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Workers At LG Chem Plant On Furlough As Green Jobs Wilt
The Truth About Cars ^ | 10/19/12 | Derek Kreindler

Posted on 10/20/2012 12:22:07 PM PDT by AKSurprise

"President Obama as the return of manufacturing jobs to America, and green ones at that. The facility was estimated have produced 15,000 batteries a year and added hundreds of jobs. So far, 200 workers are being paid to do nothing."

"Workers placed on furlough are eligible to collect unemployment for that week, but that’s not the only government subsidy that is used to sustain LG Chem’s work force. Of the 200 employees at the plant, half are being paid via Recovery Act funds. 40 percent of the company’s $133 million expenditures have gone to foreign companies, mostly South Korean"

"federal records shows taxpayers spent $7 million to train workers and have paid more than $700,000 for workers’ health and dental insurance. There’s millions of dollars more at stake for LG Chem if it doesn’t keep hiring"

(Excerpt) Read more at thetruthaboutcars.com ...


TOPICS:
KEYWORDS: cronycapitalism; greenjobs; lgchem; obamanomics; socialism
Crony Capitalism at it's worst. This is the Obama economy!
1 posted on 10/20/2012 12:22:15 PM PDT by AKSurprise
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To: AKSurprise

I think the State of Michigan kicked in around 100 Million
In this scam also. Another Jenny Grandstand production.


2 posted on 10/20/2012 12:30:59 PM PDT by VRWCarea51
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To: AKSurprise

Squandering our hard earned money is King Obama’s only plan. Kill America with green crap that just will not work.


3 posted on 10/20/2012 12:44:24 PM PDT by Logical me
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To: VRWCarea51
Obama-Promoted Battery Plant Moves to 'Rolling Furloughs' As Company Pulls Back on Jobs Projections (LG Chem received $151 million from feds, $100 million from state)
4 posted on 10/20/2012 12:50:51 PM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: VRWCarea51
And now trying to hide the mess.

MEDC Removes Video of Obama, Top Dems Praising Failed Battery Company YouTube promotion showed Obama, Granholm, Levin and Stabenow promising thousands of jobs
5 posted on 10/20/2012 12:55:12 PM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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