Saturday, January 21, 2012

Obama’s Magic Kingdom of Joblessness

The Heritage Foundation's Morning Bell from January 20th.

Yesterday in Walt Disney World, the land “where dreams come true,” President Barack Obama appeared before Cinderella’s Castle to announce his latest plan to boost jobs in America–an effort to increase tourism to the United States. His announcement came one day after he flat out said “NO” to another plan that would have directly created at least 20,000 truly shovel-ready jobs–and 179,000 American jobs by 2035–while bringing more than 700,000 barrels of oil to the United States each day. That plan was the Keystone XL pipeline.

Had the President approved Keystone, a 1,700-mile pipeline would have been extended from Alberta, Canada, to Texas refineries — lifting up the U.S. economy with private-sector investment, putting people to work, and helping increase the supply of energy to lower prices when fuel costs are through the roof. Despite a finding by the State Department that the pipeline would pose minimal environmental risk, environmentalists were still up in arms and lobbied the President to say no to the plan.

The President’s decision is so out of line with fact and reason that The Washington Post strongly condemned it in an op-ed yesterday, saying the “pipeline rejection is hard to accept” and “We almost hope this was a political call because, on the substance, there should be no question.” As the Post explained, even without the pipeline, Canada will still export its oil–but across the ocean to China, instead. Meanwhile, the United States will continue importing crude oil from the Middle East. In other words, the environmental lobby might have stanched the flow of oil from Canada, but it’s being diverted onto the seas, and fossil fuel consumption will necessarily continue.

The environmental left’s “victory” is ultimately another loss for the American people — especially the 13.1 million unemployed workers. It’s a loss for small businesses, such as restaurants and hotels, in the towns along the proposed route. It’s a loss for state budgets that would have seen billions in tax revenue as a result. And it’s also a loss for those who are struggling with high energy costs.

Gas prices are at a record high for January and are 28.5 cents per gallon higher than a year ago. And that’s expected to go even higher–some analysts predict that the national average for a gallon of regular unleaded could hit $4 to $4.25 per gallon by the spring.

Such an appropriate picture - Barack Obama in Fantasyland!

And there is this...

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