Posted By RichC on October 16, 2012
A123 was one of the Obama Administrations’ handpicked companies to be given a handout … free money … and took nearly $250 million taxpayer dollars in government grants to produce electric car batteries.
"You don’t just pick the winners and losers, you pick the losers."
— Mitt Romney
Surprise, surprise … instead of letting the capital market find the best technologies and industries, a non-business anti-business president somehow thought his handpicked cronies could centralize capitalism. When will we learn … America was created by unleashing the power of competition and ingenuity. When that is usurped, we are no better than communist and socialist countries offering a far lower standard of living than the U.S. … not to mention the loss of liberty. Wake up America … let’s dictate business decisions from Washington DC.