Environment & Energy
Related: About this forumRomney Personally Delivered $1.5 Million Loan To MA Solar Company - And Now They're Bankrupt
And here's a picture of him with the company' officers . . . .
A Massachusetts solar company to which Mitt Romney personally delivered a $1.5 million loan when he was governor has gone belly up, leaving him vulnerable to the same picking winners and losers charges that hes been lobbing at President Barack Obama over Solyndra.
The presidents reelection campaign wasted no time noting Romneys support for Lowell-based Konarka Technologies, which announced Friday it had filed for bankruptcy protection with plans to lay off more than 80 workers and liquidate its assets.
The filing came on the heels of Romneys unannounced visit last week to Solyndras Silicon Valley headquarters, where he accused the Obama administration of a conflict of interest and poor judgment in approving Solyndras $535 million Energy Department loan guarantee.
In January 2003, just less than three weeks into his term as governor, Romney handed a check to Konarka executives during a news conference that also involved giving out subsidies to four other renewable-energy companies. One of the other winners announced that day Evergreen Solar has already undercut Romneys Solyndra attacks by filing last year for bankruptcy protection.
EDIT
http://www.politico.com/news/stories/0612/77032.html
liberal N proud
(60,334 posts)It will never be heard by those who soak up the propaganda from the boob tube.
FBaggins
(26,731 posts)It doesn't really play in our favor. It just adds another media cycle to the Solyndra failure spinning.