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    Tag: LG Chem

    Shocking Development .. kinda not


    By Corinthian Scales, Section News
    Posted on Wed Feb 13, 2013 at 02:51:33 PM EST
    Tags: LG CHEM, Wealth Redistribution, Crony Capitalism, Jobs, Card Playing, Economic Development, Green Subsidy, Batteries, Taxpayer Abuse, DEQ, The Green Organisation Ltd, Reinventing Climate Change, Fred Upton Curlicue Light Bulbs, Red China, A123 Systems, ChiComs, Government Funding, MEDC, LEED, UN Agenda 21, ICLEI, Michigan, Rick Snyder, Been there done that with Granholm (all tags)

    Detroit 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.

    The DOE says Holland, Mich.-based LG Chem Michigan misused part of a $150 million in American Recovery and Reinvestment Act funds and has decided not to shift production from its plant in South Korea to Michigan. It painted a stark picture of wasted U.S. federal dollars.

    "Until the shift in production takes place or some alternative use for the plant is developed, U.S. taxpayers will receive little direct benefit from a plant for which they provided up to half of the funding," the report said.

    MORE

    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 >>

    DEQ Receives Big Ben-dover Award


    By Corinthian Scales, Section News
    Posted on Fri Jan 18, 2013 at 09:50:48 AM EST
    Tags: DEQ, The Green Organisation Ltd, Reinventing Climate Change, Green Subsidy, Fred Upton Curlicue Light Bulbs, Red China, A123 Systems, ChiComs, Government Funding, LG CHEM, Crony Capitalism, MEDC, Wealth Redistribution, LEED, UN Agenda 21, ICLEI, Michigan, Rick Snyder, Been there done that with Granholm (all tags)

    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.

    The department was a 2012 North America Gold winner of the International Green Apple Award for Environmental Best Practices by The Green Organisation, an independent, non-political, non-profit organization that recognizes, rewards, and promotes environmental best practices around the world.

    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?

    Comments >>

    A Message To Our Legislators - Beware False Choices

    Good Counsel For Carl Levin


    By JGillman, Section News
    Posted on Thu Jan 03, 2013 at 10:51:22 PM EST
    Tags: Michigan, Batteries, LG Chem, A123, More Money, Subsidies, Technology, China, Doubling Down, Harry Reid, John Boehner, Carl Levin, Crony Capitalism, Good Advice (all tags)

    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:


    That's why an announcement in November by the Department of Energy was so important to Michigan. Energy Secretary Steven Chu announced the Joint Center for Energy Storage Research, a consortium of government, university and private-sector research labs aimed at revolutionizing battery technology.

    Fittingly, Michigan is playing a key role in the effort. The consortium, headquartered at Argonne National Laboratory in Illinois, will include research hubs at Johnson Controls in Holland, and on the University of Michigan campus. Dow Chemical in Midland is also a key corporate partner.

    The JCESR is nothing short of a Manhattan Project-styled effort to blow through the technical and economic limitations imposed by existing battery technology. Despite enormous progress that has allowed impressive accomplishments in hybrid vehicles and plug-in electric vehicles such as the Chevy Volt, today's batteries are still bigger, heavier, more expensive and lower capacity than we'd like. With technical improvements, we can bring down costs, reduce our dependence on imported oil and protect our environment.

    The answer to this challenge is an effort that, as my colleague Sen. Richard Durbin of Illinois put it, "brings together, under a single organizational roof, the world's leading scientists, engineers and manufacturers in energy storage and provides them with the tools, resources and market reach necessary to produce major breakthroughs."

    In other words we have failed miserably in our efforts to date, and we should really double down.

    Between the sale of battery technology to China, and a dismal failure of LG Chem to realize the investment made:

    "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 >>

    Proposal 5 and Article V, Section 18 is Marriage Made in Heaven for Michigan


    By Corinthian Scales, Section News
    Posted on Fri Oct 19, 2012 at 12:12:17 PM EST
    Tags: Prop 5, Limits, Rick Snyder, MEDC, Crony Capitalism, A123, LG CHEM, Kakistocracy, Green Subsidy, Progressives, BAD Behavior, SB-992, Bobby Schostak, Massive Federal debt is not a factor, Epic FAIL, now a Port Authority too?, Tax Hiker, One Term Nerd, Agema start scouting, 2014 (all tags)

    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.

    Constitutional restrictions are an effective way to handcuff politicians and stymie the special interests who lobby them for more money. Academic research on balance seems to show that such restrictions do check the growth of government and tax burdens, too.

    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

    Crony Capitalism


    By JGillman, Section News
    Posted on Fri Oct 19, 2012 at 10:23:22 AM EST
    Tags: Michigan, Cronyism, LG CHEM, Taxpayer Abuse, Jobs, Card Playing, Economic Development (all tags)

    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.

    Just watch.

    (2 comments) Comments >>

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