Oct 16, 2012

Caught! Paul Ryan plans to be a JUST PRETEND VEEP! Obama-Romney perform Tonight

Made for TV; Ryan pretends to work for the cameras.   The Soup kitchen people weren't happy the Romney-Ryan campaign pushed their way in when a volunteer unlocked the door to the empty building.   After being caught for the stunt, the campaign said he was just providing publicity for the soup kitchen.

(Believe that?   They also have a 
HEALTH CARE PROGRAM for you!)

 


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  Could we be in for RIOTS depending on Election Results?  

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Michael Snyder   From the sensational ALEX JONES InfoWars website as headlined on Saturday's right-leaning DRUDGE REPORT!
The Economic Collapse
Oct 12, 2012
 
Will the most divisive campaign in modern American history culminate in massive riots in our major cities? 

 Right now, supporters of Barack Obama and supporters of Mitt Romney are both pinning all of their hopes on a victory on November 6th.  The race for the presidency is extremely tight, and obviously the side that loses is going to be extremely disappointed when the election results are finalized.  But could this actually lead to violence?  Could we actually see rioting in communities all over America?  Well, the conditions are certainly ripe for it.

A whole host of surveys over the past few years have shown that Americans are very angry and very frustrated right now.  In fact, a Pew Research Center poll from late last year found that 86 percent of all Americans are either angry or frustrated with the federal government.  We have seen this frustration manifest in protest movements such as the Tea Party and Occupy Wall Street, but right now things are fairly calm as liberals and conservatives both look forward to November 6th.  Many Republicans started the countdown to the next election literally the day after John McCain lost back in 2008.

All of their hopes of getting Obama out of the White House are riding on a Romney victory.  For many Democrats, Barack Obama is a “once in a generation” icon.  Just the thought of Mitt Romney replacing Obama in the White House is enough to push many of them to the brink of insanity.  In recent years we have seen horrible rioting erupt in cities after major sports championship games.  How much worse could the rioting potentially be if this bitterly contested election is decided by a very narrow margin – especially if there are allegations that the election is “stolen”?      

Read the REST and also INFLAMMATORY COMMENTS that probably would concern YOU, and Homeland Security, if they're doing their jobs!


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More cops doing "Us versus Them"
Police turn Idaho domestic disturbance into a Swat scene by profiling arguing couple as "Constitutionalists".     Read it, LISTEN to it.  You won't believe this political profiling by cops!

Check it from Banoosh/Occupy WallStreet.....
More on the story with pictures....

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 VIDEO from HBO's "The Newsroom."    The Tea Party is America's Taliban.    Watch their essay on the sad state of Insanity Politics like it never was in the 20th Century.



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Despite Court Order, At Least Five Pennsylvania Counties Still Telling Voters They Need ID To Vote

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Fox News Calls the election for Romney.   No Need for Republican TeaPartiers to vote on November 7th.


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  • A REAL commander in chief


    • Radioman KansaSitty Sorry, but I learned a long time ago that Bush's handlers were always in the right place at the right time with photo op cameras. You folks are wasting your time trying to repair that guy's reputation. He's laying low because he NEEDS TO. Between Bush, Cheney and Rumsfeld, Bush is only the smart one to lay low and accept his humiliation.

      I don't doubt his compassion for the men he sent into battle, or the sincerity of his photo here, but if the man has any conscience at all, he has his regrets for his decisions.
       I'm not so sure Cheney and Rumsfeld do. Don't disrespect the title of "Commander in Chief" to a man who sent men unjustly to war!

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TRUE CAPITALIST INVESTMENT  versus Safe PROFITEERING!


Electric Car Battery Maker A123 Systems Files Bankruptcy

A123 Systems Inc. (AONE), a maker of rechargeable lithium-ion batteries for electric cars, filed for bankruptcy after failing to make a debt payment that was due yesterday.

The company listed assets of $459.8 million and debt of $376 million as of Aug. 31 in Chapter 11 documents filed today in U.S. Bankruptcy Court in Wilmington, Delaware.

