I just keep losing your tax money. S...

I just keep losing your tax money. Sorry. I'm distracted and playing golf.

Posted in the Jackson-Heights Forum

Obama

Los Angeles, CA

#1 Sep 6, 2013
Washington Indiana-based AM General agreed to acquire the Michigan-based MV-1 wheelchair accessible vehicle funded by the Obama administration with a $50 million loan.

AM General said it had reached a deal with the U.S. Department of Energy to purchase the DOEs secured loan to the Vehicle Production Group LLC. AM General bought the loan for $3 million.

VPG originally developed and manufactured the MV-1, the only U.S.-built vehicle specifically designed from the ground up to meet the needs of wheelchair passengers. Built in Mishawaka, Ind. by AM General at its former Hummer facility, the wheelchair-accessible vehicle ran on compressed natural gas or gasoline.

The Obama administration said it will lose money on the investment. It previously recouped a $5 million reserve fund, so its not clear how much of the remaining $45 million it lost. But chances are it lost tens of millions of dollars, since there was little outside interest for the start-up. The Energy Department auctioned off its outstanding loan in recent weeks to exit the troubled investment.
Nevermind the facts

Southold, NY

#2 Sep 6, 2013
Obama is President. We must blindly follow.
CTM

Southbury, CT

#3 Sep 6, 2013
It should be easy to follow where the money went, so why is there no SEC action or charges of fraud? And it's a "tough call" to define exactly what got us into the recession.
Obama

Los Angeles, CA

#4 Sep 6, 2013
Just spoke with my advisors.

The $45 million was not lost. It was spent here in America on good paying green jobs of the future.

We're investing in America.
Dumb American

Fullerton, CA

#5 Sep 6, 2013
Obama wrote:
Just spoke with my advisors.
The $45 million was not lost. It was spent here in America on good paying green jobs of the future.
We're investing in America.
That makes me feel better. Keep up the good work.

“Lovely year for a Guinness”

Since: Dec 07

Daytona Beach

#8 Sep 9, 2013
Nevermind the facts wrote:
Obama is President. We must blindly follow.
I hope your not a Navy Commander with his finger on a missile

“Lovely year for a Guinness”

Since: Dec 07

Daytona Beach

#9 Sep 9, 2013
Obama wrote:
Just spoke with my advisors.
The $45 million was not lost. It was spent here in America on good paying green jobs of the future.
We're investing in America.
Didn't realize there were green jobs in Detroit
CTM

Southbury, CT

#10 Sep 9, 2013
Where do I apply for my green loan? I'll gladly pay back 5 of the 50 million. My green project is a small private island.
Gotekgroup

Scranton, PA

#12 Sep 10, 2013
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