At last night’s debate, President Obama said gas prices were under two dollars per gallon when he took office because the “economy was on the verge of collapse.” And that if Mitt Romney were elected he “could bring down gas prices, because with his policies we might be back in the same mess.”
In 2008, Barack Obama promised to cut federal spending, cut wasteful programs, reform Medicare and Social Security, and create "5 million new jobs" in a "new energy economy." At Buzzfeed, Andrew Kaczynski has four videos of Obama making those promises at the town hall debate in 2008. Here, for instance, is Obama talking about the need to reform entitlements in his first term:
According to Bloomberg, the heavily subsidized battery maker, A 123, has filed for bankruptcy protection, making it the latest in a long line of green failures that have produced very little renewable energy and very heavy losses for the American taxpayer. Been good for the bankruptcy lawyers, though.
We are entering an age of energy abundance. Or not. In keeping with the great tradition of economics, dubbed by Thomas Carlyle the dismal science, let me raise a cautionary note.
Now, last night, this may have actually been the real Mitt Romney, because he ruled out raising a dime on taxes on anyone ever, no matter how much money they make; ruled out closing those loopholes that are giving $4 billion of corporate welfare to the oil companies; refused to even acknowledge the loophole that gives tax breaks to corporations that move jobs overseas.
On Monday, the Romney campaign trumpeted a plan to change the campaign's direction and "reinforce more specifics" on policy. THE WEEKLY STANDARD has obtained a copy of a memo from GOP political veteran David Smick, addressed to the Romney campaign, with advice on how to "revamp" the television ad strategy. Read the memo below:
With just 50 days until the presidential election, the Romney team says it plans to reorient the campaign toward communicating more policy details regarding tax policy, energy policy, and foreign policy.
Charleston, W. Va. The billboard high over I-64 outside the capital of this blue-collar state minces no words: “Obama’s NO JOBS ZONE: The President talks about creating jobs but his EPA is destroying jobs.”
Businessmen across nearly every American industry cite the Obama administration’s regulatory assault—from Obamacare to bank lending restrictions to fuel-economy mandates—as a cause of America’s jobless recovery. But perhaps no industry can count job losses the White House is causing like the coal industry.
Charleston, W. Va. The billboard high over I-64 outside the capital of this blue-collar state minces no words: “Obama’s NO JOBS ZONE: The President talks about creating jobs but his EPA is destroying jobs.”
Businessmen across nearly every American industry cite the Obama administration’s regulatory assault—from Obamacare to bank lending restrictions to fuel-economy mandates—as a cause of America’s jobless recovery. But perhaps no industry can count job losses the White House is causing like the coal industry.
Mitt Romney's latest web ad targets President Obama's inability to create jobs, the failures of the Department of Energy's loan guarantee program, and "contracts steered to ‘friends & family.'" Watch here:
The chairman of First Solar, a company that's been in the recipient of the Department of Energy money, admitted this morning at a House hearing that his company has more jobs overseas than in America:
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