12 Jul Obama is Also Using Global Warming to Destroy Jobs
President Obama has been very successful in destroying millions of jobs with his “stimulus” bill. Eight million jobs are gone, four million since the onset of Obama’s “stimulus” bill. Last week Joe Biden assured us that these jobs are not coming back.
Obama’s stimulus bill has been nothing more than his personal slush fund for reelection. With only 42% of the appropriated funds spent, Obama is keeping the majority of the money in reserve to buy votes and pay for union support in 2011 and 2012.
Promised massive tax increases in 2011 are keeping entrepreneurs and investors cautious and moving very slowly and carefully. Even the threat of tax increases curtails economic involvement and destroys jobs.
The EPA and other government bureaucratic regulators destroy jobs. The lack of action by Barack Obama, and the perpetual red tape and obstructions from the various regulatory organizations, has kept the economy from recovering. In banning deepwater oil exploration, Obama will successfully destroy more than 100,000 jobs.
Since the construction of new electric generating facilities and new refineries are not allowed, no one is hired to construct them. With no new electrical production, energy costs remain high, which stifles economic growth and new jobs.
The Global Warming Hoax is also a great economic depressor. Higher gasoline and electrical energy costs will greatly slow business growth and greatly increase energy costs for every family and business in America.
Obama hit a real home run in June when he managed to cancel a $600 million dollar equipment-building contract for Bucyrus of Wisconsin. Bucyrus makes mining equipment. An Indian coal mining company wanted to buy the equipment from Bucyrus rather than a Chinese or other company. Obama stopped the deal because it was for a coal mine, and Obama does not like coal. Obama is both pandering to the Far Left Environmentalists for votes and other support while killing jobs to support his Marxist agenda.
Due to public pressure and some adult supervision, the Obama Administration apparently backpedaled and the U.S. Export-Import Bank reconsidered the loan guarantees. We should remain concerned that the thousand Bucyrus jobs could still be lost.
Socialism makes everything more difficult and illogical.