He continues to emphasize that the economy and jobs are his top priority. Putting America to work, encouraging investment, fueling GDP, "creating" jobs in the private sector are all his emphases. EXCEPT...
Well, we had a well blow out in the Gulf of Mexico creating an ecological disaster which will persist for decades...or disappear within a few weeks and be undetectable. So, wasn't there federal inspection of those projects? Yes, there was, but the agency responsible was incompetent. Therefore we must create a bigger agency with more regulations and, oh yes, don't forget to fine the free enterprise sector billions of dollars along the way. Set up a czar to distribute some of that largesse to people "impacted" by the spill. Let the czar do it arbitrarily based on how he feels about a claim.
Then don't forget to suspend all drilling in the gulf, even on-going wells; even already approved projects; even supporting research in the area. That should really help the job situation along the Gulf coast. And it should do a number on oil supplies for this country. Will gas prices rise by a dollar a gallon? Already accomplished. Buy a windmill or sails for your car.
But now we have this:
Operating, Approved, Major Coal Mining Curtailed
Yep, with a stake in the heart of a writhing oil industry let us move the focus to destruction of our more abundant domestic energy resource. Let's take a company operating with billions of dollars of infrastructure investment to meet energy needs and put them to rest. Of course there has been a detailed regulatory red-tape approval process to authorize this enterprise, but that was then and this is now. EPA, do your stuff.
Immediate impact? 1200 workers idled. Long term? Local businesses decline from loss of customers. Regions dependent upon coal as a low-cost power source for generating plants, heating, etc. will see prices rise. Uncertainty in the remainder of the coal mining industry regarding investment, approvals, potential for profits rises and energy shortages ensue.
You betcha. That Messiah has really got a grasp on the situation for economic growth, job creation and recovery.
2 comments:
Imperial Fiat? I thought this was going to be an essay about a new car from the merger of Chrysler and that Italian car company...
He told us he was going to shut down the domestic coal industry.
He told us that our utility costs would "skyrocket".
He's told us time and time again what he's going to do to us.
You'll notice he doesn't have the cojones to tell us what he has planned for our firearms....
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