New York Daily News

Mitt helped dud power company too

- BYJONATHAN LEMIRE jlemire@nydailynew­s.com

MITT ROMNEY has made a bankrupt solar power company the symbol of President Obama’s inability to jump-start the economy — but he has a similar failure on his résumé, according to a report.

Romney has repeatedly ripped the Obama administra­tion for sending federal funds to Solyndra, a California alternativ­e energy company that went belly up.

Decrying the White House’s decision to give Solyndra a $535 million federal loan as “crony capitalism,” Romney even held a surprise campaign stunt at the Solyndra plant Thursday.

But a day later, a Massachuse­tts solar panel company that received a state grant while Romney was governor filed for bankruptcy, the Boston Herald reported.

Romney awarded a $1.5 million renewable energy subsidy to Konarka Technologi­es, based in Lowell, a short time after he took office in 2003, the Herald said.

That company filed for Chapter 7 bankruptcy protection and laid off 85 workers.

The Obama campaign was quick to pounce on the apparent double standard.

“Every day we see a new example of Mitt Romney’s hypocrisy,” said Obama spokeswoma­n Lis Smith. “Mitt Romney may think he can play by a different set of rules, but he can’t hide his history of giving millions of dollars in government loans to campaign donors.”

The Romney campaign did not immediatel­y comment on the report.

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