickly is to take taxpayer money and give it to business friends.,
defense
Champion Author Grand Rapids

Posts:1,598
Points:1,474,640
Joined:May 2004
Message Posted: Nov 24, 2012 11:34:33 PM

Obummer can't spend fast enough for him. I heard he's planning on giving billions to the countries in the middle east that are fighting. I'd like to why? We had nothing to do with it, why are we paying for it. It's their problem, not ours.
Post a reply Back to Topics