First Term: Obamacare that a majority of Americans DON’T want.
Now, if Obama re-elected his most import issue will be Climate Change. WTH?
Not the Economy.
Not Jobs or lowering the unemployment rate.
Obama believes the most important issue of second term is ‘climate change’
By Ed Lasky
June 11, 2012
President Obama is quoted in a New Yorker column by hooked-in journalist Ryan Lizza as believing the most important issue to address in his second term would be climate change
“Obama has an ambitious second-term agenda, which, at least in broad ways, his campaign is beginning to highlight. The President has said that the most important policy he could address in his second term is climate change (italics mine), one of the few issues that he thinks could fundamentally improve the world decades from now. He also is concerned with containing nuclear proliferation.”
Do we have the most obtuse President ever in the Oval Office?
Tens of millions of people out of work or underemployed; pension funds at risk; the entitlement crisis is getting worse every day it is unaddressed; the oncoming “fiscal cliff” threatens to throw us into another recession (predicted by the non-partisan Congressional Budget Office; Taxmaggedon begins on January 1st; our deficit is enormous and we have accumulated trillions of dollars of debt under his presidency with nothing to show for it other than high unemployment and high debt; and Barack Obama believes climate change trumps these concerns?
He has political tin ears.
Is he so surrounded by an entourage of yes people, is he so swayed by wealthy environmentalist who shower donor dollars on him, is his vision so occluded by the blinders that he apparently must wear when he is not in public that he does not realize the public is increasingly skeptical of the claims that there is such a thing as man-made climate change?
The promoters of this faddish idea have been caught manipulating data to justify their claims and have been caught (ClimateGate) trying to prevent the release of scientific data that would rebut their charges. Voters in coal mining states know what damage his current policies have caused, as do workers who would otherwise be employed right now building the Keystone XL pipeline. His climate change obsession has already caused many billions of taxpayer dollars to be lost (Solyndra was merely the most highly publicized of bankruptcies among the many green schemes backed by his donors). Over 70 percent of Obama’s Department of Energy loans and grants went to “individuals who were bundlers, members of Obama’s National Finance Committee, or large donors to the Democratic Party.”
Electricity prices have already skyrocketed-as he predicted and as he wanted when he was a candidate in 2008- when mandates for clean energy have been imposed on the public (ask Californians how they feel-especially during summer). He told us in 2008 that his plans regarding climate change would necessarily make electricity prices “skyrocket.”)
The cap and trade proposals that he tried to push through Congress early in his Presidency failed to gain traction as Republicans opposed them and as his attention shifted towards passing the stimulus and ObamaCare — but seemingly he has not given up on his quest to try to ram them through again in a second term. As a poker player, he must like to double down on losing hands.
Barack Obama is out of touch with what Americans want and believe (“the private sector is doing fine”) and as shown by his ObamaCare agenda , he does not really care what voters think or what their priorities may be.
Yep, just keep pushing the “Green Jobs” and “Greening our Economy” agenda Mr. Obama.
Could THIS be another reason Obama is pushing the Climate Change agenda? Lining the pockets of his supporters/financiers?
From WRI Insights.org
On Clean Energy, Time To Follow Where Google, GE, Buffett Lead
Submitted by Manish Bapna and Letha Tawney
May 29, 2012
A recent report, “Beyond Boom and Bust: Putting Clean Tech on a Path to Subsidy Independence,” by authors at the World Resources Institute, the Breakthrough Institute, and the Brookings Institution, highlights the scale of the subsidy blow to the U.S. industry. (See Forbes’ coverage of the report, here.) The authors find that U.S. federal support for clean energy technology, dropped nearly 50 percent from 2011 to 2012 alone, and could plummet a whopping 75 percent from 2009 through 2014. If Congress fails to renew the wind power production tax credit (PTC), set to expire in December, this would undercut the U.S. turbine market, endangering tens of thousands of jobs.
Despite these set-backs, some major corporate players are willing to ride out the turbulence, confident in clean tech’s long-term viability:
- MidAmerican Energy Holdings Company, a Berkshire Hathaway subsidiary, has committed $6 billion to become the largest generator of wind energy among regulated U.S. utilities.
- Google has invested more than $915 million in clean energy projects, including 20-year agreements to purchase power from wind energy developers in Iowa and Oklahoma, where it has large, energy-guzzling data centers. The tech giant has also launched Google Energy , a utility subsidiary that sells renewables-generated electricity to the grid.
- GE, already one of the world’s leading wind turbine manufacturers, announced in October 2011 that it would build a $300 million solar panel factory in Aurora, Colorado, which will make latest generation thin film panels from 2013.
Not every investor, however, has the deep pockets and long-term focus of Google, Berkshire Hathaway, and GE. As clean tech subsidies potentially expire in the U.S., other investors are choosing to sit on the sidelines. Ominously, according to Bloomberg New Energy Finance, investment in new wind farms, solar parks and other renewable projects globally fell to $27 billion in the first quarter of 2012, a three-year low. Investors are waiting to see how countries set solar subsidies in an era of austerity, and which solar companies will survive the current round of consolidations and mergers. They are also closely watching and what the U.S. does about renewing subsidies, particularly the production tax credit. All this volatility makes it difficult for them to plan and act.
The answer to this predicament is for the U.S. to accelerate the renewables industry’s cost competitiveness with fossil fuels. As “Beyond Boom and Bust” argues, Congress should extend clean energy subsidies to calm investors, while making it clear that they will decline over time. Just last week, President Obama urged Congress to extend the production tax credit at a wind plant in Iowa.