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Economy
DOE-backed battery maker files for bankruptcy
2012-10-16
Unexpectedly!
In news that's sure to provide fresh fodder for Republican presidential nominee Mitt Romney ahead of his debate tonight with President Obama, an electric-car battery maker backed by a quarter-billion-dollar grant from the Obama administration filed today for bankruptcy protection.

The company, A123 Systems Inc., received $249 million through the Department of Energy in 2009 and earned praise from Obama himself in 2010 for helping to keep jobs in the United States.

Today, DOE sought to put the best face on the bankruptcy filing by noting that A123 is working on a consolidation plan with Johnson Controls Inc. in Milwaukee to sell two Michigan manufacturing plants along with other assets
(Text above is from a proprietary newsletter; link is to Bloomberg News story.)
Posted by:Barbara

#4  Uh, uh, DOE = US DEPT. OF EDUCATION???

gut nuthin.
Posted by: JosephMendiola   2012-10-16 19:30  

#3  Software engineer's translation = 'FUBAR'
Posted by: Raj   2012-10-16 17:43  

#2  Ebonics translation "BHOFIR"
Posted by: Daffy Phaick6477   2012-10-16 15:41  

#1  So the next time someone says to you they have made another bad investment, you can tell them - "Well you are just a BHO investor!"

Kind of has a "ring" to it, doesn't it a "BHO investor".

Defined: Excessively Bad, Horrible, Obtuse financial investor; always investing money in ulimately loosing business schemes.

Barack Hussein Obama II's claim to eternal fame a new phrase in the English Lexicon ---"BHO investor"
Posted by: Daffy Phaick6477   2012-10-16 15:38  

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