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.'
Fact checkers -- including this blog -- quickly pounced on the claim, explaining that only a tiny percentage of firms that received grants or loans from the Recovery Act have actually filed for bankruptcy. And now, the Romney campaign itself is walking back the GOP presidential candidate's claim. From Michael Grunwald, author of The New New Deal: The Hidden History of Change in the Obama Era:
ICYMI: Romney camp told me (after my tweet-rants) Mitt didn't mean to say half the #stimulus-funded green firms failed. Probably <1% so far.
-- Michael Grunwald Grunwald estimates that less than 1 percent (<1%) of green firms have gone bad...
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OpedNews volunteer from 2005 to 2013.
Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.
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