Romney:“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.”
This from Climate Progress|ThinkProgress:
The loan guarantee program Romney referenced supported dozens of companies. Of those companies, three 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.
At the same time, the program has supported some of the largest wind and solar projects in the world, helping double generation of U.S. renewable electricity in four years.
and
Along with his false comments about bankruptcies, Romney claimed that Obama had “provided $90 billion in tax breaks to green energy” in one year. While $90 billion is an accurate number, it was certainly not all for tax breaks and it was not all deployed at once. (In fact, some of it still hasn’t been spent). The money was set aside through the stimulus package for grants, competitive prices, demonstration projects, and loan guarantees — with $3.4 billion going toward “clean coal,” a technology that Romney said “I like” during the debate.
Romney is a serial liar. A scary nightmare if he ever gets in the White House. He believes in nothing except obtaining power and money. Truth isn’t even an inconvenience to him.
