Battery maker that received stimulus money could be sold to Chinese company

Steven Mufson ^ | 12/5/12 | WaPo

[Nachum]

A bankrupt battery manufacturer that was a cornerstone of President Obama’s effort to make the United States a global leader in clean energy technology could end up in the hands of a Chinese company when it goes on the auction block Thursday. Congressional Republicans call the company, A123 Systems, which received $133 million in federal stimulus grants, a textbook case of how the Obama administration wasted taxpayer money trying to nurture new industries. Administration officials say the stimulus money was used to build a new manufacturing facility in Michigan

[Nachum]

The list, Ping

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[Nachum]

The list, Ping

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[Tilted Irish Kilt]

Send the plant to Detroit so that JoAAnne Watson , Detroit city councilwoman , can earn her $73,500 salary for doing something , while paying $68.oo per year in property taxes.

Dang ! That $68.00 dollars per year has to hurt T /sarc

[DTogo]

Ah, the days when GE used to tout it’s investment in A123...

[jimsin]

123 SYTEMS....? CHNEESE STEAL THE SIDE OF PORK..... THE FIRST THING YOU KNOW THEY'LL RUN THE PLACE SO RIGHT THAT THE USE R AND D THERE TO DEVELOP A BATTERY SUITABLE FOR SOME SWELL NEW ICBM AND OR DRONE GUIDANCE SYTEMS..... CONFUCIOUS SAY... "DONALD TRUMP-SAN RIGHT...LIB/ROUND-EYES ONE STUPID OUTFIT..."

[Arrowhead1952]

Congressional Republicans call the company, A123 Systems, which received $133 million in federal stimulus grants, a textbook case of how the Obama administration wasted taxpayer money trying to nurture new industries.

Congressional Republicans call the company, ..... a textbook case of how the Obama administration used taxpayer money to donate cash to the o bummer reelection campaign. A123 battery already has facilities in China, so 0 bummer is outsourcing jobs to China.

[dalebert]

china is doing quite well with stimulas