In the linked article, Charles Krauthammer aptly noted what last week's oval office speech was - an attempt to leverage the oil spill and its consequences to advocate Obama's cap-and-trade climate-change agenda. Sure, Obama decried BP and attempted to sympathize with the people in the gulf region, but by the second half of the speech, he was telling the American people why they had to ditch the evil black substance and turn toward the green. Gotcha. What green technology? Ethanol? Nope. That one didn't work. Okay. What else? The fact is, he has no clue, but this doesn't stop him from peddling the nebulously defined green economy and relentlessly attempting to "tax carbon, spend trillions, and put government in control of the energy economy."
In a stable economic environment, designating reasonable amounts of money for the research of alternative energy sources isn't a terrible idea. But we neither enjoy a stable economic environment nor modest success with any alternative green energy sources to date. Throwing insane amounts of money at every cockamamie green project and heavily taxing the current energy industry simply for existing, will drive up gas prices and send our economy into further turmoil.
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