The Hill

An Indiana-based energy-storage company, whose subsidiary received a $118.5 million stimulus grant from the Energy Department, filed for bankruptcy Thursday.

Ener1 is asking a federal bankruptcy court in New York to approve a plan to restructure the company’s debt and infuse $81 million in equity funding.

“This was a difficult, but necessary, decision for our company,” Ener1 CEO Alex Sorokin said in a news release. “We are extremely pleased to have the strong support of our primary investors and lenders to substantially reduce the company’s debt.”

The company said it hopes the plan will “support continued operation of Ener1’s subsidiaries and help ensure that the restructuring will not adversely impact their employees, customers and suppliers.”

The Energy Department in 2009 approved a $118.5 million stimulus grant for EnerDel, a subsidiary of the company that develops lithium-ion batteries used in electric vehicles. The company has so far spent $55 million of the federal funding.

“While it’s unfortunate that Ener1, the parent company, has entered a restructuring process, the new infusion of $80 million in private capital demonstrates that the technology has merit,” Energy Department spokeswoman Jen Stutsman said in a statement.

“The restructuring is not expected to impact EnerDel’s operations and the company has made clear that they do not expect to reduce employment at the site.”

EnerDel has received support from Republicans, including more than $4 million in federal grants under the George W. Bush administration.

The Obama administration’s grant was part of a broader program aimed at promoting the development of electric-vehicle battery technology.

President Obama touted the program in his State of the Union address this year.

“In three years, our partnership with the private sector has already positioned America to be the world’s leading manufacturer of high-tech batteries,” he said.

At the time, EnerDel said the grant would help the company double its production capacity and create 1,700 jobs. But the company has faced major financial problems in recent months.

Ener1’s decision to file for bankruptcy will likely draw the attention of House Republicans, who are investigating the bankruptcy of Solyndra, the solar panel maker that received a $535 million Energy Department loan guarantee in 2009.

The GOP has pummeled the White House over Solyndra, raising broader concerns about the administration’s investments in clean-energy companies.

President Obama’s two biggest “achievements” since taking office are the so-called stimulus and government-run healthcare.

But neither one of those policies are popular, so the President largely ignored them during his state-of-the-union address and instead focused on using the tax code to promote “fairness.”

We call it the Chicago Way.

But fairness doesn’t mean treating everyone equally by adopting a flat tax. Instead, it means a class-warfare policy of higher tax rates.

The President’s home state of Illinois is a good test case of this approach. The politicians rammed through a big tax increase early last year, supposedly to stabilize state finances.

Unfortunately, Obamanomics isn’t working very well in Illinois. The state just got downgraded by Moody’s and ranks below even California.

The most damning evidence, though, is what’s happened to the job market. Unemployment is still far too high across the nation, but the vast majority of states are seeing at least modest improvement.

But a tiny handful of states, led by Illinois, are moving in the wrong direction. Here’s a very powerful chart produced by the Illinois Policy Institute. The tax hike is about one-year old, and we’re already seeing strong evidence that jobs are fleeing the state.

Now close your eyes and envision a different map. Instead of American states, imagine a map of the world. And think what it will look like if Obama succeeds in imposing all the tax increases he had endorsed.

I suppose it won’t look as bad as this map because there are plenty of other nations engaging in suicidal tax policy. But it doesn’t take a vivid imagination to understand that Obama’s class-warfare approach would drive jobs and investment to the nations with better tax policies.

New York Times

By MARC LACEY

Well now isn’t like the NY Times to get apoplectic of these young future losers of America to become incised in a non story.  The Secret Service can do all it like, but we sill have the First Amendment, you know the part about freedom of Speech and Expression! 

Perhaps they missed the federal court ruling that threatening to assassinate Obama is not a crime?  To me it just looks like a piece of art work worthy of being hung in any Patriot’s home. Way to go guys for exercising your Constitutional rights.

That’s my story and I’m sticking to it, I’m J.C. and I approve this message.

