HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Romney's Biggest (And Lea...

Thu Oct 4, 2012, 09:21 PM

Romney's Biggest (And Least Discussed) Lie of the Debate


The Biggest (and Least Discussed) Lie of the Debate

There’s one assertion that has received minimal attention in the after-action coverage of the debate — and it was one of the most blatant lies of the night.

October 4, 2012

- snip -

The comment came about two thirds of the way through the conversation. As Romney was riffing on funding education, he pivoted to his talking points on Obama’s support of renewable energy and let this whopper loose:

“And these (clean energy) businesses, many of them have gone out of business, I think about half of them, of the ones have been invested in, have gone out of business.”

The New York Times , one of the few mainstream organizations to follow up on this claim, called Romney’s comment a “gross overstatement.”

Actually, it’s much more offensive than that.

- snip -

So let’s narrow Romney’s statement down to the loan guarantee program. Are we getting closer to the truth? No.

The loan guarantee program Romney referenced supported dozens of companies. Of those companies, four recently went bankrupt due to difficult market conditions. But that’s out of 33 companies that received loan guarantees or commitments for loan guarantees. That translates to a 10 percent failure rate representing roughly 2 percent of budgeted funds for the program — a big difference from the 50 percent failure rate that Romney claimed.


3 replies, 1005 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 3 replies Author Time Post
Reply Romney's Biggest (And Least Discussed) Lie of the Debate (Original post)
Hissyspit Oct 2012 OP
CthulhusEvilCousin Oct 2012 #1
rgbecker Oct 2012 #2
jmowreader Oct 2012 #3

Response to Hissyspit (Original post)

Thu Oct 4, 2012, 10:03 PM

1. Actually

Actually, probably one of the most unreported lies was his claim that Romney said that he made it clear his support for Romney care was always on a state by state basis, "I made it clear at that time."

That's a lie. Romney supported his plan on a federal level and did so throughout many interviews and even his book, which he had rewritten to remove the offending point.

Reply to this post

Back to top Alert abuse Link here Permalink

Response to Hissyspit (Original post)

Thu Oct 4, 2012, 10:07 PM

2. Romney's entire debate was one big lie.

We are lucky Obama didn't go into the muck to try and sort all the crazy stuff Romney said out.

And now we see that Mitt brought along a cheat sheet in order to keep all his lies straight.

This is a guy that runs down gay boys and cuts their hair and pushes his kids' faces into their plates of food. Please explain why he is even allowed on the stage.

Reply to this post

Back to top Alert abuse Link here Permalink

Response to Hissyspit (Original post)

Fri Oct 5, 2012, 01:41 AM

3. Let's compare Obama's performance to Romney's

In the time Obama has been president, he gave either loan guarantees or commitments for guarantees to 33 companies and four have gone bankrupt. They went bankrupt because of "outside influences" like the Chinese dumping solar panels into the market, causing US solar manufacturing to collapse. Failure rate: 12.1 percent.

When Romney was running Bain Capital, he bought 77 businesses. 17 of them went bankrupt. Those companies died trying to meet their obligations to Bain Capital. Failure rate: 22.07 percent.

So who's the better businessman?

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread