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  1. The government should have quietly told JCI if they ever expect another cent of free federal funds they better not let a $250 million dollar investment in battery technology fall into the hands of the Chinese over $5 million. JCI is a pathetic company...
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    • Considering that A123 hemorrhages millions of dollars in losses every month this is makes better business sense. Why take on another company assets when you'll be losing money for the foreseeable future. Also, it wasn't just JCI alone that fell $5 mil short, they had a partner as well. I believe it was a Japanese company.
    • It's mostly an R & D company at this point which will always lose millions each month. That's why our government gives such generous tax breaks and grants to these companies for innovation.

      The last big company I worked for never actually made money in their 7 year existence. Collectively I think they lost over $300 million and were projected to lose another $75 million that year. Yet the company was bought after an IPO for over $2 billion. Oh and they creates about 700 high paying jobs without a single government cent...
  2. This is by no stretch of the imagination the fault of JCI. Our government flushes $133 million away and then decides to give this company to the Chinese over $5 million????? This is a deliberate act that is in no way being responsible to the American people. The efforts of the Obama administration to weaken this great country of ours are obvious and we will all pay the price shortly.
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  3. The fact that TAXPAYER money went into A123 ($133M)should have weighed significantly that the assets should remain in the US to benefit/potentially benefit the taxpayers with jobs. There should be stipulations on any money provided to a firm from our taxes that the funds/assets cannot be sold overseas if bankruptcy/merger/acquistion should occur. Essentially making sure if there is an American buyer, the people have a chance to recoup their lost savings(taxes) via the technology/assets staying in country. Our elected officials of both parties continue to fail us. Just disgusting. BTW, to Better w/o Bush,...thanks for the laugh by trying to blame this on JCI even after suggesting the government should have secretly told JCI what to bid. Let me know when you got the people responsible for the JFK assasination.
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  4. Can we just get government out of picking winners and losers? Please???
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  6. This is just plain wrong.
  7. Please --- Remember this allowed move by our government.

    When long lasting, small batteries will arrive and the consumers will get the shaft.

    Our businesses and government branches will get the shaft.

    Governments and people that hate the USA will get to use this upcoming technology against us.

    An industry that would of been an asset here in the USA; jobs and economic growth that were killed by this move.

    This is just another nail in our economic coffin.
    Yes we have created these nails before but why keep supplying the nails?


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