Romney bashes 8% bankruptcy of stimulus while 22% of Bain's business failed.
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2012 Oct 29, 4:58am 1,063 views 0 comments
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To Romney's credit, he tried to claim that the stimlus loans resulted in a 50% rate of bankruptcy.
Romney is still claiming half of the high tech / green energy businesses loaned money by the stimulus ended in failure. That the federal govt is a failure.
The facts are more like 8% failed, in part due to some dumping by China, which we tried to address with little success through the WTO. However when you crunch the numbers on Bain capital during Romney's tenure (the stated part, not when he retired but really sort of didn't), about 22% of Bain's ventures resulted in bankruptcy. OHHH sign that guy up as president!
When you can't blind them with brilliance, baffle them with bullshit my grandpappy use to say.