Konarka Technologies announced that it was filing for bankruptcy yesterday, and their connection to Mitt Romney is blissfully amusing.
A Bay State solar panel developer that landed a state loan from Mitt Romney when he was Massachusetts governor has gone belly up — a day after the GOP presidential hopeful ripped President Obama’s green-energy investments.
Lowell-based Konarka Technologies announced late yesterday that it filed for Chapter 7 bankruptcy protection and will cease operations, lay off its 85 workers and liquidate. [...]
The demise of Konarka could become a hot topic on the campaign trail because Romney personally doled out a $1.5 million renewable energy subsidy to the Lowell startup in 2003, shortly after taking office on Beacon Hill.
And on Thursday the GOP candidate was stumping outside the shuttered Solyndra solar-panel factory in California, blasting the Obama administration’s $535 million loan as a symbol of “crony capitalism.”
Whoops? Paging Darrell Issa. Where’s the investigation?
The inspector general admitted Romney steered contracts to friends and family!
(Disclaimer: That is not intended to be a factual statement)
I do not take pleasure in the news that an alternative-energy company is filing for bankruptcy, however I am very amused by this breed of optics failure that we’ve become accustomed to seeing from Team Romney.