Skip to comments.Obama Motors Chrysler and UAW “electric car” fraud conned us out of $12.5B; where’s the arrests?
Posted on 11/19/2009 6:04:44 AM PST by jmaroneps37
Last winter when Chrysler was groveling and crying about having to go bankrupt the Obama Administration took control of the company and struck a deal to justify putting $12.5 B of our tax money in its bank accounts. Chrysler promised it would produce a 500,000 vehicle fleet of practical electric cars in just four model years!
Chrysler was merely the United Auto Workers bagman. Chrysler got our money then funneled it to the very unions that are killing the American auto industry.
Last week these thieves quietly announced the end of the electric car scam which they knew was a fake promise to begin with. The governments money has run out so theres no need to keep up the charade.
One more sting
Make no mistake, the greed of this bunch knows no boundaries; they have no shame. In August Obama Motors Chrysler Division (OMCD) and the UAW conned another 70 million dollars out of the rubes at the Department of Energy. Knowing it was all fake they promised a prototype fleet of 220 hybrid vehicles!
The UAW and OMCD have defrauded us and somebody HAS to go to prison for this con job!
This bunch stole 12.5 billion dollars of our tax money and we have to demand some answers! This was nothing more than theft by fraud. We cant just shrug and let this go. Weve been victimized by UAW thugs and smooth Chicago gangsters.
This was a con game to deliver cash to the UWA. While the rest of America suffered union families stayed fat and happy on our money. Someone has to investigate and find out where this money went and specifically who stole it. People have to go to prison because of this fraud.
Obama greased his union pals with our money its criminal!
(Excerpt) Read more at collinsreport.net ...
Years ago, in Boston, someone, in Government, said to me: you think this is all for real, don’t you?
The best fighter on the planet is the F-22. It can outfly and outfight any other aircraft on the planet, but we can’t afford them.
Obama threw away $12 Billion; this would have purchased 83 of the F-22’s, and each of these babies cost around $143 Million.
So far, just counting the money that Obama has mis-managed, the amount of fraud has cost over TWICE what the entire F-22 program cost. And not a single conviction, not a single charge - it staggers the mind.
Who will address this fraud? Who will investigate and report it? It has to be a well heeled person or influential group to go against the DEMS and UAW.
We are already bankrupt.
It’s impossible to break any laws when the lawmakers can just rewrite them at will.
I know one thing for sure.
The money will keep flowing until at least November 2012.
Its impossible to break any laws when the lawmakers can just rewrite them at will.
Kick them all out and start over. Term limits for these people. Washington makes me sick to my stomach. The little weasels don’t have a clue what’s going on in America they are only worried about their careers. We need to end their careers as soon as possible. Change government in 2010!!!
Perhaps a few bold Republicans and the conservative media will attempt to address this fraud, but Democrats and the UAW will offer lame excuses that will immediately be accepted by the MSM. It will then be time to move on to more important matters like what Obama had for lunch.
Whew! Thanks for the good laugh first thing in the morning.
Republicans DOING something? That wouldn't be "bipartisan" enough, now would it?
Anyone know if they have started working on all that fraud yet?
Paging Glenn Beck. Paging Glenn Beck. Please pick up the white courtesy phone. Paging Glenn Beck.
Who will protect us from our protectors? Crickets-chirping republican co-conspirators? We have been had by this good-statist/bad-statist con game for far too long.
The list, ping
lying union whores.
Chrysler’s ENVI Electric Vehicle Program Cancelled
At somepoint even the most liberal fool in states like MA, & CT will be pissed to see how they have been pwned, especially when the dance is up....
Four major manufacturers of batteries for hybrid and electric cars are investing more than $1.7 billion to build new manufacturing plants in Michigan.
The companies A123Systems, Johnson Controls, LG Chem-Compact Power and KD Advanced Battery Group secured the tax credits to build the facilities, which could create 6,700 jobs for a state economy that is intertwined with the fortunes of the struggling American automakers. As those companies focus on producing more fuel-efficient vehicles, Michigan is positioning itself to become the advanced battery capital of the world, Michigan Governor Jennifer M. Granholm said in a statement on Tuesday.
Today marks a defining moment for Michigans future as we see a new industry begin to take root and grow new jobs, she said.
Gov. Granholm signed legislation in January for $335 million in refundable tax credits to bring battery developers to Michigan. Last week, she boosted those incentives up to $555 million, putting Michigan in contention for up to $2 billion in federal advanced-battery development grants, according to a statement issued by the governors office.
Based on the recommendations of the Michigan Economic Development Corp. (MEDC), the Michigan Economic Growth Authority (MEGA) approved a total of $543.5 million in tax credits for the battery companies expansions.
A123Systems has secured $125.2 million in tax breaks in order to open a new production plant in Livonia, MI. The Massachusetts-based developer of lithium-ion batteries is investing $600 million in the new facility, which is expected to create more than 5,000 new jobs.
We expect that our planned new facilities in Michigan will serve as a global product center, powering a new generation of cleaner, more fuel efficient cars and trucks, said David Vieau, president and chief executive officer of A123.
"The company recently partnered with Chrysler to supply battery cells and systems for the car manufacturers forthcoming ENVI line of electric cars. A123 has also been commissioned to produce battery cells for Shanghai Automotive Industry Corp. (SAIC), the maker of Chinas first hybrid electric vehicle.
A123 already received $10 million from the state in November, for the purpose of creating a research and development center focused on batteries for the automobile, defense and alternative energy industries. The R&D institution will be based in the new Livonia facility, performing research projects with the University of Michigan and Michigan State University.
Milwaukee-based Johnson Controls - Saft Advanced Power Solutions (JCS) plans to invest $220 million to construct its first U.S. cell manufacturing facility for lithium-ion batteries for hybrid and electric vehicles, potentially creating 498 new jobs. The battery supplier intends to build on one of its existing sites in Holland, MI.
JCS will receive $148.5 million from MEGA. The company said in a press release that it also plans to apply for a grant through the federal American Recovery and Reinvestment Act (AARA) next month.
JCS has been contracted to produce lithium-ion batteries for Fords first plug-in hybrid electric vehicle, due to debut in 2012. JCS is also developing batteries for BMWs and Azure Dynamics hybrid lines, which will each be available in 2010.
Korean chemical company LG Chem, in partnership with its U.S. subsidiary Compact Power and General Motors (GM), plans to invest $200 million in a new manufacturing facility, creating a projected 300 new jobs. The company is receiving $125.2 million from the state.
LGC-CPI is the battery supplier for GMs Chevrolet Volt, which aims to be the first mass-produced extended-range electric vehicle. The Volt is scheduled to make its debut in 2010.
KD Advanced Battery Group (KD), a composite of The Dow Chemical Co., Kokam America Inc. and Townsend Ventures LLC, is making the largest capital investment, with a $665 million, 800,000-square-foot manufacturing plant. The joint venture formed for the sole purpose of building and operating the facility, which will produce its patented Superior Lithium Polymer Battery and would likely employ about 885 people.
KD was approved for $144.6 million in tax credits by MEGA.
The state of Michigan is facilitating growth to address critical needs: sustainable technologies and manufacturing prowess, all at an equally critical time, said Heinz Haller, executive vice president, Performance Products, The Dow Chemical Co. http://www.costar.com/News/Article.aspx?id=B7F34F063835EBD28A47DA19E66308F9