Profit ‘n loss
The other night during the first presidential debate, Mitt Romney brought up a point about President Obama’s picking investment losers.
Let’s compare both of the candidate’s investments to help people more clearly see the differences between the candidates.
First, let’s look at Mitt Romney’s investments when he was at Bain Capital investing his own money in businesses. Here is some of his list: AMC Entertainment, Burger King, Domino’s Pizza, GT Bicycle, The Sports Authority, Staples, Toys R Us, The Guitar Center to name a few of his successful investments.
Here is President Obama’s list of investments using millions of our taxpayer money: Solyndra, now bankrupt; Ener 1, now bankrupt; Beacon Power, now bankrupt; Abound Solar, now bankrupt; Amonix Solar, now bankrupt; Spectra Watt, now bankrupt; Eastern Energy, now bankrupt. There’re more to the list but, I think you get the picture.
To be fair, Mitt Romney had some failures too but, that is the risk that happens when you invest money in private business. Overall, his investments have created many jobs.
Our taxpayer money that President Obama lost on those bankrupt businesses? Well, it wasn’t a total loss, all of those companies that I listed here that went bankrupt were major donors to President Obama’s campaign in 2008, and then they were given millions for their donations.
You can find out more about these businesses by simply Googling them online. The news media is too busy trying to spin the debate into an Obama victory.