Romney Ticks Off Failed Math of Obama’s Four Years – Washington Times  “Mr. Romney simply ticked off all the budgets he has balanced in businesses, running the Olympics and as governor. And then delivered the killer line.

‘When we’re talking about math that doesn’t add up, how about $4 trillion in deficits over the last four years,’ he said. ‘That’s math that doesn’t add up.’”

Electric Car Battery Maker A123 Systems Files Bankruptcy after Receiving a $249 Million Government Grant – Bloomberg  “A123 Systems Inc., the electric car battery maker that received a $249 million federal grant, filed for bankruptcy protection and said it would sell its assets to Johnson Controls Inc. … President Barack Obama called A123’s CEO Vieau and then- Michigan Governor Jennifer Granholm during a September 2010 event celebrating the opening of the plant in Livonia that the company received the U.S. grant to help build. ‘This is about the birth of an entire new industry in America — an industry that’s going to be central to the next generation of cars,’”  Haven’t we seen this picture too many times ALREADY!

Michigan Gov. Snyder: Auto Bailout Success ‘Overblown’ – Newsmax  “Michigan Gov. Rick Snyder says the Obama administration’s bailout of the auto industry has become an ‘overblown’ issue and voters are more interested now in hearing how the presidential candidates intend to deliver future and better jobs to the state.”

The Fiscal Cliff: America’s Wile E. Coyote Moment – Fiscal Times  “You’d better buckle up. America is heading for a ‘Wile E. Coyote moment’ – you know, when the ‘super genius’ races off a cliff and for a fleeting, optimism-inspiring instant defies gravity before plunging onto the rocks below. That’s the scenario laid out by Bank of America Merrill Lynch economists in a note to clients on Friday. Despite rising consumer confidence – reflected in today’s better-than-expected retail sales report – and pockets of optimism that a deal can be reached to avoid the year-end fiscal cliff, the Bank of America team paints a decidedly bleaker picture.”

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