FOX Embeds

Romney Previews Economy Speech

Detroit, MI

Governor Romney has been campaigning hard on the message of revitalizing the Michigan economy and he has been long on promises:

“I will commit this to you. If I’m president of the United States, I will not rest until Michigan is back.”

But, short on detail, he has described a savings plan and says that innovation is the key to bringing jobs back to Michigan, but no clues into how he will get this done.

Today he will be giving a speech to the Detroit Economic Club where he is expected to give more details on how he will bring the Michigan economy back. Last night, he gave a preview to his speech:

“I want to make sure we also invest money in future technology,” Romney said, “automotive technology, materials technology and energy research. Money that we can invest here in Michigan so we spin out some products for industries here in Michigan.”

Check back for speech updates—Romney will address the Club today at 12:30.

Tags:

Share

12 Responses to “Romney Previews Economy Speech”

Comment by nathan Jones

Goog job mitt! I hope he has a detailed plan. What is McCains economy plan for michigan? Does this guy have a clue what he stands for(his plan) concerning michigan economy? Last time i checked the economy is equally important as forgien policy. With out a good economy everything falls!

 
Comment by Hisham

Excellent article ..

we will link with it at :
http://Libya82.com

 
Comment by Joseph, Grand Rapids, MI

Clearly Only Mitt Romney has what it takes to not only help Michigan, but the nation. Mitt Romney has my vote. GO Mitt!!!

 
Comment by Ana Ward in Alabama

Optimistic is the word not pessimistic. I do believe that if anyone is more intune with the economy, that one person is Govornor Mitt Romney.

 
Comment by CintiKid

This is McCains plan;

Raleigh, N.C. – What do John McCain, Environmental Defense, the Natural Resources Defense Council, and the Pew Center on Climate Change have in common? They have united to support a massive new tax increase on energy — which will raise costs throughout the economy and threaten the vitality of, among others, the oil and automobile industries.

I suspect that many who would be significantly harmed by McCain’s wrongheaded tax plan — say, blue-collar workers in Michigan — have never heard of it. The Arizona senator’s position on federal tax cuts is better known. Nearly all of his opponents in the presidential campaign have criticized him for voting against both of President Bush’s tax-reduction plans. What is not widely understood is that he is currently sponsoring legislation that, in the name of fighting global warming, would dramatically raise the tax on all carbon-based fuels, including gasoline, home heating oil, coal, and to a lesser extent, natural gas.

The proposed bill, co-sponsored with Joe Lieberman, mandates an energy-rationing scheme that all economists acknowledge is equivalent to a broad-based energy tax which is similar to Bill Clinton’s 1993 Btu tax proposal. Energy would be taxed through the back door by placing a cap on the amount of carbon dioxide (CO2) that energy-producing companies can emit. It puts a legal limit on the amount of energy that can be drawn from conventional sources such as oil, coal, and natural gas.

McCain’s energy tax would kick in whenever an energy-producing company wants to expand its output above the cap. If, for example, a utility company that is bumping up against its emissions cap wants to increase its production of electricity generated from coal, oil, or natural gas, it will have to buy permission to do so by purchasing unused permits from other companies. The same would be true of an oil refiner that wants to increase its output of gasoline or home heating oil, possibly to meet new consumer demand. The purchase price of the permits is a tax, and will have the same effects as a tax on the market; it would raise the price of the energy source, i.e. coal, oil, etc., and therefore, it would likewise raise the costs of all production that relies on those sources, as well as the price of all goods and services that those production processes generate.

The EPA has estimated what the McCain energy tax would mean to consumers. Since the bill’s provisions are phased in, the full cost of the tax would not be felt for a number of years. But in a letter to Senator McCain dated July 2007, the EPA estimated that the tax will be about $.26 cents in current dollars per gallon of gasoline by 2030 and $.68 cents per gallon by 2050. For electricity, the EPA estimates that the McCain energy tax would increase individual’s electric bills by 22 percent in 2030 and 25 percent in 2050.
The effect on the economy of the McCain tax would be similar to any other broad-based tax. In the EPA’s own words:

The present value of the cumulative reduction in real GDP for the 2012-2030 period ranges from $660 billion to $2.1 trillion…the cumulative reduction in the present value of real GDP for the 2012-2050 period ranges from about $1.6 trillion to $5.2 trillion.

The real surprise is that in a Republican primary in which Senator McCain’s anti-tax credentials are in question, none of his opponents have even mentioned his advocacy of this new broad-based energy tax. I will leave it to political pundits to speculate on the reasons why. But if it is thought that the climate change benefits will be worth these significant new costs on consumers and producers — think again. Over the next 100 years, the CO2 reductions from the tax will result in a temperature change that even its proponents concede, is so small as to be virtually undetectable by current technologies.

Higher energy costs will, among other things, raise the cost of manufacturing big-ticket items in American factories. And higher gas prices will likely raise demand for those classes of automobiles that tend to be manufactured overseas. Somehow, I think Michigan voters will be less than thrilled about this.

 
Comment by Dan, Lancaster, SC

Mitt Romney has the hands on know how that is needed in Washington in order to turn our economy around. I have full confidence in him and his abilities to accomplish this. He has my vote in this important election. I hope he has has yours.

 
Comment by Cory

Go Mitt! Beat those liberals Huckabee and McCain!

 
 
Comment by Brian

Gov. Romney needs to target not only Michigan, but the country. The ECONOMY will end up being the single issue that puts the president to be over the top. He MUST hit a home run with his speech/ plan for curtailing the present economic slide and it’s eventual recovery.

IN THE MEANTIME, Sen. McCain is blasting Romney in SC for NOT VOTING SOON ENOUGH on endorsement of the Bush Tax cuts. Tax cuts he HIMSELF did not vote for as stated and trumpeted two weeks ago. What is going on in SC? In addition, Flyers depict Romney as in support of abortion and calls out massachusetts as “taxachusetts”, a state that was running a 3 billion dollar deficit when Romney took over, and a 1 billion dollar surplus when he left? JUST WHAT IS GOING ON IN SC? And why hasn’t FOX NEWS covered this?

I’m thinking FOX NEWS is falling down on the job, they’ve obviously endorsed their candidate, Sen. McCain and are turning a blind eye to the wholesale LYING via McCain campaign flyers with respect to Mitt Romney’s record. Sad to see Fox News is NO DIFFERENT than the rest of the networks..

 
Comment by Jed

Looking forward to a Mitt win to show the country that the economy is what it is all about, and you can’t fudge on experience with the economy. (Ahem… McCain. Ahem… Huckabee.)

 
Comment by Carol

Isn’t there supposed to be a separation of church and state? Why is it then that Mitt Romney’s faith (The Church of Jesus Christ of Latter Day Saints) does not believe in preaching politics from the pulpit while Huckabee is campaigning in the churches?

Mitt has the character, strength and determination not to mention his proven record to make positive changes.

Where are all of the truly conservative Republicans? Certainly McCain and Huckabee are wolves in sheep’s clothing claiming to be Republican candidates but with ideals of the Democrats

 
Trackback by 8db97eb386ee

8db97eb386ee…

8db97eb386eeedf75d7a…

 

Sorry, the comment form is closed at this time.

Close
E-mail It
Powered by WordPress This blog is powered by WordPress.com