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Romney Campaign Press Release - White House Fumbles On Solyndra

May 30, 2012

"In the Obama economy, the government 'invests' taxpayer dollars in boondoggles like Solyndra, while attacking the free market and punishing job creators. Even the Obama White House can't explain the failed results of this strategy – wasted taxpayer dollars and lost jobs. It's no wonder more and more Democrats have shunned President Obama's attacks on free enterprise. You cannot be for jobs, and yet against job creators." –Andrea Saul, Romney Campaign Spokesperson

Yesterday, The Obama White House Struggled To Answer Questions About Their Failed Record Of Waste And Cronyism:

Obama White House Press Secretary Jay Carney Stumbled While Explaining The Obama Administration's Warped View Of Free Enterprise And Failed Energy Investments. Q: "If that's the argument how is that different from Romney's argument on Bain Capital which is that many succeeded and a few failed?" CARNEY: "Look...there, there, there is the...the... difference in that, your overall view of what...huh, your responsibilities are as president and what your view of the economic future is. And the president believes as he's made clear that a president's responsibility is not just to, ah, those who win but those who, for example in a company where ah, there have been layoffs or a company that has gone bankrupt, that we have to ah make sure that those folks have the means to find other employment, that they have the ability to train for other kinds of work and that's part of the overall responsibility a president has." (White House Press Secretary Jay Carney, Press Briefing, 5/29/12)

Why's The White House Tongue Tied? President Obama Doesn't Understand The Free Market And His Record Of Cronyism Left Taxpayers On The Hook For Failed Programs:

The Washington Post: "You Can Call It Crony Capitalism Or Venture Socialism — But By Whatever Name, The Energy Department's Loan Guarantee Program Privatizes Profits And Socializes Losses." (Editorial, "The Energy Department's Loan Guarantee Program Is The Real Solyndra Scandal," The Washington Post, 11/17/11)

"$16.4 Billion Of The $20.5 Billion In Loans Granted As Of Sept. 15 Went To Companies Either Run By Or Primarily Owned By Obama Financial Backers." "In the 1705 government-backed-loan program, for example, $16.4 billion of the $20.5 billion in loans granted as of Sept. 15 went to companies either run by or primarily owned by Obama financial backers-individuals who were bundlers, members of Obama's National Finance Committee, or large donors to the Democratic Party." (Peter Schweizer, "Obama Campaign Backers And Bundlers Rewarded With Green Grants And Loans," Newsweek, 11/12/11)

The Energy Department's Inspector General Found That Contracts Were Steered To "Friends And Family." "The Department of Energy's inspector general, Gregory Friedman, who was not a political appointee, chastised the alternative-energy loan and grant programs for their absence of 'sufficient transparency and accountability.' He has testified that contracts have been steered to 'friends and family.'" (Peter Schweizer, "Obama Campaign Backers And Bundlers Rewarded With Green Grants And Loans," Newsweek, 11/12/11)

Obama Bundlers Worked In His Department Of Energy "As It Showered Billions In Taxpayer-Backed Stimulus Money On Alternative Energy Firms." "Several of Barack Obama's top campaign supporters went from soliciting political contributions to working from within the Energy Department as it showered billions in taxpayer-backed stimulus money on alternative energy firms, iWatch News and ABC News have learned." (Ronnie Green and Matthew Mosk, "Bundlers On The Inside," iWatch, 9/29/11)

Politicians Who Supported President Obama "Struck Gold" According The Department Of Energy's Own Numbers. "At the same time, several politicians who supported Obama managed to strike gold by launching alternative-energy companies and obtaining grants. How much did they get? According to the Department of Energy's own numbers ... a lot." (Peter Schweizer, "Obama Campaign Backers And Bundlers Rewarded With Green Grants And Loans," Newsweek, 11/12/11)

If Even The White House Can't Explain Its Own Policies, It's No Wonder So Many Democrats Refused To Back President Obama's Attacks On Job Creators:

New York's Democratic Senators, Chuck Schumer And Kirsten Gillibrand, Both "Declined To Comment" On President Obama's Attacks. "A few hours earlier, Mr. Obama's campaign had begun a blistering attack on Mitt Romney's career in private equity, the same business in which Mr. James has earned his many millions. .. It is one of the most delicate topics within the party these days. Two Democrats with close ties to Wall Street, Senators Charles E. Schumer and Kirsten E. Gillibrand of New York, declined to comment on Wednesday." (Nicholas Confessore, "Bain Strategy Holds Pitfalls For President," The New York Times, 5/23/12)

