Job Numbers Vary Widely for Taxpayer Funded Electric Car Battery Maker A123 Systems

Michigan Capitol Confidential ^ | 7/11/2013 | Tom Gantert

[MichCapCon]

Electric car battery maker A123 Systems was offered as much as $350 million in state and federal incentives in 2009 to help create jobs and make Michigan the regional leader in battery production.

Four years later, it's difficult to tell just how many jobs were created for the now bankrupt company.

For example, the Michigan Economic Development Corp. gave a report to state legislators in April that claims the company had 844 full-time employees at the Livonia battery plant as of Sept. 30, 2012.

That was just 16 days before A123 Systems filed for bankruptcy. The company now goes by B456 Systems as part of its bankruptcy agreement.

But the 844 employees also don’t add up to what the company reported to the federal government as part of the $249 million federal stimulus grant it received. For the quarter ending Sept. 30, 2012, A123 Systems reported having just 6.71 jobs paid for with stimulus funds.

The actual dynamics of how payroll was distributed and to how many employees is unclear to state and federal government officials.

Kathy Fagan, spokeswoman for the MEDC, said the jobs number for A123 Systems was taken directly from A123's payroll records.

"The feds may break out their numbers differently, but we don't have anything to do with that," Fagan said in an email.

A123 Systems reported it terminated all of its employees after filing for bankruptcy in October 2012 and selling its assets to the Chinese company, Wanxiang, in January 2013, according to a report filed with the U.S. Securities and Exchange Commission.

State Rep. Tom McMillin, R-Rochester Hills, said in an email that he has looked into A123 Systems’ jobs numbers in the past.

“This is typical for central planning efforts — big press releases, millions taken from long-time tax paying businesses and given to a company that goes bankrupt," Rep. McMillin said.

James Hohman, fiscal policy analyst for the Mackinac Center for Public Policy, said what’s also troubling is how difficult it is to get reliable jobs data for projects that take hundreds of millions of taxpayer dollars.

Jeff Kessen, director of global marketing for A123 Systems, said he didn't know where the jobs numbers came from for the various reports so he couldn't comment on why they were so different.

[traditional1]

The Stimulus "Grant", aka, Taxpayer money-laundering to Cronies and Donors, is a multi-million dollar wealth-redistribution at YOUR (Taxpayer) expense in Taxes.

This is what today's government is now ALL about (it's worked this way for a long, long time).

The "Governement" is merely a front organization for Banks and Donors and Lobbyists, who get Legislation Passed to benefit them in large doses, and let Taxpayers foot the bill, or, allows them to raise prices to Consumers, claiming "Legal Mandates" have to be recovered somehow.

You don't have to leave your home to purchase things anymore; the Government chooses what you "buy" with your Taxdollars, and you get zero benefit, but Friends of the Politicians earn Millions in handouts every day.

Global Warming is just such a scam, claiming it's going to "Save The Planet", when, in fact, there are Donors and Investors and Banks who will reap Billions in handouts and that's ALL this is about. State-Run-Media is the Marketing Department for these assholes, "reporting" to enhance your swallowing the bullshit propoganda to increase your Earnings being taken and handed to others.

[Carriage Hill]

Lies, corruption, fraud, scam, embezzlement etc etc etc. Payback to 0scumbag’s bundler donors, cronies and chums. From A123 to Solyndra, there’s billions and billions of US Taxpayers’ hard-earned dollars missing and unaccounted for.