Wednesday, July 18, 2012
Another Obama-Subsidized Solar Company Failed Today
Another Obama-Subsidized Solar Company Failed Today: "Here we go again.
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?
Nevada Sen. Harry Reid, U.S. Rep. Shelley Berkley, D-Nev., and Gov. Brian Sandoval were among the political leaders who lauded the company when it announced it would start making solar cells in the Golden Triangle Industrial Park.
And naturally, Obama has his fingerprints all over it:
The Amonix solar manufacturing plant in North Las Vegas, heavily financed under an Obama administration energy initiative, has closed its 214,000-square-foot facility 14 months after it opened."
'via Blog this'