During Wednesday night’s president debate, Mitt Romney claimed that “half” of the green firms Obama invested “have gone out of business” and noted that “a number of them happened to be owned by people who were contributors to your campaigns.”
Grunwald estimates that less than 1 percent of green firms have gone bad in terms of dollar value.
Romney also singled out Tesla Motors, which designs and manufactures electric vehicles, and received a $465 million loan from the Department of Energy. Last night, he quipped, “I had a friend who said you don’t just pick the winners and losers, you pick the losers, all right?” But the company is not a loser. “Founder Elon Musk says it will accelerate its payment of the principal in the spring — and the Department of Energy isn’t complaining it’s not getting its money back.” Romney, unfortunately, has turned to rooting against an American company in his effort to unseat Obama.