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Updated 10:07 a.m. - ATHENS, OH – Energized by a huge crowd and, likely, his improved debate performance against Mitt Romney Tuesday night, President Barack Obama went on an extended riff during remarks here about what he said was Romney’s inauthentic support for coal energy.
Noting that Romney praised coal during the debate at Hofstra University, Obama pointed out that as governor of Massachusetts, Romney appeared in front of a coal factory to criticize its high level of toxic pollution, saying, “that plant kills people.”
Obama said voters should be skeptical of Romney’s embrace of coal, mocking him as “running around talking like he’s Mr. Coal,” as a crowd of 14,000 at Ohio University cheered him on.
“Does anybody ever actually look at that guy and think, man, he’s really into coal?” Obama asked the audience as he chuckled.
Obama then brought up an ad, released earlier this week, that showed Romney speaking to workers at an Ohio coal mine, saying the workers in the ad were forced to attend the August Romney event – which the mining company and some of the workers have refuted.
“Did you see when he was doing that ad, he was in front of all those guys – all these miners with hard hats. Find out later they had to come. Boss made them come. Come on, gotta be on the level if you want to be the president of the United States!” he exclaimed.
The Romney campaign responded to the president's remarks in Athens by releasing a statement from spokeswoman Amanda Henneberg. "“As we approach Election Day, President Obama’s rhetoric and personal attacks will not mask a failed record that has left middle-class families hurting. Under this President, permits for drilling on federal lands have declined, over one hundred coal-fired plants are schedule to close by the end of the year, and gas prices have more than doubled. Mitt Romney has an all of the above energy strategy, which will create millions of jobs and put our nation on a course toward North American energy independence by 2020.”
Obama returned to the White House on Wednesday night. He heads to New Hampshire Thursday before taping "The Daily Show with Jon Stewart" in New York City.
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Here is what OBAMA doesn't want you to know:
http://money.cnn.com/2012/10/18/news/economy/other-unemployment-rate/index.html?hpt=hp_t3
All you liberals do know that without coal you have no steel industry. Without a steel industry we are toast.
the steel mill at the fairless works in pa was either sold to china as the rod mill,all the rest was sold either as scrap ,or individual machinery also to china.10,000 people worked there every day that does not include all support people,you might ask why,GREED,they had many sources of energy,they just walked away.
mike, nice try but your facts are about as good as Obama's during a debate. This article is from 2001:
Officials of the United Steelworkers of America (USWA), which represents
most of Fairless Works' nearly 700 employees, were notified today of the
company's intention to permanently close these facilities on or after
November 12, 2001. Almost 600 employees will be impacted.
"Fairless Works is a clear example of the dramatic impact of unfair
imports. It is undeniable that the flood of imports, which began in 1998 and
continues today, has severely injured the U.S. steel industry. The best way
to stop the hemorrhaging and preserve this vital industry is through an
effective and comprehensive 201 trade remedy that provides a sustained period
of steel import stability in the United States."
Maybe you can blame Bain Capital? By the way who was the president in 1998 when the flood of cheap imports began??? I look foreward to your answer.
lets start with are you going to tell me that there were not 10,000 people not working 3 shifts there?clinton was pres.imported slabs of steel came from china also rods,russia sent them also,it was a union busting scheme to import rather than pay the steelworkers,you come off as a well read person but fairless works supported many surrounding communities since the 50's,but i suspect you are what?say 37,your in 2001 i'm in the 50'sthru today.touche?the people at ussteel figured real estate was better than actual upgrades to the plant,plus epa mandates.i'll show you my hand a little i made alot of money in the place where they kept the ingots before they went to the rolling mill they were called the soaking pits 2500 degrees,we went in after they cooled down.
Oil is finite. And while coal is also, killing the industry seems unwise. Surely ways can be found to use coal without undue damage. As to exporting coal, a big controversy in our area, other nations are going to use coal and are going to obtain it somewhere. Our balance of trade as well as employment could sure use the jobs and dollars coal would provide. If you need a scary example of what killing an industry can do to people, watch "Brassed Off".
if this other clown the mormon,wins you people out there in fantasy land will wish you had obama in the white house cause after they skin you ,then they will pick off the meat,then they will give the buzzards your carcass,only good thing to come about is all the little kids will sell trinkets to romney's chinese friends who come as tourist but also buy real estate so they can move here when they can't live in the polluted lands of china,good thing the 2nd amendment has stood its test of time.
Actually President Obama should be credited with fulfilling some of his 2008 campaign promises. He said he wanted gasoline prices to rise and they certainly have thanks, in part - not entirely, to his actions. He also said that coal plants and mines were going to go bankrupt and they are, again thanks, in part - not entirely, to his actions. Now you may like his policies and want to vote for him or you may dislike his policies and want to vote against him, but Romney is certainly less opposed to coal and other fossil fuel US energy development than the President is. So Romney being "Mr. Coal" is true to the extent that it's a comparison to the President.
