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Electric Car Battery Maker A123 Systems Files Bankruptcy - Bloomberg

Almost a billion dollars between Solyndra and these bastards.

Here’s the funny part: Barack Obama likes to talk about venture capitalists and investment bankers.  He even pointed out that at 40%, his success rate with these crappy green frauds is better than a Wall Street firm.

The problem, as is obvious to anyone but a died-in-the-wool class warrior, is that the bankers use their own money or money that is voluntarily invested.  Government confiscates, at the tip of a gun, your earned wealth, and then pays back political favors with it at no cost to the government itself.

So yes, Mr. President, your sucess rate may be higher, but putting a gun to my head and forcing me to fund a green debacle (or many, as the case may be) is not the same as asking me to invest and me choosing, upon my on free will, to do so. 

16 October 2012 ·

• Tags
• a123
• green
• debacle
• fraud
• obama
• venture socialism