Obama's Energy Department Spent $150 Million So LG Chem Employees Could Play Games And Watch Movies
In 2010, Obama Visited LG Chem And Said "This Is A Symbol Of Where Michigan Is Going, This Is A Symbol Of Where Holland Is Going, This Is A Symbol Of Where America Is Going." OBAMA: "So to all of you who have been part of this project, thank you. This is a symbol of where Michigan is going, this is a symbol of where Holland is going, this is a symbol of where America is going." (President Barack Obama, Remarks On Advanced Batteries At Compact Power, Holland, MI, 7/15/10)
LG CHEM PAID "IDLE WORKERS" TO PLAY GAMES AND WATCH MOVIES
Federal Inspectors Found That Battery Maker LG Chem "Never Scaled Up U.S. Production Despite Receiving $142 Million In Federal Grants." "The Obama administration's electric car efforts took another hit on Wednesday after a federal inspection found a South Korean advanced battery maker never scaled up U.S. production despite receiving $142 million in federal grants. A Holland, Mich., factory owned by LG Chem Ltdl, part of LG Corp., was half-funded by a government grant and estimated to add some 440 jobs building battery cells for General Motors Co.'s Chevrolet Volt and other vehicles." (Ryan Tracy, "U.S. Funded Idle Time At Battery Factory," The Wall Street Journal, 2/13/13)
The Department Of Energy's Inspector General Found That LG Chem "Paid Idle Workers $1.6 Million" To Play Board Game And Watch Movies. "The inspector general said that to avoid layoffs at the factory LG Chem paid idle workers $1.6 million in the third quarter of last year, about half of which was covered by its U.S. grant, even though there was nothing for them to do. The workers played board games, watched movies, and volunteered at local animal shelters during regular work hours, Mr. Friedman said." (Ryan Tracy, "U.S. Funded Idle Time At Battery Factory," The Wall Street Journal , 2/13/13)
- The Department Of Energy: LG Chem "Inappropriately Claimed And Was Reimbursed For Labor Costs That Did Not Support The Purpose/Objective Of The Grant." "'LG Chem Michigan inappropriately claimed and was reimbursed for labor costs that did not support the purpose/objective of the grant, including costs for workers to perform volunteer activities, play games and watch movies during regular work hours,' according to the report by the DOE's Office of the Inspector General."
DOE Failed To Protect Taxpayer Money
The Department Of Energy's Inspector General Blamed DOE Officials For "Failing To Write Adequate Oversight Protections Into The $142 Million Grant It Awarded To Lg Chem." "The Inspector General blames both LG Chem and DOE officials, charging DOE with failing to write adequate oversight protections into the $142 million grant it awarded to LG Chem to build the Holland plant." (Jeff McMahon, "Michigan Battery Firm LG Chem Returns $842K In Stimulus Funds After Waste Allegations," Forbes, 2/13/13)
DOE Inspector General's Report: "The Department Did Not Always Take Sufficient Action To Ensure Adequate Oversight Of Project Progress And, In Turn, Protect The Taxpayers $142 Million Investment In The Project." "Notably, LG Chem Michigan did not fully realize the grant's target goals, and the Department did not always take sufficient action to ensure adequate oversight of project progress and, in turn, protect the taxpayers $142 million investment in the project." (Office Of Inspector General, "Special Report: The Department Of Energy's Management Of The Award Of A $150 Million Recovery Act Grant To LG Chem Michigan Inc., The U.S. Department Of Energy, 2/8/13)
LG CHEM IS JUST THE LATEST IN OBAMA' ENERGY INVESTMENTS "THAT HAVEN'T PANNED OUT"
"LG Chem Is The Latest Of Several Recipients Of Federal Funds, Including Solar Panel Maker Solyndra Llc, That Haven't Panned Out. Solyndra Filed For Bankruptcy In 2011." (Ryan Tracy, "U.S. Funded Idle Time At Battery Factory," The Wall Street Journal, 2/13/13)
A123 Systems, Backed By $250 Million In Taxpayer Funds, "Filed For Bankruptcy" And Was "Sold To A Chinese Auto-Parts Firm." "Another recipient, A123 Systems Inc., got about $250 million in federal funds for plants in Michigan. It filed for bankruptcy in October and its automotive assets have been sold to a Chinese auto-parts firm." (Ryan Tracy, "U.S. Funded Idle Time At Battery Factory," The Wall Street Journal, 2/13/13)
Government Accountability Green Energy Failures