Romney campaign slams Obama for wasting taxpayer money
May 29th, 2012
07:37 AM ET
8 years ago

Romney campaign slams Obama for wasting taxpayer money

(CNN) - Mitt Romney's campaign is criticizing President Barack Obama for what it says is his giving away of "billions of taxpayer dollars to companies that later failed, including companies that were run by Democrat donors."

The claim is included in a new web video released Tuesday morning by the campaign of the presumptive Republican presidential nominee, and is part of the campaign's theme this week that "President Obama is hostile to job creators."

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In the video, titled "Not Even Half," the narrator says that "More than $16 billion have gone to companies like Solyndra that are linked to big Obama and Democrat donors"

The video ends with the narrator saying that "Obama is giving taxpayer money to big donors and watching them lose it. Good for them. Bad for us."

The Obama administration's green energy program has come under fire by conservative groups that have criticized investments in Solyndra and other new technologies that failed. Solyndra, the bankrupt solar energy firm, has been highlighted by the Romney campaign and showcased in TV ads by independent GOP groups that support Romney's bid for the White House.

Obama administration officials have defended the move as a disappointing result of baking innovative technology and vowed to continue investing in clean energy.

- CNN Political Editor Paul Steinhauser contributed to this story.

Also see:

Romney likely to hit 'magic number' on Tuesday

Texas gears up for Lone Star primary

Romney doesn't back away from 'birther' Trump

Filed under: 2012 • Mitt Romney • President Obama
soundoff (25 Responses)
  1. Stopthemadness

    Of course he says that he is in the pocket of big oil. Not a surprise there.

    May 29, 2012 08:00 am at 8:00 am |
  2. L. R. Long

    The U.S. government hasn't gone one day without wasting tax dollars since the day it started collecting tax dollars. It will certainly continue under the administration of 'the savior of the Salt Lake City Olympics'. The governor of Massechusetts that saw his state drop to nearly dead last in job creation. Obama may have taken some risks with taxes, at least he pays his fair share – Caymen Islands, anyone...?

    May 29, 2012 08:02 am at 8:02 am |
  3. dnick47

    What a flat out lie! The President tried time and again to get bipartisan support for a jobs program BUT the Republican obstructionist blocked each and every move vowing that Obama will be a one term President. Then to, Mitt, what about all those jobs you shipped overseas (or suggested it) to improve the bottome line. Mitt is a LIAR, but all anti-Christ are liars as the Bible states.

    May 29, 2012 08:05 am at 8:05 am |
  4. Former Obama supporter

    Yes Obama vows to continue to find clean energy. He does this by throwing us who live in coal country under the bus. Imagine if our area had some of that Solyndra money in our area. W. Virginia voters are not buying the hope and change again. We can't afford his brand of Hope and little amount of Change. I am sure other states around us feel the same way.

    Romney, 2012

    May 29, 2012 08:07 am at 8:07 am |
  5. s

    gee why doesn't he look at Congress and the waste of money there and the waste of money for his secret service also.

    May 29, 2012 08:17 am at 8:17 am |
  6. Mario

    Romney benefited 8 year from Bush. Buying Company's and BANKRUPTCING them and take Tax Payers $$$$$$$$$. Vote NO to Romney and his TEA PARTY

    May 29, 2012 08:18 am at 8:18 am |
  7. 1crusader

    We need to find alternative forms of energy to get off of foreign oil.It. like anything, requires investments.At least this was trying to do something for the good of the country.Romney has taken taxpayer money f through Bain to bail private companies out for his and their own profits -not ours.

    May 29, 2012 08:28 am at 8:28 am |
  8. Marie MD

    stop it with solyndra!!!!! What about other companies that have made it?
    Is this all the alien corm Kola planet has?
    Can the freaking DNC come up sit how many companies bain closed and bankrupted?
    Come on democratic party!!!!!!!

    May 29, 2012 08:48 am at 8:48 am |
  9. Rudy NYC

    "billions of taxpayer dollars to companies that later failed, including companies that were run by Democrat donors."
    That also means that companies run by Republican donors recieved tax dollars, too. Even Bain Capital has been on the receiving end of tax dollars for their own profit while the companies involved went bankrupt.

    Why do Republicans continue to whine about $500 million to Solyndra when the oil companies get $4 billion each and every year?

    May 29, 2012 08:50 am at 8:50 am |
  10. Ancient Texan

    Romney is correct. The taxpayer money was wasted on "green projects" headed by Obama supporters that expected to be paid back for their support. If the Solar and other "green" alternatives were such a cinch, individual investors would have been in line for the chance to invest.

    May 29, 2012 08:58 am at 8:58 am |
  11. Cynthia L.

