I’ve been on leave writing a book about the stimulus, so I’ve let others judge the Pants-on-Fire ads and Four-Pinocchio attacks and Solyndra-related nonsense that Republicans have been peddling about the stimulus. It’s certainly created jobs for fact-checkers. But now that I’m back, I suppose it’s my duty to weigh in on Mitt Romney’s new stimulus-bashing ad–apparently part of a new stimulus-bashing campaign–because it’s not just a rehash of the same old bogus charges. It’s added a brand new bogus charge that perfectly captures the up-is-down stimulus debate. Most of the ad is typical schadenfreude about Solyndra, along with three other stimulus-funded clean-energy companies that have run into problems. For the umpteenth time: Some of these companies will fail. That’s capitalism. That’s lending. That’s life. As one Obama aide told me: Some students who get Pell grants are going to end up drunks on the street. I’ve written about this before, and I’ll write about it again, but so far there have been fewer Solyndra-type failures than Congress expected. The Energy Department’s controversial loan program has billions in excess reserves. The stimulus did not just promote one company or one technology or one pathway towards a clean-energy economy; it invested in all kinds of alternatives to fossil fuels, so they could battle it out in the marketplace. And for what it’s worth, the Bush Administration was gung-ho about the Solyndra loan, too. (PHOTOS: Chad Ress – America Recovered) It was a line near the end of Romney’s ad that caught my attention: “The Inspector General said contracts were steered to ‘friends and family.’” That sounded like news. I’ve spent two years in stimulus-world, and I had no idea an inspector general had said that. I asked the Romney campaign for documentation, and it produced a Newsweek article asserting that Energy Department inspector general Gregory Friedman “has testified that contracts have been steered to ‘friends and family.’” Except that Newsweek article was an excerpt from the book “Throw Them All Out,” written by Peter Schweizer, a right-winger who has served as an adviser to … Continue reading Mitt Romney’s Ads: Still Wrong on the Stimulus