US Corps Want $1B From Gov't For Battery Factory

tristanreid writes "The Wall Street Journal reports that a consortium of 14 US technology companies will ask the Federal Government for up to $1 billion for a plant to make advanced battery technology, as a part of the broad fiscal stimulus package that Pres. Elect Obama is planning. The story quotes a report by Ralph Brodd, which suggests that while existing battery technology was developed in the US, the lead in development is now held in Asia. From the WSJ story: 'More than four dozen advanced battery factories are being built in China but none, currently, in the US.'"

Comments

Re:Environmentalism

[bill_mcgonigle]

We have effectively regulated the ability to produce anything away

Yes, but now that we've moved all of our dirty-industry needs overseas, we're clean and lily white and can look down our noses at the dirty, stupid people.

Somebody get me the WTO on the phone!