PHOENIX — The Secret Service said Thursday that it was looking into a photograph posted on the Internet that showed a group of young Arizona men posing in the desert with guns while holding up what appeared to be a bullet-riddled image of President Obama’s face.

The photograph showed seven casually dressed young men, four of whom clutched weapons and one of whom held up a T-shirt covered with small holes and gashes and bearing a likeness of Mr. Obama above the word “HOPE.” The weapons held aloft appeared to be a revolver, a bolt-action rifle and two assault rifles.

CNN

By Andrew Henry

No matter how hard he tries  Willard Romney will never be one of us. He doesn’t understand the less fortunate or the middle class.  I wouldn’t buy a used car from the guy because unless he is called on it as he was during the Florida debate, he will and always has told the voters what they wanted to hear.

In last evening’s Florida debate at the behest of Rick Santorum he called on Mitt-Willard Romney to stay focused on the Obama agenda and to lighten up on the personal attacks.  Newt of course agreed and appeared to get hammered during the interchange. 

Romney said no way, Newt said o.k. and they both played into CNN’s hands by taking the bated questions.  When the stuck to real issues and refused to be sucker punched my the Wolf Man at CNN what followed was an interesting exchange of ideas, with Santorum just taking it to Willard when he made unsubstantiated, shall I call them lies?

When Newt talked the audience frequently replied with deafening cheering and applause.  All the spinners have had their say as to who won. Who ya gonna believe them or me!

Romney has long had a close relationship with Goldman Sachs. In 1999 Romney purchased initial IPO shares in Goldman that netted him $1.1 million in profits when he sold them in 2010. And The New York Times recently reported that “many of the assets in Romney’s blind trust” are managed by Goldman.

Today, Goldman is Romney’s largest donor. And nine of Romney’s top 20 campaign contributors are big Wall Street Banks like Goldman. But Goldman leads all Romney contributors, having donated $367,200 to his campaign, according to the Center for Responsive Politics. And six of those nine top contributors received over $161 billion in taxpayer bailouts, reports ProPublica, the independent, Pulitzer Prize-winning investigative organization.

Goldman doesn’t contribute directly to candidates like Romney, but does so through its employees.

Romney’s ties to Goldman have already become a campaign issue. During Thursday’s CNN debate, former House Speaker Newt Gingrich stated that Romney profited from millions he invested in a Goldman Sachs fund that relied heavily on investments in the mortgage-backed securities linked to the 2008 implosion on Wall Street. Romney said he personally didn’t direct the investment, which he said was made through his trust.

Still, Romney’s close ties with Goldman will continue to nag his campaign.

ProPublica says that the The Goldman Sachs Group, Inc., received over $782 million in emergency lending from the Federal Reserve. On Jan. 17, the investigative site reported that the total of taxpayer bailouts received by Goldman tallied a whopping $10 billion.

The relationship between Goldman and Romney goes far beyond its patronage of his campaign. The firm has reportedly managed significant assets of Romney’s in his blind trust.

Romney’s profit taking through his Goldman fund investment remains a sensitive subject in Florida, one of the states hardest hit by the housing meltdown. Romney’s Goldman fund invested in some of the biggest culprits in the housing meltdown, including Bear Stearns, Countrywide, IndyMac and Washington Mutual.

In October, Romney ran into trouble on the foreclosure issue, when suggested the remedy to the turmoil in the real estate market is “don’t try and stop the foreclosure process. Let it run its course and hit the bottom.”

On Tuesday, Romney stood before a foreclosed home and promised a small crowd of Floridians that he would encourage financial institutions to help homeowners. But he also partially defended banking institutions’ role in the mortgage crisis.

IMPORTANT: Also Read ‘Romney Campaign Run By Charlie Crist’s Top Aides — Click Here for Info

Note: Do You Support Gingrich or Romney?  Vote in Urgent Poll — Click Here Now

This was an amazing analysis.  Mr. Cain who’s desire to become the President of the United States, was summarily crushed by the Obama press and the likes of ambulance chasing Gloria Allred who brought up names, none of whom would testify when asked to take a lie detector test.

