root and putting people to work in every corner of the country. >> i had a friend who said, you just don't pick the winners and losers, you wick th pick the lo. all right? this is not the policy you want to have if you want america energy secure. >>a123 president obama was touting last year is another loser. the electric car battery-maker and recipient of a $249 million taxpayer-funded grant filed for chapter 11 this week. it joins the bankrupt and government-backed solar panel-maker solyndra as a result of president obama's failed energy policy. why did a123 fail? >> because you can't throw money at an industry and expect it to succeed. the technology has to be there. >> explain that. >> sure.