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Joe Biden is in Michigan today, reportedly to announce the first round of $2B in battery grants.  (Source: The Weekly Standard)
Grants bring good news to state's troubled economy

Michigan is among the states that has been hit hardest by the recession.  The government went to extreme measures to keep the state's economy from collapsing, including assuming majority ownership of GM and propping up Chrysler through bankruptcy.  Now the federal government is preparing to reach deeper into its pockets to help the state out even more.

Vice President Joe Biden is in Michigan today at the NextEnergy Center in Detroit.  He is reportedly going to announce the first round of $2B USD in Department of Energy battery grants.  The grants should boost the state's economy and help develop better electric vehicles, currently favored as the future of the car industry by the domestic automakers.

The federal government is also separately loaning money to battery manufacturers under the $25 billion Advanced Technology Vehicle Manufacturing Incentive Program (ATVM).  Among the battery manufacturers that applied for that loan are A123 Systems, EnerDel, and Compact Power.  Thus far Ford, Nissan, and Tesla Motors received ATVM loans.  It is unknown who the grants will go to, but A123 Systems, EnerDel, and Compact Power seem like leading candidates.

Ed DeSeve, the president's special advisor on the stimulus program, had stated about on July 21, "I think you'll see over the next week or so ... some industrialization focus, for example, on the battery grants that are coming.  It makes sense to put those in places where there is productive working capacity -- people who can do the jobs. There are plants where the jobs can exist, and I think you are going to start to see more and more of that over time."

The ATVM loans must be repaid eventually by automakers and battery makers.  However, the DoE grants do not have to be repaid.  Michigan has also offered battery makers some big tax cuts in hopes of luring business into the state.

A limited amount of tickets to Mr. Biden's appearance have been offered to the public on a first-come-first-serve basis.

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RE: Michigan
By mdogs444 on 8/5/2009 3:19:25 PM , Rating: 1
Im not so much concerned with the birth certificate because its highly unlikely it will ever be put to rest - its too late now. But I'd like to know whether his citizenship was ever rescinded when he went to Indonesia. I do not believe you can even be a dual citizen in order to be President.

Either way, I'm much more afraid of his policies than his background. He's here now. We've got much better chance of stopping him and putting the brakes on for the next 3 years than you do getting rid of him.

RE: Michigan
By FITCamaro on 8/5/2009 3:39:07 PM , Rating: 1
Pretty much. I'm far more concerned with what he's doing than where he came from at the moment.

RE: Michigan
By Spuke on 8/5/2009 3:43:20 PM , Rating: 2
Either way, I'm much more afraid of his policies than his background.
I'm more afraid of this constant two party BS than Obama's background. I think it poisons objectivity and creates a near religious following of its supporters. Facts are out the door! If the man wasn't a US citizen, it would have been brought to light BEFORE he was a candidate for President. Do you really think the Republican party would sit on that? Do you think the ENTIRE Democratic Party would sit on that? This debate about his birth is ridiculous. It's as crazy as the people that think we've never been to the moon.

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