Another $million$ taxpayer dollars flushed down Odumbo's "green" toilet.

A123 Systems Received Nearly $1 Million From Obama Administration On Day It Filed For Bankruptcy

WASHINGTON, Nov 16 (Reuters) - The Obama administration provided struggling battery maker A123 Systems Inc with nearly $1 million on the day it filed for bankruptcy, the company told lawmakers investigating its government grant.

The company, which makes lithium ion batteries for electric cars, filed for Chapter 11 bankruptcy protection last month after a rescue deal with Chinese auto parts supplier Wanxiang Group fell apart.

That same day, Oct. 16, A123 received a $946,830 payment as part of its $249 million clean energy grant from the Energy Department, the company said in a letter obtained by Reuters to Republican Senators John Thune and Chuck Grassley. (Reporting by Ayesha Rascoe; Editing by Gerald E. McCormick)

http://www.huffingtonpost.com/2012/1...n_2144878.html

Someone needs to consult field-engineers about current state of battery power for automobiles .... and I'm not talking about the golf carts that the President uses.

Where is the nearest "recharge station"?

.... and I'm not talking about the golf carts that the President uses. Originally Posted by LexusLover

LL, who cares what you're "talking about?" Too put it bluntly, you're a 'dying breed!' Your breed is still clinging to the catastrophic failures of the "most unpopular (and incompetent) President in modern history." Your breed still clings to those failures as if they were lifelines! Yes, the same George W. Bush Administration that recently suffered through its second consecutive rejection from America's voters in a Presidential election.

And LL has the audacity to call himself a Democrat!

LL, who cares what you're "talking about?" Originally Posted by bigtex

Apparently, you do! Your obsession is note worthy.

When was it that you learned there were no WMD's?

When was it that you learned there were no WMD's? Originally Posted by LexusLover

Damn, that's a dumb question! When in the hell do you think I found out? I learned it when GW invaded Iraq and there were no WMD's to be found! DUH! Not to worry! Through all of these years, I have learned to expect ignorant, condescending questions from you!

While on the subject, why didn't GW allow the Weapons inspectors the additional 6 months they requested in order to complete their search for WMD's prior to the final decision being made to invade Iraq? Coulda, woulda, shoulda! Duh, once again!

Prior to the ill fated spring of 2003 invasion, the Bush Administration claimed Iraq was a "Slamdunk." Meanwhile 4,500+ American lives and $1 trillion later, how did Iraq end? The ending falls well short of the minimum criteria necessary to be remembered as a "Slamdunk."

One other question! When did you first learn that you were no longer a Democrat? Despite your repeated claims that you are a Democrat, that question is not a "Slamdunk" either.

Word of warning to other posters: If LL stays true to form, you can fully expect him to dig out his grossly outdated 1993-1998 materials about WMD's in Iraq.

BT, you probably missed this "description" of your choice in 2008 and 2012 ...it was posted in the Sand Pile in the Houston Section, just in case you did ....


... from Twinkies to Batteries .... he's doing a bang up job!

If you keep looking back the rest of your life ...

.............. you are gonna keep running off cliffs !!!!!

I keep saying it to you .... sorry that Bush beat McCain in 2000. Get over it!

Duh! I learned it when GW invaded and there were no WMD's to be found! Originally Posted by bigtex

Is that how you learned the Texans were gonna beat the Bears? After the game?

You are pretty smart after all.

Is that how you learned the Texans were gonna beat the Bears? After the game?

You are pretty smart after all. Originally Posted by LexusLover

I am smart enough to know that the final results of an action taken is based solely on the outcome of that action. Not on the action itself. Indeed, as it relates to the 'action' taken by the Bush Administration in Iraq, the "ends failed to justify the means."

LL, as arrogant and condescending as you are, I wouldn't expect you to grasp a concept so complex!

