We are doing more for the communist Chinese military that will soon challenge ours for dominance than financing it with the payments on Obama’s monstrous and ever-growing debt; soon we may provide it with advanced American technology — in the name of saving the planet, of course.
Obama awarded a grant of $250 million of Stimulus money to a firm called A123 to make batteries for electric cars, which also [like Solyndra et al.] went bankrupt and now is trying to pay off its investors by auctioning the company.
The high bidder at $256 million in a December auction was the Wanxiang Group, which has close ties to Communist China’s government. Its chief executive is one of the wealthiest men in China, a prominent figure in the Chinese Communist Party.
This sale is dangerous to U.S. security because it involves the transfer of advanced battery technology using lithium iron phosphate, which produces longer-life, lighter-weight, higher-power and more stable batteries that can operate in both very low and very high temperatures. …
China is eager for this acquisition because of its potential use in space weapons, anti-satellite missiles, lasers, and counterspace systems. Retired navy Vice Admiral Barry Costello, former commander of the Navy’s Third Fleet, says the sale of A123 will give a big boost to China’s military expansion and warfare capability in space, cyber warfare, and unmanned vehicles, all of which rely on battery power. …
If Wanxiang owns A123′s intellectual property and highly skilled technicians, that means controlling today’s battery technology plus a ten-year leap in development. Senators John Thune (R-SD) and Chuck Grassley (R-IA) warn that the deal could give Wanxiang “access to these defense contracts and technology used by multiple branches of the U.S. military.”
That 10 years’ worth of precious technology was bought and paid for by American taxpayers.
The U.S. military has made a big investment in A123′s technology, which the Army’s chief of technology acquisition has called the “technology of the decade.” To develop it, the Air Force spent $4 million, the Navy spent $700,000, and the Army spent $21.8 million.
This is why electing a guy who spent his entire life surrounded and mentored by communists, who belonged to the communist New Party in Chicago, and who spews Marxist rhetoric at every opportunity wasn’t such a great move regarding America’s strategic interests.
On a tip from facebkwallflower.