Tuesday, December 4, 2012

Walker Fails to track bankrupt company loans from WEDC. Silence on the right....

Solyndra went bankrupt and wasted taxpayer dollars, right? Another example of Obama spending money recklessly, all so he could appease campaign supporters in the green energy industry? Of course not, but that's what right wingers created around the story.

But will Scott Walker be raked over the coals for his reckless spending and poor management of taxpayer dollars in WEDC? You must be kidding. Conservative talk hasn’t noticed.

I’m not against making these investments, which sometimes don’t pay off. But Republicans have been the biggest critics, and have a double standard when it comes to their own bad management and investments.
jsonline: Six of the borrowers within a multimillion-dollar portfolio of loans neglected by the state have already declared bankruptcy, making it far less likely they'll repay all of the nearly $450,000 they owe to taxpayers, state records show. The loans now under the watch of the Wisconsin Economic Development Corp. went for everything from exciting biotechnology companies to catering or restaurant businesses that aren't typically seen as strong possibilities for economic development.  
Besides not even being close to creating the jobs he thought he could in four years, Walker is wasting and throwing away taxpayer money like it’s going out of style, and not a peep from tightwad conservative talkers.
Six businesses with hundreds of thousands of dollars in outstanding loans were listed as being in default. Many of the remaining loans, including some of the largest, were made to start-up technology companies.
Hey, that's just like Obama. Well what do you know? And like one businessman said:
Ralph Kauten, the chief executive officer of Quintessence: "Sometimes it takes more time than you think."
Not if you’re a Democrat.

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