GREEN SCAM: A123 Systems Considers Bankruptcy – Received $249 Million in Obama Money

Another day – Another failed Obama green energy venture.
A123 Systems has defaulted on several of its loans. Today it went bankrupt. The battery company received $249 million in Obama grants. Thanks Barack.

80% of Green Energy loans went to Obama donors.
At least 19 of these green energy companies went bust.

1. 

   #1 October 16, 2012 at 9:18 am

   iamsaved commented:

   The spending by Obama won’t end after the election when he loses. Remember, he’s like a federal prisoner who is serving a life sentence, we’ll be paying his bills for many years to come. The Obama’s will revel in a luxurious lifestyle all on the taxpayer’s dime even though he’ll be raking in millions from books, speeches and tv commercials. This guy is one of the biggest cases of fraud, waste and abuse I’ve ever seen or heard of.

2. 

   #2 October 16, 2012 at 9:22 am

   mg4us commented:

   What is a five letter word for crony capitalism? O-B-A-M-A

   What is a five letter word for failure? O-B-A-M-A

   Seems whatever Obama touches has the anti-Midas effect. .instead of turning to gold it goes bust!

   NObama in NOvember!

3. 

   #3 October 16, 2012 at 9:31 am

   Larkin commented:

   When the Repubs take control, I want to see some investigations as to where all this green money has gone…cause it sure hasn’t created jobs.

   I guar-on-tee that much of it has gone to overseas bank accounts.

   AND, I’ll wager that a good bit of it will go to keeping the obamas in their lavish lifestyle for the rest of their lives.

4. 

   #4 October 16, 2012 at 9:33 am

   BarbaraS commented:

   It was a scam. A scam from day one. It was a money laundering scheme to finance part of the $800 million obama collected in 2008. The part that wasn’t foreign donations. Lend millions or billions to friends and donors to start up iffy industries and they will kick back part of that money to your campaign. Who knows what obama has promised his donors this time around Isn’t it a sad state of affairs that a president can not only give his donors and cronies cushy jobs at our expense (which has gone on from the beginning) but can also loot the treasury and destroy the wealth of our nation. Presidents and almost all members of congress don’t care about the people until it is election time and then they do their best snow job.

5. 

   #5 October 16, 2012 at 9:43 am

   Look-Out commented:

   One more to add to the list of LOSERS this failed potus has wasted our money on. A list I hope Romney clearly shares with voters tonight at the debate. Name the companies. Name the wasted tax dollars. And if GM is brought up again, mention how it ended up in bankruptcy, just as Romney had suggested, but only after Obama FIRST WASTED tons of our tax dollars on them.

6. 

   #6 October 16, 2012 at 9:43 am

   ponderon commented:

   http://thenewamerican.com/usnews/constitution/item/13196-another-obama-executive-order-allows-seizure-of-americans%E2%80%99-bank-accounts……….When the commies can’t print or borrow any more money,they will come for our bank-accounts……..

7. 

   #7 October 16, 2012 at 10:23 am

   valerie commented:

   Hillbuzz has some other questions on the economy for Obama.

   http://hillbuzz.org/not-a-commercial-should-be-one-22416

8. 

   #8 October 16, 2012 at 1:46 pm

   USMC Thomas commented:

   SØBama’s government investments in “green” have resulted in more job losses than Bain Capital.

9. 

   #9 October 16, 2012 at 2:11 pm

   bg commented:

   ++

   ht Matt Kibbe

   I’ve been saying for a while that the government shouldn’t be in the
   business of picking winners and losers. However, I agree with Mitt
   Romney, the government seems to only be picking losers! Check
   out this list of now BANKRUPT companies that received stimulus
   funding:

   Amonix Solar – $21.5 Million
   Solar Trust of America – $2.1 Billion
   Solyndra – $520 Million
   Beacon Power – $43 million
   Abound Solar – $63 Million
   Ener1 – $118.5 Million
   Raser Technologies – $33 Million

   There are countless more examples, but continuing to support bankrupt
   companies will undoubtedly lead us closer to total economic collapse.
   Like and share if you agree that it’s time to get the government out of
   the market and back within the constraints of the Constitution!

   ==

10. 

    #10 October 16, 2012 at 2:13 pm

    bg commented:

    ++

    Coal miners against Obama

    ==

11. 

    #11 October 16, 2012 at 3:53 pm

    Blackbird commented:

    I want a RICO investigation into the “Green Industry” investments Obama and Chu made so bad I can almost taste it. Follow the money laundering down every rat hole and I guarantee it would break the Democrat Party forever. We might have to build a few new prisons to house them all, but THAT would be a good investment of public funds with an outstanding return.