Crush Liberalism

Liberalism: Why think when you can “feel”?

Obama in SOTU: We partnered with private sector for electric car batteries. “Partner”: We’re filing for bankruptcy.

And ObaMao’s Reverse Midas touch continues:

An Indiana-based energy storage company that received a $118.5 million stimulus-law grant from the Energy Department filed for bankruptcy Thursday.

Ener1 is asking a federal bankruptcy court in New York to approve a plan to restructure the company’s debt and infuse $81 million in equity funding. …

The Energy Department, in 2009, approved a $118.5 million stimulus-law grant for EnerDel, a subsidiary of the company that develops lithium-ion batteries used in electric vehicles. The grant was part of a broader program aimed at promoting the development of electric-vehicle battery technology.

President Obama touted the program in his State of the Union address this year.

“In three years, our partnership with the private sector has already positioned America to be the world’s leading manufacturer of high-tech batteries,” he said.

The company is now trading for $0.02 per share.  That’s our money, going down the crapper for more “green energy” boondoggles.

Please get this jack#ss out in November…we can’t afford four more years of this idiocy.

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January 27, 2012 - Posted by | big government, economic ignorance, energy, Obama

3 Comments »

  1. “…and another one bites the dust” from a song I seem to remember from long ago. Along with a heapin’ helpin’ of our tax money. Yep, “green” energy is really viable and ready for prime time, NOT. I could do better with the slots in Vegas than this ass clown does with our money.
    Liberalism is a mental disorder.

    Comment by J. Guidry, Battlefield, MO. | January 27, 2012

  2. Green acres is the place for me….
    Green livin’ is the life for me….
    Lie spreadin’ out so far and wide,
    Keep your logic, just let me feel good inside.

    Comment by Im_bonafide | January 28, 2012

  3. @ bonafide; Excellent, ! Love it!

    Hey, did anyone notice, at the SOTU, that he seemed to have absentmindedly forgot to make a SINGLE mention f the deficit or about his administration’s plan to deal with the debt that has been run up just in his term of office? Funny, huh?

    Comment by Kevin | January 28, 2012


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