Romney-backed solar company fails days after he faulted Solyndra

Source: Mercury News


Republican Mitt Romney, who criticized President Barack Obama last week for backing failed Solyndra LLC, supported as governor of Massachusetts a different solar-power company that has gone out of business.

Konarka Technologies Inc. filed to liquidate on June 1 after getting state and U.S. aid, a development that may muddy his attempts to use Solyndra to try to show Obama's broader economic failures, a professor said.
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Romney, who on May 29 claimed enough delegates to win the Republican presidential nomination, has sought to use Solyndra to underscore his argument that he understands how business works and Obama doesn't. Romney cites Solyndra's collapse two years after winning a $535 million loan guarantee as a symbol of Obama's failure to create jobs with government spending, and the risks of using taxpayer money to fund private companies.
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"Every day we see a new example of Mitt Romney's hypocrisy," said Lis Smith, a campaign spokeswoman. "Just one day after he pulled a political stunt outside Solyndra, we learned even more about his record of picking winners and losers in Massachusetts when one of the companies he gave a loan to went bankrupt."



Read more: http://www.mercurynews.com/nation-world/ci_20785762/romney-backed-solar-company-fails-days-after-he

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Mittens, mittens, mittens.