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.
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.
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:
Now that President Obama's reelection team wants to include coal on the agenda, it's worth remembering that Obama himself warned in 2008 that his policies would bankrupt anyone who started a coal power plant. Here he is in 2008, speaking with the San Francisco Chronicle:
After a disappointing showing in West Virginia, where President Obama received only 59 percent of the vote against a prison inmate in the Democratic primary, the president's reelection team decided to highlight the importance of coal (or clean coal, to be exact) on its website. (West Virginia is a major mining state.) Well, the Obama team has had problems with coal in the past.