The Other McCain

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VIDEO: New Mitt Romney Ad Slams Obama’s Wasted Stimulus Money

Posted on | July 18, 2012 | 11 Comments

Here is the press release from the Romney campaign:


Boston, MA – Today, Romney for President released a new television advertisement titled “Where Did All The Money Go?” President Obama’s time in office has been marked by political payoffs to the donor class and layoffs for the middle class. He showered his friends with stimulus funds and sent millions of taxpayer dollars overseas. If we can’t trust him with our money, why should we trust him for another four years?

To View “Where Did All The Money Go?” Please See:

AD FACTS: Script For “Where Did All The Money Go?”

VIDEO TEXT: “Where Did All The Obama Stimulus Money Go?”

VOICEOVER: “Where did all the Obama stimulus money go?”

VIDEO TEXT: “Friends, Donors, Campaign Supporters, Special Interest Groups”

  • Top Obama Fundraisers Worked In His Department Of Energy “As It Showered Billions In Taxpayer-Backed Stimulus Money On Alternative Energy Firms.” “Several of Barack Obama’s top campaign supporters went from soliciting political contributions to working from within the Energy Department as it showered billions in taxpayer-backed stimulus money on alternative energy firms, iWatch News and ABC News have learned.” (Ronnie Green and Matthew Mosk, “Bundlers On The Inside,” iWatch, 9/29/11)
  • “Several Political Allies” Of President Obama Had “Ties To Companies Receiving Chunks” Of Taxpayer Money From The Stimulus. “A joint investigation by ABC News and the Center for Public Integrity that will air on World News with Diane Sawyer tonight has found that Westly is just one of several political allies of the president who have ties to companies receiving chunks of that money through loans, grants, or loan guarantees.” (Brian Ross and Matthew Mosk, “Did Obama Administration Play Favorites With Energy Loans?,” ABC News, 10/30/11)
  • “Nearly 200 Of [President Obama’s] Biggest Donors Have Landed Plum Government Jobs And Advisory Posts, Won Federal Contracts Worth Millions Of Dollars For Their Business Interests…” “More than two years after President Obama took office vowing to banish ‘special interests’ from his administration, nearly 200 of his biggest donors have landed plum government jobs and advisory posts, won federal contracts worth millions of dollars for their business interests or attended numerous elite White House meetings and social events, an investigation by iWatch News has found.” (Fred Schulte, et al, “Obama Rewards Big Bundlers With Jobs, Commissions, Stimulus Money, Government Contracts, And More,” iWatch News, 6/15/11)
  • Obama Fundraiser Steve Westly “Has Had A Stake In At Least Five Companies That Have Won DOE Support.” “Obama’s political supporters were also investors in companies that had applied for loans. Westly has had a stake in at least five companies that have won DOE support; four won funding before he joined Chu’s board. While it is common for presidents to reward top donors with ambassadorships or other political posts, the Sunlight Foundation’s Bill Allison said it is unusual to see a major donor such as Spinner given a position inside a relatively obscure government loan program.” (Ronnie Green and Matthew Mosk, “Bundlers On The Inside,” iWatch, 9/29/11)

 VOICEOVER: “Friends, donors, campaign supporters, special interest groups”

 VIDEO TEXT: “Where Did All The Obama Stimulus Money Go?”

 VOICEOVER: “Where did the Obama stimulus money go?”

 VIDEO TEXT: “Solyndra”

 VOICEOVER: “Solyndra”

 VIDEO TEXT: “500 Million Taxpayer Dollars”

 VOICEOVER: “500 Million taxpayer dollars”

 VIDEO TEXT: “Bankrupt”

    The Obama Administration Awarded Solyndra A $535 Million Loan Guarantee – The Company Went Bankrupt In 2011.