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American Bridge Ad: Not So Fast: Romney’s Own Solyndra

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American Bridge Ad: Not So Fast: Romney’s Own Solyndra

Romney’s own Solyndra:

Massachusetts Loaned $4.5 Million To Firms Run By Romney Campaign Donors That Defaulted Owing The State $2.1 Million. According to The Boston Herald, “GOP presidential hopeful Mitt Romney has hammered President Obama for his administration’s tax-funded investment blunders — but when Romney was governor, the state handed out $4.5 million in loans to two firms run by his campaign donors that have since defaulted, leaving taxpayers holding the bag. The two companies — Acusphere and Spherics Inc. — stiffed the state on nearly $2.1 million in loans provided through the state’s Emerging Technology Fund, a $25 million investment program created while Romney was governor in 2003 that benefitted 13 local firms… Together, the two companies’ investors and executives donated more than $7,000 to Romney’s past campaigns.” [The Boston Herald, 12/1/11]