Recently Discovered Video Shows Obama & Dems Praising Failed Green Energy Company

A previously unseen video has surfaced showing Barack Obama and Michigan democrats praising another of his failed green energy companies.

Of course, Jennifer Granholm, the former failed Michigan governor, leads off the video.

Michigan Capitol Confidential reported:

A virtually unseen video has surfaced that highlights the high-powered political rhetoric and unrealized promises put forth by President Barack Obama and Michigan’s top Democratic politicians regarding the heavily subsidized and now-troubled A123 Systems battery manufacturer.

The video, which had just over 600 views since it was posted in Oct. 2010 on Youtube, has Obama, U.S. Secretary of Energy Steven Chu, former Michigan Gov. Jennifer Granholm and U.S. Senators Carl Levin and Debbie Stabenow singing the praises of the now-troubled advanced battery manufacturer A123 Systems.

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A123 Systems, which opened its lithium-ion battery manufacturing plant in Livonia in September 2010, saw its stock plummet to the lowest price ever at 82 cents this week. The previous high was nearly $26.

A class action lawsuit was filed against A123 Systems this week on behalf of shareholders  alleging a violation of federal security laws.

In 2010 Barack Obama hailed the opening of the Michigan A123 Plant that makes a $33,000 car battery.
And, you wonder why the company is failing?