Washington & Wall Street: Obama, Energy & 'Californication'

It's the edge of the world
And all of western civilization
The sun may rise in the East
At least it settled in a final location
It's understood that Hollywood
Sells Californication
Red Hot Chili Peppers

Barack Obama is arguably the most incompetent and duplicitous individual to occupy the White House since Franklin Roosevelt. His ineptitude is illustrated by fiascos like the terrorist attack in Benghazi. More recently, we saw the gratuitous public rejection of Fed Chairman Ben Bernanke during an interview with Charlie Rose on PBS. Obama’s cavalier comments about the Fed chairman staying “too long” caused a week-long sell-off in the financial markets that has badly shaken public confidence in the US economic recovery.

But America’s analog to Venezuelan dictator Hugo Chavez is just getting started. Today President Obama will make a climate policy address at Georgetown University. The White House has been keeping its intentions under cover, in part because Obama’s socialist, anti-growth agenda on energy is even contentious among many of his supposed supporters in the Democratic Party. But the President’s duplicity will again be on display--for all who bother to take notice.

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