Romney Lies About Gas Prices and His Own Economists Won't Defend Him!

2012 Obama 2012/03/24 01:49:57
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It is looking pretty bad when Romney's own economists won't defend his attacks on Obama over higher gas prices:

"Mitt Romney on the campaign trail has chided President Barack Obama for failing to curb prices at the pump, even as prominent economists have debunked those talking points, saying there's little the president can do to lower prices in the short term. Now the latest twist: No one from Romney's economic team will step forward to defend him.

And not for want of opportunity.

After Romney insisted that more drilling in Mexico and in the Arctic National Wildlife Refuge could bring down the cost of gas, The Huffington Post contacted members of Romney's economic team -- two revolving-door lobbyists and two former chairmen of the Council of Economic Advisers under President George W. Bush -- to ask if they would vouch for the claim.

"I will pass. Sorry," prominent macroeconomist Gregory Mankiw, a Romney advisor, replied when contacted by HuffPost about an interview. Other queries were similarly denied or unreturned.

Consider the argument: "The best thing we can do to get the price of gas to be more moderate and not have to be dependent upon the cartel is: drill in the gulf, drill in the outer continent shelf, drill in ANWR, drill in North Dakota, South Dakota, drill in Oklahoma and Texas," Romney said on "Fox and Friends" on March 16.

Other economists haven't been shy about debunking the claim, explaining that U.S. energy policy has very little effect either on oil prices or on overall U.S. employment. Recent studies have backed them up. The Associated Press' statistical analysis of 36 years of monthly, inflation-adjusted gasoline prices and U.S. domestic oil production found no statistical correlation between gas prices and how much oil comes out of U.S. wells.

"The truth is that we're already having a hydrocarbon boom," Paul Krugman explained in a recent article, "with U.S. oil and gas production rising and U.S. fuel imports dropping. If there were any truth to drill-here-drill-now, this boom should have yielded substantially lower gasoline prices and lots of new jobs. Predictably, however, it has done neither."

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  • Tea in the Harbor 2012/03/24 02:02:13
    Just shake the etch-a-sketch and start over...
    Tea in the Harbor
    His statement wasn't meant to be factual, wait, that's the GOP Senate rules isn't it? romney

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  • nothingbutthetruth 2012/04/01 10:15:59
    Just shake the etch-a-sketch and start over...
    His Economists are smarter than him, that's why!
  • wow-really 2012/03/26 14:13:37
    Just shake the etch-a-sketch and start over...
    What does a man of bountiful previledges, living a wealthy life of charm, know about the everyday financial and economic struggles of the average, hard working, tax-paying, American?
    Not a damn thing, but he, as with many out of touch politicians, will have us believing they have all the answers, and they are "looking out" for us...Can ya say B- U - L - L -S -H - I -T !!!!
    Looks like it's Back to the drawing board, or should I say etch-a-sketch for poor ole Mitt..
    Let's see what other BS he can come up with to make people believe he is truly the best candidate...
    Mitt Romney is an idiot
     Mitt Romney hypocrite
     Mitt Romney etch a sketch
  • Rich 2012/03/26 13:17:28
    Just shake the etch-a-sketch and start over...
    This guy has no core.
  • Sissy 2012/03/26 10:29:25
    Romney lies every time he opens his mouth...
    Romney has lied all thru his hapless campaign on all sorts of issues. Why would anyone be surprised at yet another one.
  • bob h. 2012/03/24 14:31:57
    Just shake the etch-a-sketch and start over...
    bob h.
    If he wasn't a politician, he'd be a candidate for some serious therapy. As it is, people just accept it.
  • mich52 2012/03/24 04:13:14 (edited)
  • Keeping It Real 2012/03/24 03:59:12
    Romney lies every time he opens his mouth...
    Keeping It Real
    Romney is a straight up liar!.
  • Gir 2012/03/24 03:17:33 (edited)
    Just shake the etch-a-sketch and start over...
    The great thing is that if he were elected he would be the first to point out how false these statements are, well maybe not. For some reason we as Americans seem to be losing our long-term memories when it comes to politics. People will probably forget anyway.

    Amusing though that the people he's paying won't stake their careers on this disinformation campaign.
  • luvguins 2012/03/24 02:38:12
    Romney lies every time he opens his mouth...
    All these lame candidates are making promises they cannot keep and lying about Obama's policies. Drilling now won't impact gas prices for 2-3 years, Asia and India are using more oil than us and willing to pay more for it. Congress lowering the federal gas tax would do more than tapping the reserve, and getting after these commodity speculators, the largest of whom is Goldman Sachs would do more. Romney's narratives are all false, and he'll get called on it in debates with the president.
  • Kaleokualoha 2012/03/24 02:21:43 (edited)
    Just shake the etch-a-sketch and start over...
    Romney would be a "liar" only if he knew it was untrue. If he actually believed his statement, he would be worse than a liar, because it would expose his ignorance of basic economics - a fatal flaw for someone who is supposedly an expert.

    If we double domestic production, it may affect our balance of trade, but it would have little effect on oil prices. American oil production is a small fraction of world oil production. Even if we doubled domestic production, it would still be a small fraction of world oil production.

    It should be obvious that domestic oil prices reflect world oil prices. If they were significantly higher, refiners would buy from foreign sources. If they were significantly lower, suppliers would be throwing away money.
  • Scott 2012/03/24 02:07:26
    Romney lies every time he opens his mouth...
    It's really scary to think that this guy could become President. He lies and lies with impunity.. Even when caught dead to rights, no corrections, no apologies. Whether it's endorsing ads with quotes taken out of context, misstating facts and figures, or rewriting his past positions, he takes pride in his fabrications. Is this what we can expect from his Presidency? The man has no morals. He is a cross between a chameleon and a snake. He will say or do whatever it takes to be elected.
    positions pride fabrications expect presidency morals cross chameleon snake elected
  • Gir Scott 2012/03/24 03:27:42
    The amusing thing is that when you catch him in a bold face lie he says something like "What's sauce for the goose is now sauce for the gander."

    They feel that any criticism of Bush or McCain even when true, should now be lobbed at Obama even if untrue, because it worked for Obama. I think they believe in the repetition method. For instance if you listen to a Limbaugh program, whenever he states a falsehood, he repeats it 3 - 5 times in short order. To make it stick in the sub-conscience and make people believe it.
  • ὤTṻnde΄ӂ 2012/03/24 02:03:40
    Romney lies every time he opens his mouth...
    Romney is a pathological liar, this is to be expected. Anyone who ever chooses to believe him are complete nincompoops.
  • Tea in the Harbor 2012/03/24 02:02:13
    Just shake the etch-a-sketch and start over...
    Tea in the Harbor
    His statement wasn't meant to be factual, wait, that's the GOP Senate rules isn't it? romney
  • jeepster4 2012/03/24 01:58:49
    Just shake the etch-a-sketch and start over...
    Once again he plays checkers to Obama's game of chess.
  • 2012 Obama jeepster4 2012/03/24 02:01:08
    2012 Obama
    His own party and campaign managers can't stand him!
  • sjalan 2012/03/24 01:54:40
    Romney lies every time he opens his mouth...
    I saw this three faced statuette one time. Each had its mouth open saying something. From what I was able to see of the inscriptions below it, they were all saying something different.

    Sounds like Romney. It also sounds like the Trinity Doctrine of Christendom.

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