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Solargate: A123 received $250 million in stimulus money, files for bankruptcy

October 16, 2012

 Stop me is you’ve heard this one before (and you have 12 times before according to this article) but another green energy company which received stimulus money, A123, has filed for bankruptcy. A123 was awarded a $250 million federal grant under Barack Obama’s green energy initiative and today the company announced it was not enough to keep them afloat any longer.

  We can now add A123 to an ever growing list of green energy companies which received stimulus money which have either already filed with a San Diego bankruptcy lawyer or are in serious trouble; that list includes, but is not limited to, Solyndra, Solar Trust, SoloPower, Enir1, BrightSource, Abengoa, SunPower, LightSquared, Tesla, Fisker, and Beacon Power, I recommend to check nvfirm.com if you want to get to know about ch 7 bankruptcy and it works. All of these companies have ties to either Democrat donors or Democrat operatives. Many of those dealing with money issues hire a lawyer to make sure the process is taken care of.

According to the recent report by a Milwaukee bankruptcy attorney about what Mitt Romney said during the last debate when he told Barack Obama, “you don’t pick winners and losers, you pick losers.” He was 100% right and at this point it can no longer be written off as simply bad investments or decisions because there are simply too many for Barack Obama not to have known the risks associated with these companies. Yet he pushed forward with these investments for  ideological and political reasons, hoping and praying they would pay off in the long term. (Both for his agenda and for the Democrats who hoped to profit from these decisions.)

  Barack Obama put his heart–and Democrat donors–ahead of his head, the information he had available, and the taxpayers. He let his vision cloud his judgement and now we are all going to pay the price.

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17 Comments leave one →
  1. October 16, 2012 8:08 pm

    I hope Romney gets another chance to hammer Obama on helping his buddies and socializing the loses. Besides, I read the other day that a well know British researce center has reported that global warming ended sixteen years ago. All these high cost energy projects were never needed in the first place.

    Like

    • October 16, 2012 8:13 pm

      I read that about global warming as well, I hope Romney has the chance to nail Obama on this and I think he will.

      Like

  2. October 16, 2012 8:10 pm

    Guaranteed nobody in the Hofstra audience gives a shit. The so called undecided voters at tonight’s candyfest concerns will prove to be whether or not Obama has the stamina to spend another four years continuing his stellar economic policies. If any of these dopes knew their ass from a hole in the ground they would be lining up at the polls to vote this anti-american back to the communities he has helped to continue their institutionalized inter-generational dependency that is moving blob-like through Chi-town and every other urban area both large and small. Blown stimulus, usurping of freedoms, unelected czars and review boards, taxpayer funded automaker unions, joblessness, undeclared inflation, runaway spending, in a non-bizarro world these would be poinant issues but here in the land of the great unwashed it is hard to find even 50% of the people who see the sky waiting to fall in. $250,000,000, a mere bag of shells, chicken feed.

    Like

    • October 16, 2012 8:15 pm

      There is no doubt in my mind the deck will be stacked against Romney tonight and while the people in the crowd might not care about this Romney still has to drive the point home for the people sitting at home.

      Like

      • October 16, 2012 8:31 pm

        Why is it that we know about the stacked deck and yet the GOP elites agree to such an abdominable (no pun intended) set up? A rhetorical question since we keep asking it over and over.

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      • October 17, 2012 5:57 am

        I don’t know why it is. Perhaps they are afraid to be called out by Democrats if they do not agree to the debates. It never works the onther way around, no Dems would catch hell for not doing a debate on Fox.

        Like

  3. October 16, 2012 10:49 pm

    Just think about this $250 million… You could give $750,000.00 to every American for that amount!

    Like

    • October 17, 2012 5:58 am

      I never thought of if that way before, but I like that plan quite a bit more. 🙂

      Like

    • Anonymous permalink
      November 2, 2012 5:21 pm

      Try .85 cents each.

      Like

  4. MaddMedic permalink
    October 16, 2012 11:00 pm

    Reblogged this on Freedom Is Just Another Word….

    Like

    • October 17, 2012 5:58 am

      Thank you.

      Like

  5. October 17, 2012 12:58 am

    12? That idiot Goolsbee was on tonight and said..one. Just one failed green company.

    Like

    • October 17, 2012 5:59 am

      Obama continues to lie about the magnitude of this scandal. He insists that Solyndra was one bad investment while they overall portfolio is good and that is an outright lie.

      Like

  6. bunkerville permalink
    October 17, 2012 10:20 am

    Looking to see what the polls have to say about last nights debate. We may be pleasantly surprised.

    Like

    • October 17, 2012 12:54 pm

      Fox and MSNBC both had focus groups and both groups swung towards Romney, that is a good sign in spite of what the media might tell us.

      Like

  7. Sonny permalink
    October 19, 2012 8:16 pm

    More outstanding waste of our tax money, just reported, the chevy volt battery plant, was never used. 500million, down the tubes as workers, with no work to do sit around and play cards…

    Like

    • October 20, 2012 10:02 pm

      What a great plan Obama has!

      Like

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