I am smart enough to know that the final results of an action taken is based solely on the outcome of that action. Originally Posted by bigtex

The flaw in your logic is .... that without taking "the action" one doesn't know how it will turn out. Had the bears failed to show they would have never known the outcome of the game. Monday morning quarterbacking, as you are well aware, is 100% hindsight ... what you neglect to comprehend is that the task of the President of the United States is to make decisions and take actions that protect the United States of America BASED ON THE BEST INTELLIGENCE PRIOR TO THE DECISION MAKING!

Which is no doubt the reason why you voted for Obaminable 2 times ....

... he, like you, prefers modify the "intelligence" after the fact when his decisions do not pass the test of application ... as in Libya!

The additional flaw in your 20-20 hindsight is that the U.N., most, if not all, of the civilized world, and Congress also believed there were WMD's in Iraq and that Iraq would use them (or pass them off to someone who would) against whomever they wished and in whatever fashion was needed ...

... and your best friend Clinton and his administration felt the same way ....

Beat your overinflated chest all you want for being right .... but had you been WRONG ... whose chest would you be beating then?

Your "plan" and "strategy" of "inspections" and "sanctions" is working out well in Iran isn't it .............? Let's see how it plays out .... so long as we get the truth ... unlike the bullshit going on with Libya. The Israelis know the truth. BTW so does Obaminable!

Here: http://worldnews.nbcnews.com/_news/2...riched-uranium

Like you wrote: "I am smart enough to know that the final results of an action taken is based solely on the outcome of that action."

What will be the final results of Obaminable's strategy of appeasement, facilitation, inspection, and sanctions? Genius!

Like I said: You keep looking over your shoulder, you are gonna walk off a cliff.

This thread is about your guy's throwing money away for "green" shit ...

Not Bush and Not your obsessive agenda. But having voted for Obaminable and the disaster that is befalling the U.S. now ... I can understand why you would want to talk about anything but his incompetence and attempt to trash anybody who points it out ... Obaminable's absolute incompetence as a President of the United States of America.

Again: Sorry Bush beat McCain in 2000.

Did you vote for Obaminable in 2008 because McCain is a loser?

The flaw in your logic is .... that without taking "the action" one doesn't know how it will turn out. Originally Posted by LexusLover

You obviously refer to it as a "flaw." I prefer to call it something that LL is obviously lacking. Common sense! My common sense told me at the time (spring of 2003) that if the Bush Administration would have allowed the Weapons Inspectors to complete the job they had begun in late 2002, we would have known there were no WMD's in Iraq by mid to late 2003. Need I remind you the Inspection Team specifically stated prior to the actual invasion that they needed 6 additional months to complete the inspection process?

Shall we now fast forward to the ill fated spring of 2003? Had the Administration waited for the Inspectors to complete their mission, the Administration would have known by the end of the year that the invasion to rid Iraq of WMD's would not have been necessary. You might ask why? Because we soon were to learn that there were no WMD's in Iraq during the spring of 2003.

It doesn't end there, the Bush Administration was later to learn yet another crucial lesson. The Iraq "ends failed to justify the means!" Duh once again!

As an aside, this is not a new concept that you are hearing from me for the very first time. I specifically stated those same sentiments (in ASPD's PigPen) during the spring of 2003. Or have you conveniently forgotten?

The rest of your bullshit is just window dressing!

By any other name: LL's bullshit is for lack of a better term, LL's bullshit!

Our taxpayer dollars will be spent to install recharging station all over the nation.
You will get to pay a highly inflated cost for the electricity used to charge the vehicles.
The "green" companies will make enormous profits from this "venture".

In the meantime, we are being asked to pay higher electricity rates because there is not enough generating capacity to meet the needs as they stand now much less with a shitload of electric vehicle sapping the power out of the line while the coal fired plants are shut down.
In the meantime, we are told we cant set our thermostats on 72 whether we live in the desert or the tundra. But the taxpayers get to pay for the idiots that buy the damn vehicles. Tell me shit aint fucked up.

Hell it aint "real" money anyway.

Dumb-asses.

Who Can Keep Up With Obama’s Green Investment Failures?

