Another Obama Green Energy Dud: Plant That Received $150 Million to Make Volt Battery is Now Furloughing Workers
October 9, 2012
This is the pattern for Obama. His administration rushed out to give campaign bundlers hundreds of millions, despite known risks, and then the opposite of what was promised happens. Compact Power received $150 million to build batteries and hasn’t produced a single battery, much like Solyndra, who received $459 million and didn’t produce a single solar panel.
These Obama schemes usually end up in bankruptcy or unemployed workers.
President Obama touted it in 2010 as evidence “manufacturing jobs are coming back to the United States,” but two years later, a Michigan hybrid battery plant built with $150 million in taxpayer funds is putting workers on furlough before a single battery has been produced
Workers at the Compact Power manufacturing facilities in Holland, Mich., run by LG Chem, have been placed on rotating furloughs, working only three weeks per month based on lack of demand for lithium-ion cells.
The facility, which…
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