Fact Check: Romney Accuses Obama of Crony Capitalism — What’s the Full Story?
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Speaking in Irwin, Penn., on Tuesday, former Massachusetts Gov. Mitt Romney accused President Barack Obama of engaging in “crony capitalism” and used the financially unhealthy and notoriously unstable Fisker Automotive as an example. “I am ashamed to say that we’re seeing our president hand out money to the businesses of campaign contributors, when he gave money, $500 million in loans to a company called Fisker that makes high-end electric cars, and they make the cars now in Finland,” Romney said
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