RSSAnother 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.
Posted October 9, 2012 by Scared Monkeys Barack Obama, Business, Debates, Economy, Energy, Epic Fail, Green Energy, Green Jobs, Jobs, Layoff - Fired, Mitt Romney - Paul Ryan 2012, Obamanation, Obamanomics, Stimulus Bill, You Tube - VIDEO | 4 comments |
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4 Responses to “Another Failed Obama Green Energy Venture … Michigan Battery Plant Places Workers on Furlough. Another $150 Million Wasted”
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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.
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The cure: place Barry and his cadre of henchmen/women on
permanent furlough!
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?