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    Who are the NERD fund donors Mr Snyder?

    Raise the curtain.

    When In A Hole One Usually Puts Down The Shovel

    By Corinthian Scales, Section News
    Posted on Wed Jun 06, 2012 at 08:59:59 AM EST
    Tags: Anyone but Stabenow, Air America, NObama, Stimulus Bill, Jennifer Granholm, SLUT, Current TV, GreenTard Energy, Rick Snyder, Anti-Right To Work, Will VETO R-T-W, DRIC-NITC, Light Rail boondoggles, Massive Federal debt is not a factor, Obamacare Health Exchange, Foreign National Job Preference, H-1B Visas, EB-5 Citizenship, Wholesale Gas Tax, Registration Fees, Government Funding, Cowardly with Detroits Financial Disaster, Roger Penske M-1 rail boondoggle, Billionaire Welfare, Progressives, Been there done that with Granholm (all tags)

    via The Detroit News

    A123 in April received a two-year extension on its deadline to spend a $249.1 million grant from the federal government, originally received in 2009. The money was to be used for the construction of new lithium-ion battery manufacturing facilities in Michigan. A123's Livonia plant opened in 2010, and its Romulus plant opened last year. The company had $120 million left of the $249.1 million grant.

    The hiring announcement comes after the company has hit financial problems. In March, A123 said it would spend about $55 million to replace defective battery packs in five battery packages that were assembled at its plant in Livonia.

    In addition, financial losses have accelerated. In its 2011 earnings, A123's loss grew 69 percent to $257.7 million from the year earlier. And in April the company reported a first-quarter loss of $125 million -- a 133 percent increase from the  $53.6 million loss during the same quarter in 2011.

    Rest here

    But dammit, when it's a taxpayer funded hole you just put 400 new hands on the shovel to keep on digging.

    Shovel ready...

    < Schostak Statement On Wisconsin | Geoffrey Rubbing Elbows With Obama And Denise Ilitch >

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    Ahhhh .. Ahhhh .. Ahhhh (none / 0) (#1)
    by JGillman on Wed Jun 06, 2012 at 09:19:03 AM EST

    excuse me..

    I'm allergic to bad batteries.

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