Courtesy of Wonkblog, here:
Romney is right that the Obama administration has allocated about $90 billion for clean-energy programs. But he’s wrong that half of those programs have failed. Here’s the breakdown from the White House: $29 billion for energy efficiency, including home retrofits; $21 billion for renewable generation such as solar and wind; $10 billion for modernizing the electric grid; $6 billion to promote advanced vehicles and a domestic battery industry; $18 billion for high-speed rail and other trains; $3 billion for research into coal carbon sequestration; $3 billion for job training; $3 billion for clean manufacturing tax credits. (The one caveat is that not all of that money has been spent yet.) Yet while there have been a handful of notable failures, such as Solyndra, not even close to half of the clean-energy loan recipients have failed–at the end of 2011 the failure rate was just 1.4 percent.
Romney mentioned there are a number of ways to limit deductions. I recapped a few of them earlier today. None of them raise close to the $500 billion in a single year necessarily to make Romney’s plan revenue neutral; indeed, they’d all raise less under his rate cuts.
Romney said his web site has a “lengthy description” of his health-care plan. In fact, it’s only 369 words. He also said it covers preexisting conditions. It doesn’t. Romney wouldn’t cover preexisting conditions for Americans who fall uninsured for periods of time, which happened to 89 million Americans between 2004 and 2007.
Mitt Romney says he’s not going to cut taxes for the rich. According to the Tax Policy Center, even if he were to cut all tax breaks - save for those he’s promised to preserve - for high-income people, people making over $1 million a year would get an average tax break of $87,117.
More to come. I guarantee it.