You mean alternative energy didn’t work in 2003?
Romney made mistakes, Obama didn’t learn from them.
Lets see. 1.5 million in 2003 vs nearly 500 million in 2010. Hmm, I don’t see he connection.
1.5 vs 550 million.... not accounting for inflation.
Yeah, that sounds like a winning arguement.
Yeah, maybe he did. But $1.5 million compared to $535 million is truly apples to oranges.
Romney authorized 1.5 million in 2003. They file for Bankruptcy in 2012. According to Wikipedia:
As of 2006, Konarka has received $60 million in funding from venture capital firms including 3i, Draper Fisher Jurvetson, New Enterprise Associates, Good Energies and Chevron Technology Ventures. [2] Konarka has also received nearly $10 million in combined grants from the Pentagon and European governments, and in 2007 was approved for further funding through the Solar America Initiative, a component of the White House’s Advanced Energy Initiative. [3] The company raised a further $45 million in private capital financing in October 2007 in a financing round led by Mackenzie Financial Corporation. [4]
Obama bet 1/2 a billion on Solyndra when he was being warned they were about to go under. The cases couldn’t be more different unless Konarka made pot-bellied stoves.
“Governour CEO” is gonna save us ping!
Obama ruins the economy and when the consequences of his policies destroy business, he digs up a decades old grant and somehow tries to compare Romney oranges to Obama road apples. It's exactly the same.....but different.
Wow....Mittens pulled an Obama....before Obama pulled an Obama.../ s
These stories are related like the Orwell Brother first flight to the first lunar landing ..
Same template....but way different scenarios...
If he did it "personally" it wasn't state money. If he did it as governor, it was because the state house of representatives and the state senate passed it. I'm no fan of Romney but this is a reach.
See: the 10th Amendment. States are free to make stupid mistakes with their taxpayers' money. The federal government was never given that authority.
So, the claim here is that because of zer0’s policies, these TWO flat-earth solar companies file for bankruptcy in 2012? Ok, two companies go belly-up on zer0’s watch.
I can picture a GOP ad depicting an investment in a company nine years ago with potential; 9 years of employment and perhaps even profit; then this year, under zer0, it also, like Solyndra, goes belly up. Just like millions of other biz’s under zer0, all going belly up, and losing a net 2+ million jobs in 3 years.
This is one argument barry the kenyan definitely doesnt want to have lol
So you are a Paultard troll? Your the troll who posted the Business Insider radical Left hit piece on Romney a few minutes earlier? How many other crap hit pieces do you plan to post today?
However, it appears that the company in question survived 11 years, was a going concern for quite a while. It lasted 8 years after the money given by the state of Massachusetts. That suggests that it was a real business run by folks to produce real products and real profits.
Solyndra, on the other hand, was already a basket case when the regime gave it loan guarantees in 2009, against the advice of other elements in the regime which described the loan as very risky and the company as probably a bad bet. Its technology was already out of date, and it had little chance for survival. Internal information in the regime determined the company would have cash flow problems by September, 2011. Indeed, those predictions were borne out when the company actually went bankrupt two years later - in September 2011.
Let's remember that this was a case of the actual day-to-day federal government doing their assigned tasks CORRECTLY: Folks in the bowels of the bureaucracy had rightly determined, “This deal is NOT ready for prime time.”
Yet, the loan was ultimately made because of pressure from the top levels of the regime, resulting from the political connections of the management of the company.
The second scandal here is when things started to go south, the company, with the permission of the government, brought in additional revenue by subordinating the government's position vis-a-vis its loan guarantees, so that, in the case of bankruptcy, taxpayer interests would be completely unprotected to favor the interests of later investors.
From wiki: “Assistant Treasury Secretary Mary Miller wrote emails at the time stating that this subordination might be illegal, and should be cleared with the Justice Department first, but Energy Department officials proceeded based on an internal legal opinion by the loan program's lawyers.”
Even relatively high-level officials of the regime knew that this was against the law. But these folks were really connected.
That's a far, far different tale from giving a million and a half to a company that eventually failed, eight years later.
But the moron supporters of the Kenyan anti-Christ will never get it, because, well, the explanation doesn't fit on a bumper sticker.
Konarka filed for Ch 7 bankruptcy in 2012.
Nine years later and five years after Romney left the governorship.
On the timeline alone, it's not even remotely comparable to Solyndra.
Gee, and a timeline search for this news shows this version originated with Think Progress..
D’oh, back at you.
But he SAVED the UTAH Olympics!
—MormonDude(Singlehandedly, too!)