Friday, November 5, 2010

More Stimulus will still not work

   I am still depressed with the outcome of the election in Massachusetts.  How can you vote to return the same people to office when they are the problem?  I'm sorry, but the next story just proves the point; do not expect government officials to create any jobs.

Stimulus ‘loser’ won’t build plant in Mass:

On the first day of June 2009, Christina Lampe-Onnerud smiled widely as she stood next to Gov. Deval Patrick and other state officials at an event in the central Massachusetts town of Auburn.
That’s where Lampe-Onnerud and her company, Boston-Power Inc. of Westborough, planned to hire 600 people to work at a new plant for manufacturing electric vehicle batteries — provided the federal and state governments would offer financial help.
Patrick and the other state officials were enthusiastic. But the excitement wasn’t shared by the federal authorities reviewing Boston-Power’s request for $100 million in stimulus money. The U.S. Department of Energy never spoke with the company before rejecting the application that August, Lampe-Onnerud said in a recent interview.
A total of $2 billion would go to other battery makers, including $249 million for Watertown-based A123 Systems Inc. to build a factory in Michigan.
Now, Boston-Power is shifting the plans for its lithium-ion battery plant to China, and possibly also to Europe, Lampe-Onnerud said. With the U.S. government support for its competitors, and higher cost of doing business, there’s no way the company can make it work in Massachusetts or anywhere else in the country, she said.

Read more: Stimulus ‘loser’ won’t build plant in Mass. | Boston Business Journal

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