Paul Ryan Counters Bain Swipe On Romney...With Solyndra

There are at least a dozen of these investments Ryan could have also used, besides Solyndra. Obama invested billions in so-called 'green energy' companies that are all in financial trouble or bankrupt. And the money he invested was our money, so we take the loss. Thank God someone is Congress has a pair of brass ones to stand up to this guy.

From the article:

Rep. Paul Ryan, the House budget committee chairman who has emerged as a top Mitt Romney surrogate and is talked about as a possible running mate, countered the Obama campaign's fresh attack on Romney's record at Bain Capital by citing the government's failed gamble on solar panel firm Solyndra.

Ryan, R-Wis., speaking on "Fox News Sunday," tried to draw fire away from the presumptive Republican presidential nominee by pointing to the "crony capitalism" of taxpayer-backed loans to well-connected firms like Solyndra.

"What Bain did is they used private capital to try and help struggling businesses," Ryan said. "What President Obama's doing is he's gambling with taxpayer money and giving money to corporate contributors like Solyndra, and he's losing taxpayer money."

The Romney surrogate drew renewed attention to Solyndra, the solar panel company that filed for bankruptcy after receiving nearly $530 million in taxpayer loans, after the Obama campaign brought up Romney's record at Bain in a big way this past week with a hard-hitting campaign ad.

Read more: http://www.foxnews.com/politics/2012/05/20/top-romney-surrogate-answers-bain-attacks-with-solyndra/#ixzz1vQumi48G