In the first debate, Mitt Romney called President Obama a loser-picker. From Forbes:
“In one year, you provided $90 billion in breaks to the green energy world,” says GOP-hopeful Mitt Romney, during the debate. “Now, I like green energy as well, but that’s about 50 years’ worth of what oil and gas receives … I had a friend who said you don’t just pick the winners and loser, you pick the losers. So this is not the kind of policy you want to have if you want to get America energy secure.”
Today, President Obama chose another loser. From Bloomberg:
The filing may fuel further political debate over government financing of alternative-energy and transportation businesses. Federal grants and loans to companies including A123, Fisker Automotive Inc. and Tesla Motors Inc. have drawn scrutiny from congressional Republicans following the September 2011 bankruptcy filing of solar-panel maker Solyndra LLC two years after it received a $535 million loan guarantee from the U.S. Energy Department.
So the venture capital firm of Obama, US Taxpayers & Associates doesn't have a great record. Romney was right: Obama has a certain kind of magic touch.