When Romney fingers Obama on Solyndra, he should wash his hands off first…

This from today’s Boston Herald:

A Bay State solar panel developer that landed a state loan from Mitt Romney when he was Massachusetts governor has gone belly up — a day after the GOP presidential hopeful ripped President Obama’s green-energy investments.

Lowell-based Konarka Technologies announced late yesterday that it filed for Chapter 7 bankruptcy protection and will cease operations, lay off its 85 workers and liquidate.

“Konarka has been unable to obtain additional financing, and given its current financial condition, it is unable to continue operations,” CEO Howard Berke said in a statement. “This is a tragedy for Konarka’s shareholders and employees and for the development of alternative energy in the United States.”

The demise of Konarka could become a hot topic on the campaign trail because Romney personally doled out a $1.5 million renewable energy subsidy to the Lowell startup in 2003, shortly after taking office on Beacon Hill.

And on Thursday the GOP candidate was stumping outside the shuttered Solyndra solar-panel factory in California, blasting the Obama administration’s $535 million loan as a symbol of “crony capitalism.”

“If Romney gets a little bit of heat because he participated in some of these policies at a point in time, it’s all fair in the world of politics,” said state Sen. Marc Pacheco (D-Taunton). “He’s criticizing on one hand, he’s got to take criticism on the other.”

A Romney spokesman could not be immediately reached for comment.

(there’s more)

About btchakir

Retired Theatre Producer, Graphic Designer, Usability Tester and General Troubleshooter with a keen interest in Politics and The Stage. Currently heard on WSHC, 89.7 FM (on line at www.897wshc.org) and occasionally dabbling in Community Theatre.

Posted on June 2, 2012, in Business, campaign, Corporations, Economics, election, Finance, funny, government, Labor, Legal, News, Opinion, Politics, President Obama, Television, Word from Bill and tagged , , , , , , , . Bookmark the permalink. Comments Off on When Romney fingers Obama on Solyndra, he should wash his hands off first….

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