Wanxiang Knows Business Dr. Chu Knows Bupkis

Dr. Chu Chu Train is at Stanford and still dreams of how he can defeat silicon PV with CIGS ala Solyndara.  His stupidity and lack of business acumen is apparent again this week.   Remember Dr. Chu and his Boss gave away A 123 the battery maker to Wanxiang after having blown through our DOE money.  

http://www.bostonglobe.com/business/2013/01/29/feds-approve-purchase-chinese-firm/6ETlPYCGcglmpAgzJw8y8L/story.html

Wanxiang has already made $100 million by selling off an unwanted part of A 123 to NEC of Japan.

http://www.bloomberg.com/news/2014-03-24/nec-to-buy-a123-s-grid-energy-storage-business-from-wanxiang.html

Well done Dr. Chu and Mr. Obama the two of you are brilliant at buying high selling low and then seeing the Chinese who bought you (actually us) out for Bupkis make a hundred million dollars while both of you talk nonsense about the brilliance of your energy policy. 

Leslie Stahl of CBS Sixty Minutes in her piece that outed Obama’s and Chu’s cleantech interviewed the head of Wanxiang America and he said he is into Capitalism and dismissed Ms. Stahl’s questioning of Wanxiang’s motives.   Obama and Chu are not capitalists they are the  lost souls who still dream that Solyndra and their CIGS chemistry were the way to go in providing those good manufacturing jobs.   If Adam Smith and Chairman Mao meet in the afterlife they can chuckle about Trading Places.   I really worry about the students at Stanford and what they will learn from Chu and Rice two examples of folks who could not do yet teach.