Jun 4, 2012

Solar company Romney backed goes bankrupt, day after he ripped Obama’s green-energy investments.

A Bay State solar panel developer that landed a state loan from Mitt Romney when he was Massachusetts governor has gone belly up — a day after the GOP presidential hopeful ripped President Obama’s green-energy investments.

...The demise of Konarka could become a hot topic on the campaign trail because Romney personally doled out a $1.5 million renewable energy subsidy to the Lowell startup in 2003, shortly after taking office on Beacon Hill.

And on Thursday the GOP candidate was stumping outside the shuttered Solyndra solar-panel factory in California, blasting the Obama administration’s $535 million loan as a symbol of “crony capitalism.”

“If Romney gets a little bit of heat because he participated in some of these policies at a point in time, it’s all fair in the world of politics,” said state Sen. Marc Pacheco (D-Taunton). “He’s criticizing on one hand, he’s got to take criticism on the other.”

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