Fact-Checking Governor Romney’s Debate Numbers on Renewables and Loans

By Herman K. Trabish | Greentech Media, Inc. | Link to article

DOE loan success rate: 98 percent; Bain Capital success rate: 80 percent

Among the many numbers from the first Romney-Obama presidential debate was one in a remark Governor Romney addressed to the President. “In one year, you provided $90 billion in breaks to the green energy world.”

Later, Governor Romney—who the pundit class declared the debate’s winner—addressed the Department of Energy loan guarantee program. “These businesses, many of them have gone out of business, I think about half of them, of the ones that have been invested in have gone out of business.”

The governor then used one of the zingers his campaign staff had told the press to watch for. “A number of them happened to be owned by people who were contributors to your campaigns. I had a friend who said you don’t just pick the winners and losers, you pick the losers.”

(complete article)