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Obama cites another green company; it immediately goes bankrupt

Maybe president should stop talking about green energy firms — immediately

Just two days after President Obama referenced Ener1, an electric battery maker that received a $118 million grant from the U.S. Department of Energy, the company has filed for Chapter 11 bankruptcy protection.
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2 comments on this story

Jan 28, 2012, 9:16 am
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So its sounds like the company is using the bankruptcy protections to reorganize and comeback stronger, like many companies do each year.  I don’t like the way that works, and call it a bailout that businesses have always had, but that is the way business works.  Look at all the big resorts in town.  Many have done this before they became profitable.  It is just the normal people who don’t use this kind of welfare.  Businesses do it all the time.  Now the battery company can comptete, because it won’t have the debt issues it had.

Jan 30, 2012, 4:50 pm
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obamanomics.  We goin green. Screw that pipeline. Its stinky.

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