Fact checkers — including this blog — quickly pounced on the claim, explaining that only a tiny percentage of firms that received grants or loans from the Recovery Act have actually filed for bankruptcy. And now, the Romney campaign itself is walking back the GOP presidential candidate’s claim. From Michael Grunwald, author of The New New Deal: The Hidden History of Change in the Obama Era:
ICYMI: Romney camp told me (after my tweet-rants) Mitt didn’t mean to say half the #stimulus-funded green firms failed. Probably <1% so far.