The problem isn’t merely that a couple of companies that took stimulus money failed. Failure is a normal part of any risky endeavor.
The REAL issue is that there are NO success stories to counterbalance the failures. None. Zero, zip, zilch, nada.
If there were they’d be in our face 24/7, courtesy of the Obama Press Corps.
No, the best result they can claim from this taxpayer rape is that “not every green-tech company we funded has gone bankrupt yet”. Lame.
If the GOP is skillful at communicating and exploiting this, it will be a torpedo below Barky’s waterline.
For me, it's the idea that the President - any President - is playing venture capitalist. If I wanted to invest in a start up, I can do that myself. There's also the "moral hazard" concept. It has been removed in this case just like in the case of bundling mortgages and pawning them off on investors.