Romney Slams Obama Failed “investments” in Front of Solyndra Plant

June 1, 2012 04:27

“The president took a half a billion dollars in taxpayer money and devoted it to an enterprise that was owned in large measure by his campaign contributors. This is serious conflict of interest. This ought to be a big story. I think there are a number of people among the president’s team that don’t want that story to get out. We wanted to make sure it did.”

Romney boarded the bus where the press corp, who had been left in the dark as to details of the event, were only told of the location while en route to the California Solar firm’s deserted facility.

Romney justified the stealth agenda implying that President Obama would have made efforts to thwart the event.

“I think that a number of people among the president’s team who don’t want that story to get out. We wanted to make sure it did,” Romney said standing on the sidewalk across the street from the ‘Solyndra’ emblazoned building where a last minute press conference set up was erected.

Referring to the California solar firms building as the “Taj Mahal” of corporate headquarters, Romney said it was a “symbol of conflict of interest” on the part of the President.

“An independent inspector general looked at this investment and concluded that the administration had steered money to friends and family – to campaign contributors,” Romney stated. “It’s also a symbol of how the president thinks about free enterprise. free enterprise to the president means taking money from the taxpayers and giving it freely to his friends,” he continued.

Romney has used the failed solar company, which went bankrupt despite receiving $528 million in federal loan guarantees, as an example of Obama’s “crony capitalism” often in his stump arguing that his administration “picks winners and losers.” He reiterated this line of rhetoric today.

“You realize that if the business had done spectacularly well, the shareholders – his friends – would have done very very well. but the taxpayers would have just gotten their money back,” he said. “On the other hand, of course, if the business failed, as it did, it’s the taxpayers that get stuck with losing a half a billion dollars. So it’s heads and his cronies win, and tails and the taxpayers lose,” Romney

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