http://www.bloomberg.com/news/2012-10-16/electric-car-battery-maker-a123-systems-files-bankruptcy.html?cmpid=yhooA123 Systems Inc., a maker of rechargeable lithium-ion batteries for electric cars, filed for bankruptcy after failing to make a debt payment that was due yesterday.* WAIT FOR IT... WAIT FOR IT...(*DRUM ROLL*)A123, which received a $249.1 million federal grant in 2009...(*SARCASTIC APPLAUSE*)* O-BAM-A! O-BAM-A! O-BAM-A!...to build a U.S. factory...* BUT, WAIT... IT GETS "BETTER"... KEEP READING......needed a financial lifeline after struggling with costs from a recall of batteries supplied to Fisker, the plug-in hybrid luxury carmaker. A123 announced in August that it was working on a deal with Wanxiang Group Corp., China’s largest auto-parts maker, for financing in exchange for a majority ownership stake.* YEP! YOU READ THAT RIGHT! SO OUR "AMERICAN" GREEN COMPANY WOULD BECOME A CHINESE COMPANY! (A CHINESE COMPANY AFTER $249.1 MILLION IN AMERICAN TAXPAYER "GRANTS!")* BUT, HEY... IF WE DON'T SUBSIDIZE "HYBRED LUXURY CAR OWNERS" (OH... DID I WRITE "OWNERS?" I MEAN... er... "MAKERS.") WHO MANUFACTURE THEIR VEHICLES IN... er... FINLAND... WHO WILL, RIGHT?!(*JUST SHAKING MY HEAD IN DISGUST*)Republican presidential candidate Mitt Romney said last month that Obama has picked losers for alternative-energy loans and grants.A123 has posted at least 14 straight quarterly losses.
http://www.washingtontimes.com/blog/inside-politics/2012/oct/16/ross-perot-endorses-mitt-romney/Ross Perot, the businessman who mounted the last major challenge to the two-party political system, said Tuesday he is backing Mitt Romney for president this year.(*SINCERE CLAP-CLAP-CLAP*)"At stake is nothing less than our position in the world, our standard of living at home and our constitutional freedoms," Mr. Perot said in a statement released by the Romney campaign. "That is why I am endorsing Mitt Romney in his quest for the presidency. We can't afford four more years in which national debt mushrooms out of control, our government grows, and our military is weakened. Mitt has the background, experience, intelligence and integrity to turn things around. He has my absolute support."* LISTEN... FOLKS... ROMNEY'S NOT MY PREFERRED STANDARD-BEARER... BUT IT'S HIM OR ANOTHER FOUR YEARS OF OBAMA. WE SIMPLY HAVE NO CHOICE.
http://washingtonexaminer.com/amtrak-snack-bars-lost-84.5-million-last-year-833-million-in-10-years/article/2510864#.UH1xvrRiZjaAmtrak snack bars lost $84.5 million last year; $833 million in 10 years.* YEP! THAT'S THE HEADLINE! OUR GOVERNMENT IN ACTION!Federal spending over the past 20 years has surged 71% faster than inflation, much of it on bloated and wasteful programs and services, including Vice President Joe Biden's favorite mode of travel: Amtrak.According to the newly revised Heritage Foundation report, "Federal Spending by the Numbers," the rail service lost $84.5 million alone on its food and beverage services in 2011, and $833.8 million over the past 10 years. (*SARCASTIC CLAP-CLAP-CLAP*)The regularly revised analysis found that federal spending spiked this year to $3.6 trillion, which is nearly 23% of the U.S. economy. * O-BAM-A! O-BAM-A! O-BAM-A! O-BAM-A!And to illustrate why the federal deficit has reached $1 trillion each year of the Obama presidency, Heritage determined that for every $6.80 Washington collects in taxes, it spends $10...* THESE PEOPLE SHOULD BE SHOT....meaning that the Treasury has to borrow the remaining $3.20.* MAKES YOU PROUD TO BE AN AMERICAN, HUH?(*SNORT*)Debt and federal spending is a major issue in the presidential election, with President Obama pledging to keep an eye on it...