Oh and by the way, it takes time to develop US natural resource production and the fact that it's higher now than it was 4 years ago is due to President Bush, not President No. The effect of his restrictive policies will hobble US fossil fuel production in coming years as less comes on line than otherwise would have.
So everything is not his fault. And if so it's Bush's fault. A man without fault is an a$$ hole.
Its COOL ( MITT ) not coal you dumb ass after your display of uncivilized mannerism on the second debate.
Obama acting like Biden by interrupting makes Mitt uncivilized?
Romney isn't mister coal, he is mister COLD hearted. He cares only about himself and the 1% and that isn't going to change!!!
O&Joe 2012 ****Liar Romney 1040****
marco-399856
Its COOL ( MITT ) not coal you dumb ass after your display of uncivilized mannerism on the second debate.
#158 - Thu Oct 18, 2012 3:37 PM MDT
marco: Romney was (mister takeover the debate) during the 1st debate also. He's arrogant and thinks that if he tries bullying people he can get his way. Just like when he cut his school mates hair. He was a draft dodger during Viet Nam and I think he feels he has to make up for that, by trying to bully everyone else around. It doesn't work that way, once a draft dodger, always a draft dodger. I served in Viet Nam and Romney SWERVED during Viet Nam. He's nothing but a COWARD and always will be.
O&Joe 2012 ****Coward Romney 1040****
gustifer
amen,he'll get his at the end of the road when they separate men from girls.i bet he does not have a guilty conscience either,by the way,what branch are the boys in?
President Obama's Taxpayer-Backed Green Energy Failures
The complete list of faltering or bankrupt green-energy companies:
1.Evergreen Solar ($24 million)*
2.SpectraWatt ($500,000)*
3.Solyndra ($535 million)*
4.Beacon Power ($69 million)*
5.AES's subsidiary Eastern Energy ($17.1 million)
6.Nevada Geothermal ($98.5 million)
7.SunPower ($1.5 billion)
8.First Solar ($1.46 billion)
9.Babcock and Brown ($178 million)
10.EnerDel's subsidiary Ener1 ($118.5 million)*
11.Amonix ($5.9 million)
12.National Renewable Energy Lab ($200 million)
13.Fisker Automotive ($528 million)
14.Abound Solar ($374 million)*
15.A123 Systems ($279 million)*
16.Willard and Kelsey Solar Group ($6 million)
17.Johnson Controls ($299 million)
18.Schneider Electric ($86 million)
19.Brightsource ($1.6 billion)
20.ECOtality ($126.2 million)
21.Raser Technologies ($33 million)*
22.Energy Conversion Devices ($13.3 million)*
23.Mountain Plaza, Inc. ($2 million)*
24.Olsen's Crop Service and Olsen's Mills Acquisition Company ($10 million)*
25.Range Fuels ($80 million)*
26.Thompson River Power ($6.4 million)*
27.Stirling Energy Systems ($7 million)*
28.LSP Energy ($2.1 billion)*
29.UniSolar ($100 million)*
30.Azure Dynamics ($120 million)*
31.GreenVolts ($500,000)
32.Vestas ($50 million)
33.LG Chem's subsidiary Compact Power ($150 million)
34.Nordic Windpower ($16 million)*
35.Navistar ($10 million)
36.Satcon ($3 million)*
*Denotes companies that have filed for bankruptcy.
NMT, great list! It shows that Obama and his friends either A. Don't understand that you cannot force an industry into existence or B. They don't care because they are getting paid off it.
Mortgage fraud
In 2004, the Federal Bureau of Investigation warned of an "epidemic" in mortgage fraud, an important credit risk of nonprime mortgage lending, which, they said, could lead to "a problem that could have as much impact as the S&L crisis".[103][104][105][106]
The Financial Crisis Inquiry Commission reported in January 2011 that: "...mortgage fraud...flourished in an environment of collapsing lending standards and lax regulation. The number of suspicious activity reports – reports of possible financial crimes filed by depository banks and their affiliates – related to mortgage fraud grew 20-fold between 1996 and 2005 and then more than doubled again between 2005 and 2009. One study places the losses resulting from fraud on mortgage loans made between 2005 and 2007 at $112 billion. Lenders made loans that they knew borrowers could not afford and that could cause massive losses to investors in mortgage securities."[66]
New York State prosecutors are examining whether eight banks hoodwinked credit ratings agencies, to inflate the grades of subprime-linked investments. The Securities and Exchange Commission, the Justice Department, the United States attorney’s office and more are examining how banks created, rated, sold and traded mortgage securities that turned out to be some of the worst investments ever devised. As of 2010, virtually all of the investigations, criminal as well as civil, are in their early stages
The immediate cause or trigger of the crisis was the bursting of the United States housing bubble which peaked in approximately 2005–2006.[9][10] Home-for-sale inventory began climbing sharply in 2005 as ARM rates rose, unsold inventory built,[11] and high default rates on "subprime" and adjustable rate mortgages (ARM), began to increase quickly thereafter.
