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American Bridge Ad: Romney’s Energy Loan Hypocrisy

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American Bridge Ad: Romney’s Energy Loan Hypocrisy

Mitt Romney today has adopted the message of former Tea Party candidate Michele Bachmann in a transparent attempt to appeal to her extremist supporters. Romney’s phony outrage about “crony capitalism” is particularly surprising considering Romney’s record in Massachusetts.

When Romney was Governor of Massachusetts, “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.” Romney lured one of the companies to Massachusetts by offering a direct loan from the state and his Administration bragged about using government loans to attract business.

But, now that Romney is running for President, he claims that government loans to private companies are “crony capitalism.” It’s the worst kind of hypocrisy from a candidate who has proven he will do or say anything to advance his political career.