Skip to comments.Taxpayer-Backed Electric Car Company Closes U.S. Factory
Posted on 04/10/2014 8:47:32 AM PDT by Cheerio
Critics of Democrats calling for additional subsidies for electric vehicles are pointing to the financial troubles of one stimulus-backed car producer that just announced it is closing its U.S. plant.
Missouri-based Smith Electric Vehicles said this week that it is suspending operations in the United States due to a tight cash-flow situation.
Its financial troubles came despite nearly $30 million in funds from the Department of Energy (DOE) granted to the company through President Barack Obamas 2009 stimulus package.
(Excerpt) Read more at freebeacon.com ...
Is there a list of Obamas “green” failures and how much they’ve cost us?
Never should have been opened in the first place.
That's not how this will be portrayed.
We have one success case, Tesla; which will forever prove their point.
Just look at the debt , Obama has caused about 7 Trillion of that debt. And he is still creating more Debt.
pickers and choosers
“nearly $30 million in funds from the Department of Energy (DOE) granted to the company through President Barack Obamas 2009 stimulus package.”
Mission accomplished.obama gave them 30 million and they gave him 25 million back.
You must allocate the money before you can steal the money.
I couldn’t print what I’d like to say about the current
“Commander in Chief” and his Pitiful administration.
God help the USA
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