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Now that the Solyndra "scandal" has subsided, there may be another kerfuffle coming along similar lines.  All I need to give you is the first paragraph of the story from Reuters to see what I'm talking about:

China's largest automotive parts supplier is poised to take control of U.S. battery maker A123 Systems , which received a $249-million green-technology grant from the Obama administration in 2009.
The dough came from the Electric Drive Battery and Component Manufacturing Initiative.

It's possible that Romney and the Repubs might not criticize the fact that the Chinese are benefiting from Obama's loose purse strings since, after all, capitalism is capitalism.  On the other hand, they might choose to use it as a red scare mongering attack. Of course, the investment by the Chinese company could preserve jobs, but that wouldn't stop the Repubs from criticizing it. Time will tell.  

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Comment Preferences

  •  Tip Jar (5+ / 0-)

    The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

    by accumbens on Wed Aug 08, 2012 at 11:25:15 AM PDT

  •  The Chinese are pumping $450 million into (7+ / 0-)

    the company. Clearly they think the company is valuable but it doesn't mean they're taking anything away from American taxpayers, rathere they're helping to ensure our initial $249 million continues to work. But you're probably right, the lunatic brigade will find a way to put a negative spin on this.

    Many people thought Bush was "the kind of guy you wanted to have a beer with". People are beginning to realize that Romney is "the kind of guy you want to pour a beer on".

    by ontheleftcoast on Wed Aug 08, 2012 at 11:30:43 AM PDT

  •  we lost precious time during the Bush Error (2+ / 0-)
    Recommended by:
    accumbens, PeterHug

    chasing terrorists all around the globe - while China was garnering the
    green energy & battery market.
    Obama comes in and tries to get the U.S. in the game, but probably too late for the batteries.

    "Tax cuts for the 1% create jobs." -- Republicans, HAHAHA - in China

    by MartyM on Wed Aug 08, 2012 at 11:44:27 AM PDT

  •  That is so damned annoying. Why do the (3+ / 0-)
    Recommended by:
    FG, Pluto, koNko

    Chinese just buy what they want?  Why can't they go out and capture it like good hunter/gatherer capitalists?  Why can't they understand that "free market" is a two-step process -- take free stuff and sell it for a profit?

    Willard's forte = "catch 'n' cage". He's not into "catch and release."

    by hannah on Wed Aug 08, 2012 at 11:44:32 AM PDT

  •  Welcome to the future - (0+ / 0-)

    We invent it.
    We develop it.
    They buy the plant & process and then manufacture it
    --
    and then
    They sell it back to us at a profit (for them).

    cf. solar panels etc.

    Capitalism knows no borders. Wherever money can get to it can make more of itself for you. [If you have some to start with that is]

    "I believe that Marketing begins at conception" - Stephen Colbert

    by daddybunny on Wed Aug 08, 2012 at 01:03:53 PM PDT

  •  From the Dtroit News article on the deal (1+ / 0-)
    Recommended by:
    Adam AZ
    In an interview, A123 CEO David Vieau said the company has had preliminary talks with the Energy Department about the Chinese financing, but he said he expected A123 would be able to use the remaining funds "to build factories and create American jobs."

    He also said he expected A123 would continue to operate as a standalone company for the time being and pointed to Wanxiang's track record in the U.S.

    From The Detroit News

    We shall see, I suppose.

    They have about 120 million of the 2009 stimulus money left in hand.

  •  Is there something wrong (1+ / 0-)
    Recommended by:
    KenBee

    With Chinese investment in the US?

    What about my Daughter's future?

    by koNko on Wed Aug 08, 2012 at 05:17:39 PM PDT

    •  no, if it stays here (0+ / 0-)

      and the plant isn't packed up and shipped

      so here's a question for you, since, here you are....and there you are :> and your views ar always worth noting imo...

      what about  Sheldon Adelson taking documents from Macau he wasn't supposed to..... the Chinese administrators want a word with him..and he paid a $300 million fine for an earlier problem, can't remember what it was.....IIdon'tRC

      Is he is going to turn up with a little flap on his back with a Chinese hand in there pulling his strings?

      Do you think it possible Adelson is representing Chinese govt and private interests in the US?

      do you think he is laundering/funneling private and state Chinese money into the campaign?

      do you think that's a bad thing?

      This machine kills Fascists.

      by KenBee on Wed Aug 08, 2012 at 10:43:20 PM PDT

      [ Parent ]

  •  Fox is attacking (0+ / 0-)

    Fox spent a good portion of the morning talking about it, from what I gathered trying to avoid a political discussion during a family vacation. Eventually my mom switched channels, but they were freaking out screeching that 250mil in grants to the chinese is too much and how clean energy just isnt worth it. Of course, the doe grant cannot be used to build or hire outside the us, I don't believe, but they left that out. Either way fox is hammering with it now.

    If only Michael Phelps hadn't smoked that pot...imagine what he could have accomplished with motivation and good lung capacity.

    by papa monzano on Fri Aug 10, 2012 at 04:45:59 PM PDT

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