A stimulus-backed Department of Energy loan program that has not been tapped for four years, and was deemed unwanted two years ago by the Government Accountability Office, is suddenly ready and willing to dole out more taxpayer millions again – to a corporation that doesn’t need it.
If Leslie Stahl of ’60 Minutes’ had read the entire list of Obama-backed taxpayer-funded green-energy projects that have gone bust—let alone those that are circling the drain, she would have truly been fatigued.
Transparency, honesty and conclusive findings have been mostly absent from lithium ion battery incidents that affect the transportation sector. Taxpayers have been forced to heavily “invest” in this stuff and they deserve the truth.
The report this month about the shutdown of Vehicle Production Group – beneficiary of a $50-million stimulus loan from the Department of Energy – means the Advanced Technology Vehicles Manufacturing initiative within the Loan Program Office has been a thorough failure.
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