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Thread: Volt No Jolt: LG Chem Employees Idle

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    Volt No Jolt: LG Chem Employees Idle

    Workers at LG Chem, a $300 million lithium-ion battery plant heavily funded by taxpayers, tell Target 8 that they have so little work to do that they spend hours playing cards and board games, reading magazines or watching movies. They say it's been going on for months. "There would be up to 40 of us that would just sit in there during the day," said former LG Chem employee Nicole Merryman, who said she quit in May.

    That employee says some workers are doing odd jobs around the building, including cleaning and maintenance, while others hang out in the cafeteria playing video games, Texas hold-'em and Monopoly or doing Sudoku or crossword puzzles -- all on company time. The employee said some watch movies. "There's no work, no work at all. Zero work," another current employee said. "It is what it is. What do you do when there's no work?"

    Target 8 left a message at the plant's security station and left a message with the company's receptionist. The receptionist would not transfer the call to a company manager.

    The Target 8 investigation has led the Washington, D.C.-based Recovery Accountability and Transparency Board -- an oversight agency for the federal stimulus program -- to take action. "We are sending this to the Inspector General, Department of Energy, for his review," said Ed Pound, spokesman for the board. The Inspector General's Office would decide whether to open an investigation. Pound refused further comment.

    The plant all started with such great hope, and a presidential groundbreaking in July 2010. "This is a symbol of where Michigan is going, this is a symbol of where Holland is going, and this is a symbol of where America's going," President Barack Obama told a crowd at the groundbreaking.

    The company's goal: 300 employees pumping out 15 million battery cells a year. Its biggest customer: The Chevrolet Volt.

    The U.S. Department of Energy provided a $151 million grant, part of Obama's Recovery Act. The Korea-based company recently said it has 200 employees, and the company's most recent federal filing shows 100 of them are funded through the Recovery Act grant.

    The company has spent $133 million so far, most for construction and equipment, records show. About 40% has gone to foreign companies -- mostly to Korea, a Target 8 analysis shows. The company also spent more than $533,000 of that federal grant for the groundbreaking, records show.
    Volt no jolt: LG Chem employees idle | WOOD TV8

    just this week, 2 more green energy projects funded by obama went under

    Car battery maker A123 files for bankruptcy - Oct. 16, 2012

    Satcon Technology Corporation - Investor Relations Portal - News Release

    a123 in michigan cost the taxpayer a cool quarter B

    19 stimulus-funded green companies have now filed bankruptcy

    The Complete List of Obama's Taxpayer-Backed Green Energy Failures

    and they don't even use shovels, at least not very many

    Obama: "No Such Thing as Shovel-Ready Projects" - CBS News

    why is the s-word suddenly so obscene?

    Just don't call it a 'stimulus' - POLITICO

    Obama wants to boost economy - just don't call it stimulus - CNN

    Barack Obama's economic proposals: Just don't call it stimulus | The Economist

    Don't call it a stimulus - Los Angeles Times

    Obama's Next Economic Plan: Don't Call It a Stimulus - TIME

    Don't call it a stimulus - The Washington Post

    obama's most transparent administration is once again in violation of its own established reporting guidelines

    Ahead of Election, Obama Stops Releasing Stimulus Reports

    why?

    maybe he shoulda put em in a binder
    Last edited by The Prof; 10-20-12 at 03:37 PM.

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    Re: Volt No Jolt: LG Chem Employees Idle

    Why in the hell do you people march in lockstep with this hate for new technology? Makes no sense. Oh.. by the way:


    Chevrolet Volt Sales Redefine 'Failure'

    Even if many transactions were bolstered by cut-rate lease deals and other incentives last month, with 13,497 units rolling out of dealerships through the end of August, the Chevrolet Volt “extended range electric” sedan is outselling about half of all cars marketed in the U.S.

    If indeed the Volt is a “failure,” as some of its critics have contended, we’re sure there’s several auto executives out there that would like many of their slower-selling models to suffer the same fate.

    ...the Volt’s 133rd-place ranking placed it ahead of industry stalwarts like the Audi A6, BMW 7-Series, Porsche Cayenne and Mercedes-Benz S-Class, and it outsold most hybrids including the Toyota Prius plug-in, Honda Civic, Kia Optima, Toyota Highlander and Lexus RX 450h.


    You just keep on cheering for American failure there true patriot.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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    Re: Volt No Jolt: LG Chem Employees Idle

    I'll let GM debunk the bunk:


    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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    Re: Volt No Jolt: LG Chem Employees Idle

    Quote Originally Posted by poweRob View Post
    Why in the hell do you people march in lockstep with this hate for new technology? Makes no sense.
    It is not a hate for new technology. It is a rejection that the state should impose its aganda upon the American people by confiscating their wealth and using it to prop up politically connected and politically correct businesses to further a particualr agenda. If you want to invest in new technology, risk your own capital. Do not allow the state to confiscate mine and roll the dice with other peoples money. It is that simple.

