-By Warner Todd Huston
Another in a long list of Obama-touted and tax-supported “green energy” companies is on the verge of going out of business, this time in Michigan.
Two years ago, President Obama visited the LG Chem battery plant in Holland, Michigan. Obama then hailed the plant saying, “You are leading the way in showing how manufacturing jobs are coming right back here to the United States of America.”
But today, those LG Chem jobs Obama claimed were “coming back” are seeing intermittent layoffs instead of growth.
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Chevy Volt Battery Plant Floundering Despite $151 Million from Obama”
Last week the House killed a new Senate approved, bureaucratic boondoggle that according to the House Appropriations Committee would have cost taxpayers a minimum of $322 million buckaroos, and good on them for it.
It seems that the surest way to go bankrupt is to have President Barack Obama use your business as some sort of example of the wonders of his administration and we have yet one more example of that in Evergreen Solar, Inc., the heavily taxpayer funded business that has now closed its doors.
The United Auto Workers has 