Obama Drags Out Democrats’ Geriatric Energy Policy During State of the Union [Liberal Scams]

ATR ^ | 2011-01-26 | Christopher Prandoni

[92nina]

President Obama doubled down on his party’s energy policy during the State of the Union. Typical of Democrats, he demonized America’s oil and natural gas producers and looked to subsidize inefficient, alternative sources of energy.

Obama: With more research and incentives, we can break our dependence on oil with biofuels, and become the first country to have a million electric vehicles on the road by 2015

If Obama’s endgame is energy independence, it is impossible to accomplish this goal without increased access to America’s outer continental shelf and vast natural gas deposits. America currently imports around 60 percent of its oil and is yet to find a viable domestic biofuel that could supplement this import/export disparity.

The President’s second goal, a million electric vehicles on the road by 2015, is achievable only through the extension of massive taxpayer subsidies. The stimulus package allocated $2.4 billion in grants for advanced battery and vehicle manufacturing. The 2007 Energy Independence and Security Act guaranteed a $25 billion direct loan program aimed at electric vehicles. Furthermore, the $2,500–$7,500 tax credit available to electric car purchasers should be repealed and replaced in a revenue neutral way.

Obama: I'm asking Congress to eliminate the billions in taxpayer dollars we currently give to oil companies.

President Obama is referring to is Section 199 and dual-capacity deductions, two tax rules employed by nearly every domestic manufacturer. If the president wants to eliminate these policies, he should do so for all industries in a revenue neutral way. Raising taxes means higher energy bills and fewer jobs...

Read more: http://www.atr.org/obama-drags-democrats-geriatric-energy-policy-a5794#ixzz1CHGySRt9

[92nina]

We need to let the private sector find the best energy source, not government spending interests.

[quantim]

[JPG]

“Under my plan of a cap-and-trade system, electricity prices would necessarily skyrocket.” - Barack Obama

[dogcaller]

This is what makes this economic situation so tragic. We all know that government itself can not create good, permanent jobs...however there is one thing that only government can do that would jump start the private sector and re-ignite real wealth-creating growth. That would be to lift the restrictions on the development and use of our own oil, oilsand and gas resources. The intermitent ‘clean energy’ of solar and wind can provide neither baseline or peaking power and the power that it does produce is uneconomic. The administration grinds down today’s unemployed in name of a ‘green’ fantasy that is at least another generation away. Opening our resources to private investment would light up the animal spirits of our productive people, keep our hard-earned dollars circulating within our own economy and send an unmistakable signal to our enemies that America is back. Pray for America.

[captain anode]

Exactly. We have not had a realistic energy policy for the last 40 years.

Foolish Federal policy has forced small petroleum producers out of the loop. Just like spotted owl, fishing, farming, trucking next...