Democrats Say that Mitt Romney Will Favor the Rich….Part II

Democrats say that Mitt Romney will use government to favor the rich, yet,  President Obama gave Beacon Power a $43 million loan to promote “green” energy and shortly thereafter, three executives took a $25o,000 shortly after receiving these federal funds.

Months later, Beacon Power went bankrupt.

Take, for instance, Beacon Power Corp., the second recipient of an Energy Department loan guarantee in 2009. In March 2010, the Massachusetts energy storage company paid cash bonuses of $259,285 to three executives in part due to progress made on the $43 million energy loan, Securities and Exchange Commission records show. Last October, Beacon Power filed for Chapter 11 bankruptcy. Read more….

So, let me get this straight.  The Obama administration gave a firm $43 million in loans because they were “green”.  The executive, who had to know that the company was in dire straits, helped themselves to massive bonuses.  Didn’t the Obama administration vet this company to see if they were fiscally sound?  Secondly, why didn’t the Obama administration ask these executives to refund their bonuses and help pay back the government loan?

And, I’m supposed to believe that Obama is a champion of the little guy and that Romney will grind the middle class down to nothing?  Of course, for the left, facts mean nothing.

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