Friday, August 10, 2012

Another Obameconomy Success Story...

While Mitt Romney was out giving cancer to people, Obama's green economic miracle keeps rolling right along.

Or not.

After federal grant, US battery-maker taken over by Chinese firm
A company that two years ago was one of the most promising U.S. innovators in the clean-fuel auto industry was rescued from collapse Wednesday. Its buyer: A Chinese auto-parts company.

Wanxiang Group Corp., one of China's biggest parts makers, offered a $450 million lifeline to A123 Systems Inc., a maker of advanced batteries for electric vehicles that received U.S.-government backing. The deal would put the firm's lithium-ion technology and its U.S.-funded manufacturing plant into the hands of a company that has slowly acquired a passel of auto assets across the Midwest.
Yeah, that green thing's a real winner, isn't it? Solyandra, Beacon Power, Konarka; all of these "green" companies got big fat government checks - and then went teats up. I'm wondering what it would take for a "green" company to actually survive these days - obviously throwing billions of dollars at them doesn't cut it. Why, it's almost like they're trying to sell a product that not enough people want!

Just wait until Obama's second term and electric cars become mandatory...

That is all.

Another dispatch from...
(image courtesy of Robb Allen)

2 comments:

notDilbert said...

Another Fisker just experinced a catstophic loss of all it's Lucas electric smoke. I sense a trend.

http://jalopnik.com/5933859/exclusive-fisker-karma-hybrid-sets-itself-on-fire-and-burns-while-owner-gets-groceries

"Manditory Electic Cars...."

Sounds like just another scheme to pump up the membership in the Firefighters Unions.....

notDilbert said...

Another Fisker just experinced a catstophic loss of all it's Lucas electric smoke. I sense a trend.

http://jalopnik.com/5933859/exclusive-fisker-karma-hybrid-sets-itself-on-fire-and-burns-while-owner-gets-groceries

"Manditory Electic Cars...."

Sounds like just another scheme to pump up the membership in the Firefighters Unions.....