Gingrich exposed Obama's confusion regarding fracking, saying that:
"Obama lives in this fantasy world of government subsidies. He says, quote, "It was public research dollars that over the years helped develop the technologies that companies are right now using to extract oil and natural gas." Just to set the record straight, fracking began in Kansas in 1947 and it expands to Oklahoma in 1949. It's done in Canada in the 1950s. And George Mitchell and the private sector are regarded as the pioneers in the development of "fracking." This would be like suggesting that the Air Force invented the airplane and they don't know who these two Wright Brothers are because, after all, they were private sector guys who were just bicycle mechanics, and how could they have invented the airplane when actually it must have been the Air Force because everything that was good is done by the government. That is the Obama mindset."
Gingrich summarizes:
"Obama's is a very revealing speech. You have an intellectual left winger who lives in a fantasy world in which he very cleverly uses language to say things that aren't true that sound good because he knows that if he tells you what he really wants to do, you will defeat him in a landslide. One of our jobs, of course, is to make sure that the American people understand what he really wants to do. Our choice is between energy independence and never again bowing to a Saudi King and $2.50 gasoline and about $18 trillion in royalties over the next generation; enough you could literally pay off the national debt just with the royalties for the federal government from development with no tax increase, and at least a million new jobs. That is our side. Obama's side is a series of fantasies in which your tax money is thrown away on products that are not commercially feasible, while you pay higher and higher prices, and are coerced into smaller and smaller and smaller vehicles. These are the two futures we are going to campaign on this year."
http://spectator.org/archives/2012/02/29/obama-loses-his-first-debate/3
Bump!