President Obama Mentions An Energy Company In His Big Speech And It Goes Bankrupt Instantly

Read more: President Obama Mentions An Energy Company In His Big Speech And It Goes Bankrupt Instantly


Andrew Restuccia of The Hill is reporting that Ener1, a battery company that President Obama referenced in his State of The Union Speech on Tuesday as an example of successful energy investments, has just filed for chapter 11 bankruptcy. That's just two days after the speech.


“In three years, our partnership with the private sector has already positioned America to be the world’s leading manufacturer of high-tech batteries,” Obama said in his speech.







So with solyndra, The Chevy volt fiasco, (from the problems to word that they may be building new ones in China), to the giving our money to Fisker to build electric cars in Finland..... add that into the environmental disaster of NOT building that pipeline. One can come to the conclusion that this man is pretty clueless. His best hope is for Newt to get the nomination....


i weep for my country.