Yep: Bankrupt Obama-stimulus recipient goes to the highest bidder, the highest bidder

Discussion in 'Politics' started by Stephanie, Dec 10, 2012.

  1. Stephanie
    Offline

    Stephanie Diamond Member Supporting Member

    Joined:
    Jul 11, 2004
    Messages:
    70,236
    Thanks Received:
    10,818
    Trophy Points:
    2,040
    Ratings:
    +27,360
    well well
    links in article at site


    SNIP:
    posted at 10:41 am on December 10, 2012 by Erika Johnsen

    Let me get my obligatory free-trade qualifier out of the way here first: It’s not so much that there’s anything at all wrong with businesses buying and selling on the international arena, because foreign markets may have demands for products we don’t, and we all stand to make money off of one another in a mutually beneficial and productive way. Free-trade is not a zero-sum game, and everybody wins.

    The problem here is that in the case of A123 Systems, a manufacturer of lithium-ion batteries for electric cards, the Obama administration spoon-fed hundreds of millions of dollars of taxpayer money into what they assured us was a guaranteed-successful endeavor at ushering in the glorious green-energy revolution and leading us down the path of ostensibly necessary energy independence. Not only has President Obama’s “investment” failed to inspire a dearth of American-made electric car-buying (which has also been very generously subsidized, courtesy of the taxpayer), but it’s brought us no closer to the energy self-sufficiency at which President Obama constantly suggests he’d like us to arrive.

    The Washington Post reports:


    all of it here
    Yep: Bankrupt Obama-stimulus recipient goes to the highest bidder, the highest bidder being China « Hot Air
     

Share This Page