Tag Archives: Stimulus

Obama pleases environmental lobby by killing 20,000-job Keystone XL pipeline

Obama Economic Record November 2011
Obama Economic Record November 2011

From the Daily Caller.

Excerpt:

Roughly 20,000 oil industry construction jobs are being thrown under Obama’s 2012 campaign bus, largely because the president needs to pump up his sagging support among the environmentalists.

The pitch came Thursday when President Barack Obama put his leadership behind a State Department plan to study alternative routes for the pipeline, which is intended to bring oil from Alberta in Canada to oil refineries along the Gulf Coast.

“We should take the time to ensure that all questions are properly addressed and all the potential impacts are properly understood,” said Obama’s afternoon statement.

The construction jobs, and the revenue from operating the Keystone XL pipeline, may now go to Canadian workers.

That’s because Canadian government officials are already planning to help build a competing pipeline from Alberta’s oil fields to new West Coast ports near Vancouver. The likely destination point is the port of Kitimat in British Columbia.

The U.S. Department of State will begun studying an alternative route for the Keystone pipeline, even though an earlier department study had concluded the proposed route is the best of several alternatives. The new study will delay any final approval until after the 2012 election, allowing Obama to boost his support among environmentalist groups, activists and voters.

But the delay may kill the U.S. segment of any pipeline, because the decision increases the environmentalist movement’s clout during any future round of approval disputes, and also spurs the development of a pipeline through Canada.

The job-killing decision was panned by GOP legislators and business groups.

“More than 20,000 new American jobs have just been sacrificed in the name of political expediency,” said a statement from Ohio Rep. John Boehner, the Speaker of the House of Representatives.

“This is clearly a political decision and everyone knows it… Politics has trumped jobs in this decision and we can only wonder if the Administration’s delay will cause Canada to turn their pipeline west and ship their energy and American jobs elsewhere,” said  statement from the U.S. Chamber of Commerce.

But the decision helps the Democratic-allied green-energy industry, which is now reliant on government subsidies to compete against the oil energy industry.

The oil that would be pumped through the Keystone XL pipeline would make gas cheaper for drivers, and worsen the competitiveness of the green-tech companies.

The stock value of green-energy companies, and their supply of commercial investment, has already dropped in the last several months because investment analysts believe an Obama loss in 2012 will prompt GOP legislators to cut federal subsidies.

Before his 2008 election, Obama predicted he would raise oil-energy prices to spur the green-energy industry.

The Wall Street Journal explains more.

Excerpt:

In April 2010 and again this August, State produced multivolume environmental impact statements that concluded the pipeline would have “no significant impacts” on the environment. That should have ended the matter.

But the President’s environmentalist friends have decided to make Keystone a test of his green virtue. “We’ll see if [Mr. Obama] is an oil guy or a people guy,” eco-agitator Bill McKibben recently warned at an Occupy Wall Street event, and the Sierra Club has threatened that it won’t “mobilize the environmental base” in 2012 if he approves the project. Various Hollywood worthies have marched in front of the White House in protest.

[…]We’re guessing this decision to abdicate was really made by President Plouffe, as in David Plouffe, the White House political aide who seems to be running most of the executive branch these days. The Keystone cop-out couldn’t be a clearer expression that this Administration puts its anticarbon obsessions—and Big Green campaign donors—above job creation and blue-collar construction workers. He’s President of the 1%.

This reminds me of the way that Obama hurt the economy by delaying three free trade deals for three years, in order to appease his union supporters.

When Obama tries to create jobs, he ends up doing thinks like giving $535 million taxpayer dollars to Solyndra – to repay his Democrat fundraisers. And then they go bankrupt, because green energy is a hoax. The right way to create jobs is by letting businesses keep the money they earn, and keeping government out of their operations. Unfortunately, Obama doesn’t like it when people earn money by selling services and products, and he thinks that government needs to regulate businesses. So, we are stuck with high unemployment.

