Mitt Romney has a Solyndra-like failure in his past, too: report

Mitt Romney has a Solyndra-like failure in his past, too: report

Solar company that received grant from Romney during his time as Massachusetts governor went bankrupt

Mitt Romney has made a bankrupt solar power company the symbol of President Obama’s inability to jumpstart the economy - but he has a similar failure on his resume, according to a report.
Romney has repeatedly ripped the Obama administration for sending federal funds to Solyndra, a California alternative energy company that went belly-up.
Decrying the White House’s decision to give Solyndra a $535 million federal loan as “crony capitalism,” Romney even held a surprise campaign stunt at the Bay Area plant Thursday.
But a day later, a Massachusetts solar panel company that received a state grant while Romney was governor filed for bankruptcy, according to the Boston Herald.
Romney personally awarded a $1.5 million renewable energy subsidy to Konarka Technologies, based in Lowell, a short time after he took office in 2003, the paper reported.
That company filed for Chapter 7 bankruptcy protection and laid off 85 workers.
The Obama campaign was quick to pounce on the apparent double-standard.
“Every day we see a new example of Mitt Romney’s hypocrisy,” said Obama spokeswoman Lis Smith. “Mitt Romney may think he can play by a different set of rules, but he can’t hide his history of giving millions of dollars in government loans to campaign donors.”
The Romney campaign did not immediately comment on the report. Konarka collected a total of $20 million in government grants during its 11-year history, according to the Herald.
Solyndra received its loan in 2009 and Obama visited it a year later even as members of his administration feared that the company could collapse.
The business went under last August and has become a Republican rallying cry — though Congressional investigators have not found any evidence of federal wrongdoing.
Meanwhile, Romney continued his fundraising blitz Saturday with a big dollar cash bash not far from his San Diego beach house.
Obama, reeling from a disappointing federal employment report, was set to fly back to Washington after a two-day buckraising swing through Minneapolis and his hometown of Chicago. He also used his weekly address to urge Congress to set aside political differences to focus on creating jobs.

http://www.nydailynews.com/news/ele...olyndra-like-failure-report-article-1.1088822

hmmm....a 1.5 million energy subsidy to a company in business for 11 years...versus......535 million dollar subsidy to a company out of business in two years

the dumbing down of America must have started in Brooklyn....

It's crazy...the article says "Konarka collected a total of $20 million in government grants during its 11-year history, according to the Herald." but zimmie reads what he wants to read.

from your own article retard...

"Romney personally awarded a $1.5 million renewable energy subsidy to Konarka Technologies, based in Lowell, a short time after he took office in 2003, the paper reported."

The company was in business for 11 years, Romney was governor for four years

Is everyone in Brooklyn as dumb as you? you don't even know how to post here...

So before he awarded the subsidy, he wasn't aware of the additional loans they were given. Doesn't seem like he did his job correctly.
Oh, and explain to me "how to post here" because you are constantly goofed on and made to look like a fool. Again troll, talk to people like they are standing in front of you.

ask Obama dummy, Konarka was one of the clean energy companies that got a total of 2.3 billion in tax credits as part of Obama's 2009 stimulus program. Did he do his job correctly?.....you're such a fool, it's entertaining

congrats on not double posting...

http://bostonglobe.com/news/politic...es-bankrupt/MU0MKMOUd3wwEulutjrvlN/story.html

It would be so nice to have a normal conversation in the Politics section and discuss things that we disagree with. You are a troll whose only "friends" are the people on here who think your are a loser....so let's talk about your sexual obsession with children that I've been hearing about. That seems to be the only thing that you get excited about.

hey hack,
a veiled attempt at deflection here ...why don't you address "your thread' ?

Because you are a child molester and I don't want to talk to a man who looks at children sexually. (Wouldn't it have been better to talk about politics instead of your obsession with NAMBLA?)

Uh, were those original committments fully repaid? You know that would make them GOOD credit risk.
But please don't try and compare a miniscule 1.5 Million dollar loan with a 1/2 billion dollar "no doc" loan these creeps were given. Is that the best propanda this admin can come up with?

BTW, Romney has an 80% success rate with corporate restructuring.... And that other 20% is NOT with taxpayer money, BTW.

rub one out retard, maybe you can get your sister to watch....

Liberal logic:
$1.5 million loss in 11 years is far more scandalous than $535 million in less than 2 years.

Liberal tactic:
When brutally beaten by a gang of facts accompanied by people with common sense,resort to vile child molestation insults and innuendos.

Holy shit Major NoName Fail...

Again, meet me face to face to discuss this and BELIEVE ME....there would be no failure.

another New York tuff.....

Funny how you think I'm talking tough. Proves you have 0.0 interaction beyond your computer. The fact is: you have done more to get shot and killed than Trayvon Martin did to Zimmerman.....FACT! (This statement DOES NOT endorse you OR anyone getting shot or killed for the stuff they say on a message board)

seek help.....

Tell me in person.

Uh oh... Another Monday Morning Prosecutor.

If Trayvon was Brendan, would anyone of these self appointed Civil Rights Heros be involved? No, they would probably be happy about some rich white kid getting gunned down.

Brendan would have finished his Skittles and Iced Tea at home while watching the end of the NBA All-Star Game

First of all, the loan was approved the month BEFORE Romney took office...

http://dyn.politico.com/printstory.cfm?uuid=FA8575DD-8AE0-4C8B-8091-23A159759F1C

Ohh, and the loan was paid back.... How is Solyndra doing on that ??


Just more leftbot:

Tell you what, just post any sort of coherent rebuttal, that should be good enough on any internet message board