An increase in loan incentives such as easy initial terms and a long-term trend of rising housing prices had encouraged borrowers to assume difficult mortgages in the belief they would be able to quickly refinance at more favorable terms. Additionally, the increased market power of originators of subprime mortgages and the declining role of Government Sponsored Enterprises as gatekeepers increased the number of subprime mortgages provided to consumers who would have otherwise qualified for conforming loans.[
Mason, you can blame it the dems...
"I think that the responsibility that the Democrats had may rest more in resisting any efforts by Republicans in the Congress, or by me when I was President, to put some standards and tighten up a little on Fannie Mae and Freddie Mac." - Former President Bill Clinton (D-AR), September 25, 2008
October 9, 2008
Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform
The Washington Times Fails To Research The Administration's Efforts To Reform Fannie Mae And Freddie Mac
Today, the Washington Times incorrectly accused the White House of ignoring warnings of trouble ahead for government-sponsored enterprises (GSEs) and neglecting to "adopt any reform until this summer," when it was too late. "Neither the White House nor Congress heeded the warnings, Fannie and Freddie retained strong bipartisan support during the 1990s and early part of this decade."
Over the past six years, the President and his Administration have not only warned of the systemic consequences of failure to reform GSEs but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. In fact, it was Congress that flatly rejected President Bush's call more than five years ago to reform the GSEs. Over the years, the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems with the GSEs.
Start-up failures are a very common occurrence-particularly when outsourcing and competitive markets develop. For example India or India. Report: Three of every four VC-backed startups don't return capital
GOP Zombies cite a travesty of failure as a taking point yet in the Private Sector-the same one who knows all and sees all-personas skilled in the art of evaluating sector performance for emerging markets versus mature markets-use the same or much looser investment strategy.
Mason the travesty is tax dollars going into the pockets of Obama's bundlers, supporters and friends who own these companies. I'm done here. Have a grand liberal day.
The obvious failure of logic in your persistent struggle for relevance is-Republicans contribute as little as possible to the Tax revenue by philosophical decree. The current GOP Zombie straw-man candidate is a perfect example. In contrast they are oblivious to this function of academics when it comes to pork barrel handouts and war-related cost. All of which far out-distances any of your posts in terms of sheer burn-rate of-you guessed it projected tax revenue.
The GOP Zombie Candidates are from the same mold- A corporate raider (now endorses the same market space cited earlier for abject failure) and a schoolboy who inherited his family's winnings thru Government funded public works projects. In the later case Ryan has not managed to even get three pieces of useful legislation to the floor in over a decade and one was for revisions in "bow and arrow" taxation. Literally.
Any other interpretation beyond the truth about the GOP ticket is a cry for help...
You have been entertaining.
Three years into their forced marriage with GM, the American taxpayers have seen the value of their investment in GM deteriorate by approximately $24 billion, largely due to continuing European losses. Exposure in Europe has contributed to crushing the value of GM's stock due to its chaotic and failing Opel unit in Germany.
How many Americans would have been able to keep their homes with that kind of money?
...In 1995, the Clinton Administration changed the law governing GSEs' mission -- the Community Reinvestment Act (CRA) -- to encourage more lending in poor neighborhoods. Previously, the CRA directed government to monitor banks' lending practices to make sure they did not violate fair lending rules in poor neighborhoods. With the 1995 change, the government published each bank's lending activity and started giving bank ratings based primarily upon the amount of lending it performed in poor neighborhoods. These changes empowered community organizations, such as ACORN, to pressure banks to increase lending activities in poorer neighborhoods -- which involved reducing mortgage loan standards -- or face backlash from those organizations' private and political associates. For instance, if Chase made 100 mortgages in a poor Chicago district, and Countrywide 150, the government would likely give Chase a lower CRA rating, and community organizers could pressure politicians to make it more difficult for Chase to get licensed to do full ranges of business in new areas of the country. Low CRA ratings could also disadvantage Chase with regard to government lending programs and make it more difficult for Chase to participate in mergers and acquisitions through Fannie Mae, the government controlled banks' mortgage lending activity rates.
check my reply this page 154.3
Romney is all Bait & Switch con.The Corporate-Person-hood cyborg perversion.Corporations are not people & 4 wives do not equal one marriage.
the american people want real change.
...and obama aint it.