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:
Advertisement - story continues below
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.
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.
Advertisement - story continues below
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?
The Gateway Pundit is moving back to Disqus! All of your account information and comment history has been saved and will be uploaded as quickly as possible to Disqus. If you do not already have a Disqus account, you will need to create one. Please use the same email address that you used for Insticator for your comment history to be carried over. We greatly appreciate your patience and continued support!