"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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