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E-mails reveal that Obama fundraiser discussed Solyndra loan with White House

FBI agents remove evidence from Solyndra Headquarters
FBI agents remove evidence from Solyndra Headquarters

From the leftist Washington Post.

Excerpt:

A major donor to President Barack Obama discussed with White House officials a solar energy company that received a half-billion dollar federal loan and later went bankrupt, newly released emails show.

The emails released by a House committee appear to contradict repeated assurances by the Obama administration that the donor, George Kaiser, never talked about Solyndra Inc. with the White House.

Solyndra’s name came up at a White House meeting with Kaiser last year at a time when the California company was seeking a second federal loan, after it had already received a $528 million loan in 2009, the emails show.

The second loan was not approved. Instead, an investment venture controlled by Kaiser made a private loan that resulted in the firm and other investors moving ahead of taxpayers in line for repayment in case of a default by Solyndra.

Solyndra, the first renewable energy company to receive a federal loan under the 2009 stimulus law, declared bankruptcy in September and laid off its 1,100 workers, leaving taxpayers on the hook for more than a half-billion dollars.

The company’s implosion and revelations that administration officials rushed to complete the loan in time for a September 2009 groundbreaking have become an embarrassment for Obama and a rallying cry for GOP critics of his green energy program.

Kaiser, an Oklahoma billionaire, was a “bundler” for Obama’s 2008 campaign, raising between $50,000 and $100,000 for the president, records show. He also was a frequent White House visitor in 2009 and 2010. White House officials for months have denied that Kaiser talked about Solyndra during those visits. One the nation’s richest men, Kaiser owns an oil company and other energy interests and is chief donor to the George Kaiser Family Foundation, which invests in early childhood education and community health.

In one email released Wednesday by the House Energy and Commerce Committee, Kaiser said that when he and a foundation official visited the White House last year, officials showed “thorough knowledge of the Solyndra story, suggesting it was one their prime poster children” for renewable energy.

In another email, a Kaiser associate appears confident that Energy Secretary Steven Chu would approve a second loan for Solyndra.

“It appears things are headed in the right direction and Chu is apparently staying involved in Solyndra’s application and continues to talk up the company as a success story,” Steve Mitchell, managing director of Kaiser’s venture-capital firm, Argonaut Private Equity, wrote in a March 5, 2010, e-mail. Mitchell also served on Solyndra’s board of directors.

It’s very important for voters to understand what the Obama administration means when it talks about “jobs bills”, “shovel-ready projects”, “infrastructure development” and “economic stimulus”. What they mean by those words is giving taxpayer money to their campaign fundraisers. And that’s why the unemployment rate has been over 9% for the last three years, and we are running 1.3 trillion dollar deficits.

Do you know what Republicans would do if they were in office? They would let you keep more of the money you earn, and to hell with corruption. That’s what a tax cut is – more money for you, and less money for politicians. Think about it. The smaller the government, the less opportunity there is for this sort of greed and corruption.

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Irony: the young men who voted for Obama now suffer from record unemployment

This article from the Wall Street Journal explain why men are in decline. (H/T Mary, Tom)

Excerpt:

Few groups were hit harder by the recession than young men… The unemployment rate for males between 25 and 34 years old with high-school diplomas is 14.4%—up from 6.1% before the downturn four years ago and far above today’s 9% national rate. The picture is even more bleak for slightly younger men: 22.4% for high-school graduates 20 to 24 years old. That’s up from 10.4% four years ago.

[…]The share of men age 25-34 living with their parents jumped to 18.6% this year, up from 14.2% four years ago and the highest level since at least 1960, according to the Census Bureau.

Suzanne Venker comments on the consequences of this data for women for National Review.

