Romney: It Saddens My Heart That Vampire Socialist Barack Obama Lost A Half Billion of Taxpayer Money on a Jackass Investment With His Rich Friends and 1,100 Hardworking Americans Lost Their Jobs

What's worse than Vampire Capitalism? Vampire Socialism.

Mitt Romney and a super PAC supporting him are giving Solyndra a try on the trail, unveiling ads that wield the $535 million energy loan scandal as a double-whammy: an indictment of big government spending and the answer to Romney’s private equity problem.

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The Romney campaign’s ad uses the bankrupt California solar manufacturer as a launching pad to go after the Energy Department's entire clean energy initiative — ticking off a series of green companies that ran into financial trouble, and implying that the program amounted to the president “giving taxpayer money to big donors, and then watching them lose it.”

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The argument: Solyndra is the best example of President Barack Obama's stimulus at its worst, complete with a cozy donor in deep with a company that got taxpayer money only to file for bankruptcy and lay off 1,100 workers. Forget Romney's record at the private equity firm Bain Capital — look at Obama's public investment failure.

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“If Romney’s record in private equity is fair game, then so is Obama’s record in public equity — and that record is not pretty,” Marc Thiessen wrote in The Washington Post last week, in a column that ran through a number of the same clean energy companies as the new Romney ad. He added: “Now the man who made Solyndra a household name says Mitt Romney’s record at Bain Capital 'is what this campaign is going to be about.' Good luck with that, Mr. President.”

Politico tries for a Neutral Angle here (nice that at least it's neutral), pointing out that both men's attacks leave out context -- Bain had a great many more successes, and Obama's energy plan was predicated on the idea that some attempts might fail, and others might succeed.

Here's a problem with that-- notice how my language suddenly shifted when talking about "successes"? Politico's article did too. You can speak of Bain having had provable, real-world successes -- 80% of its investments resulted in strong companies, and some of them, like Sports Authority, became huge -- but you actually cannot speak of any successes in Obama's Green Energy Socialist Investment Portfolio.

You can only speak of failures, bankruptcies, and some companies that haven't defaulted or gone bankrupt-- yet. Not a one of them is actually any kind of success.

So Politico's attempt at Neutral Reporting is itself biased-- they have to overlook the little fact that while Romney's successes at Bain are cash-money documented facts, Obama's "successes" are hypothetical and still lay in the future -- if they lay anywhere at all.

Speaking of Vampire Socialism... Spain pulls the plug on green energy boondoggles.

Not completely-- they of course are still paying rents to nonproductive companies. That's the European way.

But they've substantially slashed their crazy subsidies:

Investment in solar photovoltaic alone is headed to skid to as little as $107 million in 2013 from $879 million this year and $1.5 billion last year, New Energy Finance estimated. For new wind projects, investment should plunge to $963 million in 2013 and $244 million in 2014 from $2 billion this year.

posted by Ace at 02:25 PM

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