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    Re: Volt No Jolt: LG Chem Employees Idle

    doesn't seem like sound economic policy to subsidize an industry that has little or no demand for its products...at least not enough demand to justify the staffing levels.

    if all those people are playing cards and such ( on the taxpayers dime), then they should be sent home, laid off, or simply fired.

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    Re: Volt No Jolt: LG Chem Employees Idle

    Quote Originally Posted by Thrilla View Post
    doesn't seem like sound economic policy to subsidize an industry that has little or no demand for its products...at least not enough demand to justify the staffing levels.

    if all those people are playing cards and such ( on the taxpayers dime), then they should be sent home, laid off, or simply fired.
    I'm not at all dogmatic on this issue, but it seems to me that subsidies can help create demand for products like electric cars, which will become more attractive as adoption increases. Not only will economies of scale make the price more attractive, as an infrastructure develops to accommodate electric vehicles and as marketing begins to promote them to the masses, I would expect demand to go way up. An initial subsidy could spur that process, no?

    The problem as I see it is that direct subsidies to private firms create hazard. I wonder if research investments through, say, public universities, would be a fairer system. Technology advancements could then be sold on private markets.
    Last edited by GhostlyJoe; 10-20-12 at 04:17 PM.

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    Re: Volt No Jolt: LG Chem Employees Idle

    Quote Originally Posted by Fletch View Post
    It is not a hate for new technology. It is a rejection that the state should impose its aganda upon the American people by confiscating their wealth and using it to prop up politically connected and politically correct businesses to further a particualr agenda. If you want to invest in new technology, risk your own capital. Do not allow the state to confiscate mine and roll the dice with other peoples money. It is that simple.
    Then we definitely shouldn't have ever gone to the moon. Or laid all those railroad tracks. Or petroleum exploration grants to oil companies. The list goes on and on... but the outrage is now to stop new tech and fight for the status quo tech that was built with the same kind of government backing.

    Politics.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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    Re: Volt No Jolt: LG Chem Employees Idle

    Quote Originally Posted by GhostlyJoe View Post
    I'm not at all dogmatic on this issue, but it seems to me that subsidies can help create demand for products like electric cars, which will become more attractive as adoption increases. Not only will economies of scale make the price more attractive, as an infrastructure develops to accommodate electric vehicles and as marketing begins to promote them to the masses, I would expect demand to go way up. An initial subsidy could spur that process, no?
    You are trying to be logical when the purpose of the OP is to throw away logic and simply do what the oil companies want us to. Buy every drop of oil they can squeeze out of the ground, BEFORE we try anything else to reduce our consumption. U.S gasoiline consumption is still at 2000 levels and we are exporting 400 thousand barrels a day of refined gasoilne to S. America. We need to use more gasoline here to keep those profit margins rising.

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    Re: Volt No Jolt: LG Chem Employees Idle

    Quote Originally Posted by iguanaman View Post
    You are trying to be logical when the purpose of the OP is to throw away logic and simply do what the oil companies want us to. Buy every drop of oil they can squeeze out of the ground, BEFORE we try anything else to reduce our consumption. U.S gasoiline consumption is still at 2000 levels and we are exporting 400 thousand barrels a day of refined gasoilne to S. America. We need to use more gasoline here to keep those profit margins rising.
    Well, it's the oil companies' right to promote the oil companies' interests, and we do, in fact, depend on oil companies for vital services. I would expect them to act accordingly. However, I want the government to work in the public interest, and I can see how green-energy subsidies promote that interest.

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    Re: Volt No Jolt: LG Chem Employees Idle

    Quote Originally Posted by Thrilla View Post
    doesn't seem like sound economic policy to subsidize an industry that has little or no demand for its products...at least not enough demand to justify the staffing levels.

    if all those people are playing cards and such ( on the taxpayers dime), then they should be sent home, laid off, or simply fired.

    Myth 1: The Volt is a Sales flop, selling a fraction of what is required to make it a success.

    Busted: The Volt is now selling three times the number needed to breakeven (see myth 4 for details). In fact in August the Volt was outselling 50 percent of all car models on the North American market and is now outselling every single hybrid model sold by BMW, Ford, Honda, and Volkswagen. The Volt is also well in front of the adoption curve of another “new kid” when they first arrived, the Toyota Prius.
    link...


    Myth 4: The Volt is selling for $49,000 less than it cost to make.

    Busted, and busted again: This myth has been around for a while. The idea behind it is to present any Volts sales success as a bad thing that is costing GM big money.

    ...the Volt is actually on the cusp of break even at this sales pace. What this means is, excluding R&D costs GM is making money with each Volt sold, possible to the tune of $10,000 or more.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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