A day after promising to do whatever it takes to revive the American economy, Barak Obama promised to enage in global warming policies that will only further damage the economy.  If you need evidence of how damaging global warming policies are to the U.S. economy, one need look no further than the U.S. auto industry.

Obama and other liberals of his ilk, promoted global warming energy policies that lead to the crash of the U.S. auto industry because of the soaring cost of oil  in 2008.  Obama himself said that he wanted $4.00/gallon gasoline, he just wanted it to take longer to hit that mark.  But, liberals have been working for decades to bring about outrageous oil costs as a way to stop carbon emissions.  They succeeded wildy in 2008. The bottom line is that liberal global warming policies regarding oil prices were a significant contributing factor that likely will cost the country millions of jobs.

Now, Obama wants to move on to other industries, most notably coal.  Obama reiterated his support of "cap and trade" global warming policies that he admits will drive energy costs through the roof.  Obama also beleives that it will drive coal companies out of business.  This in turn will trigger higher taxes, because Obama believes that the rich should pay for the increased energy costs for the poor.

The 44th President of the United States is charting a course for complete economic collapse.  He may make Herbert Hoover look like Midas before it is all over.  The man is an economic illiterate who routinely displays a remarkable ignorance of basic economic theory.  The lesson of Detroit should be that government intervention and manipulation of markets is a horrible idea. Obama is demonstrating an inability to understand a simple, in your face lesson.  America is in real trouble.
  

Posted By:Brian Goettl @ 11/18/2008 8:01:00 PM  |    |