This website is a member of Liberty Alliance, which has been named as an company.

Good News: Tax Dollars Used to Pay “Stimulus” Recipients to Watch Movies, Play Cards

Friday, February 15, 2013

Print Friendly and PDF
stimulus

The president is asking Congress to approve another unpaid-for “stimulus” package, supposedly designed to execute all of the urgent infrastructure projects that his previous $825 billion effort somehow failed to accomplish (ba-dum-bum). Since we’re on the subject, let’s check in on Stimulus 1.0, shall we? From the Wall Street Journal:

The Obama administration’s electric car efforts took another hit on Wednesday after a federal inspection found a South Korean advanced battery maker never scaled up U.S. production despite receiving $142 million in federal grants. A Holland, Mich., factory owned by LG Chem Ltd., part of LG Corp., was half-funded by a government grant and estimated to add some 440 jobs building battery cells for General Motors Co.’s Chevrolet Volt and other vehicles. When demand for the plant’s batteries didn’t meet expectations, the company filled orders with cells made at a factory in South Korea, leaving the Michigan plant largely idle, according to the report by the Department of Energy’s Inspector General, Gregory Friedman. LG Chem said in a statement that production delays at the Michigan facility were “market-driven,” adding that it is “developing specific plans for the start of production.” The company said it regretted that it applied for reimbursement for “employment costs that were not allowed” under its U.S. grant.

Post Continues on townhall.com

Print Friendly and PDF
Posting Policy
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse. Read more.