What do Apple, Dell, Chevy, Boeing, and Barky have in common?
Barky's poured your money into subidizing "green" battery-makers like A123 Systems, a maker of lithium-ion batteries touted by environmeddlists as the wave of the future. Naturally, after receiving a quarter of a billion dollars in tax cash, A123 filed for bankruptcy three months ago.
Apple began incorporating Li-ion batteries into their laptops seven years ago; making news after several caught fire. Dell followed suit in 2006. Not to be outdone in the pyrotechnics department, Barky pushed his newly-acquired auto company to build Chevy Volts - also powered with Li-ion batteries - which also caught fire. That's not to say that they sold a lot of the cars; they haven't, but a lot of them have burned up.
Enter Boeing, with its "greener" 787 Dreamliner, also powered by Li-ion batteries. They've been generating a lot of press, lately, and for the same reason as Chevy, Dell, and Apple: they catch on fire.
Technologists and safety experts had long warned of problems with the lithium ion battery when in 2009 the president began betting billions of tax dollars that it should be the green power of choice for cars, trucks, and even aircraft.
Want to make a killing in the stock market? Look at what Barky's blowing tax money on, and invest in the opposite technology.
