More Solyndra-style failure: Obama-tied Amonix Inc lays off most of company
By Neil Munro - The Daily Caller Mon, Jan 30, 2012.
Some of President Barack Obamas top donors and fundraising bundlers are partners in Amonix Inc., the latest Solyndra-like corporate crash. The company has announced a layoff of 200 workers two-thirds of its workforce despite a federal green-technology tax credit of $5.9 million in 2010.
The investors include John Doerrs venture capital firm Kleiner Perkins Caufield & Byers, Daniel Weiss Angeleno Group LLC and Steve Westlys eponymous Westly Group, according to Amonixs website.
These three investors have also invested heavily in Obama and other Democrats and the presidents aides are now trying to minimize the political damage.
According to a database maintained by the Center for Responsive Politics,
Doerr has donated $171,900 since 2008.
Weiss has donated $26,480 and
Westly has donated $181,250.
Nearly all of those contributions went to Democrats.
Together, the three have also bundled at least $700,000 for Obama.
Obama publicly lauded Amonix in 2010 as an example of a company deserving federal support and private-sector investment.
Former Massachusetts Gov. Mitt Romney and other GOP figures are portraying these mutual favors as crony capitalism, and the charges are adding up to a real political headache for the administration....
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