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News

In Canada, a revolt against global warming socialism creates an economic boom

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Before we look at Canada, let’s first look at how Barack Obama has decided to appease his green socialism supporters by rejecting the Keystone XL pipeline.

Excerpt:

The Obama administration rejected the long-delayed TransCanada oil sands crude project, a decision welcomed by environmental groups but blasted by the domestic energy industry.

After delaying the project past the November 2012 election, President Barack Obama was compelled by Congress to decide by Feb. 21 on whether to approve the pipeline that would sharply boost the flow of oil from Canada’s oil sands.

[…]Republicans, in turn, blasted Obama for breaking his promise to create jobs by scuttling the $7 billion pipeline.

House Speaker John Boehner, R.-Ohio, said Republicans will keep fighting for the Keystone pipeline because it is “good for the U.S. economy because it would create thousands of jobs.”

“All options are on the table” for fighting for the sands pipeline between the western province of Alberta and Houston, Boehner told reporters. “This is not the end of the fight.”

Republicans in the Senate have said they could legislate an approval of the pipeline that could get around any rejection by President Obama.

Just to be clear, this pipeline would be paid for with billions of dollars from a Canadian company based in Calgary, Alberta – the Houston of the North. They would pay for the pipeline, they would create the jobs here, and it would cost us nothing to take their money. This would not only cut gas prices for consumers, but it would help us to stop sending money abroad to countries that don’t like us very much.

How are the Canadians responding to Obama’s stupidity? They are already talking about building the pipeline to the west coast and selling their oil to China.

Canadian conservatives have no time for global warming nonsense.

Excerpt:

It is a cliché in journalism to declare metaphorical wars at the drop of a news release. In this case, it looks like war is exactly what Natural Resources Minister Joe Oliver launched Monday in an unprecedented open letter warning that Canada will not allow “environmental and other radical groups” to “hijack our regulatory system to achieve their radical ideological agenda.”

[…]Mr. Oliver took straight aim at a troubling trend in Canadian environmentalism — the foreign funding of Canadian green activist groups with the express purpose of shutting down Canadian resource development…  “These groups,” said Mr. Oliver, “seek to exploit any loophole they can find, stacking public hearings with bodies to ensure that delays kill good projects. They use funding from foreign special interests to undermine Canada’s national economic interest. They attract jet-setting celebrities with some of the largest personal carbon footprints in the world to lecture Canadians not to develop our natural resources.”

And they pulled out of the Kyoto Accord.

Excerpt:

Canada will formally withdraw from the Kyoto Protocol on climate change, the Minister of the Environment has said.

Peter Kent said the protocol “does not represent a way forward for Canada” and the country would face crippling fines for failing to meet its targets.

[…]The protocol, initially adopted in Kyoto, Japan, in 1997, is aimed at fighting global warming.

[…]He said meeting Canada’s obligations under Kyoto would cost $13.6bn (10.3bn euros; £8.7bn): “That’s $1,600 from every Canadian family – that’s the Kyoto cost to Canadians, that was the legacy of an incompetent Liberal government”.

They want jobs. They don’t have money to burn on a dozen Solyndras. They don’t pass job-killing regulations on energy companies.

Since 2006, the Canadians have been electing and re-electing Conservative prime minister Stephen Harper. The man has a BA and MA in economics, and he comes from the same fold as Reagan and Thatcher on fiscal conservativism and foreign policy. He has no patience for leftist community organizers like Obama. The Conservatives were re-elected again in 2011, this time with a majority government. Their House of Commons is majority conservative. Their Senate is majority conservative. And Harper has been packing the Supreme Court with fresh conservatives, every time there’s a vacancy. Canada’s economy is booming. And Canadians know how to keep it booming – they are cutting corporate taxes to 15% – less than half of our 35% corporate tax rate. We could be taking their money for the Keystone XL pipeline right now, but we’re not, because we elected an anti-business ideologue instead of an economist.

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News

Why are gas prices so high? 11 more Solyndras in Obama’s energy program

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Hans Bader reviews Obama’s energy plan.

Excerpt: (links removed)

A liberal Congress must share the blame for this fiasco, since the massive $800 billion stimulus package it passed in 2009 funded these boondoggles. As a Solyndra stakeholder exulted, “there’s never been more money shoved out the government’s door in world history.”  But as the Washington Post noted, energy programs were “infused with politics at every level” under Obama.  His Administration hastily approved subsidies for Solyndra, whose executives are now pleading the 5th Amendment, despite obvious danger signs and warnings about the company’s likely collapse. (Later, federal officials successfully pressured Solyndra to delay its announcement about upcoming layoffs until just after the 2010 election, to avoid embarrassing the Obama Administration).

The Obama Administration also used green-jobs money from the stimulus package to outsource American jobs to countries like China: “Despite all the talk of green jobs, the overwhelming majority of stimulus money spent on wind power has gone to foreign companies, according to a new report by the Investigative Reporting Workshop at the American University’s School of Communication in Washington, D.C.”   As the Investigative Reporting Workshop noted, “79 percent” of all green-jobs funding “went to companies based overseas . . .In fact, the largest grant made under the program so far, a $178 million payment on Dec. 29, went to Babcock & Brown, a bankrupt Australian company.” (The stimulus package also funnelled money to left-wing community organizers and liberal lobbying groups.)

What does it mean to you when Obama takes money from consumers and business owners in order to spend, spend, spennd on his campaign fundraisers and other beneficiaries of “green energy”?

Click here to see a graph of gas prices from January 2009.

 

News

How good a job is Obama doing running car companies?

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Investors Business Daily explains.

Excerpt:

President Obama’s electric car vision is off to a hot start. First the heavily subsidized Chevy Volt started catching fire. Then government-backed Fisker Automotive had to recall all its cars due to a fire hazard.

Late last month, Fisker, the electric car startup that is busy spending its $529 million in Department of Energy loans, announced a recall of its entire fleet of luxury Karmas because of a faulty battery that posed a fire risk.

The battery maker at fault — A123 Systems — is another Obama grantee, having gotten $380 million in taxpayer support to make advanced car batteries.

Fisker says it’s already fixed the problem, but this is just the latest in a series of troubles plaguing the new car company.

Although it once promised to be profitably churning out 1,200 cars a month by now, Fisker has so far sold only about 240 — at a price almost 14% higher than promised. And the more moderately priced electric sedan it says it will build in an abandoned Delaware plant is still nowhere to be seen.

Bad as this is, Fisker’s troubles are just a taste of the expensive and dangerous mess in store for car buyers should Obama succeed in forcing the industry to bend to his green dreams.

In May, a Chevy Volt caught fire three weeks after a government crash test of the car. In follow-up tests in November, a second Volt caught fire after a test crash, and a third began to smoke and emit sparks.

[…]Volt sales came in about 30% below GM’s forecast for 2011 — in a year when overall retail car sales beat industry analyst forecasts by almost 12% — earning the Volt third place on 24/7 Wall Street’s list of worst product flops of 2011.

And that’s despite the substantial tax break to Volt buyers and the hundreds of millions in grant money to its suppliers.

Obama is spending a lot of taxpayer money on his Solyndra-style boondoggles. Taking money away from employers and families and just throwing it in the trash. We are now officially over 100% debt-to-GDP. We are entering a Greece-style debt situation and this dingbat is throwing our money away on Peter Pan energy policies.