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« Next verse same as the first? | Main | Shanah tova tikatevu v'techatemu »

Wednesday, 28 September 2011


Rick Richman
Mario Loyola at NRO today in "Let Them Eat Windmills": “The administration’s effort to constrict domestic oil production has been across-the-board. Obama has cancelled leases and made new ones more expensive; slowed permit approvals for exploration plans down by 85 percent; proposed to impose new taxes and take away deductions; and now sicced the EPA on the industry with a number of inordinately expensive new rules. More than 80 percent of the nation’s recoverable oil reserves are off limits. The U.S. Chamber of Commerce estimates that some 351 energy projects that are stalled for one regulatory reason or another would, if resumed, create 2 million jobs and add $1.1 trillion to GDP.” Call it "stimulus" and maybe Obama would reconsider. http://tinyurl.com/6euzfos
Rick Richman
Someone should run a comparison of (1) the number of jobs that were temporarily "saved or created" by shoveling money to the states under the Obama "stimulus" to keep public employees on the payroll, and (2) the number of jobs that have been "lost or prevented" by the Obama energy policies.

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