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Saturday, June 19, 2010

$7-A-Gallon Gas?

President Obama has a solution to the Gulf oil spill: $7-a-gallon gas.

That's a Harvard University study's estimate of the per-gallon price of the president's global-warming agenda. And Obama made clear this week that this agenda is a part of his plan for addressing the Gulf mess.

So what does global-warming legislation have to do with the oil spill?

Good question, because such measures wouldn't do a thing to clean up the oil or fix the problems that led to the leak.

The answer can be found in Obama Chief of Staff Rahm Emanuel's now-famous words, "You never want a serious crisis to go to waste -- and what I mean by that is it's an opportunity to do things that you think you could not do before."

That sure was true of global-warming policy, and especially the cap-and-trade bill. Many observers thought the measure, introduced last year in the House by Reps. Henry Waxman (D-Calif.) and Edward Markey (D-Mass.), was dead: The American people didn't seem to think that the so-called global-warming crisis justified a price-hiking, job-killing, economy-crushing redesign of our energy supply amid a fragile recovery. Passing another major piece of legislation, one every bit as unpopular as ObamaCare, appeared unlikely in an election year.

So Obama and congressional proponents of cap-and-trade spent several months rebranding it -- downplaying the global-warming rationale and claiming that it was really a jobs bill (the so-called green jobs were supposed to spring from the new clean-energy economy) and an energy-independence bill (that will somehow stick it to OPEC).

Sens. John Kerry (D-Mass.) and Joe Lieberman (I-Conn.) even reportedly declined to introduce their new cap-and-trade proposal in the Senate on Earth Day, because they wanted to de-emphasize the global-warming message. Instead, Kerry called the American Power Act "a plan that creates jobs and sets us on a course toward energy independence and economic resurgence."

But the new marketing strategy wasn't working. Few believe the green-jobs hype -- with good reason. In Spain, for example, green jobs have been an expensive bust, with each position created requiring, on average, $774,000 in government subsidies. And the logic of getting us off oil imports via a unilateral measure that punishes American coal, oil and natural gas never made any sense at all.

Now the president is repackaging cap-and-trade -- again -- as a long-term solution to the oil spill. But it's the same old agenda, a huge energy tax that will raise the cost of gasoline and electricity high enough so that we're forced to use less.

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10 comments:

Anonymous said...

Maybe when the dependance card carrying idiots who voted for the kenyan can't afford gas for their Lexus' anymore, they will finally get the message. This imposter serves the same rich white people that all high ranking politicians serve.

Anonymous said...

I'm sure there will be a gas discount program for people who belong to unionms or are minorities

Anonymous said...

I'm sure we can find plenty of donors to douse the capital if it comes to it...

thomas augustus littleton said...

Good!!! Let's hope he does it before November so every open political office in America can be filled with conservative Republicans:)

Anonymous said...

Its not just gas prices, It will affect all segments of society, from electricity to more higher food prices. Everything has already doubled from a few years ago. It will have a big impact on spending and just cause more hardship on the already struggling economy! We are already loosing too many jobs. Construction should have picked up by now, but it hasn't! Too many now are still unemployed!

Anonymous said...

$4 a gallon about shut down the country. I can see obama shooting for $7.

Daddio said...

$7 a gallon is not sustainable. We discovered that breaking point to be around $4 a gallon in the past couple of years.

There won't be enough customers to justify that high of a price for gas ...

Anonymous said...

thats it, wheres my old Western Flyer...

Anonymous said...

Wow! Just read some of these comments just helps me keep mind of how far we've come but yet how far we have to go. Racism is very much alive and it's sad! Obama has inherited this mess from our previous caucasion presidents, but yet everything falls on the black man huh! How did the spill start? Was it not British Patrolium? Who are operated by caucasions? It's not u guy's fault, so I'm not mad atcha, but these comments have to be approved before their posted, so he doesn't know any better than u! As long as it's negative news, than it's good news. Prove me otherwise!

Anonymous said...

Roger That!