Wednesday, April 25, 2012

Russia's New Technology

August 2009 the government awarded $118.5 million dollars in stimulus money to the ENER1 battery company. ENER1 battery company was supposed to be the wave of the future according to Joe Biden in January of 2011.  At that time Biden said the company employed 80 people.  One year later, January 2012 ENER1 went bankrupt with $90 million in dept, AFTER using up $54.9 million of the awarded stimulus, plus more $$$$$$ that the state and city gave the company. Two branches of our military, Army and Navy, tried to help by giving ENER1 contracts for batteries and other material's for the unmanned aerial vehicles.
Now ENER1 is owned by a Russian businessman who purchased the company from bankruptcy.

AS I SEE IT:  Russia no longer has to steal technology from us.  Obama and Biden will use our tax dollar to invent the technology then sell it to Russia on the cheep.

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