Mississippi’s state auditor on Wednesday demanded that a troubled electric car maker or its leader repay $4.9 million in state and local aid the company received, plus $1.5 million of interest.
Auditor Stacey Pickering issued the demand to GreenTech Automotive and its CEO, Charles Wang, saying the company has failed to live up to pledges to invest $60 million and create 350 jobs in Tunica County, just south of Memphis, Tennessee.
GreenTech once planned to build 250,000 cars a year and invest $2 billion, but first sharply downsized its goals, and then failed to meet them, authorities said. In a July 2011 agreement, GreenTech promised to invest $60 million and hire 350 full-time workers by the end of 2014, paying each at least $35,000 and maintaining those jobs for at least 10 years.
The Clinton God father….Green Tech comes home
http://www.washingtonexaminer.com/terry-mcauliffes-latest-scandal-just-the-tip-of-the-iceberg/article/2592889
Thank you Obama ! For all those wonnnnnderful “green” jobs. What a scam. A total sham. From day one. Nothing but a “transfer of wealth” from the American taxpayers to FAKE eco-cronies of the Democrap Party
This could be just the start of the green bubble bursting.
But we knew from the outset the plan would not live up to expectations because it like all the versions that have been tried all have the same feature.
They inevitably fail because they run out of other peoples money.
This could be just the start of the green bubble bursting.
But we knew from the outset the plan would not live up to expectations because it like all the versions that have been tried all have the same feature.
They inevitably fail because they run out of other peoples money.
Obviously time for GreenTech to raise the ante: “350 jobs? We’re looking to the FUTURE and can see a MILLION jobs; no, make that TEN MILLION jobs!”
They just didn’t promise enough.
I still want to know how Al Gore got so filthy rich. And Maxine Waters. Harry Reid. Please though “journalists” – tell us you’re so vital to American democracy you worthless pieces of crap.
Where there is government largesse, there is a scam.
Never fails. Its like a law, you could say it is the law of socialist programs.
Its where the ruling class meets to scam the working stiff, the guy that did not get a raise in 5 years, gets up every morning and goes to make some money. Then the government takes a chunk of it and gives it to the guy with money.
Ain’t socialism/fascism great?
Ha! All the green jobs have come to Canada! 😉
Hop onto your bicycle and get moving, I hear their hiring down at the windmill ….
There aren’t enough windmills and solar panels in the universe to replace the fossil fuels we rely upon.
Electric cars will never be big …. we couldn’t handle the electricity costs and the never ending brown outs when everyone comes home and plugs in.
Further …. those battery cars are just toxic waste looking for a place to pollute.
Death to Green …. then go find a real energy source that isn’t a joke.
a Wang mobile, lucky he didn’t start a burger chain…………..
In a related story … Joey Chestnut ate 72 Hot Dogs in the Nathan’s contest this past 4th of July.
like a bad neighbor…obama was there
or a sausage factory
It never fails to amaze me how so many politicians seem to lack general knowledge. A company, that builds no cars presently, promising to build a couple hundred thousand cars per year is pure pie in the sky. Those kind of numbers are representative of hitting a sales home run with a new product. Look at Tesla. Given all that hype, it’s still in the sub- 100k cars per year category. People in charge of public finances simply have to be smarter than that.
Meanwhile, Vancouver’s mayor Moonbeam wants to slow all traffic to 30KM or less anywhere in the city.
The premise is that fewer cyclists will be killed, never mind the cost in commerce and convenience. As an added bonus, those few pure electric cars (mostly owned by city departments) will bet a much greater range without being made to look bad by all those pesky gasoline fired cars that operate more efficiently at 50KM/Hr.
Moonbeam just had his police department buy two fully electric motorcycles having a supposed range of 250km and top speed of 165km/hr.
Oddly enough, the one thing they didn’t mention was the price of the two bikes.
and the voters fall for it E-V-E-R-Y T-I-M-E.
now who’s the stooopid one?
Historybuff- Yes, there’s a connectivity to the mutual disconnect. Do the politicians bank very routinely on the overall lack of general knowledge of the electorate, or does the electorate place an inordinate amount of faith in the general knowledge of those they elect? Or, is it an unfortunate combination of both?
I recognize that there are many politicians out there promoting schemes that are pure pie-in-the-sky because they have an inside line to the cash, or have other agendas in play. That’s a given, but corruption and or stupidity of politicians can’t simply be as vast as the evidence might suggest, can it?
Here in Alberta, we taxpayers have had to fight off promoters of a high speed rail link between Calgary and Edmonton for 30 years. The math doesn’t work, based upon simple analysis, yet it’s very, very hard to convince many in government that it’s a bad idea. It really is. What other factors am I not seeing?