Monday, June 4, 2012

Romney vs. Obama: Is Good Judgment important when it comes to business or running a country?

If the answer is yes, then President Obama better stick to community organizing. It seems that 80% of the DOE's Green enegy loans went to Obama suporters and 19 of those companies went bust:

President Obama's Investments
For those who only hear about these failing companies one by one, the following is a list of all the clean energy companies supported by President Obama’s stimulus that are now failing or have filed for bankruptcy. The liberal media hopes you’ve forgotten about all of them except Solyndra, but we haven’t.

Evergreen Solar
Solyndra (received $535 million)
Beacon Power (received $43 million)
AES’ subsidiary Eastern Energy
Nevada Geothermal (received $98.5 million)
SunPower (received $1.5 billion)
First Solar (received $1.46 billion)
Babcock & Brown (an Australian company which received $178 million)
Ener1 (subsidiary EnerDel received $118.5 million)
Amonix (received 5.9 million)
The National Renewable Energy Lab
Fisker Automotive
Abound Solar (received $400 million)
Chevy Volt (taxpayers basically own GM)
Solar Trust of America
A123 Systems (received $279 million)
Willard & Kelsey Solar Group (received $6 million)
Johnson Controls (received $299 million)
Schneider Electric (received $86 million)
It's obvious that President Obamas lacks good judgment when it comes to picking winners. It seems that many of his choices were based on cronyism rather than whether the business would be successful.

Bain Capital's Investments
Of course, that's the total opposite of Mitt Romney. His business decisions were based on whether he felt his investers would get a fair return on the money they intrusted him with. So he chose wisely. In fact according to a recent Bain Capital report:

....during Bain Capital’s ownership, revenues grew in 80 percent of the more than 350 companies in which we have invested.

That's an 80% SUCCESS RATE!

I guess the difference was that Romney was looking out for his investers while Obama was only looking out for his pals rather than the taxpayers.

Now who would you rather minding the candy store?

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newark hawk said...

"Romney had a sterling business career"~Bill Clinton

newark hawk said...