Meet our future

That future where the government picks the winners and losers. It ‘invests” (that’s just code for throwing a shit load of money at them) in some businesses, and closes others- you know, like auto dealers who didn’t donate money to the Obama campaign.

So, meet ZBB, the “green” battery manufacturing company TPOTUS was visiting on Monday which got $14 million from the Obama Stash. A company that is pointing the country toward a brighter economic future.

Some bullet points on ZBB:

– Lost $4.9 million in F 2008
– Lost $5.5 million in F 2009
– Has lost $6.9 million so far this year
– Cumulative deficit of $44.1 million and anticipates continuing losses.
-An audit last fall found that the CEO had been overcompensated; paid as both an employee and independent contractor (good gig, huh?!)
-ZBB went public at $6 a share, and yesterday closed at 70 cents.

Would you have invested in this company? Too late! You already did.

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3 Comments on “Meet our future”

  1. Hotspur Says:

    I love your snark.

  2. Steve B Says:

    Feel the hope. Come on, Carin. FEEL IT! I DEMAND IT!


  3. agiledog Says:

    Well, “we” invested in General Motors, which lost $88 Billion (yes, with a “B”) between 2005 and 2009. What’s $14 Million compared to that? (Besides .016%, I mean)

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