Wednesday, October 31, 2012

It's too bad we haven't had a drunken sailor as President for the past 4 years

Because even a drunken sailor would not have gone through and wasted so much tax payers' money as our current mathematically challenged President has. And here is another example:
Battery maker A123 Systems vowed thousands of new jobs when it received a nearly quarter-billion-dollar stimulus grant in late 2009, but federal job-tracking figures show only a few hundred positions were created before the company joined a growing list of federally backed energy businesses that ended in bankruptcy.
The latest quarterly report on file with a federal stimulus tracking database shows just seven positions created through the grant from April to June this year. Previous quarters’ job reports contained anywhere from a handful of positions created to more than 100 new jobs. 
But even when the quarterly reports are combined, a total of 408 new positions were reported under the stimulus program since 2009, amounting to more than $300,000 spent for each new job reported.
Read the rest HERE.

A123 is just one of many of team Obama's lack of success stories. As many as 50 Obama-backed green energy companies bankrupt or troubled.



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