* AS IT RISES NO DOUBT!...and Mitt Romney promising deep cuts. * AGAIN, FOLKS... YOU KNOW MY TAKE. I DON'T SEE "DEEP CUTS" COMING FROM EITHER PARTY, BUT AT LEAST WE'LL GET SOME CUTS UNDER ROMNEY AND THE REPUBLICANS. SOMETHING IS BETTER THAN NOTHING.Not surprisingly, entitlement programs such as Medicare, Medicaid and Social Security, are driving growth. But "anti-poverty programs" have also surged by 49% in just the past decade. And spending on another politically touchy issue, food stamps, has more than tripled since 2002.* FORGET THIS "PAST DECADE" CRAP. FORGET THIS "SINCE 2002" GARBAGE. WE KNOW THE WELFARE STATE HAS BEEN DELIBERATELY SUPERCHARGED BY THE DEMS AND OBAMA ADMINISTRATION. THE "POLICY" IS TO EXPAND THE WELFARE STATE! THIS ISN'T HYPERBOLE; THIS IS FACT BORNE OUT BY NOT JUST ANALYSIS OF THE RAW NUMBERS, BUT VIA ANALYSIS OF ACTUAL WRITTEN POLICY STATEMENTS AND THE EVIDENCE WE SEE IN THE LITERAL "MARKETING" OF FOOD STAMPS AND OTHER WELFARE PROGRAMS FROM "FREE" "OBAMAPHONES" TO DISABILITY EXPANSION AND THE ILLEGAL "RELAXATION" OF THE 1996 WELFARE REFORM LEGISLATION VIA OBAMA'S ILLEGAL EXECUTIVE ORDER!Heritage noted that the current spending crisis doesn't include the oncoming program and spending changes required by ObamaCare, which will spend $1.7 trillion over 10 years. (The group explained that ObamaCare will increase federal health spending by 15%, bringing it to 44% of all mandatory spending.)* AND THE ARTICLE GOES ON AND ON CONCERNING GOVERNMENT WASTE...(*SIGH*)
http://www.foxnews.com/politics/2012/10/16/secret-service-director-eyed-probe-over-colombia-scandal/An investigation for the agency that oversees the U.S. Secret Service suggests Director Mark Sullivan lied during his congressional testimony in the Colombia prostitution scandal that ensnared 13 of his agents, multiple law enforcement officials and congressional sources tell FoxNews.com. * INNOCENT UNTIL PROVEN GUILTY, BUT... (*PURSED LIPS*)... IF I HAD TO BET... I'D BET THESE "SOURCES" HAVE THE GOODS ON SULLIVAN.* IT REALLY IS DISGUSTING. I MEAN... I THOUGHT CLINTON WAS BAD. THIS FRIGGIN' ADMINISTRATION HAS OUTDONE THE CLINTON ADMINISTRATION IN TERMS OF SLEAZE! THEY'VE MANAGED TO "BREAK" THE FRIGGIN' SECRET SERVICE!Investigators with the Department of Homeland Security's Office of Inspector General (DHS OIG) have completed their investigative report, which will be referred to the Department of Justice along with a memorandum of activity that lists potential criminal actions. The report indicates Sullivan may have obstructed Congress by lying about the criminal associations of prostitutes involved in the scandal. The report also alleges Sullivan may have manipulated a report requested by the Senate Homeland Security and Governmental Affairs Committee, the sources said. * WE'LL SEE... (*SIGH*)DHS OIG uncovered the evidence - including specific incidents of alleged perjury, making false statements and impeding Congress - during their ongoing probe into the scandal surrounding agents' misconduct prior to President Obama's trip to Cartagena, Colombia last April, sources told FoxNews.com. Sources said Sullivan may have violated statute 18 USC § 1505 - obstruction of proceedings before departments, agencies, and committees - and investigators are now handing the case over to federal prosecutors in the Justice Department's Public Integrity Section. * FRANKLY I WISH THEY'D TURN IT OVER TO THE NEW YORK TIMES. * FOLKS... COM'ON... ERIC HOLDER'S JUSTICE DEPARTMENT IS ANYTHING BUT!DHS OIG has been in talks with Justice Department prosecutors in the Public Integrity Section for months, and met with them late last week about the potential charges against Sullivan, sources said.* FOR... MONTHS...(*SMIRK*)
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