Romney ad questions Obama's economic stimulus measures

WASHINGTON Wed Jul 18, 2012 2:58pm EDT

1 of 4. U.S. Republican presidential candidate Mitt Romney speaks at a Victory town hall in Bowling Green, Ohio, July 18, 2012.

Credit: Reuters/Matt Sullivan

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WASHINGTON (Reuters) - Republican presidential candidate Mitt Romney, trying to deflect criticism of his lucrative past career as a private equity executive, counter attacked President Barack Obama with a new television ad.

"Where Did All the Obama Stimulus Money Go?" asks the TV spot paid for by Romney's campaign. It accuses Democrat Obama's administration of helping "friends, donors, campaign, supporters, special interest groups."

The ad, which the Romney campaign planned to release on Wednesday, aggregates widely reported stories questioning government stimulus payouts and federal credit assistance programs.

It takes special aim at the Energy Department loan program, skewered by Republicans in Congress, that supported bankrupt solar panel maker Solyndra with more than $500 million in taxpayer assistance.

The ad also raised questions about a second Energy Department loan recipient, politically connected Fisker Automotive, which has failed to meet expectations for electric-car production and job creation despite a loan commitment of $529 million.

Obama administration officials have rejected assertions that politics played any role in federal support for Solyndra or other loan recipients.

Romney has sought to batter Obama over the stubbornly high U.S. unemployment rate and the weak economy, but instead has been forced in recent days to defend his business past, particularly his career as a private equity executive with Bain Capital.

Obama has characterized the former Massachusetts governor and presumptive Republican White House nominee as a wealthy investor who is tied to Wall Street and corporate interests and is out of touch with ordinary Americans.

(Reporting by John Crawley; editing by Christopher Wilson)

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Comments (41)
lucky12345 wrote:
Quote of the day – In some cases, President Obama was deliberately quoted out of context, but here is the entire quote, you decide … Here is what the president actually said : “If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges.

If you’ve got a business, you didn’t build that.
Somebody else made that happen.

The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet. The point is, is that when we succeed, we succeed because of our individual initiative, but also because we do things together.”

Seems clear enough to me what our President said, it takes a VILLAGE…

Jul 18, 2012 7:33am EDT  --  Report as abuse
lucky12345 wrote:
Americans care only what Obama did with our money, not what Romney did with his…

Jul 18, 2012 7:35am EDT  --  Report as abuse
jscott418 wrote:
I don’t have any problem with Romney making money in the private sector. Anymore then I would have problems with Obama making money. That’s what you are supposed to do. Nobody should be made a example of it being wrong to be successful. Why would Obama make it sound that Romney should feel guilty for being successful? If we had more success in this Country we would be in better shape. Bain was a company that bailed out failing companies. Some were successes and some obviously were not. Solyndra obviously was not one of Obama’s successes. How he seems to forget that mess. For me Obama is a hypocrite and needs to tell me why I should vote for him. Because I have not seen him do anything significant for me or the economy in the last four years.

Jul 18, 2012 7:48am EDT  --  Report as abuse
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