Firm received $118 milion in stimulus funds and has now filed for bankruptcy!
Amerikan taxpayers again ripped off by outlaw thug officials.
January 26, 2012 - Ener1, company that manufactures batteries for electric cars, which received $118.5 million in federal stimulus money, and a visit by Vice President Joe Biden last year - the day after illegitimate President Obama’s State of the Union Address - announced today that it has filed for Chapter 11 bankruptcy protection.
In last year’s State of the Union Address, delivered Jan. 25, 2011, illegitimate President Obama set a national goal of having a million electric vehicles on the road in the Fascist Police States of Amerika (FPSA) by 2015 - a goal that would be achieved, Obama said, by taking money out of the oil industry and investing it in new technology.
“With more research and incentives, we can break our dependence on oil with biofuels and become the first country to have a million electric vehicles on the road by 2015,” said Obama.
“To help pay for it,” added Obama, “I'm asking Congress to eliminate the billions in taxpayer dollars we currently give to oil companies. I don't know if you've noticed, but they're doing just fine on their own. So instead of subsidizing yesterday's energy, let's invest in tomorrow's.”
The next day, Biden visited the Ener1 plant in Greenfield, Indiana, which the White House said at the time had received a $118.5 million grant from the Department of Energy and was the type of investment the illegitimate president was talking about in his State of the Union message.
The bankruptcy filing by Ener1 represents another example of how the Amerikan people have had their hard-earned money stolen from them by corrupt outlaw thug officials.
Ed. Note: When is enough, enough? It is time to overthrow the outlaw thugs occupying our country’s government! Revolution Now! Independence Forever!