April 17, 2012
By Lonely Conservative
Every time I see another story of President Obama’s green energy investment failures I think to myself “Didn’t I already cover that one?” There are so many, it’s really difficult to keep up. It’s late, and I’m tired, but just in case I missed the latest failure, be sure to check it out. Oh, and be sure to enjoy this lovely graphic courtesy of Doug Ross. It’s like Obama’s promoting really expensive pixie dust. If only we could all just move to the Land of Make Believe, life would be just swell under the leadership of Barack Obama.

My common sense told me at the time (spring of 2003) that if the Bush Administration would have allowed the Weapons Inspectors to complete the job they had begun in late 2002, we would have known there were no WMD's in Iraq by mid to late 2003. Need I remind you the Inspection Team specifically stated prior to the actual invasion that they needed 6 additional months to complete the inspection process? Originally Posted by bigtex

BT on wait, inspect, and sanction ....

"My common sense tells me that if the Obaminable Administration would allow the U.N. inspectors to complete their job they began in 2000, the world will know that Iran cannot make a nuclear war head and develope a delivery system for it by the end of 2013. And I will be the physical and economic future of the United States of America on it. Trust me, I know these things, because I have common sense."

BT, as for your revisionist view of history .. to fit your "common sense" .....

.. you might want to "revisit" the dialogue and resolutions in the U.N. immediately prior to the 2003 RE-INVASION of Iraq ..... and there is no possible way that "inspectors" were going to DIG UP Iraq and find conclusively that there were NO WMD's ...

...are you by chance referencing "Scott Ritter" who needed a job.

Now how about that Syrian WMD program that has been ongoing all these years?

And while your at it .... predicting outcomes ..

.... what's the final score going to be tomorrow in the Texans game?

Finally, would you do us both a favor and quit following me around on the board like an annoying chihuahua yelping and biting at my posts?

The timing of the distribution was disclosed in a Nov. 14 letter to Republican Sens. Charles Grassley and John Thune from Eric Pyenson, a company vice president and A123's general counsel.
News of the letter and the timing of the grant was first reported by Reuters.

In a statement, a Department of Energy spokesman said payments under its grant program are only disbursed to a company for work that has already been completed.

"The Department of Energy takes its responsibility to be good stewards of the taxpayers' money very seriously," the spokesman said.

A123 filed for bankruptcy-court protection on Oct. 16 with a plan to sell its auto business to an American rival, Johnson Controls Inc. JCI -0.08% The move scrapped a previously announced rescue by a Chinese company, Wanxiang American Corp., which would have bought an 80% stake in the Waltham, Mass., battery maker.


the money was used for work that had already been completed ... wow, what a novel concept, do a job, get paid ... I cant imagine what all of you simpletons would have dreamed up if the DOE welched on the payment ...

"The Department of Energy takes its responsibility to be good stewards of the taxpayers' money very seriously," the spokesman said. Originally Posted by CJ7

Isn't it so .... http://www.solyndra.com/2009/03/us-department/

Solyndra Offered $535 Million Loan Guarantee by the U.S. Department of Energy

Fremont, CA, March 20, 2009 – Solyndra, Inc. announced today that it is the first company to receive an offer for a U.S. Department of Energy (DOE) loan guarantee under Title XVII of the Energy Policy Act of 2005. Solyndra, a Fremont, California-based manufacturer of innovative cylindrical photovoltaic systems, will use the proceeds of a $535 million loan from the U.S. Treasury’s Federal Financing Bank to expand its solar panel manufacturing capacity in California.
“The leadership and actions of President Barack Obama, Energy Secretary Steven Chu and the U.S. Congress were instrumental in concluding this offer for a loan guarantee,” said Solyndra CEO and founder, Dr. Chris Gronet. “The DOE Loan Guarantee Program funding will enable Solyndra to achieve the economies of scale needed to deliver solar electricity at prices that are competitive with utility rates. This expansion is really about creating new jobs while meaningfully impacting global warming.”

"steward" = somebody who manages somebody else's finances