Senator Joe Manchin (D-WV), When Asked Whether He Agreed With President Obama's Attacks: "I Believe In The Free Enterprise System." "Senator Joe Manchin, West Virginia Democrat, spoke with the Washington Times affiliated radio program America's Morning News on Wednesday. He believes that the private sector was better at picking winners and loser in the free market than government. 'I believe in the free enterprise system. I believe business and labor have to work together. I think if you have a good business, you'll have good workers and if you have good workers then that's a good place to work,' he said. 'I think with the balance that we have, the markets have always done a much better job (in picking winners and losers in the free market) than what we've done in government.'" (Kerry Picket, "Manchin - Private Sector Better At Picking Winners And Losers Than Gov't," The Washington Times, 5/24/12)

Senator Dianne Feinstein (D-CA), On President Obama's Attacks: "It's Done. ... Go On To Other Things Now." "Sen. Dianne Feinstein (D-Calif.), a widely respected member of Congress, stopped short of criticizing the president, but made it clear that the campaign should pivot. 'It's done,' she said. 'Go on to other things now.'" (Cameron Joseph, "Democrats Balk At Obama Campaign's Sustained Attack On Bain Capital," The Hill, 5/22/12)

Senator Chris Coons (D-DE), While "Shaking His Head Vigorously": "I'm Not Going To Comment On President Obama's Ad." "Pressed on whether he thought Obama's campaign had operated within those guidelines, Coons paused. 'I'm not going to comment on President Obama's ad,' he said, shaking his head vigorously." (Cameron Joseph, "Democrats Balk At Obama Campaign's Sustained Attack On Bain Capital," The Hill, 5/22/12)

Governor Deval Patrick (D-MA): "No, [Bain Is] Not A Bad Company And Nobody Is Saying They Are, Including The President." KING: "You're in a very interesting position this year. I want to start with... You're the governor of a state that Bain Capital calls its global home." ... PATRICK: "Indeed." KING: "Are they a bad company?" PATRICK: "No, they're not a bad company and nobody is saying they are, including the president. It's a remarkable thing." (CNN's "John King USA," 5/22/12)

Former Governor And Former DNC Chair Ed Rendell: "Very Disappointing." "And Rendell joined the chorus of criticism of Obama's attacks on finance, whose leaders have written checks to many members of both parties. 'I think they're very disappointing,' Rendell said of the ads attacking Bain." (Zeke Miller, "Is This Obama's Party?," BuzzFeed, 5/22/12)

Former Representative Harold Ford (D-TN): "Private Equity's Not A Bad Thing. ... Private Equity Is A Good Thing In Many, Many Instances." "Former Tennessee Rep. Harold Ford said Monday that he would not have walked back New Jersey Mayor Cory Booker's surprising comments criticizing the Obama campaign for attacking private equity. 'I would not have backed off the comments if I were Mayor Booker,' Ford, a Democrat, said on MSNBC's 'Morning Joe.' 'The substance of his comments on 'Meet the Press,' I agree with the core of it. I would not have backed them out... private equity's not a bad thing. As a matter of fact, private equity is a good thing in many, many instances.'" (Tim Mak, "Ex-Rep. Ford: Booker Was Right," Politico, 5/21/12)

Mayor Cory Booker (D-Newark, NJ): "If You Look At The Totality Of Bain Capital's Record, They've Done A Lot To Support Businesses, To Grow Businesses, And This To Me, I'm Very Uncomfortable With." BOOKER: "I have to say from a very personal level I'm not about to sit here and indict private equity. To me, it's just, we're getting to a ridiculous point in America. Especially, I know, I live in a state where pension funds, unions and other people are investing in companies like Bain Capital. If you look at the totality of Bain Capital's record, they've done a lot to support businesses, to grow businesses, and this to me, I'm very uncomfortable with." (NBC's "Meet The Press," 5/20/12)

Mitt Romney, Romney Campaign Press Release - White House Fumbles On Solyndra Online by Gerhard Peters and John T. Woolley, The American Presidency Project

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