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“I have asked Vice President Biden to lead a tough, unprecedented oversight effort – because nobody messes with Joe. I have told each member of my Cabinet as well as mayors and governors across the country that they will be held accountable by me and the American people for every dollar they spend.” – Barack Obama, 2/24/09
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Question for President Obama: How are we, the American people, supposed to hold anybody accountable if your Department of Energy won’t tell us who wasted, lost or stole the money?

An audit conducted by the Energy Department’s Office of Inspector General was “unable to locate” $500,000 worth of equipment purchased with stimulus money by a recipient of funds distributed through the deparment’s “Advanced Batteries and Hybrid Components Program,” according to an audit report published by the OIG.

The DOE said it would not be “appropriate” to release the name of stimulus-money recipient where the $500,000 worth of equipment could not be located.

The program was given nearly $2 billion in stimulus funds “to support the construction of U.S. based battery and electric drive component
manufacturing plants.” As of June, DOE had “expended” about $1.2 billion of that money and had made grants to “30 for-profit manufacturers,” according to the July 10 audit report.

Would it be “appropriate” then to assume that the recipient in question with the missing half-million is an Obama crony like so many of them seem to be? I know Paul Krugman is probably wondering why I’m making such a big deal out of such an inconsequential amount of money, but still…

Comments

12 Responses to “Paging Sheriff Joe Biden: DoE ‘Unable to Locate’ $500,000 Worth of Equipment Purchased with Stimulus Money”

  1. backwoodsconservative on July 18th, 2012 4:33 pm

    Maybe they threw a big party and spent the money on stimulants.

  2. backwoodsconservative on July 18th, 2012 4:34 pm

    A fool and the taxpayers' money are soon partying.

  3. Truesoldier__ on July 18th, 2012 4:53 pm

    Would it be “appropriate” then to assume that the recipient in question with the missing half-million is an Obama crony like so many of them seem to be?

    Either that or China. We already know that Obama has "outsourced" millions in Stimulous $'s to foreign countries and China seems to be the only country making a profit on "advanced batteries and Hybrid Components", so it only makes sense.

  4. backwoodsconservative on July 18th, 2012 5:07 pm

    They tried to tell Joe where the money went, but he's such a windbag they couldn't get a word in edgewise.

  5. Truesoldier__ on July 18th, 2012 5:18 pm

    ….The only time Joe stopped bloviating was when he got distracted by a choo-choo going by.

  6. SignPainterGuy on July 18th, 2012 7:21 pm

    That they are … hic !

  7. SignPainterGuy on July 18th, 2012 7:22 pm

    Or a squirt gun !

  8. SignPainterGuy on July 18th, 2012 7:26 pm

    $2 B given to for-profit green energy cos, $1.2 B spent so far, $1/2 M lost. Look in the dem. party campaign coffers ! OR, look for someone driving a new Aston-Martin !

  9. Marshall_Will on July 18th, 2012 7:58 pm

    Well, as far as I'm concerned, every PENNY of that $2 bil. is 'lost'. Or never have should been doled out in the first place.

  10. Marshall_Will on July 18th, 2012 8:02 pm

    Excellent point. Just a little crumbs, along w/ the extra $1 per gal. we've been paying on gas since this started industry analysts seem unable to explain? Where'd all that money go? The real horror out the gate was the way he subordinated the entire country at his feet within days of assuming power:

    " I have told each member of my Cabinet as well as mayors and governors across the country that they will be held accountable by me and the American people for every dollar they spend.”"

    Reeeeeally..?

  11. SignPainterGuy on July 18th, 2012 8:55 pm

    Certainly, NONE of it should have been flushed down the green energy toilet, but as Rush `splained today, it`s a way to launder fed. treasury $$$ without it being TOTALLY obvious that it is looting of the treasury.

  12. Truesoldier__ on July 18th, 2012 10:25 pm

    Not lost, I would say stolen. But your point is well taken.

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