The White House has approved the sale of an American Company financed in part with a quarter billion dollars of tax money, to Communist China. The firm developed a new "green" technology for the production of batteries but the White House says the sale can go through, giving China the secret recipe.
"Congress is seeing an increasing threat coming out of Beijing where they are methodically purchasing U.S. corporations," Rep. Marsha Blackburn, R-Tenn., told FoxNews.com last week. "The problem with the A123 sale is not only have taxpayers had a $230 million stake in the company's success but Beijing will now have access to sensitive materials that are currently being used in U.S. defense and utility grid contracts."
Blackburn said the sale wasn't a partisan issue but a "clear-cut one of national security." [FOX]
And so with a national security issue at stake, why would the Obama administration let this information go?
A representative with the Committee on Foreign Investment in the United States -- an inter-agency panel chaired by the Treasury Department that would have made the decision -- declined to comment.