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Quarter-billion-dollar stimulus grant creates just 400 jobs
Washington Times ^ | 10-29-2012 | Jim McElhatton

Posted on 10/31/2012 4:50:07 AM PDT by Sir Napsalot

Battery maker A123 Systems vowed thousands of new jobs when it received a nearly quarter-billion-dollar stimulus grant in late 2009, but federal job-tracking figures show only a few hundred positions were created before the company joined a growing list of federally backed energy businesses that ended in bankruptcy.

.....

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


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: bankrupt; greenenergy; obamation; stimulus
As if Benghazi Cover-Up did not get your blood boiling, this 'news' will.

And Obama's 2nd term, as he advertised, will be the same FORWARD. With A Lot More Flexibility!

If THE PEOPLE were not on gurard, we will surely lose our Republic.

1 posted on 10/31/2012 4:50:13 AM PDT by Sir Napsalot
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To: Sir Napsalot
Energy Department officials say the job creation numbers are misleading, noting that the jobs verified by The Washington Times through the government database don’t include many other positions that were created but not reported on the federal Recovery.gov tracking website.

“Recovery.gov reflects a small portion of the total employees working on our projects — serving as a quarterly snapshot of only those workers paid directly with Energy Department funds,” department spokeswoman Jen Stutsman wrote in an email.

More "creative accounting" from DOE. If only they can magically creat our own domestic energy and JOBS (real jobs).

2 posted on 10/31/2012 4:59:48 AM PDT by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: Sir Napsalot
Oops, the second paragraph in above #2 comment should be ‘excerpted’ from the article.

Sorry about the tag.

3 posted on 10/31/2012 5:01:42 AM PDT by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: Sir Napsalot

Will Obama come up with a plan to get Americans working to rebuild after Sandy?

Probably not, he would rather get his union cronies together instead and have them overcharge the insurance companies.


4 posted on 10/31/2012 5:24:19 AM PDT by Eye of Unk (OPSEC)
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To: Sir Napsalot; ding_dong_daddy_from_dumas; DoughtyOne; Gilbo_3; Impy; stephenjohnbanker; NFHale; ...
RE :”Battery maker A123 Systems vowed thousands of new jobs when it received a nearly quarter-billion-dollar stimulus grant in late 2009, but federal job-tracking figures show only a few hundred positions were created before the company joined a growing list of federally backed energy businesses that ended in bankruptcy. “

$250M/400 jobs = $625,000 per job. As Obama says ‘we are moving forward’.

What are we at $16T of national debt yet? The party has just started.

5 posted on 10/31/2012 5:28:01 AM PDT by sickoflibs (Romney is still a liberal. Just watch him. (Obama-ney Care ))
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To: sickoflibs

The lawyers and accountants tracking the money and fraud will be busy for ten years putting the Obama criminals in Jail.

There should be some executions for starters to make the others fes up for a plea.


6 posted on 10/31/2012 5:34:49 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
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To: sickoflibs

When LBJ declared War on Poverty in 1964 the national debt was $312 Billion..Now that Obama has surrendered the national debt is $16 Trillion. Proof once and for all that government spending neither stimulates the economy nor creates jobs. If only the American people were smart enough to do a litlle math......


7 posted on 10/31/2012 5:39:46 AM PDT by csmusaret (I will give Obama credit for one thing- he is living proof that familiarity breeds contempt.)
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To: Sir Napsalot

It seems anyone who gets a job working in a “green company” headed by one of obama cronies- it should be considered TEMPORARY EMPLOYMENT.

When the gubmint money is spent, the job is gone.

Anyone checkout the locations and homes and lifestyles of the “principals” of this scam company (and the others)???
Projact Veritas??


8 posted on 10/31/2012 5:51:58 AM PDT by silverleaf (Age Takes a Toll: Please Have Exact Change)
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To: Sir Napsalot

It seems anyone who gets a job working in a “green company” headed by one of obama cronies- it should be considered TEMPORARY EMPLOYMENT.

When the gubmint money is spent, the job is gone.

Anyone checkout the locations and homes and lifestyles of the “principals” of this scam company (and the others)???
Project Veritas??


9 posted on 10/31/2012 5:52:13 AM PDT by silverleaf (Age Takes a Toll: Please Have Exact Change)
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To: bert

it will never happen

never

the obamas will live like american royalty for the rest of their lazy lives

the black kennedys

someone will author them some more books so they get royalties

they will be flown around thr world by private jets, get paid everywhere they show up to chow down on lobster, show off wookie’s donated designer duds, and lecture the little people on being exploited by other Americans who are too fat and too rich

no one has managed to put Jon Corzine in jail and he is an old white guy, not the first black president


10 posted on 10/31/2012 5:57:59 AM PDT by silverleaf (Age Takes a Toll: Please Have Exact Change)
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To: silverleaf

You are right, the headline should have said 400 temporary jobs.

And the hired hands would have gotten the unemployment benefits, too.


11 posted on 10/31/2012 6:05:05 AM PDT by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: sickoflibs; All

And like I said earlier, I worked with a number of people at A123 when I was at Gillette and they were idiots then and apparently didn’t learn much in over the years.


12 posted on 10/31/2012 6:45:04 AM PDT by GOPsterinMA (The Glove don't fit, but it's better than a burqa.)
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To: sickoflibs; Sir Napsalot; ding_dong_daddy_from_dumas; DoughtyOne; Gilbo_3; Impy; ...

” $250M/400 jobs = $625,000 per job. As Obama says ‘we are moving forward’.”

This is a good F’n deal !


13 posted on 10/31/2012 9:21:27 AM PDT by stephenjohnbanker ((God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.))
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To: stephenjohnbanker; GOPsterinMA; csmusaret; bert; NFHale; ding_dong_daddy_from_dumas; DoughtyOne; ...
RE ” $250M/400 jobs = $625,000 per job. As Obama says ‘we are moving forward’.”
......
This is a good F’n deal !

I think Obama would *spend* way more borrowed than that per job to get re-elected. He says that when it comes to voters he needs, OOPPPS I mean the middle class , money IS NO Object. We can tax the bejesus out of *the rich* after the election.

14 posted on 10/31/2012 12:47:15 PM PDT by sickoflibs (Romney is still a liberal. Just watch him. (Obama-ney Care ))
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To: sickoflibs; GOPsterinMA; csmusaret; bert; NFHale; ding_dong_daddy_from_dumas; DoughtyOne

If you include bankruptcies, the cost per job must be over one million.


15 posted on 11/01/2012 9:27:51 AM PDT by stephenjohnbanker ((God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.))
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To: stephenjohnbanker; All

Great point!!!


16 posted on 11/01/2012 10:08:22 AM PDT by GOPsterinMA (The Glove don't fit, but it's better than a burqa.)
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