A news service for the people of Michigan from the Mackinac Center for Public Policy

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A123 Files for Bankruptcy

Yet another failure of central planning

Electric car battery-maker A123 Systems has filed … just a few months ago A123 awarded sweetened … increases top executives at A123 Systems have received. In … more

A123 Logs Its Own List of Failures

Like Solyndra, hundreds of millions in government subsidies didn't stop company from going bankrupt

… Barack Obama highlighted A123 Systems during a White … way he envisioned. A123 Systems has become … green-energy failures. However, A123 Systems, which has … administration trumpeted A123s Michigan battery plant … more

Terrible Track Record

Government's 'green' venture capitalism experiment a failure.

… failures like Solyndra, A123 , LG Chem , Energ1 … more

MEDC Removes Video of Obama, Top Dems Praising Failed Battery Company

YouTube promotion showed Obama, Granholm, Levin and Stabenow promising thousands of jobs

… battery manufacturer A123 Systems. At the … Stabenow. Since then, A123 has shed money , … the initial roll-out, A123 is being acquired … initiatives. Michigan gave A123 Systems $100 million … more

Government-Backed Green Energy Company Sweetens Package For Top Executives Despite Mounting Problems

In SEC filings, A123 Systems raises 'substantial doubt on the Company's ability to continue'

… lose their jobs. A123 Systems, which opened … Korea in February. A123 Systems, which received … Development Corp. said A123 Systems hasn't received … from them yet. But A123 Systems stated it expects … more

Video Shows President Obama, Top Politicians Praising Failed Green Company

Obama, Granholm, Levin, Stabenow and Energy Secretary Chu all praised troubled battery manufacturer

… subsidized and now-troubled A123 Systems battery manufacturer. The … battery manufacturer A123 Systems. A123 Systems, which opened … was filed against A123 Systems this week on … more

Dead Batteries

… energy” failure as A123 Systems, another battery … more

Activist Group Claims Government Subsidized Green Energy Projects Are Worthwhile

The free-market vs. government cronyism

… bankruptcies of Solyndra and A123 Systems as a few falling … Companies A123 Files For Bankruptcy - … more

Subsidized Green Energy Company Struggles, Lays Off Workers — Rewards Top Executives

Analyst: 'It looks like they are trying to pad their top people’s wallets in case something really bad happens'

… Chief Financial Officer of A123 Systems the battery … quarters of 2011. A123 Systems also learned … its own employees. A123 Systems had invested … Fisker. Yet, this month A123 s Compensation Committee … more

President Sees Bright Green Future for Battery Jobs; Details Show Reality Still Very Cloudy

… employees. The exception was A123 Systems which has just reached … companies, including A123 Systems, predict they … first place? A123 Systems seems to be … lithium-ion batteries in North America. A123 Systems is headquartered … more

Michigan Home to Half of the Largest Bankrupt Green Energy Companies

Pushed by former Gov. Granholm, the state has four of the top eight stimulus-backed 'green' failures

… operations included A123 Systems, Azure Dynamics, … jobs exist. A123 Systems had a plant … reports . ~~~~~ See also: A123 Files For Bankruptcy … more
MCC2011-01

“Funny Numbers”

Critics of special business subsidies say state’s economic planners use shaky data to make decisions

… Michigan jobs, and A123 Systems production … projecting for the A123 Systems plant. The state … from April of 2009, A123 Systems plans to create … jobs created by the A123 Systems plant, but jobs … more

Michigan Taxpayers Writing Check to Second Electric Car Battery Maker for $100 Million

… car battery plant, A123 Systems, will receive … 38-0 in Senate. The A123 Systems renaissance … tax credits for both A123 Systems and LG Chem.* … Massachusetts-based A123 Systems is the beneficiary … more

“…Funny Numbers They Pull Out of Their Backside”

Critics of special business subsidies say state’s economic planners use shaky data to make decisions

… Michigan jobs, and A123 Systems' production … projecting for the A123 Systems plant. The state … from April of 2009, A123 Systems plans to create … jobs created by the A123 Systems plant, but … more

Experts Say State Battery-Plant Subsidy Is a “Risky Venture”

… worthwhile investment is that the A123 Systems plant could … said. Without that, he says the A123 Systems plant in Livonia "will … Adriaens called the A123 plant a risky venture. "We … in 2005. Since then, A123 states that it had net losses … more
MCC2011-01

Gov. Granholm Touted Jobs Costing Taxpayers $113,000 Each

… subsidies it took to get A123 Systems to put its plant … invisible losers. A123 was awarded $249 million … world thanks to companies like A123 and global leaders in … more

Michigan Governor Touts Jobs Costing Taxpayers $113,000 Each

… subsidies it took to get A123 Systems to put its plant … invisible losers." A123 was awarded $249 million … thanks to companies like A123 and global leaders in … more

Michigan Senate Revives Corporate Welfare Scheme Governor Vowed to End

Bill authorizes $50 million from state for another electric car project

… Michigan workers ( A123 Corporation ), the … In addition to the A123 operation a second electric … Post reports that A123 has received $380 million … more

Cost to Revive Economy With Battery Plant Subsidies: $5 Trillion

… Massachusetts-based A123 Systems will also receive … worker they hire. A123 Systems, which is also … and China. Indeed, A123 Systems all but admits … more

What's in a Number? Job Projections Inflated as 'Job Years'

A case study in how media and researchers can exaggerate economic impact findings

… media. That 2009 company is A123 Systems and the Michigan … semantics." However, as the A123 Systems jobs forecast … more
Chevy Volt

Chevy Volt Costing Taxpayers Up to $250K Per Vehicle

Analyst: 'This might be the most government-supported car since the Trabant'

… $256,824. For example, A123 Systems has received … Fisker will use the A123 system for example) … more

State’s Economic Central Planning Agency Behaving Differently Under New Leadership

… about 2,200-plus jobs A123 Systems would provide … more

Tight security locked out dozens of anti-right-to-work protesters from the State Capitol as Governor Snyder was delivering his "State of the State" address. Protesters tried to disrupt the speech by banging and chanting outside the building.

Most Popular

SEIU TAKES $33M AND COUNTING
FROM MICHIGAN HOME HELP PROGRAM PROVIDERS — OFTEN FAMILY MEMBERS

ATTORNEY GENERAL ORDERED THE STATE TO STOP TAKING MONEY ON MAY 25, 2012
[clock1]
Skimmed since November 2006
[clock2]
Skimmed after reaching the MI Senate in June 2011
[clock3]
Skimmed after the bill was signed April 10, 2012
[clock4]
Skimmed after the Attorney General
opinion May 25, 2012

The Service Employees International Union (SEIU) "organized” Michigan's self-employed Home Help Program providers for the purpose of skimming dues from their ailing and disabled clients' Medicaid subsidy checks. The majority of these providers are relatives or friends taking care of loved ones. It’s been estimated that less than 25 percent of the providers are hired in an employment setting.

The first counter tallies SEIU dues skimmed since the union and state officials first launched this scheme in late 2006. The second shows the amount skimmed since June 9, 2011, when the Michigan House passed and sent to the Senate a bill to ban this and all similar “stealth unionization” efforts. The third counter shows the dues skimmed since the Governor signed the bill into law on April 10, 2012. The fourth counter shows the amount skimmed since May 25, 2012, when the Attorney General opinion was announced.

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