What Mitt Romney is saying today about climate change is pretty much what he’s been saying all along. First, here is what he said yesterday:
The Great One, Larry Kudlow, on the rise in oil prices:
In any event, I side with clear-eyed Wall Street forecaster John Ryding, who believes the $10 or so oil-price hike will reduce real growth by only one-quarter of a percent while adding a like amount to inflation. Ryding expects 3.5 percent growth this year.
Here is my Reuters Breakingviews piece from last week:
General Electric boss Jeffrey Immelt last Thursday castigated Washington for neglecting the U.S. energy industry, calling current policy “stupid.” Sure, Immelt was talking his own book — a third of GE’s profit last year came from its power unit. But the lack of a comprehensive energy strategy is still an economic drag.