Dead Battery: $129 Million Federal Grant Short Circuits

Written by Gary North on November 1, 2012

A battery manufacturing company has declared bankruptcy, taking $249 million on Obamagrants with it. It was clean energy: clean gone. It was green energy: $129 million worth. The company created 408 new jobs. Those jobs are now gone, as is the company. The company? A123. I get it. “Pouring money down a rat hole is […]

Continue reading →

$700 Million Bridge to the Suburbs of Nowhere

Written by Gary North on May 15, 2012

I am speaking of the The Knik Arm Crossing Project. Guess where it is located. I’ll give some clues. KABATA’s goal is to construct a cost-affordable, vehicular toll bridge of about 2.7 miles across Knik Arm. Because there are no roads in the area served by the bridge, the project involves the construction of 19 […]

Continue reading →