Posted on 01/27/2012 4:31:11 AM PST by tobyhill
The parent company of an electric car battery maker that received a $118 million grant from the Obama administration filed for Chapter 11 bankruptcy protection on Thursday.
New York-based Ener1 said it has been affected by competition from China and other countries.
Ener1 subsidiary EnerDel received a $118 million stimulus grant from the Energy Department in 2009, and Vice President Joe Biden visited the company's new battery plant in Indiana last year.
(Excerpt) Read more at foxnews.com ...
This regime has the “anti Midas”touch. As soon as they applaude a company, it tanks.
I hope they stay away from where I work.
Meanwhile, subsidiaries EnerCapsLock and EnerPrtScn are still doing well with renewed government subsidies...
Hey Congress - yet another opportunity to peek behind the mask and look into the massive corruption and crime syndicate that is the hussein obama administration.
Will the DNC return contributions made by these bankrupt companies? How large were these contributions? Where are out courageous investigative reporters?`
Where’d that money go? Oh, the Democrat campaign fund is up.
The Hollies in 1967...
http://www.youtube.com/watch?v=7QFUkR4-4ds
If you could only see me, I know exactly where I am
You wouldn’t want to be me Oh, I can assure you of that
I’m not the guy to run with, ‘cause I’ll throw you off the line
I’ll break you and destroy you, Given time
He’s King Midas with a curse, He’s King Midas in reverse
He’s King Midas with a curse, He’s King Midas in reverse
It’s plain to see it’s hopeless Going on the way we are
So even though I’d lose you You’d be better off by far
He’s not the man to hold your trust, Everything he touches turns to dust
In his hands, Nothing he can do is right
He’d even like to sleep at night But he can’t
All he touches turns to dust, All he touches turns to dust
All he touches turns to dust, All he touches turns to dust
I wish someone would find me, And help me gain control
Before I lose my reason, And my soul
He’s King Midas with a curse He’s King Midas in reverse
He’s King Midas with a curse, He’s King Midas in reverse
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