Obama venture capital successes – none

Image representing Solyndra as depicted in Cru...

Image via CrunchBase

This article is from the Washington Post and cites a number of the taxpayers’ “investments” in the business of clean energy. As a venture capitalist, Obama is a total failure. And he does it with our money. At least Romney and his partners had a stake in the outcomes of their investments. Nothing like the risk of losing your own money, to sharpen your wits and business acumen. Obama has neither wit nor business acumen to sharpen, nor is he using his own money. 

Excerpt: Despite a growing backlash from his fellow Democrats, President Obama has doubled down on his attacks on Mitt Romney’s tenure at Bain Capital. But the strategy could backfire in ways Obama did not anticipate. After all, if Romney’s record in private equity is fair game, then so is Obama’s record in public equity — and that record is not pretty. 

Since taking office, Obama has invested billions of taxpayer dollars in private businesses, including as part of his stimulus spending bill. Many of those investments have turned out to be unmitigated disasters — leaving in their wake bankruptcies, layoffs, criminal investigations and taxpayers on the hook for billions. Consider just a few examples of Obama’s public equity failures: 

Read article for examples of Obama’s failed investments of taxpayer monies. 

All that cronyism and corruption is catching up with the administration. According to Politico, “The Energy Department’s inspector general has launched more than 100 criminal investigations” related to the department’s green-energy programs. 

Now the man who made Solyndra a household name says Mitt Romney’s record at Bain Capital “is what this campaign is going to be about.” Good luck with that, Mr. President. If Obama wants to attack Romney’s alleged private equity failures as chief executive of Bain, he’d better be ready to defend his own massive public equity failures as chief executive of the United States. 

Read full Washington Post article here.

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