Businessman star of Romney ad received millions in loans and contracts from the government
It seems that businessman Jack Gilchrist (above) has NOT BEEN AS INDEPENDENT of government as Mitt Romney’s campaign would have us believe:
The Romney campaign has been making much out of an out-of-context President Obama quote.
Speaking in Roanoke, Virginia on July 13 about the necessity of government for services such as infrastructure, the president said “If you were successful, somebody along the line gave you some help…Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business – you didn’t build that. Somebody else made that happen. The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet. The point is, is that when we succeed, we succeed because of our individual initiative, but also because we do things together.”
In a campaign ad, the Romney campaign spliced out the “roads and bridges” the president seemed to be referring to as “that” when he said “you didn’t build that.”
In a new TV ad, Romney features an offended New Hampshire businessman, saying, “My father’s hands didn’t build this company? My hands didn’t build this company? My son’s hands aren’t building this company?”
The New Hampshire Union Leader’s John DiStato today reports that in 1999 the business in question, Gilchrist Metal, “received $800,000 in tax-exempt revenue bonds issued by the New Hampshire Business Finance Authority ‘to set up a second manufacturing plant and purchase equipment to produce high definition television broadcasting equipment’…” In addition, in 2011, Gilchrist Metal “received two U.S. Navy sub-contracts totaling about $83,000 and a smaller, $5,600 Coast Guard contract in 2008…”