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.'"

I can't support this use of tax dollars

[Wonko the Sane]

Unless, of course, they develop Mr Fusion

Re:If the advanced technology comes from China...

[Anonymous Coward]

Congress has already fixed that problem, we were too rich.

Re:Battery development on my tax money??

[jornak]

Battery development... on your tax money? It's more likely than you think.

The 2009 Stimulus Package

[JBG667]

... batteries not included

Re:why isn't this socialism ?

[canajin56]

It's only socialism when you tax people to the bone and use that money to fund social programs. If you use that money to fund corporate programs, it's corporatism, which is a fancy name for FREEDOM, you elitist commie pinko DEMOCRAT.

Re:Environment?

[Amazing Quantum Man]

Which is bigger... a metric assload or an imperial assload?

Re:Capitalism?

[Anonymous Coward]

Epic troll, 10/10

Re:I can't support this use of tax dollars

[Anonymous Coward]

haven't you been keeping up with the news? they're working on it right now.

Re:I can't support this use of tax dollars

[DarthJohn]

What sort of "nasty substances" do you think are "involved" in, say, lithium iron phosphate cells?

um... lithium for one?