Mitt Romney Campaign Comments on Joe Biden's Event Today in Waterloo, Iowa
“Vice President Biden today doubled down on the Obama campaign’s same misleading attacks in an effort to distract voters from the President’s disastrous economic record. President Obama thinks that economic development means sending billions of taxpayer dollars to foreign-owned companies and rewarding donors with money from his failed stimulus program. President Obama has failed to meet his own standard for lowering unemployment because he has no idea what it takes to get our economy moving again. On Day One, Mitt Romney will take action to jumpstart our economy and give job creators the incentives they need to thrive here in America.” –Andrea Saul, Romney Campaign Spokesperson
President Obama’s Policies Have Discouraged Job Creation Here In The United States:
A Wall Street Journal Analysis Found Roughly 75% Of The Jobs Added In The Past Two Years By Thirty-Five Major U.S. Multinational Companies Were Overseas. "Thirty-five big U.S.-based multinational companies added jobs much faster than other U.S. employers in the past two years, but nearly three-fourths of those jobs were overseas, according to a Wall Street Journal analysis." (Scott Thurm, “U.S. Firms Add Jobs, But Mostly Overseas,” The Wall Street Journal, 4/26/12)
The Companies Added More Than 100,000 Jobs In America, But Well Over 300,000 Jobs Overseas. “Those companies, which include Wal-Mart Stores Inc., International Paper Co., Honeywell International Inc. and United Parcel Service Inc., boosted their employment at home by 3.1%, or 113,000 jobs, between 2009 and 2011, the same rate of increase as the nation's other employers. But they also added more than 333,000 jobs in their far-flung-and faster-growing- foreign operations.” (Scott Thurm, “U.S. Firms Add Jobs, But Mostly Overseas,” The Wall Street Journal, 4/26/12)
Over $1.5 Billion In Stimulus Money Flowed To Foreign Manufacturers Of Wind Turbines:
Nearly 80 Percent Of The $2 Billion Spent On Wind Power In The Stimulus Went To Foreign Manufacturers Of Wind Turbines. “Nearly $2 billion in money from the American Recovery and Reinvestment Act has been spent on wind power, funding the creation of enough new wind farms to power 2.4 million homes over the past year. But the study found that nearly 80 percent of that money has gone to foreign manufacturers of wind turbines.” (Jonathan Karl, “New Wind Farms In The U.S. Do Not Bring Jobs,” ABC News, 2/9/10)
Democrat Senator Chuck Schumer Said The Flow Of Money To Foreign Companies “Makes People Lose Faith In Government, And It Frankly Infuriates Me.” “Sen. Chuck Schumer, D-N.Y., called the flow of money to foreign companies an outrage, because the stimulus, he said, was intended to create jobs inside the United States. ‘This is one of those stories in Washington that when you tell people five miles outside the Beltway, or anywhere else in America, they cannot believe it,’ Schumer told ABC News, ‘It makes people lose faith in government, and it frankly infuriates me.’” (Jonathan Karl, “New Wind Farms In The U.S. Do Not Bring Jobs,” ABC News, 2/9/10)
Fisker Automotive Was Awarded A Half-Billion Dollar Loan Guarantee, Manufactures Its Cars In Finland:
In 2009, The Department Of Energy Granted Fisker A $529 Million Stimulus Loan Guarantee, $359 Million Of Which Was To Go Toward Reviving The Former GM Boxwood Plant In Wilmington, Delaware. “In September, Secretary Chu announced a $528.7 million conditional loan for Fisker Automotive for the development of two lines of plug-in hybrids, which will save hundreds of millions gallons of gasoline and offset millions of tons of carbon pollution by 2016. Of the total loan, $359 million is going to revive manufacturing at the Boxwood Plant. The Boxwood Plant will support Fisker Automotive’s Project NINA, the development and build of a mass-market plug-in hybrid sedan.” (Press Release, “Vice President Biden Announces Reopening Of Former GM Boxwood Plant,” Office Of The Vice President, 10/27/09)
Vice President Biden Attended The Re-Opening Of Fisker’s Delaware Plant, Calling The Loan “Seed Money That Will Return Back To The American Consumer In Billions And Billions And Billions Of Dollars In Good, New Jobs.” BIDEN: “This is seed money that will return back to the American consumer in billions and billions and billions of dollars in good, new jobs.” (ABC News’ “Nightline,” 10/25/11)
