Another Failed Obama Green Energy Venture … Michigan Battery Plant Places Workers on Furlough. Another $150 Million Wasted

 

Well there you go again … Obama picks another ‘green” energy loser …

Remember during the recent Presidential debate when Mitt Romney stated the following, “Mr President, you just don’t pick winners and losers, you pick losers VIDEO). Well, Obama has done it again, this time it is a Michigan battery plant that was given $150 million of tax payer dollars at the Compact Power plant as workers are placed on a rotating furlough.

From Fox News comes the following, ‘Plant that got $150M in taxpayer money to make Volt batteries furloughs workers’.

President Obama touted it in 2010 as evidence “manufacturing jobs are coming back to the United States,” but two years later, a Michigan hybrid battery plant built with $150 million in taxpayer funds is putting workers on furlough before a single battery has been produced.

Workers at the Compact Power manufacturing facilities in Holland, Mich., run by LG Chem, have been placed on rotating furloughs, working only three weeks per month based on lack of demand for lithium-ion cells.

As the Lonely Conservative opines, remember when Obama was touting that “green energy” jobs boom? Consider that among many of Obama’s 2008 promises to fix the economy in the where are they now files.



If you liked this post, you may also like these:

  • A123 Systems, An Electric Car Battery Company … Another Barack Obama Green Stimulus Company Failure
  • Bankrupt & Failed Obama Green Energy Agenda … Solyndra Building for Sale
  • Green Energy Hypocrisy: Barack Obama Leaves Event Promoting Clean Energy in Motorcade of 22 Fossil Fuel Gas Hogs
  • Another Obama Touted Green Energy Company Lays off Workers, Abound Solar Received $70 Million and Lays Off 280 Employees
  • Obama White House Knew “Green” Electric Car Maker Fisker Automotive was Failing and Still Gave them More Tax Dollars




  • Comments

    4 Responses to “Another Failed Obama Green Energy Venture … Michigan Battery Plant Places Workers on Furlough. Another $150 Million Wasted”

    1. A Texas Grandfather on October 9th, 2012 3:01 pm

      The “green energy” concept is based on wishful thinking of a bunch of environmentalists who cannot understand the world in which they live.

      GM cannot sell the Volt and it is never going to be a value to the market. Not suprising that the battery maker will have to shut down.

    2. Hybrid Battery Plant That Received Federal Dollars Putting Workers On Furlough | The Lonely Conservative on October 9th, 2012 3:45 pm

      [...] that build parts for it — including the batteries.Read the whole thing.H/T to AWMUpdate: Scared Monkeys linked – thanks!Tweetvaso linkgoogle_ad_client = "ca-pub-1395656889568144"; /* 300×250, [...]

    3. rightknight on October 9th, 2012 11:50 pm

      The cure: place Barry and his cadre of henchmen/women on
      permanent furlough!

    4. AC Points on October 10th, 2012 1:50 pm

      So what’s your opinion of the $5.9 billion in DOE loans Ford received for their electric vehicle development program and the $5 billion per year in industry specific tax breaks that the fossil fuel industry receives? Should we just drop all this stuff? Or just stuff related to GM?

    Leave a Reply




    Support Scared Monkeys! make a donation.

     
     
    • NEWS (breaking news alerts or news tips)
    • Red (comments)
    • Dugga (technical issues)
    • Dana (radio show comments)
    • Klaasend (blog and forum issues)
     
     
     
     
     
     
     
    Close
    E-mail It