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June 03, 2012

Obama's Praetorian Guard (Media Battalion) Thinks They Have Found Romney's Solyndra

It's exactly the same...as long as you ignore the fact it's not even remotely the same.

With the failure of federally-funded solar energy company Solyndra one of the hallmarks of the Romney campaign line of attack, it appears that Mitt Romney will have some explaining to do soon about a similar endeavor that failed in Massachusetts after receiving support from Romney’s administration. The Boston Herald reports today that Konarka Technologies, a solar panel developer that received Massachusetts state funds, filed for bankruptcy yesterday.

onarka had been around for eleven years but filed for Chapter 7 bankruptcy yesterday and laid off all its workers, immediately ceasing operations. As the paper explains, Romney, as governor, had provided $1.5 million in a renewable energy subsidy to the company in 2003.

This story involves two things I don't like, government subsidies to private corporations and Mitt Romney but this is just pathetic.

First, $1.5 million is just a little less than $500+ million.

Second, unlike Obama and Solyndra, there's no accusation that Romney steered the money to donors.

Most importantly, the Romney administration gave the money NINE years ago. The company survived nearly a DECADE after getting the state subsidy.

Solyndra on the other hand went under less than 2 years after getting Obama's largess.

In fact, Obama was shoveling money to Solyndra as fast as possible even as auditors were saying the company was failing.

So yeah, other than being different in every way, they are exactly the same.

Added: Quality snark from KevinInABQ on Twitter

so I suppose O's supporters can identify his Staples: the business Obama helped get rolling while a private citizen.

Sure but how many communities has Romney organized? Because that's important stuff you know.

digg this
posted by DrewM. at 10:40 AM

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