Another Stimulus success story
02-27-2012, 01:44 PM
#1
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Another Stimulus success story
A123 Systems, an electric car battery company, ”has laid off 125 employees and had a net loss of $172 million through the first three quarters of 2011.”
The clean energy battery maker that received $390.1 million in federal and state subsidies has slashed jobs and posted massive losses.
I love the icing on this cake, so sweet:
The clean energy battery maker that received $390.1 million in federal and state subsidies has slashed jobs and posted massive losses.
I love the icing on this cake, so sweet:
This month A123’s Compensation Committee approved a $30,000 raise for [David] Prystash just days after Fisker Automotive announced the U.S. Energy Department had cut off what was left of its $528.7 million loan it had previously received.Prystash wasn’t the only executive to see a big raise this month. Robert Johnson, vice president of the energy solutions group, got a 20.7 percent pay increase going from $331,250 to $400,000, while Jason Forcier, vice president of the automotive solutions group, saw his pay increase from $331,250 to $350,000. Prystash’s raise was 8.5 percent, going from $350,000 to $380,000.
The raises were reported by the company in its filings with the U.S. Securities and Exchange Commission.
The raises were reported by the company in its filings with the U.S. Securities and Exchange Commission.
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02-27-2012, 01:51 PM
#2
Sooo....
You are complaining about the state of Michigan providing substantial subsidies to A123, and corporate officer pay, Brainy?
'Cause I'm a bit baffled as to where you are trying to go with this. Fisker fucked up and can't provide A123 with batteries? But if you have a problem with Fisker, well...
http://thinkprogress.org/report/clean-energy-cons/
And this elaborates on the Republicans trying to manufacture a scandal that simply isn't there...
http://thinkprogress.org/green/2011/...gop/?mobile=nc
Unless, of course, you consider it a bipartisan scandal where both parties raped us. I'm on board with that. But that's not what the topic said. Especially since Solyndra received loans originating from the Bush administration.
You are complaining about the state of Michigan providing substantial subsidies to A123, and corporate officer pay, Brainy?
'Cause I'm a bit baffled as to where you are trying to go with this. Fisker fucked up and can't provide A123 with batteries? But if you have a problem with Fisker, well...
http://thinkprogress.org/report/clean-energy-cons/
And this elaborates on the Republicans trying to manufacture a scandal that simply isn't there...
http://thinkprogress.org/green/2011/...gop/?mobile=nc
Unless, of course, you consider it a bipartisan scandal where both parties raped us. I'm on board with that. But that's not what the topic said. Especially since Solyndra received loans originating from the Bush administration.
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02-27-2012, 01:57 PM
#3
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I don't think I made this partisan at all. Please stop link from those sources. I beg you. obviously you'll find letters from all senators trying to get clean energy grants for their states, it's acutally what senators are sorta supossed to do--represent their state's best interests.
it's a scam game, I never said otherwise.
in a game of winners and losers, the gov't always picks losers and pays them handsomely. This is just another fine example of home gov't innovation works...it doesn't.
in a related story: PETA killed 1,911 cats and dogs last year, finding homes for only 24 pets in its HQ in VA.
it's a scam game, I never said otherwise.
in a game of winners and losers, the gov't always picks losers and pays them handsomely. This is just another fine example of home gov't innovation works...it doesn't.
in a related story: PETA killed 1,911 cats and dogs last year, finding homes for only 24 pets in its HQ in VA.
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02-27-2012, 02:04 PM
#6
http://www.michigancapitolconfidential.com/16500
in a game of winners and losers, the gov't always picks losers and pays them handsomely. This is just another fine example of home gov't innovation works...it doesn't.
in a related story: PETA killed 1,911 cats and dogs last year, finding homes for only 24 pets in it's HQ in VA.
Story originated from http://www.michigancapitolconfidential.com/16500, which is precisely why I linked Thinkprogress in response.
