WaPo: âAnother Company Out Of The Running For Obamaâs âGreen Carâ Programâ http://t.co/i1bsG5pW
— Joe Pounder (@PounderFile) March 8, 2012
They were such, um, floozies so promiscuous with the guaranteed loans earlier on:
One of the handful of remaining contenders to win the Obama administration’s funding to build “green” cars is out of the running.
Carbon Motors announced Wednesday afternoon that the Department of Energy has turned down the company’s application for a $335 million loan to build fuel-efficient police vehicles in a Indiana town hard-hit by unemployment. The news comes 30 months after the company first applied under a special green car loan program.
Carbon Motors officials said they had been assured their application to build a new plant, and create an estimated 1,500 jobs, was nearing approval.
“We are outraged by the actions of the DOE,” said William Santana Li, Carbon Motors’ chairman and chief executive officer. “In failing to deploy the tax dollars that Congress allocated for the creation of advanced technology manufacturing jobs in the U.S., the DOE [clean car] program represents a glaring failure of the Obama administration to create jobs that are clearly within its power to create.”
President Obama made government investment in clean energy companies an early hallmark of his administration, including a $25 billion loan program to support the manufacture of fuel-efficient and electric cars and fleet trucks. The Advanced Technology Vehicle Manufacturing program had been started under President George W. Bush, but gained new life under Obama with a major appropriation from Congress.
Yeah, well . . . they messed up. They trusted them.