Below is a picture of former Michigan Governor Jennifer Granholm in October of 2010 announcing the plant opening of Michigan A123, a company that until a few days ago was making plug-in batteries for electric vehicles:
As if we don’t have enough examples of the Obama administration’s “green jobs” failures, this is another “green” firm which has been gambled away with our tax dollars. Michigan A123 was opened on the promise of hope, innovation and the creation of thousands of jobs and funded with a $250 million check signed by the American taxpayers. Now, in an all-too-familiar tale, the factory that President Obama called a “milestone” has closed its doors and laid off its workers.
Obama’s repeated failed attempts at influencing the marketplace have been the subject of sharp criticism from Mitt Romney:
Solyndra, Ener1, Tesla, and Fisker were all losers, Romney said. The first two – a solar-panel maker that won a $535 million federal loan guarantee and a car-battery company that got up to $118 million – went bankrupt.
Now add A123 to the list. It’s the same old song and dance of millions in taxpayer dollars wasted on failed government attempts to dictate the future of the energy market. Another loss, just another broken promise or both? President Obama heralded the creation of jobs, new industry and a bright future. At a 2010 event Obama spoke via phone hookup with workers and managers at the plant, video below:
‘This is about the birth of an entire new industry in America – an industry that’s going to be central to the next generation of cars. When folks lift up their hoods on the cars of the future, I want them to see engines and batteries that are stamped: “Made in America.” —Barack Obama, October 2010
And Governor Granholm states in the vid:
One year, 16 companies, including A123 that are going to create 63,000 jobs in Michigan over the next decade in this sector. [snip] Michigan now becomes the advanced battery capital of North America.
Even Senator Carl Levin (D-MI) pipes in:
Hundreds of employees today, thousands of employees by next year.
Added to the list of praisers were Energy Secretary Steven Chu and Michigan Senator Debbie Stabenow (D).
The plant, which made lithium ion batteries for hybrids and all-electric cars has the intention of attempting to sell the company to Johnson Controls. If GM and all the other Obama examples of “failed” companies are any indication, it’s highly doubtful the taxpayers will get any of their expended funds returned.