Axelrod Asked About Solyndra, Responds With Job Growth Talking Point
MR. GREGORY, "Meet The Press" moderator: But you--a lot of people hear you and think that you are somehow, you know, casting dispersions on venture capital. How is that different than the federal government under this president investing in clean energy companies like Solyndra that failed, costing the taxpayers a great deal of money and yet the president said in the State of the Union, you know, we're going to double down. We're not going to turn our back on clean energy. What's the difference in those kind of moves? It's kind of the government acting as venture capitalists?
MR. AXELROD: First of all, leveraged buyouts of the sort that Governor Romney profited off of are quite different, where you buy a company, load it down with debt, strip it down, let it go bankrupt and then make money off of fees on the bankruptcy. That's quite different. That's a different approach.
MR. GREGORY: Well, it is capitalism making countries stronger, a lot of people would argue.
MR. AXELROD: Yes, you--yes, yes, yes. Yes, yes. And by the way, you raise that point, I don't hear Governor Romney saying, yeah, I applaud the president for doing things that try and encourage clean energy in this country, which we area doing. We're going to double renewable energy use in this country over the course of four years. On jobs, 22 straight months of private sector job growth. Quite a contrast to the six months before we took office when Governor Romney said the policies were in place that we're shoring up the economy.