Richard Mourdock (R-IN) for US Senate: Lugar Instrumental in Securing Stimulus Funds for Failing IN Battery Company Tied to Russian Millionaire
“First Solyndra, Evergreen Solar, and Beacon Power Corp., now we can add EnerDel to the growing list of DOE loan recipients who have filed for bankruptcy or [are] on life support. Washington bureaucrats have no business picking winners and losers in the business world and this is but the latest example of showing how inept they are as venture capitalist.” stated Treasurer Richard Mourdock, who will be opposing Lugar in the 2012 Republican Primary.
I continue to be amazed at how many losers are picked by the central planners in Washington, DC. Mourdock, who will face Dick Lugar (R-IN) in the GOP primary for US Senate in Indiana, notes the connection between EnerDel and Lugar:
In 2009, Senator Lugar was instrumental in securing $6.5 million in Congressional earmarks for EnerDel. He then urged DOE’s Energy Secretary Steven Chu to approve the company’s application for the $118.5 million grant that was part of Obama’s stimulus bill. According to EnerDel’s website, the company has received multiple grants and contracts from the federal government. Earlier this week, it has been reported that EnerDel currently has only 33 Indiana positions being supported by the DOE stimulus grant. This currently amounts to $3.5 million per Indiana job in total stimulus money awarded.