Tag Archives: Mitt Romney

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Mitt Romney unveils detailed energy plan to create jobs and lower gas prices

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From Yahoo News.

Excerpt:

Mitt Romney unveiled an energy plan Thursday that would give states the power to determine whether drilling and mining should occur on federal lands within their borders as part of a larger effort to increase domestic oil, coal and natural gas production and achieve energy independence by 2020.

[…]Under current law, the federal government controls oil, coal and gas permits for federal lands. But Romney argued determination should be up to state officials, insisting individual states are in a better position to “develop, adopt and enforce regulations” on local basis than the federal government–which his campaign says has been unduly influenced by Washington politics.

This is going to get him some votes in North Dakota, Montana, Ohio, Pennsylvania, West Virginia, Alaska, etc. We have a lot of energy just waiting to be extracted from the Bakken an Shale and the Marcellus Shale, for example. Just keep the federal government out it and get on with getting the price of gas back under $2. Put people back to work, too.

A policy paper released ahead of the candidate’s speech by the Romney campaign argues President Barack Obama “has intentionally sought to shut down oil, gas and coal production in pursuit of his own alternative energy agenda.”

Romney said that loosening regulations on the energy industry will benefit taxpayers by lowering gas costs and reducing the cost of consumer goods, which have increased as companies pay higher energy prices. He’ll argue that allowing more federal drilling would not only bring money back into the nation’s budget but would result in lower energy prices that could create jobs, lower the trade deficit and increase the nation’s security.

“Three million jobs come back to this country by taking advantage of something we have right underneath our feet. That’s oil, and gas, and coal. We’re going to make it happen. We’re going to create those jobs,” Romney said Thursday. “Let me tell you what else it does. It adds $500 billion to the size of our economy. That is more good wages. That’s an opportunity for more Americans to have a bright and prosperous future.”

The push is part of what Romney touted as an effort to achieve energy independence by 2020, a plan that also includes expanding offshore energy development along the coast of Virginia and North and South Carolina as well as approval of the Keystone energy pipeline linking Canada to the United States.

I think that Romney is doing a good job now of articulating specific policies that will fix the economy.

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526 economists, including 5 Nobel prize winners, grade Romney and Obama plans

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From the Daily Caller:

The 526 economists — including Nobel laureates Gary Becker, Robert Lucas, Robert Mundell, Edward Prescott, and Myron Scholes — point to six facets of Romney’s economic approach that they see as beneficial to future economic success.

  • Reduce marginal tax rates on business and wage incomes and broaden the tax base to increase investment, jobs, and living standards.
  • End the exploding federal debt by controlling the growth of spending so federal spending does not exceed 20 percent of the economy.
  • Restructure regulation to end “too big to fail,” improve credit availability to entrepreneurs and small businesses, and increase regulatory accountability, and ensure that all regulations pass rigorous benefit-cost tests.
  • Improve our Social Security and Medicare programs by reducing their growth to sustainable levels, ensuring their viability over the long term, and protecting those in or near retirement.
  • Reform our healthcare system to harness market forces and thereby reduce costs and increase quality, empowering patients and doctors, rather than the federal bureaucracy.
  • Promote energy policies that increase domestic production, enlarge the use of all western hemisphere resources, encourage the use of new technologies, end wasteful subsidies, and rely more on market forces and less on government planners.

Seven of the signatories are from Harvard University and five from Columbia University — two of President Barack Obama’s alma maters.

The economists’ statement of support pillories Obama’s economic record, claiming that his expansion of the federal government has resulted in “anemic economic recovery and high unemployment,” which will continue if his future plans are implemented.

