Romney's Solyndra Hypocrisy

Discussion in 'Politics' started by J.E.D, May 31, 2012.

  1. J.E.D
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    J.E.D What's tha matta?

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    Investment skeletons hiding inside Mitt’s closets - BostonHerald.com

    GOP presidential hopeful Mitt Romney has hammered President Obama for his administration’s tax-funded investment blunders — but when Romney was governor, the state handed out $4.5 million in loans to two firms run by his campaign donors that have since defaulted, leaving taxpayers holding the bag.

    The two companies — Acusphere and Spherics Inc. — stiffed the state on nearly $2.1 million in loans provided through the state’s Emerging Technology Fund, a $25 million investment program created while Romney was governor in 2003 that benefitted 13 local firms.

    Acusphere, a biotechnology firm headed by a Romney campaign donor, got $2 million in 2004 that it was supposed to put toward a $20 million manufacturing facility in Tewksbury, which never became fully operational. Calls to Acusphere’s headquarters in Lexington were not returned.

    Spherics Inc., meanwhile, was lured from Rhode Island to Mans–field with much fanfare from the Romney administration, partly through a $2 million loan in 2005. By 2008, the company laid off all employees and completely shut down. The state received about $300,000 when the company liquidated its assets, but the firm defaulted on more than $1.5 million of the state loan, Abbruzzese said.
     
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  2. naturegirl
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    naturegirl Silver Member

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    And how many Obama funded companies have gone under?? Ya think he might have learned from Mitt's so called "failures"?? Mitt isn't governor of MA any more. With a little common sense in the voting booth Obama won't be the POTUS any more either. :D
     
  3. J.E.D
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    J.E.D What's tha matta?

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    Not surprisingly, you have missed (or is it ignored) the point. Romney wants to talk about Solyndra? Ok. Let's look at what HE did as gov of MA. Oh look there. He invested tax payer money in companies that failed.

    I must have missed the part where a politician's political record isn't fair game.

    You can't talk about Bain; it's not fair. You can't talk about his time as gov of MA; it's not fair.

    :lol:
     
  4. naturegirl
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    naturegirl Silver Member

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    Ok, let's talk about Obama's failed policies. Your turn. :)
     
  5. Mr.Nick
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    Mr.Nick VIP Member

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    Don't confuse loans with bailouts or grants...

    I don't like Romney one bit but he is the lesser of the two evils......

    Our government isn't a fucking bank.........
     
  6. Conservative
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    Conservative Type 40

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    never fully operational, eh? Explain then why they relocated ALL manufacturing there in 2009 when they had other financial issues?
    Acusphere slashes staff as funding flounders
     
  7. GoneBezerk
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    GoneBezerk BANNED

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    Yeah, Obamination blowing more money on Solyndra is nothing compared to this...:cuckoo:


     
  8. J.E.D
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    J.E.D What's tha matta?

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    Sorry, this thread is about Romney's hypocrisy on Solyndra and his utter failure as a governor.
     
  9. Grampa Murked U
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    Grampa Murked U Diamond Member

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    You can't talk about Obama, he isn't white.
     
  10. Grampa Murked U
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    Grampa Murked U Diamond Member

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    So he equals Obamas failure.

    Yawn
     

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