Yet another example of the Obama White House's failed attempt to pick winners and losers and doing so by gambling with our our tax dollars, this time to the tune of $6 million in tax credits and $15.6 in grant money from the U.S. Department of Energy.
This company, Amonix, is only 14 months old.
How in the world did it qualify for that kind of tax dollar windfall without any kind of track record?
SpectraWatt Solyndra (received $535 million)
Beacon Power (received $43 million)
AES’ subsidiary Eastern Energy
Nevada Geothermal (received $98.5 million)
SunPower (received $1.5 billion)
First Solar (received $3 billion)
Babcock & Brown (an Australian company which received $178 million)
Ener1 (subsidiary EnerDel received $118.5 million)
Amonix (received 5.9 million)
The National Renewable Energy Lab
Abound Solar (received $400 million)
A123 Systems (received $279 million)Willard &
Kelsey Solar Group (received $6 million)
That’s 16 of Obama's gems that are failing or have filed for bankruptcy.