Second Romney-Backed Solar Company Files For Bankruptcy
On Thursday, Mitt Romney campaigned at the headquarters of Solyndra — the first renewable energy company to receive a federal loan under the stimulus — and reiterated his debunked claims that its bankruptcy symbolized the corruption and cronyism of the Obama administration. But just one day later, a solar panel developer “that landed a state loan from Mitt Romney when he was Massachusetts governor” went belly up, the Boston Herald reports, creating an inconvenient storyline for the GOP presidential nominee.
The company, Konarka Technologies, “filed for Chapter 7 bankruptcy protection and will cease operations, lay off its 85 workers and liquidate”:
“Konarka has been unable to obtain additional financing, and given its current financial condition, it is unable to continue operations,” CEO Howard Berke said in a statement. “This is a tragedy for Konarka’s shareholders and employees and for the development of alternative energy in the United States.”
The demise of Konarka could become a hot topic on the campaign trail because Romney personally doled out a $1.5 million renewable energy subsidy to the Lowell startup in 2003, shortly after taking office on Beacon Hill.
They got $1.5 million NINE YEARS AGO and it’s Romney’s fault they went belly-up now?
So was the guy in charge of Konarka a crony of major Romney donor? Did Romney rush the loan through the approval process? Can anyone remember exactly who approved the loan? Were the taxpayers subordinated to other investors? Did Konarka repay any or all of the loan during the past NINE YEARS?
The Crawdad Hole 
Boston Herald:
So at worst, Romney is on the hook for less than 1% of the investment.
A commenter at TP makes an excellent point (that will likely go over the head of the brain dead left):
A high-tech start-up that lasts 9 years is above-average.
It took the Obama economy for them to go belly up. That will be the Romney response.
“For the liberals in the audience, it sounds kind of against Obama, but whatever.”
LOL! That’s been my response to Obama supporters lately, “whatever.” It’s a waste of time to try and point out the facts to them.
Can you smell the desperation?
I thought this seemed bit desperate.
Carly Simon wrote above song about David Geffen. Joni Mitchell wrote below song about Geffen who as it turns out is a big Obama supporter. Geffen and Obama seem very similar to me. Anyway, just needed excuse to play some tunes. 🙂
I brought this up from downstairs because
It is all Romney’s fault
http://www.newser.com/story/147197/tourist-catches-iceberg-doing-a-flip.html
when you become a government official do you lose all common sense and get really stupid????????????
http://www.wnd.com/2012/06/farmer-panic-crops-die-as-govt-blocks-wells/
http://www.nytimes.com/2012/06/03/opinion/sunday/dowd-dreaming-of-a-superhero.html?pagewanted=1&_r=1&ref=opinion
maureen dowd jumping off the titanic???
http://www.forbes.com/sites/kenrapoza/2012/06/02/obama-gets-left-behind/
the left is leaving him
butterfly effect beginning????
I hope she’s holding an anchor.
Paul Krugman is handy for something at least.
Dowd will do what she always does. She will follow the crowd. when it is no longer fashionable to diss TehOnce, she will be leading the cheers with pompoms waving.
http://theulstermanreport.com/2012/06/02/obama-heads-back-to-chicago-with-valerie-jarrett/
where is backtrack tonight and who is he with?????
Stolen from TomOHalloran on Twitter:
If you are still considering voting for Obama, you have to see this:
http://tomohalloran.com/?page_id=1276
love it
http://www.guardian.co.uk/world/2012/jun/02/drone-wars-secrecy-barack-obama
bookmark worthy
Who could have seen that coming? Oh yeah, us.
he is the worse enemy of our country in my lifetime. He was put in a position to do the most harm. He has no love or loyalty or respect for this country or her citizens
The cosmic shift has begun. In zooming around the internets and reading Sunday columns and stuff, the general theme is Obama is a big fat disappointment, liar, and fraud. Something tipped it. Maybe a combination of somethings such as Romney having a stellar week, Obama being a kill list and drone freak, and the appalling employment numbers topped off with a stock market slide killing off any equity gains for the year. All Obama can do is go ultra negative which will hurt him more than Romney. More and more voters are watching him with a gimlet eye.
YEP!!!