Obama Defends Stimulus Grants to Electric-Car Battery Plants
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President Barack Obama travels today to the construction site for a battery factory to defend his economic stimulus program, as polls show the U.S. public isn’t convinced of its success and is wary of a growing deficit.
Obama will attend the groundbreaking in Holland, Michigan, of a factory for Compact Power Inc., a unit of South Korea’s LG Chem Ltd. that got a $151 million stimulus grant to make electric-vehicle batteries.