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02-27-2012, 02:07 PM
#7
http://en.wikipedia.org/wiki/Mackina..._Public_Policy
The Mackinac Center is nonprofit and non-partisan, and its scholars’ and policy staff’s views are not consistently aligned with any political party. For example, the Center was critical of former Republican Governor John Engler’s use of selective tax breaks granted to certain companies, and has praised efforts by former Democratic Governor Jennifer Granholm to enact criminal sentencing reform as a way to reduce the state’s prison population.[2]
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02-27-2012, 02:10 PM
#8
http://www.mlive.com/opinion/kalamaz...ublic_pol.html
Some facts about the Mackinac Center many help readers. The Mackinac Center spokespeople have said they will not disclose their contributors; however, a little research reveals an extensive list of donors. For example, The Devos, Prince, Koch and Dow families, all associated with the conservative wing of the Republican Party, have contributed. Other major donors include the Rodney Fund, the Herrick Fund and Dunn's Foundation for Right Thinking.
http://sourcewatch.org/index.php?tit..._Public_Policy
Even actual independent sources brand it as heavily conservative Mg.
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02-27-2012, 02:17 PM
#12
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I didnt even post any source (i do this purposely). wtf.
I gave a few simple lines from a story.
Are any of things untrue:
1. A123 Systems laid off 125 employees and had a net loss of $172 million through the first three quarters of 2011
2 .The clean energy battery maker that received $390.1 million in federal and state subsidies.
3. A123’s Compensation Committee approved a bunch of raises
yes or no?
I gave a few simple lines from a story.
Are any of things untrue:
1. A123 Systems laid off 125 employees and had a net loss of $172 million through the first three quarters of 2011
2 .The clean energy battery maker that received $390.1 million in federal and state subsidies.
3. A123’s Compensation Committee approved a bunch of raises
yes or no?
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02-27-2012, 02:22 PM
#14
The funny thing is that I know you are smarter than you are trying to come off, but for some reason you refuse to use that intelligence on certain things.
The OP uses a constantly repeated Republican mantra, and quotes from a heavily conservative story. I refute it by using equally biased sources that counter the OP's story nicely as well as refute what the OP is implying, provide links to the original story that is quoted in the OP, and provide evidence that the story comes from a heavily biased source.
It is interesting to watch you try to manufacture outrage, so to speak. But I'm not falling for your tricks again bro, nice try though.
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02-27-2012, 02:24 PM
#15
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So the story isn't true because of who reported on it first?
you didn't refute anything. You posted links to some letters of R-senators that want some money.
I don't see what that has to do with anything.
you didn't refute anything. You posted links to some letters of R-senators that want some money.
I don't see what that has to do with anything.
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02-27-2012, 02:28 PM
#17
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Their fincial reports say they are in the red to the tune of $152,560,000 at the end of 2010 and reported a 78% gross loss.
http://files.shareholder.com/downloa..._2010_10-K.pdf
Are they lying? Obama looks like he has blue lips, so therefore miata turbos are awesome.
http://files.shareholder.com/downloa..._2010_10-K.pdf
Are they lying? Obama looks like he has blue lips, so therefore miata turbos are awesome.
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02-27-2012, 02:29 PM
#18
Their fincial reports say they are in the red to the tune of $152,560,000 at the end of 2010.
http://files.shareholder.com/downloa..._2010_10-K.pdf
Are they lying?
http://files.shareholder.com/downloa..._2010_10-K.pdf
Are they lying?
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02-27-2012, 02:33 PM
#20
I really have to give you credit for your ability to try to make people say things that they never said or implied, Mg. You are good at it.
The funny thing is that I know you are smarter than you are trying to come off, but for some reason you refuse to use that intelligence on certain things.
The OP uses a constantly repeated Republican mantra, and quotes from a heavily conservative story. I refute it by using equally biased sources that counter the OP's story nicely as well as refute what the OP is implying, provide links to the original story that is quoted in the OP, and provide evidence that the story comes from a heavily biased source.
It is interesting to watch you try to manufacture outrage, so to speak. But I'm not falling for your tricks again bro, nice try though.
The funny thing is that I know you are smarter than you are trying to come off, but for some reason you refuse to use that intelligence on certain things.
The OP uses a constantly repeated Republican mantra, and quotes from a heavily conservative story. I refute it by using equally biased sources that counter the OP's story nicely as well as refute what the OP is implying, provide links to the original story that is quoted in the OP, and provide evidence that the story comes from a heavily biased source.
It is interesting to watch you try to manufacture outrage, so to speak. But I'm not falling for your tricks again bro, nice try though.
By the way, all I'm seeing in your two links is evidence that GOPer's were for clean energy stimulus before they were against clean energy stimulus, with no specific refutation of the information Brainy posted.
So tell me -- why is it that Brain posted an excerpt that made ZERO mention of Democrats or Republicans, and your response was immediately to assume that Brain was blaming Democrats?
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