It's About Liberty: A Conservative Forum

Topics => Economy => Topic started by: LadyVirginia on September 17, 2013, 01:29:29 PM

Title: ECOtality was awarded $115 million in stimulus funds files for bankruptcy
Post by: LadyVirginia on September 17, 2013, 01:29:29 PM

Rush mentioned this.

They install charging stations.

http://freebeacon.com/ecotality-files-for-bankruptcy/ (http://freebeacon.com/ecotality-files-for-bankruptcy/)

Quote

“Government is terrible at picking winners and losers for a simple reason: Politics always interferes,” said William Yeatman, an energy policy expert at the Competitive Enterprise Institute, in response to the bankruptcy news.

“That news is only the latest costly reminder that Energy Department bureaucrats shouldn’t be running a taxpayer-backed investment bank for green energy,” Yeatman said in an email.

Jonathan Read, the company’s former CEO, styled himself as a “political beast.” Read boasted about his political connections, and received bonus payments contingent on ECOtality winning DOE support.

Title: Re: ECOtality was awarded $115 million in stimulus funds files for bankruptcy
Post by: Pandora on September 17, 2013, 05:09:19 PM

Suh-PRIIIIIZE!

Title: Re: ECOtality was awarded $115 million in stimulus funds files for bankruptcy
Post by: Libertas on September 17, 2013, 08:15:21 PM

What?  You built it and nobody came?!

 ::hysterical::