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Published on October 4th, 2012 | by Zachary Shahan


Debunking Romney’s $90 Billion Lie

October 4th, 2012 by  

Editor’s note: Jeremy Bloom of sister site Red, Green, and Blue has written a great debunking of Mitt Romney’s $90 billion lie (reposted below). That’s reposted below. Of note, however, is that it’s not just us ‘green’ sites flabbergasted by Romney’s absurd lies regarding cleantech. Among many others, the Washington Post debunked some of these lies while live-blogging the debate last night, and it even used a CleanTechnica post to do so with one of them! The CleanTechnica link above concerns the fact that the clean energy loan failure rate is nothing close to 50%, more like 1.4% — covered in the second paragraph of the Washington Post.

Notably, it seems that even if most of the public doesn’t know this, they have a much better sense for how governmental clean energy policies help the country, as approximately 92% of the U.S. population supports solar energy (of course, that includes a majority of Democrats — 94%, Independents — 89%, AND Republicans — 75%), and a strong majority (about 2/3) support governmental policies focused on advancing cleantech.

Now, besides this great debunking below, please also take a stroll through our Solyndra archives to find a whole ton more debunkings of completely false cheap shots taken at the solar energy industry (which now employs over 100,000 Americans, by the way!).

For now, here’s Jeremy’s post on the $90 billion and Solyndra lies:

Romney’s $90 billion lie about green jobs and Solyndra (via Red Green & Blue)

Of all the lies in last night’s debate, I think the one that annoyed me the most was Mitt Romney’s massive, overbearing lie about green jobs. He claimed that Obama had put $90 billion in one year into loan guarantees for green energy companies like Solyndra, and that half of them had failed. Leaving…

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About the Author

Zach is tryin’ to help society help itself (and other species) with the power of the word. He spends most of his time here on CleanTechnica as its director and chief editor, but he’s also the president of Important Media and the director/founder of EV Obsession and Solar Love. Zach is recognized globally as a solar energy, electric car, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, and Canada.

Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of covering solar and EVs, he simply has a lot of faith in these particular companies and feels like they are good cleantech companies to invest in. But he offers no professional investment advice and would rather not be responsible for you losing money, so don’t jump to conclusions.

  • CarolK

    Thank you for this website and the truth about Obama’s spending on green energy.

    • Thank you for the nice comment. 😀

      We do our best. 😀

  • Bob_Wallace

    Romney complains about the government picking winners and loosers.

    Let’s see how well Romney and his solely-owned company Bain did….

    Out of 77 companies in which they invested other people’s money, 33 either failed or produced no earnings. That, my friends, is a 43% failure rate.

    Out of 77 companies in which Romney invested only 10 were really good investments. 70% of Bain’s earnings came from these 10 companies. And that, my friends, is only a 13% success rate.

    Of course Romney/Bain made money from the failed companies as well. They stripped money out of those companies, money that should have gone to the people who actually put up the money. But that’s how vultures operate, grab parts of rotting caucus.


  • h2osmb

    People, the crowd that Romney is pandering to isn’t going to listen to what you have to say. They are just going to repeat what he said as gospel to anyone that they can. Hopefully the people that are the swing voters have enough time and sense to actually investigate what he said and discern the truth. Pretty bold of the GOP to actually lie on National TV, but of course they don’t tell lies on Fox news.

  • compareguy

    What I don’t get is that in one part of the debate he says he’s in support of Clean Coal but then criticizes the program that funds it? Needs to be asked that question.

    • If you treat it a reality TV. He said “I support clean power” “I’m cutting wasteful programs” it great! It is only if you look close or think that there are issues. And who does that with reality TV.

      • Exactly. Unfortunately, my guess is 95-99% don’t look close. People mostly rely on what they hear their friends and those in the communities they associate with say.

  • Pingback: Mitt Romney: Lying to ‘Win’ Debate | Planetsave()

  • rkt9

    Romney did a great job last night of winning the debate, except with those of us who are well read enough to know that most of what he said was not true.

    • Bob_Wallace

      Romney did good theater. But the lies are already coming back to bite him.
      I started paying attention to national elections when JFK was president. I have never seen someone running for the presidency lie like this guy does.
      I expect candidates to make some promises that they probably can’t keep and to hedge their telling of stuff to make themselves look better, but I have never seen anyone tell one group of people one thing and another group exactly the opposite.

      It might be the case that you could get away with that back before we had recording devices, but now everything is on the internet – forever.

      • rkt9

        “The most brilliant propagandist technique will yield no success unless one fundamental principle is borne in
        mind constantly – it must confine itself to a few points and repeat them over and over”
        “If you tell a lie big enough and keep repeating it, people will eventually come to believe it…….” Joseph Goebbels

        “In politics stupidity is not a handicap.”
        Napoleon Bonaparte

        Why didn’t Obama fight back?

        “Never interrupt your enemy when he is making a mistake” Napoleon Bonaparte

        “Conservatives are not necessarily stupid, but most stupid people are conservatives.” John Stuart Mills

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