Bankrupt Obama-stimulus recipient A123 goes to the highest bidder: China

Bankrupt Obama-stimulus recipient A123 goes to the highest bidder: China. “…what we’ve essentially accomplished here is borrowing money from the Chinese, to build a company at a loss, to then sell it to the Chinese.” Well, now that the only buyer of Treasury bonds is the Fed, from now on we can print money to build a company at a loss to sell to the Chinese. Keen, er, Keynes!

Author: Bonfire of the Absurdities

After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

9 Comments
newest
oldest most voted
Inline Feedbacks
View all comments
I HATE THE MEDIA ™
Verified by MonsterInsights