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Rep. Cliff Stearns (R-Fla.), on recent attacks against Mitt Romney’s time at Bain Capital and the administration failed green investments.
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In tonight's power grab segment the White House been happening -- Republican rivals of Mitt Romney to blast him over his association with Bain Capital but.
One of the president's top guys David Axelrod.
Was asked how the Solyndra debacle costing taxpayers half a billion dollars.
Was any better than Bain Capital overseeing the bankruptcy of a company.
Here's restaurants it.
Leveraged Buyouts.
Of the sort that governor Romney profited off of let it go bankrupt and then make money off of fees on the bankruptcy that's.
Quite different.
So lender.
Is better than Bain Capital Florida Republican cluster and you can see him -- -- -- that he's scratching his head over that what he is leading the congressional investigation into Solyndra.
And he joins us now -- I don't I mean you know this is that talk about it Alice in Wonderland view with the world.
Abbey which is the better business models Solyndra or Bain Capital it seems pretty simple -- resident.
Well obviously Bain Capital return and 80% return -- almost every year for seven years.
But you know it is hard to believe that mr.
Axelrod would make the comparison because of course taxpayers money where risk and Solyndra and private investment.
Was at risk at Bain venture.
Equity firm so the difference is night and day because private people put up the money know there's gonna be a risk it -- all private is not taxpayer absolutely fundamental difference and to think that the campaign manager for the president.
Would make that comparison.
Is is not only ridiculous and faulty but somehow.
It looks like he's almost -- -- demagogue the -- issue and the Spain to try and make it compares and it just no comparison well.
I you know -- from my first thought was the White House is betting that the public is still -- They're betting that we are so stupid that we can't tell the difference between one company in the private sector that had about a 70%.
Success rate.
With the companies it took over Bain Capital and another -- another company that has all kinds of political interference and half a billion dollars to taxpayers -- if that fails miserably I mean how stupid and still.
I began to think my -- that's really the way Axelrod sees the world.
Well like you know there's eleven companies that roughly about six and a half billion dollars -- at risk today.
As reported reasoning by and other networks.
In fact six that companies have gone bankrupt so.
If you look at even the odds I'm under a Bain venture equity capital and Malia White House in their Department of Energy loan guarantees and grants they're off sort -- go bankrupt so I mean you could even -- is from so many ways to show the mr.
Axelrod its -- off base.
All right well there is breaking news on on this subject you are the lead investigator your chairman of the subcommittee that's looking -- all this so thank you for that due diligence now there is this report.
That herb Allison has put together herb Allison working for the president.
Who by the way we tried to get to come on the show tonight when we heard you were gonna be on.
He said no he wouldn't come -- but they've they put together this sort of view of of of what went wrong with cylinder and why can't we get a copy of that.
That's right they're getting -- copy today to the White House now this is a report.
That the president said he's going to get in sixty days that would -- make at December 27 -- -- he offered ask him to do it on October Tony.
So we should -- report on December 27 so it's a month late they're giving to the president and not providing -- to the public and it's all paid for by taxpayers.
It's our -- it's how I'm wondering if they used our body investigate.
Something that went bankrupt with our money don't you think we deserve to take a look at.
For sure and how long is the president going to keep this under wraps because it's interesting this.
Herb Allison was he assistant secretary of financial stabilization in the Department of Energy I don't -- how many assistance -- where.
At that spot.
But.
I'm sure he worked on the bush he's worked under Obama.
But the bottom line is we couldn't get him to testify -- meet with us and talk to us so for some reason being very silent -- what is what's happening.
-- we couldn't get him to come on power money either by the way we only have ten seconds but what ever happened to your subpoena for more White House documents.
Well we're we're meeting this week to look at how very serious charge which would be contempt of congress because they're not providing us a document they're slow walking and in the end we have even more information to show that the White House -- only -- -- -- -- they knew about these other six companies that went bankrupt.
Chairman of the subcommittee on oversight investigation man is looking at a -- mess concerns once again great to see -- sir thanks for coming up.
Thank you did appreciate it.
