Thursday, June 14, 2012

A123, the Metaphor

"Green Car" battery maker A123 Systems issued a "going concern" warning.  That's a VERY serious warning, required by the CPA ethics code when a company is in extremely deep doo-doo.  In effect, it means that it could very well go bankrupt, and soon.

It was one of Obozo's darlings, of course--and the US taxpayer, at the point of a gun, has donated at least $249 million to the company.

A123 is a metaphor for the Obozo Administration, which should also file a "going concern" notice.  It's not likely to last past next January.

The worry?  That the Obozo-ites will take the US into bankruptcy as the administration sinks beneath the waves.

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