Among the Obama policies with which the 526 economists take issue include:

  • Relied on short-term “stimulus” programs, which provided little sustainable lift to the economy, and enacted and proposed significant tax increases for all Americans.
  • Offered no plan to reduce federal spending and stop the growth of the debt-to-GDP ratio.
  • Failed to propose Social Security reform and offered a Medicare proposal that relies on a panel of bureaucrats to set prices, quantities, and qualities of healthcare services.
  • Favored a large expansion of economic regulation across many sectors, with little regard for proper cost-benefit analysis and with a disturbing degree of favoritism toward special interests.
  • Enacted health care legislation that centralizes health care decisions and increases the power of the federal bureaucracy to impose one-size-fits-all solutions on patients and doctors, and creates greater incentives for waste.
  • Favored expansion of one-size-fits-all federal rulemaking, with an erosion of the ability of state and local governments to make decisions appropriate for their particular circumstances.

We can’t afford four more years of incompetence and failure. We need to ask ourselves what economists like Thomas Sowell and Walter Williams would do. And they wouldn’t give Obama four more years. We need a change.

News

CNN fact-checks latest pro-Obama ad: it’s full of lies

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Radical leftist Wolf Blitzer fact checking a pro-Obama ad?

Let’s see:

Bridget posted this blurb which summarizes the situation for those who can’t see the video above:

The ad centers around the story of Joe and Ranae Soptic of Kansas City, Missouri. Joe lost his job when GST Steel went under in 2001, after 8 years of Bain Capital attempting to save the dying steel plant. Romney’s site addresses the claims regarding GST:

In 1993, GS Technologies, a company Bain Capital had invested in, purchased a struggling Kansas City steel plant from Armco. Prior to this investment, Armco announced plans to close the Kansas City plant if a buyer could not be found.

This investment – and $170 million in upgrades – kept the Kansas City plant competitive in a tough international market and saved the steel workers’ jobs for eight years.

In addition, the plant finally went under 2 years after Romney left Bain Capital to head up the Salt Lake City Olympics. Even if you believe the Obama campaign’s fact-checked and disproven claim that Romney left Bain in 2002, it would be obscene to blame Romney and Bain when the investment was designed to save GST Steel.

Now, the kicker that makes this the most offensive ad I have seen in a long time (although not in history, as a 2010 ad compared one GOP candidate to the Taliban). Soptic’s wife died in 2006, five years after he lost his job and health insurance with GST’s closing. When she went in for pneumonia, her cancer was so far evolved that it was untreatable, making health care irrelevent. The argument is basically that “some guy, who once worked for a company managed by the company Romney managed, lost his wife to cancer, so Mitt Romney killed her.” This is ridiculous. President Obama should immediately disown this ad, but I doubt that’s going to happen.

I’m actually surprised at CNN. I consider them less objective than Doonesbury cartoons. I guess even a stopped clock is right twice a day.

Obama campaign denies knowledge… yet they knew about it in May!

Although the Obama campaign is denying any knowledge of this story, Yahoo News says that the Obama campaign actually knew it was a fraud back in May.

Excerpt:

As Politico first reported, Soptic told essentially the same story in a May 14, 2012, conference call hosted by the Obama campaign. Here’s what he said then, according to a partial recording of the call passed along by a Republican official:

After we lost our jobs, we found out that we were going to lose our health insurance, and that our pensions hadn’t been funded like Bain promised they would be. I was lucky to find another job as a custodian in a local school district. They gave me some health insurance, but I couldn’t afford to buy it for my wife. A little while later she was diagnosed with lung cancer. I had to put her in a county hospital because she didn’t have health care, and when the cancer took her away, all I got was an enormous bill. That put a lot of stress on me: I thought I’d be paying it off until I died myself. That probably wouldn’t have happened if Bain kept its promise and I was allowed to keep our health insurance.

“It’s upsetting what Mitt Romney and his partners did to us,” he added.

The revelation drew an immediate rebuke from Romney campaign spokesman Ryan Williams, who said Obama and his campaign “are willing to say and do anything to hide the president’s disappointing record.”

“But they’re not entitled to repeatedly mislead voters,” he said.

The Obama campaign did not immediately respond to a request for comment.

Even if Obama disowned the ad, it’s not going to make a difference to his rank and file – they get most of their news from the Comedy Channel anyway.