Battery maker bankrupt after receiving $250M in stimulus funds (Obama, companies, dollars)

[All American NYC]

Two senior Republican senators called on the Department of Energy to explain whether the bankruptcy filing Tuesday by an electric car battery maker, A123 Systems Inc., which was awarded nearly $250 million in government stimulus grants, will result in any taxpayers losses.....“The administration needs to answer for this. The taxpayers shouldn’t have to subsidize poor investments in failed energy companies,”

Another one of Obama's success stories with taxpayer dollars. Now all of those "green" jobs are gone?
I wonder, is there anything this administration has touched that hasn't turned out bad?

[jt800]

As Mitt Romney zinged Obama with......."you only pick losers".

But Liberals will keep trying to say that the Stimulus worked!

[TigerLily24]

Originally Posted by All American NYC

Another one of Obama's success stories with taxpayer dollars. Now all of those "green" jobs are gone?
I wonder, is there anything this administration has touched that hasn't turned out bad?

Leaving aside the fact that this is probably the third or fourth thread on the same topic, I don't suppose you will acknowledge this?

"But A123, based in Watertown, Mass., but with manufacturing plants in Michigan, got funding under the administrations of both Obama and President George W. Bush. The firm got a crucial influx of early money from the Bush administration in 2001 and 2003. In fact, the firm might not have been alive in 2009 to get its Obama stimulus funding if it hadn’t been for earlier subsidies under the Bush administration."


Battery firm bankruptcy comes after bipartisan funding under both Bush and Obama - First Read