Volt battery maker furloughs workers

[westwall]

Yet another in a long line of "green" failures, and another 150 million taxpayer dollars go's up in smoke. I wonder how much got back to ol Obama?


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.

Plant that got $150M in taxpayer money to make Volt batteries furloughs workers | Fox News

 

[ScienceRocks]

Who ever that thinks this isn't a waste isn't thinking. WTF.

 

[Jroc]

[ame=http://www.youtube.com/watch?v=bcYBu3PeZww]President Barack Obama visits Holland, Mi - YouTube[/ame]

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.

The facility, which was opened in July 2010 with a groundbreaking attended by Obama, has yet to produce a single battery for the Chevrolet Volt, the troubled electric car from General Motors. The plant’s batteries also were intended to be used in Ford’s electric Focus.

Production of the taxpayer-subsidized Volt has been plagued by work stoppages, and the effect has trickled down to companies and plants that build parts for it — including the batteries.

 

[Jroc]

More Thank you Obama Granholm is such an liberal idiot...Thank G-d she's gone

[ame=http://www.youtube.com/watch?v=iIoQcgtsHCI]A123 Video Shows President Obama, Top Politicians Praising Failed Green Company - YouTube[/ame]

 

[flacaltenn]

Great grits.. That list is getting long.. Anybody got a score card? I think a squirrel could pick investments better than this dude.

 

[daveman]

Great grits.. That list is getting long.. Anybody got a score card? I think a squirrel could pick investments better than this dude.

Obama gets a return on the investment.

Fuck the stockholders.