$150 Million In Tax Payer Money To Send Jobs To South Korea

A Compact Battery plant in Holland, Michigan -- owned by LG Chemicals of South Korea -- was supposed to make lithium ION batteries for the Chevy Volt and Ford's electric Focus.  In doing so, it would create 200 new jobs.  So, Obama's Energy Department ponied up $150 million in taxpayer money to support the plant's operation.  Of course, this funding, comes at a cost of about $750,000 per each job created.  What's worse, the plant never created a single battery for any electric car; and, now, those 200 jobs are being eliminated.   The batteries were actually being made in South Korea, instead. Just where was any government oversight?

And so, the ashes of failed, Obama-funded "green" companies continues to pile up; along with the country's debt and unemployment.  The regularity of these kinds of failures should be more than enough grounds for firing Obama's Energy Department Secretary, Stephen Chu.

--- Reference: Fox News: Plant that got $150M in taxpayer money to make Volt batteries furloughs workers:  http://www.foxnews.com/us/2012/10/08/lg-plant-that-got-150m-to-make-volt-batteries-in-michigan-puts-workers-on/