Herman Cain will be a force if he choose when the current administration packing on November 6th.

Their Latest Polls indicate Newt Gingrich leading with 37% in Florida. The other candidate received the following: Mitt Romney 31%, Rick Santorum 18%, and Ron Paul 14%.
The Ron Paul revolution was out in large numbers at the debate. In the beginning of the debate the moderator mentioned the crowd saying that they were cheering, chanting, and polite as they supported their candidate Dr. Paul.
Newt Gingrich again showed his prowess in debates, and used his ability and knowledge to shut down attacks from Mitt Romney. Rick Santorum, on the other hand, did not show much inspiration among those polled, but he did seem to connect with some in our poll who chose other candidates as the winner. Santorum was the only one of the candidates who our polled audience did not think could beat Obama in the 2012 Presidential Election.
The Florida Republican Primary will be held this week. Also, this week, the Presidential State of The Union address by President Obama. We will be conducting our poll during the State of the Union. Watch it live tomorrow and participate in on of our polls. Just check the CPCTCSS.org website for more information. Online polls are not published and are only for viewer entertainment.
Mitt Romney, Newt Gingrich, Ron Paul, Rick Santorum, and Rick Perry compete in the Florida NBC Debate on January 23, 2012 for the nomination of the 2012 Presidential Election. Watch more polls and campaign data at 2012happens YouTube page or at http://cpctcss.org

That’s my story and I’m sticking to it, I’m J.C. and I approve this message.

The Nobel Peace Prize 2002 was awarded to Jimmy Carter “for his decades of untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development.” In 1994 Yasser Arrafat was awarded the same prize for accomplishing the same as Carter, nothing. 

Like Albert Gore and Barack Obama who were awarded the Nobel Prize for no accomplishment of note the prize must now be looked upon as an embarrassment to future recipients. What has it become? A prize for the favored plans of the social engineers.

Would this be the same as awarding the upcoming Super Bowl trophy to the losing team because they tried hard and intended to win?  Actions must have consequences, yet for the progressive/socialist mind it all about the intentions. 

It goes to the socialist mindset to reward good intentions while failure is of little consequence. 

Jimmy Carter, a serial violator of the Logan Act show in the video below why is dealings in the Middle East were a disaster, his not backing the Shah of Iran ultimately led to the Iranian Revolution and subsequent theocratic rule by the mullahs (Sharia Law)

Who elected this fool president when if breathing were not a function of the autonomic nervous system he would probably not be smart enough to breathe. He was a constant bumbler and meddler and still the consummate fool. 

He didn’t just say that did he?  Still completely out of touch with reality after all these very long hears. 

His Presidency may have gone down until Obama show up as the biggest failure in United States History.

Obama has LOST His First Court Case on Eligibility — Ask Every OTHER Secretary of State to REMOVE Obama NOW:

YOU READ THAT RIGHT — Barack Obama FAILED to appear before by a State Judge in Georgia to defend against charges that he is NOT ELIGIBLE to be on the Presidential Primary ballot in March. Now the judge is preparing to order Obama to be KICKED OFF THE BALLOT there — because it’s been proven he’s NOT a natural-born citizen!

The judge is set to make his final ruling by February 4th… BUT IT MUST NOT END HERE! WE MUST GET OBAMA KICKED OFF EVERY BALLOT IN EVERY STATE IN THE NATION!

WE CAN FINALLY DO THIS! SEND A BLAST FAX DEMANDING OBAMA BE REMOVED FROM THE PRESIDENTIAL BALLOT TO EVERY SINGLE SECRETARY OF STATE IN ALL FIFTY STATES — AND HELP US RUN NATION-WIDE ADS: SEND YOUR MESSAGE NOW!