A123 Systems Wants to Pay Bonuses to Top Executives
October 22, 2012
A123 Systems Inc., the electric car battery maker that filed for Chapter 11 last week after receiving nearly $250 million in government grants, wants to pay more than $4 million in bonuses to a handful of top executives. …
h/t to Dave G
I heard that the Obama Green scams are up to $80b in lost tax payer money so far. Any wonder the US deficits have been over $1t every year he has been in office?
Think of all the CO2 emitted by trying to set up a business, just to see it fail. I can do better. Give me just $125 million, and I promise not to pollute Gaia by building a business that will just fold anyway. I’ll earn that bonus! 😉
I am a supporter of sensible alternative energy and efficient and clean use of conventional fuel sources. My home was solar powered for over 10 years at one point. However, IMO Obama has done immeasurable damage in just four years essentially crippling the credibility and adoption of alternatives.
With just the money lost in this single boondoggle, the Federal government could have provided 2 million dollars to ever single household in the United States specifically to retrofit alternative production means in homes (solar panels on roofs, wind generators) with meters that direct extra electricity production back into the grid. The money could also have been directed to be used to defray costs for improvements in the efficiency of appliances, re-insulating, low energy windows, groundwater heated floors, reflective roofing in urban environments to offset UHI etc etc… You name it.
With stimulus provided to energy consumers rather than producers in this fashion, it would have spawned economic enthusiasm in the energy sector overnight. We would see whole industries gear up from construction to manufacturing to compete for a piece of the pie. Instead, we have Obama’s recession, people out of work, and billions of wasted dollars on failed energy projects and we taxpayers get the bill. Obama should have been impeached for Solyndra alone.
I can’t put my disappointment and anger into words.
Ock