Today, The Fisker Plant In Delaware Is “Absolutely Empty” After Laying Off Workers. “Fisker Automotive has laid off another dozen workers at the former General Motors plant in Delaware that it has been refitting with federal and state money to build a new sedan. The layoffs, which occurred quietly Friday, come as California-based Fisker continues talks with the U.S. Energy Department to unfreeze loan money that could determine whether it ever builds a car at the plant. … Jeffrey Garland, a Delawarean who was spearheading community affairs and business development efforts in the state for Fisker, said the Fisker plant, shut down by GM in 2009, is ‘absolutely empty.’” (“Fisker On Ropes? Delaware Plant ‘Absolutely Empty,’” USA Today, 4/18/12)
“With The Approval Of The Obama Administration,” Fisker Began Assembling Its First Line Of Cars In Finland. “With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work.” (Matthew Mosk and Brian Ross, “Car Company Gets U.S. Loan, Builds Cars In Finland,” ABC News, 10/20/11)
“Fisker Used The First $169 Million In Taxpayer Funds To Bring To Market The Karma, A Flashy $100,000 Hybrid Sports Sedan That It Assembles In Finland.” (Matthew Mosk, “Fisker May Never Build Electric Cars In US,” ABC News, 5/30/12)
President Obama’s Poster Child Of Failed Energy Investments – Solyndra – Was Backed By Obama Donors And Advisors:
The Obama Administration Loaned Over Half A Billion Dollars To Solyndra – Which Later Went Bankrupt And Laid Off Workers. “In a blow to the Obama administration's efforts to create green jobs, solar-cell maker Solyndra announced Wednesday that it will close its remaining Fremont factory, lay off its 1,100 employees and file for bankruptcy. The news marked an abrupt end for a company once considered among the most innovative in a fast-changing industry. The bankruptcy also represents a high-profile failure for a federal stimulus program that gives loan guarantees to green-tech manufacturers. Solyndra was the first company to win one of the guarantees, receiving $535 million in 2009 to build its second factory in Fremont less than a mile from the company's original plant.” (David R. Baker and Carolyn Said, “Solyndra Closes Fremont Plant - Stimulus Hopes Dim,” San Francisco Chronicle, 9/1/11)
“One Of Solyndra’s Major Investors Was George Kaiser, An Oklahoma Billionaire Who Raised Between $50,000 And $100,000 For Obama During The 2008 Election.” (Ronnie Greene and Matthew Mosk, “Obama-Backed Solar Firm Collapses After Big Federal Loan Guarantee,” iWatch, 8/31/11)
- · “Through His Corporate Affiliates, Kaiser Has Long Stood As Solyndra’s Single Largest Investor.” (Ronnie Greene, “Recurring Red Flags Failed To Slow Obama Administration’s Race To Help Solyndra,” iWatch, 9/13/11)
- · “Kaiser Made 16 Visits To The President’s Aides Since 2009, According To White House Visitor Logs.” (Jim Snyder, “FBI Raids Bankrupt Solyndra As Lawmakers Question Panel Maker’s Finances,” Bloomberg, 9/9/11)
Steve Westly – Another Obama Bundler – Is Linked To The Solyndra Scandal. “The list also includes two bundlers linked to Solyndra, the controversial solar company that received a $528 million federal loan and later declared bankruptcy — Steven Spiner and Steve Westley. The White House decision to approve the loan triggered a congressional probe on whether the deal smacked of political favoritism.” (Carle Campanile, “Obama’s ‘Bundled’ Up With Corzine,” New York Post, 2/1/12)
Steve Spinner – “An Elite Obama Fundraiser” – Presided Over The Energy Investment Program And “Pushed And Prodded” For Solyndra Loan Approval While His Wife’s Law Firm Represented The Company. “An elite Obama fundraiser hired to help oversee the administration’s energy loan program pushed and prodded career Department of Energy officials to move faster in approving a loan guarantee for Solyndra, even as his wife’s law firm was representing the California solar company, according to internal emails made public late Friday.” (Matthew Mosk, “Obama Fundraiser Pushed Solyndra Deal From Inside,” ABC News, 10/7/11)