Romney accuses Obama of “smelly” cronyism

After days of damaging attacks about his business record, Mitt Romney fired back, accusing President Barack Obama of crony capitalism that “stinks.”

A top Romney adviser told journalists the White House gave a loan guarantee of hundreds of millions of dollars to electric carmaker Fisker after an Obama fundraiser invested in the company.

“It is taking your tax dollars and putting it in businesses owned by contributors to his campaign,” Romney said at an event in Baton Rouge. “And that is smelly at best. It stinks.”

READ MORE: Romney says Obama cronyism “stinks” as campaign gets uglier

Photo credit: Mitt Romney speaks at the NAACP convention in Houston July 11, 2012. REUTERS/Richard Carson