Battery maker A123 got U.S. funds as it sought bankruptcy

Comments (8)
Alpha_Blogger wrote:

A123 receives grants from Obama, receives government contracts and they still can’t make a profit? The owners of this company need to return to community organizing.

Nov 16, 2012 12:57pm EST  --  Report as abuse

The government has picked winners and losers over the years. The military business industry is full of government bailouts. The bailouts are just not called bailouts.

Nov 16, 2012 1:00pm EST  --  Report as abuse
moneywon wrote:

They could always take a lesson from conservatives (a al Trump) and defraud the government after the fact by declaring bankruptcy and handing taxpayers their debts? Let’s be serious, the Right has blown that million many times over in advertising one failed business with no comparative analysis.

Nov 16, 2012 1:20pm EST  --  Report as abuse
sjfella wrote:

Until politicians are forced to spend their own money on this nonsense they’ll never get it.

Nov 16, 2012 2:01pm EST  --  Report as abuse
USA4 wrote:

Politicians are not investors. When they try to pretend to be investors, taxpayers lose. The sad thing is the liberal establishment that doesn’t see this even though it happens over and over…

Nov 16, 2012 5:13pm EST  --  Report as abuse
AlkalineState wrote:

Halliburton received U.S. funds as it moved to Dubai in order to operate like an Iranian hedge fund. Who cares?

Nov 16, 2012 5:13pm EST  --  Report as abuse
steveorlando wrote:

and yet billions go to military and government contractors like clockwork that dont deliver on their contracts.. seems like a political ploy of misdirection.. dont look over there at those big companies.. there’s nothing to see there.. lets look at this small company that represents fraction of a percent and act like its the biggest waste…

Nov 17, 2012 6:01pm EST  --  Report as abuse
brotherkenny4 wrote:

Grassley is from Iowa and Thune from South Dakota. So basically the lands of ethanol and the bakken formation. Their interest is in promoting their states resources and that is fine. However, we need to realise that and discount much of what they say as simple parochialism. Some added perspective includes the fact that the republicans would like anything Obama does to fail, whether it’s good for the country or not, and that they (the republicans and their bosses, the fossil fuel industry) would like batteries to fail. That is because batteries enable renewables and present a real threat to the fossil industry. Another bit of perspective is this, the feds under the ARRA (recovery act) have a higher success percentage than Bain Capital. Yes, that is correct, the government is better at picking winners than Bain.

There is a lot of half-truth designed to confuse and manipulate those that don’t understand in what Grassley and Thune say. While they might not specifically give wrong information, they suggest dishonestly that certain events look inappropriate. Which is not the case. However, by implication they suggest wrong doing or failure. To me that is lying, when your intent is to mislead. But hey, don’t worry, the lawyers will protect them. Oh yah, that’s right, they are lawyers. Well, I guess we need to trust the lawyers.

Nov 19, 2012 9:49am EST  --  Report as abuse
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