Ah, but the MEC can feel good about his noble intentions

We've seen this play before.  The Most Equal Comrade touts a play-like green "company" as a robust engine of growth and job creation, and then the place goes kabust:

our years have passed since President Obama visited Kansas City's main airport, rolled up his shirt sleeves and admonished the skeptics who said Smith Electric Vehicles was unlikely to make good on its promises to build 510 experimental electric-powered trucks and buses suitable for commercial use.

“Come see what’s going on at Smith Electric," the president said, inspecting a table full of bright green truck batteries in what was once a maintenance hangar for TWA. "I think they’re going to be hard-pressed to tell you that you’re not better off than you would be if we hadn’t made the investments in this plant.”

The skeptics turned out to be right.

Despite $32 million in federal stimulus funds and status as one of Obama's favorite "green" companies, the firm has halted production, having built just 439 of the promised 510 vehicles.

It has also left a trail of broken promises and unpaid bills.

Smith created just a quarter of the jobs it initially promised the state of Missouri it would create in return for $1.4 million in tax credits. Meanwhile, it has also stiffed the Missouri University of Science and Technology, the state government, and a local electrical supply company, as well as its landlord, the Kansas City city government, for hundreds of thousands of dollars, according to interviews and reviews of public records by the Washington Examiner.

As of today, the company still owes $36,000 to Missouri S&T for work the university performed as a subcontractor on a U.S. Army project.

But when you're the Lightworker-in-chief, you never have to account for this stuff.