To Dumbo the Clown: “You don’t pick winners and losers, you pick losers.”
EXCERPT: “A123 Systems Inc. (AONE), the electric car battery maker that received a $249 million federal grant, filed for bankruptcy protection after failing to make a debt payment that was due yesterday. The filing may fuel further political debate over government financing of alternative-energy and transportation businesses. Federal grants and loans to companies including A123, Fisker Automotive Inc. and Tesla Motors Inc. have drawn scrutiny from congressional Republicans following the September 2011 bankruptcy filing of solar-panel maker Solyndra LLC two years after it received a $535 million loan guarantee from the U.S. Energy Department.”
Romney was exactly right. An epic failure who uses other people’s money to finance his cronies.
The Gunny bets that any checking behind the scenes will reveal that A123 Systems President/Ceo, officers, etc, were Obama donors.
Five minutes later, the Gunny checks Open Secrets and finds, drum roll please…….
The President/CEO, David Vieau donated $2,300 to Dumbo on 10/16/2008.
Andrea Pyenson (possibly married to the VP/General Counsel) donated a total of $700.00 to Dumbo in 2008/2012.
The VP/Gen Mgr Robert Johnson gave $2,000 to Dumbo in 2008/2012.
FOLLOW THE MONEY!