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For Context, from http://abcnews.go.com/Politics/OTUS/presidential-debate-transcript-denver-colo-oct/story?id=17390260&singlePage=true#.UG0JJ03oR3A http://abcne

For Context, from http://abcnews.go.com/Politics/OTUS/presidential-debate-transcript-denver-colo-oct/story?id=17390260&singlePage=true#.UG0JJ03oR3A http://abcnews.go.com/Politics/OTUS/presidential-debate-tran... : (CROSSTALK) ROMNEY: ... to oil, to tax breaks, then companies going overseas. So let's go through them one by one. First of all, the Department of Energy has said the tax break for oil companies is $2.8 billion a year. And it's actually an accounting treatment, as you know, that's been in place for a hundred years. Now... OBAMA: It's time to end it. ROMNEY: And in one year, you provided $90 billion in breaks to the green energy world. Now, I like green energy as well, but that's about 50 years' worth of what oil and gas receives. And you say Exxon and Mobil. Actually, this $2.8 billion goes largely to small companies, to drilling operators and so forth. ROMNEY: But, you know, if we get that tax rate from 35 percent down to 25 percent, why that $2.8 billion is on the table. Of course it's on the table. That's probably not going to survive you get that rate down to 25 percent. But don't forget, you put $90 billion, like 50 years' worth of breaks, into -- into solar and wind, to Solyndra and Fisker and Tester and Ener1. I mean, I had a friend who said you don't just pick the winners and losers, you pick the losers, all right? So this -- this is not -- this is not the kind of policy you want to have if you want to get America energy secure. The second topic, which is you said you get a deduction for taking a plant overseas. Look, I've been in business for 25 years. I have no idea what you're talking about. I maybe need to get a new accountant. LEHRER: Let's... ROMNEY: But -- but the idea that you get a break for shipping jobs overseas is simply not the case. (CROSSTALK) Regardless, I won't comment on this myself since I can't imagine any thread on this article staying clean...

protomyth 14y ago
I figure given the speed of writing, it was a poorly written article to take a soundbite and put it to a pre-existing opinion. It gets clicks and maybe a quick scan without providing the actual context. This is just one example of the next 24 hour news cycle from both side's news outlets. Job numbers hit Friday, so I only expect a day of it.
- sharkweek 14y ago
  Very much so -- watching it live, it really did not come across that harsh (this coming from someone who will 99% certainly be voting for Obama).
  - 001sky 14y ago
    Yes, the title: Mitt Romney Calls Tesla a 'Loser' is just Factually wrong.[1] He may (or may not) have implied it. But then again, this is in they eye of the beholder. Excluding the may, not, and implied are material defects, for example. _____
anigbrowl 14y ago
There's no energy-related company named Tester, though. So I think that was a transcription error by ABC (which does not make the context any less important).
- swatkat 14y ago
  It should've been Tesla :)
comicjk 14y ago
Romney is comparing money loaned ($90 billion) to money spent ($2.8 billion). As an investor Romney knows the distinction; as a politician he knows that many voters will not.

protomyth 14y ago

I figure given the speed of writing, it was a poorly written article to take a soundbite and put it to a pre-existing opinion. It gets clicks and maybe a quick scan without providing the actual context. This is just one example of the next 24 hour news cycle from both side's news outlets. Job numbers hit Friday, so I only expect a day of it.

sharkweek 14y ago
Very much so -- watching it live, it really did not come across that harsh (this coming from someone who will 99% certainly be voting for Obama).
- 001sky 14y ago
  Yes, the title: Mitt Romney Calls Tesla a 'Loser' is just Factually wrong.[1] He may (or may not) have implied it. But then again, this is in they eye of the beholder. Excluding the may, not, and implied are material defects, for example. _____

anigbrowl 14y ago

There's no energy-related company named Tester, though. So I think that was a transcription error by ABC (which does not make the context any less important).

swatkat 14y ago
It should've been Tesla :)

comicjk 14y ago

Romney is comparing money loaned ($90 billion) to money spent ($2.8 billion). As an investor Romney knows the distinction; as a politician he knows that many voters will not.