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Wednesday, July 18, 2012

Video- Where Did All The Obama Stimulus Money Go?

By Susan Duclos

The Mitt Romney campaign has released a hard hitting campaign ad attacking Obama's gambling with U.S. taxpayers money in green-solar companies and the ties with Obama contributors as well as creating jobs..... for foreign workers overseas.


Mitt Romney: President Obama's time in office has been marked by political payoffs to the donor class and layoffs for the middle class. He showered his friends with stimulus funds and sent millions of taxpayer dollars overseas. If we can't trust him with our money, why should we trust him for another four years?

See a list of Obama's green/solar "investment" failures, all 20 of them.

From the press release:

 “Several Political Allies” Of President Obama Had “Ties To Companies Receiving Chunks” Of Taxpayer Money From The Stimulus. “A joint investigation by ABC News and the Center for Public Integrity that will air on World News with Diane Sawyer tonight has found that Westly is just one of several political allies of the president who have ties to companies receiving chunks of that money through loans, grants, or loan guarantees.” (Brian Ross and Matthew Mosk, “Did Obama Administration Play Favorites With Energy Loans?,” ABC News, 10/30/11)

 Obama Fundraiser Steve Westly “Has Had A Stake In At Least Five Companies That Have Won DOE Support.” “Obama’s political supporters were also investors in companies that had applied for loans. Westly has had a stake in at least five companies that have won DOE support; four won funding before he joined Chu’s board. While it is common for presidents to reward top donors with ambassadorships or other political posts, the Sunlight Foundation’s Bill Allison said it is unusual to see a major donor such as Spinner given a position inside a relatively obscure government loan program.” (Ronnie Green and Matthew Mosk, “Bundlers On The Inside,”iWatch9/29/11)

“With The Approval Of The Obama Administration,” Fisker Began Assembling Its First Line Of Cars In Finland. “With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work.” (Matthew Mosk and Brian Ross, “Car Company Gets U.S. Loan, Builds Cars In Finland,” ABC News, 10/20/11)

“Fisker Used The First $169 Million In Taxpayer Funds To Bring To Market The Karma, A Flashy $100,000 Hybrid Sports Sedan That It Assembles In Finland.”(Matthew Mosk, “Fisker May Never Build Electric Cars In US,” ABC News, 5/30/12)

Today, The Fisker Plant In Delaware Is “Absolutely Empty” After Laying Off Workers. “Fisker Automotive has laid off another dozen workers at the former General Motors plant in Delaware that it has been refitting with federal and state money to build a new sedan. The layoffs, which occurred quietly Friday, come as California-based Fisker continues talks with the U.S. Energy Department to unfreeze loan money that could determine whether it ever builds a car at the plant. … Jeffrey Garland, a Delawarean who was spearheading community affairs and business development efforts in the state for Fisker, said the Fisker plant, shut down by GM in 2009, is ‘absolutely empty.’” (“Fisker On Ropes? Delaware Plant ‘Absolutely Empty,’” USA Today, 4/18/12)

H/T Hot Air who hands Romney the best talking point this season:  "Do you care more about how I spent my own money before 1999, or how Obama has spent yours since 2008?"

The gloves are off, Malkin says  Halleljuah!!!