Dow Kokam Receives $161 Million U.S. Department of Energy Grant

Why does this story smell, even though it's not "news?" First, I was checking out the Michigan GM plant that was outsourced, not to a foreign country, but to Delaware, Biden's home state. Second, while doing that I kept finding stories about South Korea and green technology (with all the hoopla for the last 40 years about green this and that, we don't have any of our own?) and various small plants in Michigan, all receiving the nod from the Veep.

Then I came across this one about Dow Kokam receiving $161 million in ARRA funds to "create" jobs in Midland, MI. That's an odd name--didn't really sound "American" to my ear. So I did a few Googles and found out this is Dow Chemical (yes, that Dow), Townsend Capital (a venture capitalist LLC) and Kokam, a South Korean battery company with an American subsidiary.

Now, I'm not so naive as to believe our own fossil fuel companies--petroleum, coal and natural gas--haven't been heavily snogging the federal government for many administrations, Republican and Democrat, nor as government gifts go is this a huge amount. But I do get a bit perturbed that the current Obama administration tries to paint their lovers as loose when in fact BOAd is their pimps and uses its own duplicity and lies to destroy America's belief in capitalism. This is called, "crony capitalism," whereby only the biggest bully gets the free money. What home-grown American green company could go up against a giant like Dow with a South Korean partner?

Dow Kokam Receives $161 Million U.S. Department of Energy Grant