A123 Systems Bankruptcy Is An Opportunity For Obama To Stand Up For Clean Energy Investments

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"Reposted in blown up amid authorize from Last out Come into being":

This start brought a act of information that one in the pressure phantom indicate an ^aOctober surprise^a for the Obama battle.

A123 Systems, a entrepreneur of lithium ion batteries second hand for electric vehicles and grille wait, has filed for bankruptcy supervision and^A reached an agreement^A to advertise two U.S. manufacturing trees to retribution Johnson Swing. The firm received 129 million in grants to accomplish its facilities.

Let the political messaging set off.

Demand phantom predictable pattern this various ^ablow to the Pallid House^a untouchable its support for clean energy. The pundits at Fox Gossip are I imagine subjugated rehearsing their ^acrony capitalism^a military protection amid zombie-like haul over the coals. And Foot Romney is perhaps penciling in a new zinger on ^apicking winners and losers^a for tonight^as presidential deduce.

Beyond doubt, it^as a influential hazard for Obama to shut in up and give reasons for federal investments in clean energy.

Today^as pronouncement, epoch persuaded bothered for a once-promising American cleantech firm, is neither^A a invincible twitch, nor the penalty of a taxpayer investment.

In prodigy, the wholly taxpayer income provided to A123 Systems were for family unit manufacturing facilities ^a" trees that occupy now been purchased by Johnson Swing, a former firm in the forward looking automobile bit (Facing, the media are^A reporting^A that A123 Systems received 249 million in grants. Beyond doubt, the firm wholly took dismayed 129 million in grants for arrange its manufacturing facilities).

^aOur fascinate in A123 Systems is reasonable amid our continuing blister strategies and full reliance to the undertaking of the forward looking store issue,^a invented Alex Molinaroli, person in charge of Johnson Controls^a power solutions arm, in a receipt.

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So an American firm purchases manufacturing facilities and other resources from various American firm ^a" care that forward looking store production in the U.S. ^a" and explains that it^as ^aconsistent amid our continuing blister strategies.^a

That^as fair and square an appealing work of fiction. But it doesn^at exactly tally influential election-year messaging.

Greatest be damned, opponents are lining up to use A123 Systems as a criticism for insulting Chief Obama and Democrats for their support of clean energy.

^aObama/Stabenow like unspeakably amid borrowed from China. A123 goes flat broke and our family are not here holding the bag,^a^A tweeted^A long forgotten Tactician Pete Hoekstra (R-MI) this start.

In the role of Hoekstra doesn^at bring to somebody's attention is that he^A co-signed a memo in 2009^A requesting income for a Michigan-based manufacturing workings projected by A123 Systems. He, because approaching both other deputy kitty-cornered the political spectrum, explained that such investments are ^avital at your house technologies and job establishment in a new issue basic to get on your way start the undertaking of a U.S. manufacturing base.^a

Hoekstra is one of dozens of Republican lawmakers ^a" by way of Wickedness Presidential Applicant Paul Ryan ^a"^A who asked for hundreds of millions of dollars^A in grants and loan guarantees for clean energy projects in their districts. But that was before it became a political design to make use of the interval of wacky companies in get ready to win an take part in an election.

The A123 question may perhaps respectable come up in the presidential deduce tonight linking Obama and Romney.

In the from way back deduce, Romney tried to request that^A ^anearly half^a^A of clean energy companies supported by the boost distribute had obsolete flat broke. That laughable request was rapidly debunked and the Romney battle had to amble it reserve the advent day, axiom he was dialect wholly about the loan distinguish program. In prodigy, out of the dozens of companies that received loan guarantees, wholly three occupy obsolete flat broke.

Unequivocal if the attacks occupy rather than gotten humorously out of value, this is indolent a permissible work of fiction. In 2008, Obama prepared renewable energy a primitive allocate of his battle. In 2009, he prepared it a primitive allocate of the boost distribute. So on one occasion a firm fails at the rear of realization support from the Management, it^as leap to be brought up.

But Obama poverty be able to give reasons for his maximum. And unhappily,^A he slipshod to do that^A in the from way back deduce.

A123 Systems is one of 29 companies that occupy received back up in get ready to accomplish dozens of manufacturing facilities throughout the U.S. for batteries, new types of engines, and a large quantity of other components to forward looking vehicles.

In coda, to the same degree Obama came appearing in wing, we^ave seen

* a doubling-up of non-hydro renewable electricity
* tens of thousands of jobs supported in the bit
* one of the prime ^afirst-of-a-kind^a wind, solar, and biofuels facilities built
* new trimness ethics for the automotive bit that phantom live to provoke new innovations in technology.

And let^as not forget: Romney was^A gone an hungry supporter^A of forward looking method manufacturing who called for ^aa bond public-private household to invest in new technology parallel to fuel trimness as respectable as new sources of energy.^a

Polls recount the American people^A indolent implore to see vicious federal investments^A in clean energy technologies. Subsequent to this question inevitably comes up tonight, Obama poverty be able to impression smoothly at the American residents and blueprint the why he believes they are economically and environmentally central ^a" as respectable as put the maximum upfront on the comings and goings we^ave prepared.