Energy Department Loses $42M on Clean-Energy Loan to Mich. Van Company
The Energy Department conceded Friday that the federal government will lose $42 million on a loan to a shuttered Michigan van manufacturer — part of the same program that provided a $529 million loan to an electric car maker that also has gone under.
Vehicle Production Group (VPG), which made vans for the disabled, ceased operations in February and laid off 100 workers, two years after receiving a $50 million federal loan under the same clean-energy program that provided a $529 million loan to electric car maker Fisker Automotive Inc., according to the Associated Press.
VPG had paid back $5 million of the $50 million federal loan this spring, and the remainder of its debt was sold at auction this week to Humvee manufacturer AM General, which paid $3 million to buy the loan.
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Under President Barack Obama, according to Bureau of Labor Statistics data released today, the increase in the number of foreign-born people employed in the United States has been 52 percent greater than the increase in the number of native-born people employed.
It’s silent. It’s deadly. And it’ll impact you and your family. Obamacare is coming (sooner than you may realize) and as pro-lifers, it’s imperative we be prepared.
Thousands took to the streets in Berlin Saturday in protests against Internet surveillance activities by the US National Security Agency and other intelligence agencies, and the German government’s perceived lax reaction to them.




