1/4 billion government funded green technology company goes bankrupt

[Anonymous]

Why doesn't obama talk about green collar jobs anymore?

http://www.bloomberg.com/news/2012-10-16/electric-car-battery-maker-a123-systems-files-bankruptcy.html

[jsteele]

Funding for this company started under Bush. But, of course it's all Obama's fault.

[Anonymous]

jsteele wrote:Funding for this company started under Bush. But, of course it's all Obama's fault.

The company received a $249 million Department of Energy grant three years ago with high hopes that it would help foster a U.S. battery industry. At the time, the country was far behind the world leaders, Korea and China.

http://www.google.com/hostednews/ap/article/ALeqM5hmY_CO-lqhHjo4OgDuzv5bZnBsWw?docId=3f2e2787ac3f478ab96f9fb2b7fac279

[jsteele]

Anonymous wrote:

jsteele wrote:Funding for this company started under Bush. But, of course it's all Obama's fault.

The company received a $249 million Department of Energy grant three years ago with high hopes that it would help foster a U.S. battery industry. At the time, the country was far behind the world leaders, Korea and China.

http://www.google.com/hostednews/ap/article/ALeqM5hmY_CO-lqhHjo4OgDuzv5bZnBsWw?docId=3f2e2787ac3f478ab96f9fb2b7fac279

True, but the company received an earlier DOE grant during the Bush Administration. So, again, this is obviously all Obama's fault.

[Anonymous]

Correct, but, come on, there is a big difference between one President awarding a DOE grant and another attempting to create green jobs in order to fulfill his Presidential platform and falling short. Obama supported green jobs. Investors benefitted and we got high carbon-footprint jobs in Detroit instead. Please.

[Anonymous]

Where are the government funded green technology successes