Obama on a revised take on some of the least believable words in the English language
“Let me repeat – nothing I’m proposing tonight should increase our deficit by a single dime. It’s not a bigger government we need, but a smarter government that sets priorities and invests in broad-based growth.”
That’s followed by
“Four years ago, other countries dominated the clean energy market and the jobs that came with it. We’ve begun to change that. Last year, wind energy added nearly half of all new power capacity in America. So let’s generate even more. Solar energy gets cheaper by the year – so let’s drive costs down even further. As long as countries like China keep going all-in on clean energy, so must we.”
Much of this is predicated by Obama’s ignorance in attributing the recent Superstorm Sandy and severe drought to human induced climate change when all the evidence is that hurricane activity has declined, global precipitation is unchanged and in the face of increased carbon dioxide emissions temperatures have not increased for 16 years. Wind power is and will remain the cheapest of the exotic renewables but is three times the cost of coal/gas and will remain so. China plans to generate just 0.3% of its electricity from wind/solar by 2020 but will sell windmills to anyone stupid enough to buy them. The US may be saved from its President’s wastefulness by its entrepreneurial initiatives in shale oil exploitation. But this will be in spite of the administration which has steadfastly refused to allow the activity on federal lands and has blocked the major pipeline from Canada
Then, notwithstanding that nothing he proposes will increase the deficit by a single dime, he introduces new spending with
“I propose we use some of our oil and gas revenues to fund an Energy Security Trust that will drive new research and technology to shift our cars and trucks off oil for good.
“The states with the best ideas to create jobs and lower energy bills by constructing more efficient buildings will receive federal support to help make it happen.”
And he proposes to have Washington take on the risk that interest rates might rise by offering free insurance opt home buyers with
“Right now, there’s a bill in this Congress that would give every responsible homeowner in America the chance to save $3,000 a year by refinancing at today’s rates. Democrats and Republicans have supported it before. What are we waiting for? Take a vote, and send me that bill. Right.”
My prize for crass obfuscation and idiocy is his statement
“Tonight, let’s declare that in the wealthiest nation on Earth, no one who works full-time should have to live in poverty, and raise the federal minimum wage to $9.00 an hour. This single step would raise the incomes of millions of working families. It could mean the difference between groceries or the food bank; rent or eviction; scraping by or finally getting ahead. For businesses across the country, it would mean customers with more money in their pockets.”
Wow. If an increase to $9 an hour can mean more money for businesses why not try $18 an hour? Come to think of it let’s solve world poverty by giving everyone $30 an hour!