[LucyT]

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Ping.

Obama Drowns in Red Ink.

His stunning lack of leadership fuels our fiscal catastrophe.

National Review ^ | 10/19/2012 | Deroy Murdock

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[GOPJ]

The Obama administration gave A123 Systems a stimulus grant to manufacture electric-car batteries. Obama predicted at a 2010 Rose Garden ceremony that A123 would hire “more than 3,000 by the end of 2012.” He added: “This is what’s possible in a clean-energy economy.”

A123 filed for Chapter 11 bankruptcy on Tuesday. It had already burned through $132 million of its $249 million allocation. It also had received money in 2003 and 2007 from the profligate Bush-Rove administration. Sadly, Obama turned his predecessor’s spending fever into fiscal pneumonia.

Including the ten Obama-funded green bankruptcies that I documented last July, A123 is now at least the 14th such failure. As GOP nominee Mitt Romney told Obama in their first debate: “I had a friend who said you don’t just pick the winners and losers. You pick the losers.”

Amazing stuff - thanks for the ping.

[Graewoulf]

” - - - His stunning lack of leadership - - - “

Come on! Give the sap a beak!

Obama has only been trying for nearly 4 years now to perfect HIS impression of what the comedian Flip Wilson would have said and done as pOTUS.

Not even the devil could have made Obama be a good financial steward.