Posted on 06/03/2012 5:15:23 AM PDT by Yashcheritsiy
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.
(Excerpt) Read more at nydailynews.com ...
It must feel so good but lonely to be an absolutist. The purity of thought and deed is admirable.
Sarc
Do what? When did it become "absolutist" or "purist" for conservatives to oppose government subsidisation of preferred industries, especially when those subsidies are being given out ostensibly to help "combat" a non-existent "problem"?
I thought that was pretty much just baseline, mainstream, bargain basement conservatism. When did it suddenly become "absolutist" to simply be "conservative"?
When you propose that I have sunk to the depths of degradation, that’s when. If you want to have a civil discussion mind your manners.
No, it’s not OK to waste taxpayer’s money on green job boondoggles.
The article was drawing a comparison between Romney’s investment failure and Obama’s.
My point was there is really no comparison given Romney’s gamble on the taxpayers dime (albeit wrong move) loss was about 1/600th of Barry’s.
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