Robert Gibbs: Mitt Romney's Budget Math Is 'Absolutely Crazy' (VIDEO)
Video at link: http://www.huffingtonpost.com/2012/10/07/robert-gibbs-mitt-romney-budget_n_1946214.html?utm_hp_ref=politics
WASHINGTON -- Former White House spokesman Robert Gibbs on Sunday lit into Mitt Romney's recent debate performance, calling the Republican presidential nominee's claims "fundamentally dishonest" and "absolutely crazy."
"The underpinnings and foundations of that performance were fundamentally dishonest," Gibbs said on ABC's "This Week with George Stephanopoulos." "He walked away from the central tenet of his economic theory by saying he had no idea what the president was talking about. Ten minutes after the debate, even his own staff is walking back his answers on health care and preexisting conditions."
During the debate on Wednesday, Romney insisted that there is no tax break for corporations sending jobs offshore. In fact, there are several tax perks associated with offshoring. Moving costs can be explicitly deducted from a company's tax bill, and corporations do not have to pay tax on revenues earned overseas in tax havens until they bring the money back to the United States -- giving businesses an incentive to move work abroad and keep money offshore.
Romney's own campaign adviser, Eric Fehrnstrom, also quickly walked back Romney's debate claim that the former Massachusetts governor's health care proposal will guarantee affordable insurance for people with pre-existing conditions.
President Barack Obama, in a performance that was widely panned, failed to correct Romney on the distortions he presented during the debate. The Obama campaign has been doing damage control in the days since, belatedly challenging Romney's assertions and highlighting lies he told.
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