Page 4 - 249 Million News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Booth but what obama is seeding entire garden of cronyism. >> i asked the question, and the answer, we have to decide whether we want to participate in these new technologies, this new industry, and that's a political decision. we ought to invest in these technologies so they don't go overcast. >> there's a role for government and basic research, but another thing entirely to put $535 million into a solyndra or $249 million into an a123 systems. they're taking risks that private sector investors can take with their own money. they're risking my money on solyndra and a123. a123 systems had priv...

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 m...

I'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. >> he said that i said we should take detroit bank rup. that's right. my plan to have the company go through bankruptcy like 7-111 and macis and continental airlines and come out stronger. i know he said you want to take detroit bank ruptt. and the president took general motors bankrupt and chrysler bankrupt and so when you say i wanted to take the auto industry bankrupt, you actually did. that was a process that was necessary to get those companies back o...

The company is called a-123. they are a lithium ion battery company. they had received $132 million of a $249 million federal grant and it's another example of the danger in trying to seed companies with federal money that sometimes doesn't work out. the assets are continuing to work in the battery business bought by one of the biggest battery companies in the country, johnson controls. a little bit curious that this did not come up but i guess they had other things to focus on. >> they were and the questions weren't there as well. tyler mathison, it's good to see you again. >> thank you. >> w...

By people who are contributors to your campaign. bill: stu varney, fox business network. good morning to you. what is the deal with this company out of massachusetts. >> another green energy bust. a123 make electric car batteries. they were supposed to pay some of their debt today. they can't come up with the money. furthermore they might not have enough cash to stay in business. they whiffle explore going into bankruptcy. this follows the bankruptcy of enter 1, another electric car battery maker bankrupt sometime ago. the sole reason, bill, we're not buying electric powered cars. even with $4...