Romney seeks to capitalize on his debate performance

  • Article by: ANITA KUMAR and DAVID LIGHTMAN McClatchy News Service , McClatchy News Service
  • Updated: October 4, 2012 - 11:52 PM
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carltonkaOct. 3, 12 8:14 AM

Three questions we won’t hear in the upcoming debates: A question for both President Obama and Candidate Romney The high price of diesel and gasoline has been a drag on the economy for the last several years, with the recent jump in prices slowing the recovery. In the last ten years, the oil industry has recorded record profits, roughly seven times the profit levels they had in the 1990’s, $137 billion profit in 2011 as opposed to $17 billion profit in 1999. Oil production has more than doubled since the first Gulf War and oil exports have nearly tripled. As president, which of these steps would you take to bring down pump prices? a. Reinstitute a windfall profits tax on the industry to mitigate the excess profit taking. b. Reduce the need for exports by limiting our military’s presence and actions in the Middle East, and ending the sanction against Iran that is preventing them from supplying oil to their customers. c. Divert the subsidies and tax incentives given the oil and industry to new, green energy production. A question for President Obama You have said that you are not seeking criminal indictments against those in the financial services industry responsible for the housing bubble that has cost Americans and the global community upwards of $17 trillion dollars, saying that what they did “was not necessarily illegal.” While we all believe in the presumption of innocence, since you made that statement, lawsuits have been settled in favor of plaintiffs on the finding of fraud on the part of the financial institutions involved. With the statutes of limitations going to expire, should not the opportunity for justice be pursued by having the Justice Department begin action against the perpetrators of this massive financial scandal that crippled this economy and harmed millions of Americans? A question for Candidate Romney Recently, you said you were concerned that the political contributions of teacher’s unions cause a conflict of interest for elected officials, policymakers. This last March, President Obama sought to have a $4 billion oil and gas subsidy, roughly 18 percent of the $25 billion the oil industry received in taxpayer assistance last year, eliminated. The 49 Senators who blocked this measure received $25 million from the oil industry prior to casting their vote, versus the $8 million given Senators in favor of the measure. Do you think the most profitable industry in the history of the stock market needs subsidies and what would you do, if anything, to limit the ability of lobbies and corporations to financially influence the votes of Congress?

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reetnhOct. 3, 12 8:21 AM

We'll see how much Obama touts his record, or lack thereof.

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hrearden57Oct. 3, 12 8:36 AM

Most Americans are fiscally conservative. 0bama is not.

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vlombardyOct. 3, 12 8:39 AM

The debates should be listened to, not watched. Too many people vote on how a candidate looks, and not what he says. Of course, what is said not always agrees with what is done. For instance, the Republicans talk about job creation. If the President had been permitted to institute his jobs program, we would be well into a needed infrastructure rehabilitation that would have created millions of well-paying jobs for American workers employed by American corporations. The Republicans in Congress can take the blame for stopping that job creation, instead pushing for further tax breaks for 10% of the people. The entire current Republican agenda is based purely on "trickle down"-- the exact same principle that has brought us to this point.

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benturnerOct. 3, 12 8:42 AM

Tracked Metric Type Start Date Start Value Latest Value Improvement Years NASDAQ Composite Stock Index 1/20/2009 1,520.76 2,927.23 % 92.48 Up 0 Reference #1Reference #2 S&P 500 Stock Index 1/20/2009 849.64 1,351.95 % 59.12 Up 0 Reference #1Reference #2 Dow Jones Industrial Average Stock Index 1/20/2009 8,279.63 12,890.46 % 55.69 Up 0 Reference #1Reference #2 Date Date (SORTED DESCENDING) Accomplishment Category Category (SORT) Beneficiary Beneficiary (SORT) Rank Rank (SORT) 05/19/12 Blind Chinese dissident Chen Guangcheng free to leave China with his family and study in the USA after diplomatic negotiations with China by Hillary Clinton and the Obama administration International Relations Freedom of Speech Standard Accomplishment Reference 05/09/12 Barack Obama becomes the first President to publicly support the legalization of same sex marriage Defense of Marriage Act LGBT Major Accomplishment Reference 04/04/12 Members of Congress and certain government employees prohibited from using non-public information for personal profit, including insider trading. STOCK Act U.S. Citizens & Reducing Govt Fraud\Corruption Standard Positive Benefit Reference 02/22/12 Cuts in Medicare physician payment rates averted with extension of existing rates through 2012 Middle Class Tax Relief and Job Cr... Doctors & Retirees Standard Positive Benefit Reference 02/22/12 Federal unemployment benefits programs extended an additional 13 to 20 weeks Middle Class Tax Relief and Job Cr... Unemployed & Improving the Economy Standard Positive Benefit Reference 02/22/12 Self-employed social security payroll tax reduction from 12.4% to 10.4 % extended through 2012 Middle Class Tax Relief and Job Cr... Entrepreneurs & Improving the Economy Major Positive Benefit Reference 02/22/12 Employee social security payroll tax reduction from 6.2% to 4.2 % extended through 2012 Middle Class Tax Relief and Job Cr... Workers & Improving the Economy Major Positive Benefit Reference 02/09/12 Pakistan Al-Qaeda leader Badar Mansoor killed by U.S. drone attacks Al-Qaeda Defeating Al Qaeda Major Accomplishment Reference 01/30/12 U.S. drone attack in Yemen killed 12-15 militants, including at least four Al-Qaeda leaders Al-Qaeda Defeating Al Qaeda Standard Accomplishment Reference 2012 JAN Senior Al-Qaeda figure Aslam Awan killed in U.S. drone strike Al-Qaeda Defeating Al Qaeda Standard Accomplishment Reference 12/17/11 War in Iraq ended with last American troops crossing border into Kuwait 2003 Iraq War U.S. Citizens

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dibmaxOct. 3, 12 8:57 AM

If we conceded that trickle down does not help employment, VLOMBARDY, you say that this "principle that has brought us to this point". I think economists believe the housing bubble and the financial collapse brought us to this point. How did "trickle down" effect those to collapses? I am just curious?

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benturnerOct. 3, 12 9:05 AM

re: hrearden57Oct. 3, 12 8:36 AM Most Americans are fiscally conservative. 0bama is not. Exactly what Obama spending are you so outraged by?

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benturnerOct. 3, 12 9:25 AM

re: I think economists believe the housing bubble and the financial collapse brought us to this point. How did "trickle down" effect those to collapses? I am just curious?.... The housing bubble was a massive geyser up effect.

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threedoghouseOct. 3, 12 9:34 AM

I admit I hate the political ads and tune most of them out, but the one I found most effective was the one playing Obama's campaign talking points from 4 years ago and they're identical...word for word to this years.

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ironwolf1950Oct. 3, 12 9:42 AM

" If the President had been permitted to institute his jobs program, we would be well into a needed infrastructure rehabilitation....." Thanks for the laugh of the day.

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