Full text:

New data from the U.S. Census Bureau shows the percentage of men between the ages of 25 and 34 living at home rose from 14 percent in 2005 to 19 percent in 2011. Women, on the other hand, are doing just fine. Not only do they dominate today’s college campuses, they have little trouble staying away from mom and dad’s place. That’s because women are flourishing in the workforce while men are not. Writers and pundits blame this phenomenon on the economy, but the trend reflects a much larger sociological problem. America is in the midst of a sea change: Never before has it been more difficult for men and women to find their way to one another, settle in for the long haul, and build strong families together.

To read about it, you’d think the entire mess is out of our hands. You’d think the circumstances involving the roles of men and women in society have happened to us, rather than the other way around. The truth is that we created this new world — and while we may not be able to undo it, we can certainly stop the freight train from running off the tracks.

Hardly a day goes by that we aren’t made aware of this heartbreaking reality. It is so acute we now have not one but six new television series dedicated to men’s social demotion. In these programs, husbands are made to look like fools — while the wives wield a power so ugly it’s no wonder marriage has become so elusive. The modern generation has been sold a bill of goods about human nature, and the result is that men now have no idea how to be men. Why? Because women won’t let them.

There is a large and powerful group of women who see this shift in gender roles as a good thing. Hanna Rosin’s provocative piece in The Atlantic, called “The End of Men,” and Kate Bolick’s new piece “All the Single Ladies” (which may now become a TV series) make light of the demise of masculinity and the role men once played in society. They represent the kind of movers and shakers who help lead the feminist fight. Pointing to the latest statistics about men, they’d be likely to respond, “See how hopeless men are? Everything we’ve been saying about men all these years has proven to be true.”

But the laugh will be on them — if not for their own families, then for their children’s. The feminist policies that were put in place to help women flourish outside the home have suffocated men’s opportunities for economic self-sufficiency. In short, men’s desire to be good workers and family providers has been undermined. This is more than unfortunate; it is a loss of catastrophic proportions, for it is men’s consistent, full-time, year-round work that women depend on in order to live that ever-coveted “balanced life.” What too many women don’t understand (because they’ve been unduly influenced by feminist groupthink) is that male nature is ultimately beneficial to them, for women continue to put family — not career — at the center of their lives and are thus dependent on men to pick up the slack at the office.

It is a dangerous thing to create a society of frustrated young men. Feminists have no idea what a can of worms they’ve created — and what it’s about to do to our nation.

I think if we want men to marry, not only do we have to ask why the recession is affecting men disproportionately, but why the education system isn’t working for boys. We need to ask whether men learn better from female teachers or male teachers. We need to ask whether boys learn better in all-boys schools or in co-ed schools. We need to ask whether the promotion of sex education and contraception, which produces freely available sex, is the best way to encourage young men to prove themselves to women by trying hard to fit the traditional roles of protector, provider and moral/spiritual leader. We need to ask whether the denial of male-female differences encourages men to take on traditional male roles, and whether women are encouraged to prefer men who take on those roles. We need to ask whether our energy and economic policies favor job creation in areas dominated by men. We need to ask whether stimulus programs should be slanted towards industries dominated by women.  We need to ask whether affirmative action for women in education and at work helps men to be able to provide for a family. We need to ask whether men are well-served by no-fault divorce laws and biased domestic violence laws that promote false charges – especially during custody hearings. And lastly, we need to ask whether church serves men when it accepts or rejects postmodernism, anti-intellectualism and moral relativism.

But can’t we just tell men to “Man Up”?

The answer to the discincentives facing marriage-minded men is not a lazy, ignorant pronouncement for men to “Man Up”. That doesn’t solve any of the problems that cause men not to marry.

I think the desire of certain people to remove every incentive and capacity for men to perform as husbands and fathers – and then to nevertheless demand they marry and take on the traditional roles of men anyway without incentives or capacities  is the height of narcissism. Men are people too – we are not inanimate objects. We are not sperm donors and wallets. And if society decides to go in a direction where the traditional roles of men are replaced with  government social programs funded by high taxes and deficit spending, then marriage will die in this society.