Oh Rick, not another one.

Texas Governor Rick Perry was given an Emerging Technology Fund that amounted to a slush fund to award his major contributors.  The idea was to give a couple million of taxpayers dollars to emerging tech businesses to jumpstart them, which kinda seems to disprove the whole government needs to stay out of private enterprise thing but that’s a whole ‘nother story.

Another one, which brings us to a dozen, filed for bankruptcy.

An energy storage company near Austin that received $2 million in taxpayer dollars under the state’s Emerging Technology Fund has filed for bankruptcy.

Kyle-based Xtreme Power Inc. filed for Chapter 11 protection in federal bankruptcy court last week. Gov. Rick Perry awarded the company money in 2007 from his investment fund for high-tech Texas startups.

The man is addicted to handing out your money to his friends.

Write that down.  Do not forget it.