A123 didn’t expect to be on time with an interest payment due yesterday on $143.8 million of notes expiring in 2016, or to make a payment due yesterday on $2.76 million in outstanding 6 percent notes, the Waltham, Massachusetts-based company said yesterday in a regulatory filing.
“The company may not have sufficient cash to fund operations and may need to seek the protections provided under the U.S. Bankruptcy Code,” A123 said.

The bankruptcy filing may fuel further political debate over government financing of alternative-energy and transportation businesses. Federal grants and loans to companies including A123, Fisker Automotive Inc. and Tesla Motors Inc. have drawn scrutiny from congressional Republicans following the September 2011 bankruptcy filing of solar-panel maker Solyndra LLC two years after it received a $535 million loan guarantee from the U.S. Energy Department.

Shares Fall

A123 fell as much as 16 cents, or 70 percent, to 7 cents a share in over-the-counter trading as of 9:43 a.m.
A123, which received a $249.1 million federal grant in 2009 to build a U.S. factory, needed a financial lifeline after struggling with costs from a recall of batteries supplied to Fisker, the plug-in hybrid luxury carmaker. A123 announced in August that it was working on a deal with Wanxiang Group Corp., China’s largest auto-parts maker, for financing in exchange for a majority ownership stake.

Wanxiang plans to invest as much as $465 million in A123, giving the Hangzhou, China-based company a stake of as much as 80 percent, A123 said in an Aug. 16 statement. In yesterday’s filing, A123 said it was considering strategic alternatives including “one or more potential transactions” to address its liquidity problems. There is “no assurance” that A123 will be able to find a way to continue to operate its business as a going concern, the company said.

Obama’s Call

President Barack Obama called A123 Chief Executive Officer David Vieau and then-Michigan Governor Jennifer Granholm during a September 2010 event celebrating the opening of the plant in Livonia, Michigan, that the company received the U.S. grant to help build.
“This is about the birth of an entire new industry in America -- an industry that’s going to be central to the next generation of cars,” Obama said in the phone call, according to a transcript provided by the White House. “When folks lift up their hoods on the cars of the future, I want them to see engines and batteries that are stamped: Made in America.”
Electric-vehicle sales since 2011 totaled fewer than 50,000 through September, just 5 percent of Obama’s target to have 1 million such vehicles on U.S. roads by 2015.
Republican presidential candidate Mitt Romney said last month that Obama has picked “losers” for alternative-energy loans and grants. His running mate, Paul Ryan, has called for all green-energy subsidies to be eliminated.

A123 has posted at least 14 straight quarterly losses. Its shares have fallen 85 percent this year to 24 cents at yesterday’s close in New York and traded at 16 cents at 8:29 a.m. before the start of regular trading.

The case is In re A123 Systems Inc., 12-49658, U.S. Bankruptcy Court, District of Delaware (Wilmington).

To contact the reporter on this story: Dawn McCarty in Wilmington at dmccarty@bloomberg.net: Craig Trudell in Southfield, Michigan at ctrudell1@bloomberg.net;
To contact the editor responsible for this story: John Pickering at jpickering@bloomberg.net

TRY, TRY HARDER!

Showing 4 of 167 comments on Electric Car Battery Maker A123 Systems Files Bankruptcy

Well, this happens as we try and try to get the market to kickstart.    Imagine all the flyers who tried to go airborne and crashed...until they got it right.   And the markets finally decided there was some serious potential here.

Don't give up too early.    New technology is risky and subject to early failures.
The difference between investors THEN and investors NOW, is that investors THEN were following a dream.   Investors TODAY just want safe, sure bets.    Today's people don't have vision....only greed to make money.

The question is, why do the Republicans highlight only the Obama enterprise failures, when actually they theoretically SUPPORT risk capital?

Republicans suggesting THIS is where the future of American capitalism resides.  Private enterprise trying new things.  Capitalistic Risk.    I agree.    But ya can't have it both ways, folks!  Some will win, some won't.  That's the price of HUMAN PROGRESS!

We TRY AND TRY and fail until we DON'T!


Maybe GOP capitalists need to figure out what they really believe, and stick with it.   Eventually, today's better energy will PREVAIL over old oil..but let's be patient!    Let it happen.   And yes, with a bit of government encouragement.   Old oil is OLD.  And it's cost us all far too much.   Let's try something NEW!









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