Tag Archives: Mitt Romney

Romney energy advisor on oil subsidies: four more years!

12 Jun

Originally posted on Grist:

In an appearance before the Senate Finance Committee tomorrow, the CEO of Continental Resources will argue for preserving the billions of dollars in tax subsidies the federal government provides to oil companies each year. Given that Continental Resources bills itself as “America’s Oil Champion” (after, we assume, a difficult championship battle), the CEO’s stance probably comes as no surprise. In fact, it’s hard to figure out why the Senate’s even bothering to hear from him, when a large blinking sign reading MORE MONEY PLS would be functionally equivalent.

But the CEO of Continental Resources, one Harold Hamm, isn’t just another energy executive. He’s also chair of Mitt Romney’s energy advisory team. The Hill got a copy of his planned testimony, in which Hamm declares that “[t]he tax provisions that let us keep our own money to reinvest in drilling are crucial to keep this energy revival going.” More…

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JP Morgan losses an unfortunate part of the free market economy: Romney campaign

15 May

Originally posted on National Post | News:

WASHINGTON — U.S. Republican presidential candidate Mitt Romney’s campaign said on Tuesday JPMorgan Chase & Co’s huge trading losses were an unfortunate part of a free market economy.

Romney adviser Eric Fehrnstrom told NBC that, while Romney supports some financial regulation, the losses at one of the nation’s largest banks involved investors, not taxpayers, and that rules for Wall Street shouldn’t hamper investments.

[np-related]

“The leadership of that company will be held accountable for this trading loss, but we don’t want to punish companies, he told NBC’s Today program. ”There was no taxpayer money at risk. All of the losses went to investors, which is how it works in a public market.“

The Romney campaign’s comments come a day after President Barack Obama said the huge trading loss highlighted the need for Wall Street reform. Some JP Morgan executives have already left the bank, which could see additional fallout when…

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Mitt Rmoney for America

7 Feb

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