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One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Friday, February 24, 2012

Obama Administration Is Great With Blame Game & Damaging The U.S. Economy

"Our forefathers never envisioned a need for the requirement that a person should love the United States of America in order to run for or to hold the office of President. They believed that free American citizens would not stupidly vote for any person who was not in love with the Republic of the United States of America and who was 'America First' in speeches, deeds and actions." ~ Dr. Bill Smith

Click Pix or This Link to View Video
President Obama Wants Higher Energy Prices
Today, Brandon Stewart on The Heritage Network addressed "Five Half-Truths From Obama on Higher Gas Prices. During a speech on gas prices Thursday in Miami, the President tried to dodge responsibility for the pain Americans are feeling at the pump. Recognizing the trouble these higher prices are causing Americans, the President tried hard to demonstrate his concern over higher prices.

But as the linked video shows, the President and his Administration have repeatedly stated that they want higher energy prices. They want to use the pressure of higher energy costs as an excuse to force their green energy boondoggle on Americans.

In a new report, Heritage’s Nick Loris breaks down five half-truths in the President’s speech:
Half-truth #1: Oil production is the highest it has been in eight years. The increased production of oil and gas in the U.S. is largely a product of increased production on private land. The Administration could have encouraged much bigger gains by providing access to federal land.
Half-truth #2: Increasing oil production takes too long and would not impact the market for at least a decade. The sooner we make investments in domestic energy, the sooner those benefits will be realized. And with some serious reforms, some of this oil can reach the market in much less than a decade.
Half-truth #3: Oil is not enough. America has only 2 percent of the world’s oil reserves. President Obama frequently uses this number to push federal investments in alternative sources of energy that cannot stand the test of the market. The reality is that he uses this number deceptively.
Half-truth #4: Oil is not enough. The country needs an “all-of-the-above” approach to reduce its dependence on oil. While a familiar refrain from the President, it is a line that too often translates into wasteful subsidies for pet energy projects. A market-based strategy is the only all-of-the-above approach.
Half-truth #5: Speculators are driving up the price of gas, and they need to be reined in. While the President tries to blame the market, he ignores the power of supply and demand. By removing roadblocks to domestic energy production, the President can ensure that there is a healthy supply of American energy on the market, keeping prices competitive.
In addition, Loris lays out five things that Congress and the Administration could be doing to keep prices low.
  • Get moving on permits
  • Require lease sales when ready
  • Create a sensible review process
  • Remove regulatory delays and limit litigation
  • Approve the Keystone XL Pipeline
Despite Obama's Rhetoric, His Policies Actually Hinder Domestic Energy Production And Cost Jobs
Reacting to President Obama’s speech on energy yesterday, The Wall Street Journal editorializes, “‘The American people aren’t stupid,’ thundered President Obama yesterday in Miami, ridiculing Republicans who are blaming him for rising gasoline prices. Let’s hope he’s right, because not even Forrest Gump could believe the logic of what Mr. Obama is trying to sell. To wit, that a) gasoline prices are beyond his control, but b) to the extent oil and gas production is rising in America, his energy policies deserve all the credit, and c) higher prices are one more reason to raise taxes on oil and gas drillers while handing even more subsidies to his friends in green energy. Where to begin?”

The WSJ editors look at domestic energy production and write, “Mr. Obama rightly points to the rising share of U.S. oil consumption now produced at home. But this trend began in the late Bush Administration, which opened up large new areas on and offshore for oil and gas drilling that are now coming on stream. Mr. Obama sneered at expanded drilling as a candidate in 2008 and for most of his term has done little to expand it. In early 2010, he proposed to open some new areas to drilling but shut that down after the Gulf oil spill.”

They add, “Oh, and don’t forget the Keystone XL pipeline, which would have increased the delivery of oil from Canada and North Dakota’s Bakken Shale to Gulf Coast refineries, replacing oil from Venezuela.” Though President Obama has been promoting what he calls an “all-of-the-above” energy strategy, his rejection of the Keystone XL stands out in stark contrast to his stated goals. Even Democrats and unions criticized his decision, with Sen. Joe Manchin (D-WV) saying the it was “a major setback for the American economy, American workers and America’s energy independence.” And today, The Hill reports, “New polling data shows strong support for approving the Keystone XL oil sands pipeline that the Obama administration rejected in January, a decision that unleashed a torrent of GOP attacks against President Obama. The Pew Research Center poll released Thursday finds 66 percent who have heard about the issue say the proposed pipeline to bring oil sands from Alberta to Gulf Coast refineries should be approved, while 23 percent say it shouldn’t.”

Meanwhile, The Journal editorial points out, “Mr. Obama yesterday also repeated his proposal that now is the time to raise taxes on oil and gas companies, as if doing so will make them more likely to drill. He must not believe the economic truism that when you tax something you get less of it, including fewer of the new jobs they’ve created.” It’s worth noting that the last time Democrats in Congress floated the idea of raising taxes on energy companies, several Senate Democrats blasted the idea, and it was voted down with bipartisan opposition. Sen. Mary Landrieu (D-LA) called the proposal “laughable” and said, “Will it create jobs? No. It will actually hurt job production in the United States.”

The WSJ editors conclude, “We’d almost feel sorry for Mr. Obama’s gas-price predicament if it weren’t a case of rough justice. The President has deliberately sought to raise the price of energy throughout the economy via his cap-and-trade agenda. He is now getting his wish, albeit a little too overtly for political comfort.” It’s certainly instructive to recall what both Obama and his future Energy Secretary Stephen Chu said about gas prices in 2008. The AP wrote at the time, “Obama suggested that the main problem with high gasoline prices is their rapid rise, not their total of about $4 a gallon. ‘I think that I would have preferred a gradual adjustment,’ Obama said.” And Chu said, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”

Last Summer in a speech, Senate Republican Leader Mitch McConnell slammed President Obama’s energy policies, “The President says he’s a proponent of domestic energy production, but let’s be honest: he hasn’t shown it. And this shouldn’t surprise anyone. This is an administration, after all, that appointed an Energy Secretary who said a month after the President’s election that, ‘somehow we need to figure out how to boost the price of gasoline to the levels in Europe.’ Since then, the administration’s policies have helped get us there. Not only have gas prices skyrocketed, but the administration’s policies are also hindering the creation of thousands of good, private-sector jobs that so many Americans desperately need.”

And last summer's skyrocketing prices are nothing compared to the present gas price fiasco brought on by the Obama Administration's policies. Obama and his progressive minions are  great with the blame game as they seek every advantage to damage the the United States economy, to pit American citizens against each other and to permit non-Americans citizens and even foreign powers to gain advantages over our economy and our American way of life.

Tags: Barack Obama, Obama administration, blame game, damaging, the economy, cost of gas, gas prices, Steven Chu, energy prices, energy crisis, To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 1:26 PM - Post Link

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