Friday, January 27, 2012

ANOTHER OBAMA-BACKED GREEN COMPANY GOES BELLY UP

From ABC News:
The parent company of an electric car battery maker that received more than $100 million in government funding from the Obama administration has filed for bankruptcy protection, the company announced Thursday.

[...]

EnerDel, a subsidiary of Ener1 dedicated to making batteries for electric cars, was awarded a $118 million grant from the Energy Department in 2009 as part of President Obama's economic stimulus package and green energy push...
More fleecing of the American taxpayer at a time when our economy is in dire straits.

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