Mitt Romney, Master of the
Mitt Romney believes that, between him and President Obama, only one of them knows one Very Important Fact:
Energy costs are important to businesses.
No, no. I’m serious.
Mark Halperin: I want to ask
I want to ask you to be just a little bit more specific about that, because again, he said this is like the central way he’s going to run this campaign, to focus on your business career. You said you know how to read a balance sheet. There are a lot of people in America who know how to do that. What would make you qualify to be President – again, specific things you’ve learned, things you know, policies that grow out of your experience at Bain Capital that would lead toward job creation.
Mitt Romney: Well Mark, let’s be a little more specific as to the area you’d like to suggest. Trade policies? Labor policies? Energy policies? Let’s take energy, for instance. I understand that in some industries, the input cost of energy is a major factor in whether an industry is going to locate in the United States or go elsewhere. So, when at Bain Capital, we started a new steel company called Steel Dynamics in Indiana, the cost of energy was a very important factor to the success of that enterprise.
Well, slap me silly and call me corn pone.
Energy? A very important factor in industrial manufacturing? Get. Out. Of. Town. Who woulda thunkit?
Here’s President Obama’s take on energy from a speech he gave yesterday in Iowa:
[T]he fifth thing is the reason why I’m here today. The fifth item on my “To-Do” list — I’m calling on Congress to extend tax credits that are set to expire at the end of the year for clean-energy companies like TPI. Let’s not wait. Let’s do it now.
Many of you know the story of what’s happening here better than I do, but I just want to remind you how far we’ve come. Shortly after I took office, I came to Newton — some of you remember — and we unveiled an all-of-the-above energy strategy for America. We said let’s produce more oil and gas, but let’s also produce more biofuels; let’s produce more fuel-efficient cars; let’s produce more solar and wind powerand other sources of clean, renewable energy. And I came to Newton because Newton is helping to lead the way when it comes to building wind turbines.
And since then, our dependence on foreign oil has gone down every single year that I’ve been in office — every single year. America is now producing more domestic oil than any time in the last eight years. But we’re also producing more natural gas, and we’re producing more biofuels than any time in our history. And that’s good for the Iowa economy. We’re laying the foundation for some of our nation’s first offshore wind farms. And since I became President, America has nearly doubled the use of renewable energy, like solar power and wind power — we’ve nearly doubled it.
So this country is on the path towards more energy independence. And that’s good for everybody. It’s good for people’s pocketbooks; it’s good for the environment; it’s good for our national security. We don’t want our economy dependent on something that happens on the other side of the world. We don’t want every time there’s a scare about war or some regime change in the Middle East that suddenly everybody here is getting socked and the whole economy is going down.
And the best thing is, in the process, we’re also putting thousands of Americans back to work — because the more we rely on American-made energy, the less oil we buy from other countries, the more jobs we create here at home, the more jobs we create here in Iowa. [...]
This is not just an issue, by the way, for the wind industry. Some of America’s most prominent companies -– from Starbucks to Campbell’s Soup –- they’re calling on Congress to act because they use renewable energy.
What’s Mitt’s answer? Dirty energy. Coal.
[T]he President is making it harder to mine coal, to use coal, to take advantage of our gas resources, to make it harder to get our oil resources – all those things combined to make our cost of energy higher than it needs to be, and it drives away enterprises from this country. It sends it to places that have lower-cost energy. I understand the impact of those kinds of factors on job creation. I will have a very different policy. My policy on energy is to take advantage of coal, oil, natural gas, as well as our renewables, and nuclear…
Dirty coal and what sounds strangely like an “all of the above energy approach”.
But, Mitt Romney thinks he’s got a thing or two to teach President Obama.