American Crossroads: Operation Hot Mic

Bankrupt “Green Energy” Company Acquired by Russian Oligarch with Ties to Putin

WASHINGTON – Following on the heels of President Barack Hussein Obama’s claim that he would have “more flexibility” on foreign policy deals with Russia after winning re-election, Russian oligarch Boris Zingarevich, who once employed now-Russian President Medvedev, has acquired full control of bankrupt stimulus recipient and “green energy” failure Ener1.
Once heralded by the Obama Administration as one of the “Top 100 Recovery Act Projects Changing America,” Ener1 filed for bankruptcy in January, and was purchased by Zingarevich on March 30. The company was promised $118.5 million of stimulus money, half of which has already been paid, and the remainder of which may still be given away even after Russian control has been taken.
Vice President Biden ironically (or prophetically?) said at the Ener1 manufacturing facility about this technology, “This is about the future.  And the question is which nation is going to seize the future.  Some nation is going to grab it by the throat.”  Russia has answered Biden’s challenge in true Putin style.
“This acquisition is yet another example of the failure of the President to steward taxpayer dollars wisely, and now taxpayer-funded technology is in the hands of one of Vladimir Putin’s cronies,” said American Crossroads President and CEO Steven Law.  “America can’t afford to give President Obama another term with flexibility to continue putting our country at risk.”
Ener1’s bankruptcy and acquisition by Russia is not only an economic failure for President Obama, but a national security failure as well, representing the latest attempt by Putin’s regime to seize American technology.

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