Summer of recovery falls flat in America

Kimberly Dvorak Kimberly Dvorak Leave a Comment

Share

This week, President Barack Obama visited the ZBB Energy battery factory in Wisconsin. The 30-employee company manufactures high-tech devices that stores renewable energy and ZBB Energy was also a benefactor of U.S. stimulus dollars.

“Companies like this are showing us how manufacturing can come back right here in the United States of America, right back here to Wisconsin,” Obama explained. “We’ve been fighting on all fronts – inch by inch, foot by foot, mile by mile – to get this country moving forward again, and going after every single job we can create right here in the United States of America.”

Many restless Americans couldn’t disagree more with the president on the job front as the unemployment rate hovers around 10 percent. The Wisconsin energy company hosted the Obama Energy Department in January when they invested $14 million in the business; the President was present to claim credit for every employee.

However the Wall Street Journal decided to do their homework and found a very different story than the one the Obama Administration was portraying. ZBB Energy went public in June of 2007, and for the past three years ZBB has been hemorrhaging money.

Keep reading

Share

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.