    I'll take the Republicans seriously when they admit the war in Iraq was a financial and moral boondoggle. Until then, they are just flapping their lips and flip-flopping away from an issue that still costs American taxpayers big time.

    May 29, 2012 09:00 am at 9:00 am |
  12. Richard Right

    Who has a history of debt, bankruptcy and bailouts? Mitt does;

    22% either filed for bankruptcy reorganization or closed their doors by the end of the eighth year after Bain first invested, sometimes with substantial job losses. An additional 8% ran into so much trouble that all of the money Bain invested was lost.

    May 29, 2012 09:02 am at 9:02 am |
  13. American

    In reality, Romney-Ryan would irresponsibly waste taxpayer dollars by giving even more unaffordable tax cuts to the rich, whereby grossly increasing deficits.

    By contrast, President Obama's plan responsibly decreases deficits while investing in America.

    May 29, 2012 09:02 am at 9:02 am |
  14. ThatsIt121

    Throwing money into an industry that has only been proven to fail is a bad investment. Perhaps some of this money should be spent towards R&D, so that eventually we can utilize some of this technology, and the rest spent on other important initiatives such as boosting the economy. Throwing taxpayer money into a pit is not the solution.

    May 29, 2012 09:19 am at 9:19 am |
  15. Mr 1% the "VULTURE CAPITALIST BUSINESSMAN" will outsource all the poor, disabled, unemployed and elderly, to China and sell America to the highest bidder!

    Mittens and the GOP once again are revising history, what about those 2 wars kept "off the books" which helped account for the "rise" in President O's fed numbers when he put the true costs back in the budget, and then of course, there is Dick "Deficits Mean Nothing" Cheney and his comments on fiscal "responsibility"!

    May 29, 2012 09:21 am at 9:21 am |
  16. MDNA = MaDge Not Applicable!

    "billions of taxpayer dollars to companies that later failed, including companies that were run by Democrat donors."

    Hmm, seems I recall "no bid" contracts to Halliburton/Brown and Root, because there was not enough time to go through the bidding process due to the urgency of the war in Iraq.

    Now, let me think, who was the prior CEO of BRC?

    May 29, 2012 09:27 am at 9:27 am |
  17. Claudia, Houston, Tx

    Republicans believed that giving the Bush tax cuts to the 1% they would create jobs, it never happened while Bush was President and it hasn't happened todate. Republicans claim this would create a "trickle down" affect and yes it was a "trick" because the only thing that "trickles down is water".

    May 29, 2012 09:28 am at 9:28 am |
  18. MDNA = MaDge Not Applicable!

    I REMEMBERED, it was Dick Cheney, guess Mittens does not think he was a GOP donor.

    However, it seems he held a high public office, let me think...

    May 29, 2012 09:34 am at 9:34 am |
  19. Wire Palladin, S. F.

    Republican are pretty good at wasting tax payer money on unfunded unnecessary wars, tax breaks for big oil, tax cuts for those who don't need them, TARP, unfunded drug program, but that's OK because the last three republican presidents only added $12 trillion of our national debt, with their crazy trickle down crap.

    May 29, 2012 09:37 am at 9:37 am |
  20. Donkey Party

    Romney lies again. Romney is fast becoming (or already is) the biggest lair to ever run for President. So much for Romney running a campaign without attack ads. Disgusting, filthy sub-human Republicans. Can't wait for their extinction.

    May 29, 2012 09:39 am at 9:39 am |
  21. Wire Palladin, S. F.

    Spending under Obama has leveled off, and the facts do not bear out the charges from lying Mittens, the tax evading, corporate raiding, job destroying, money laundering chickenhawk. Mittens has no public record to run on, and he has not private record of job creation to run on, so he has to lie.

    May 29, 2012 09:39 am at 9:39 am |
  22. Brad

    It's time we stop worrying how Romney spends his own money and start worrying how Obama is spending ours.

    May 29, 2012 09:48 am at 9:48 am |
  23. Snow

    So Romney spent most of his time investing in companies some of which suceeded other that failed. Now you bash the president for investing in companies??? I tell you people make no sense to me.

    May 29, 2012 09:58 am at 9:58 am |
  24. Moving forward, with Romney

    I'm mad that Obama wasted so much money. He even chuckled a year later when somebody brought up "shovel ready projects".

    Our country needs Romney to help make government more efficient and responsible. We also need more conservative fiscal principles–smaller government = more freedoms and personal responsibility. Obama was an average leader, but his policies were terrible and unsustainable.

    May 29, 2012 10:00 am at 10:00 am |
  25. Truth001

    Anything Obama does with my tax dollars is money well spent, I just wish I could do more!!!!!

    May 29, 2012 10:01 am at 10:01 am |