In an address on the subject of economic freedom at the University of Chicago, Mitt Romney threw a punch at President Obama on one of conservatives favorite subjects: lightbulbs.
And the government would have banned Thomas Edison’s light bulb. Oh yeah, Obama’s regulators actually did just that.
Edison isn’t the only inventor Romney alleged would have been stymied under President Obama:
President Obama hopes to erase his record with a speech. In a recent address, he said that, “We are inventors. We are builders. We are makers of things. We are Thomas Edison. We are the Wright Brothers. We are Bill Gates. We are Steve Jobs.”
The reality is that, under President Obama’s administration, these pioneers would have found it much more difficult, if not impossible, to innovate, invent, and create.
Under Dodd-Frank, they would have struggled to get loans from their community banks.
A regulator would have shut down the Wright Brothers for their “dust pollution.”