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Tag: LG CHEM
By Corinthian Scales, Section News
A Michigan-based company slated to produce lithium-ion polymer batteries for electric vehicles has instead kept production overseas, has failed to meet job targets outlined in a $150 million grant from the federal government, and has been reimbursed by the government for $842,000 in wasted work time, according to a U.S. Department of Energy Special Report released Wednesday.
Thank God the republicans in Lansing, didn't throw away taxpayers money overseas on Green crap like those reckless big spending Democrats... Oh! Wait.
(1 comment) Comments >>
By Corinthian Scales, Section News
Naturally, because the Fabians in England has managed its own affairs so well, why not seek their approval here in, Michigan?
The DEQ recently was recognized by an International environmental group for its pollution prevention efforts.
How do you like them apples? Nothing like the cost savings associated with keeping the incredibly expensive global green hoax alive with such not-ready-for-primetime ideals that are rewarding subsidy to foreign nations, or are being bought by Communists for pennies on the US taxpayer Dollar.
Speaking of rotten Green apples. Exactly what is in the Memorandums of Agreement Granholm signed with England, that Governor Snyder, would want it to remain secret, anyway?
By JGillman, Section News
Carl Levin has a bridge to sell you over some swampland in Michigan.
In Mid-December, Senator Carl Levin posted a position piece supporting further battery technology spending by taxpayers in Michigan. He states:
In other words we have failed miserably in our efforts to date, and we should really double down.
"But now you're getting it. Reporters who visited the Michigan factory of the South Korean company LG Chem, which got $151 million in stimulus money to manufacture lithium-ion batteries, discovered workers sitting around playing Monopoly and poker. The employees said it wasn't their fault: "What do you do when there's no work?" "Sure why not follow THESE successes with additional money thrown around.
As far as going all-in with these schemes, one might better be served with the proverbial 'fool me once .." advice. Frankly, Senator Levin should take the advice given to Harry Reid by the weeper last night.
At least the recipient would be 'getting it' voluntarily.
(3 comments) Comments >>
By Corinthian Scales, Section News
Fact is folks, Michigan has been blessed with our Balanced Budget Law... partially. However, with every term of vote buying, and interest lobby bought off congresscritters we send to Lansing, proclaiming that R is for reverse, and D is for driving into a ditch, our bloated budget habitually reflects that like a teenager with a new license to the family car - the keys need to be restricted from exposure. As it should be, most youth behaves carefree with their new power to blaze their own trail on the open roads, however, that still leaves mom, and dad held responsible for the family car. It's a fact of life - when the little darlings have a fender bender caused by doing things other than paying attention to the road, any damage caused comes out of the family wallet to fix the car.
Yessirree. Article V, Section 18 is merely PLPD coverage on the family car. Out of pocket repair bills is exactly the exposure that every Michigan family faces with handing the keys to their little darlings behind the Lansing wheel. What's that? A smart family should know to also carry collision, or, Full Coverage if entrusting others with risks to the family vehicle? Well, with just checking the old inbox, that is the message that the good folks over at the Michigan Capitol Confidential are driving home on Prop 5.
The idea behind a Tax Limitation Amendment is to make it more difficult for the political class to pilfer the pockets of taxpayers. Research -- most notably by scholar Mancur Olson -- has shown time and again that in democratic nations the wishes of an electorate are often ignored by narrow special interests that seek costly "favors" from the government. Politicians all too frequently accommodate those favors (be they subsidies or tariffs or spending hikes or other items) in part because their contributors and powerful constituents support them. Increasing taxes also is often a path of least resistance.
Amen! So, the natural question must be asked, why is it that the biggest opponent of Prop 5, Rick Snyder, a CEO, and CPA mind you, is behaving like a teenager who incessantly tells dumb 'ol mom and dad who are liable for his actions that he can text and drive?
The funny thing is with Halloween approaching, skeletons do come out of the closet...
(786 words in story) Full Story
Its one of those emerging truisms; Government ought not be involved, interfere, or invest in business.
It never seems to end well.
LG Chem which promised 300 jobs, received a $150,000,000.00 Fed grant, $7,000,000. more in fed paid training and $700k in health coverage, has bored employees. The employees, which might have been present at the federally funded $500,000.00 groundbreaking with special guest Barack Obama might need to hang around a little longer so that Michigan can cough up its promise of $125,000,000.00 in credits as well.
A little report worth watching.
A year from now this plant will be empty.
(2 comments) Comments >>
External FeedsMetro/State News RSS from The Detroit News
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