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USEC Inc. Message Board

  • lewis_whokeyser lewis_whokeyser Jun 26, 2013 12:39 PM Flag

    OT: WSJ Comments on President's Climate Speech

    "[I]n truth Mr. Obama's target is all forms of carbon energy. Natural gas is next. The higher costs will ripple through the energy chain, which is precisely Mr. Obama's goal. Only by artificially raising the cost of carbon energy can he make even heavily subsidized 'renewables' competitive. In general every $1 billion spent complying with an EPA rule threatens 16,000 jobs and cuts GDP by $1.2 billion -- and the agency is now writing scores of multibillion-dollar rules. Keep in mind that last month the Administration quietly raised the 'social cost' of carbon by 60% in a regulatory filing related to microwave ovens. That means the EPA can jack up costs by 59.99% and still justify them by claiming the higher benefits. ... The Americans who will be harmed will have to console themselves with 99 weeks of jobless benefits, food stamps and ObamaCare."
    --The Wall Street Journal

    It seems to me that the best course when President Obama leaves office is to simply have Congress declare a "do over" and void all regulatory actions taken in the preceeding eight years. Then maybe we can get the economic recovery the President has been promising since he was first elected.

 
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