Remember back in October when I told you that another one of Obama's pet "green" companies that he showered with taxpayer money as part of the stimulus was going bankrupt?

Well, guess who's buying it?

According to this, A123 Systems, which got $250 million from us taxpaying chumps, is being purchased for about that much by a CHINESE COMPANY.

People with Actual Brains, like Rep. Issa (R-CA) said, correctly, that A123 represents “the latest cautionary tale against the administration using taxpayer dollars to sponsor pet projects and then running from responsibility when they’re not successful.” 

Back in 2009, creepy little Energy Sec'y Steven Chu called A123 "one of the success stories of a high-tech company that was funded with government funds" and "the model of what we want to happen on a bigger scale."

Fabulous.

Anyone else thinking of taking a Chinese class?