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  Candidate Romney vs. Gov. Romney, redux
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Last EditedArmyDem  Oct 26, 2011 10:38pm
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News DateThursday, October 27, 2011 04:00:00 AM UTC0:0
DescriptionOctober 26, 2011 4:40 PM
By Steve Benen

Mitt Romney had an op-ed in the Orange County Register this week, hoping to score some cheap points off the Solyndra story.

[T]he U.S. government shouldn’t be playing venture capitalist. It’s not merely that government bureaucrats are bad at picking winners. The very process invites cronyism and outright corruption.

And once again, there’s Romney’s record in public office, always ready to bite him in the butt.

…Romney is a private-sector venture capitalist by vocation, and during his tenure as Massachusetts Governor he set up a program almost exactly like the ones he’s now denouncing.

In 2003, Romney launched the Massachusetts Green Energy Fund, a $15 million project aimed at providing “an opportunity to capitalize on two emerging trends: the growing level of investment interest in clean energy and the importance of Massachusetts’ academic and corporate R&D in forming clean energy technology companies,” according to its website.

At the time, Romney called the fund a “springboard for the commonwealth by focusing on job creation in the renewable energy sector.”

When the Obama administration made the exact same kinds of investments in the exact same industry, some of the companies did well and some didn’t. It’s just the nature of the risk.
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