Obama’s Undeclared War
- Posted by Jeff Carter
- on June 13th, 2011
Unemployment Rate Chart by YCharts
The title belies a little foreign policy post but this editorial in the Wall Street Journal caught my eye. Remember when the administration said it had a “laser like focus” on job creation. David Axelrod said it was about, “Jobs, jobs, jobs.”
To quote some old cliches. The proof is in the pudding. Actions speak louder than words.
No President since Jimmy Carter has enacted programs that were so job destroying.
Obama has begun dismantling the economic engine that was America through intense regulatory transformation. Regulators now frame their regulations through not the lens of safety or best practices, or what is best for the market. They frame their actions through what’s best for big government.
Big sweeping legislation passed in the first two years of his term, and now regulators rush to fill in the blanks. Twice I heard the same statement after the passage of Obamacare and Dodd-Frank. ”We will fix it.”
That statement belies bad bills that became law in the first place.
The EPA is no different. Your electric bills are going up 60% thanks to them. They have used a small window in mercury legislation to do something different.
“The real goal of the EPA’s rule is to shut down fossil fuel electric power in the name of climate change. The consensus estimate in the private sector is that the utility rule and eight others on the EPA docket will force the retirement of 60 out of the country’s current 340 gigawatts of coal-fired capacity. Reliability downgrades will hit the South and Midwest where coal energy is concentrated. American Electric Power recently announced that the rules will force it to shut down five plants in West Virginia and Ohio, a quarter of its coal fleet.”
Wonderful isn’t it?
The global warming science has been proven to be fraudulent. Only the true cult believers think there is anything to it after the rash of emails came out that blew a hole in the “science: that they were manufacturing to hoodwink the world.
Now Obama is setting policy based on fraudulent science only because he seeks to inject government into every facet of your life.
The energy industry is a great place to start job creation, both high and low skilled. As Judge Smales said in Caddyshack, “the world needs ditch diggers too.” Obama has gutted the energy industry in this country. Oil, gas and coal are strongpoints of America. Obama has used his power to try and dismantle the exploration, production, and distribution of energy. This is what is driving prices higher.
Next time you analyze a bill or a law, look at how it will be interpreted to effect your individual liberty and your daily life. That’s why the Ryan plan on Medicare is so revolutionary. It takes the power away from the government and gives it to you.
UPDATE
Timely post. Check this article out on searches and investigations. The people that thought the Patriot Act would give a lot of extra room to the Feds were correct. Unaccountable bureaucrats infesting your life.
thanks for the link Instapundit, welcome to his readers.
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Thanks for the link Absurd Report.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Jeffrey Carter is a serial entrepreneur, angel investor and independent trader. He specializes in turning concepts into profits. He co-founded Hyde Park Angels one of the most active angel groups in the United States in April of 2007. He previously served on the Chicago Mercantile Exchange Board of Directors. He has done market commentary for (More...) -
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