Here’s the former CEO of American Express, Harvey Golub, expressing a less than complimentary opinion on the business savvy of the Obama Democrats:

Meanwhile, [President Obama] he’s ignored entitlement reform, retarded the development of our energy resources, and added new layers to our regulatory burden. He’s also increased the uncertainty inherent in an already dysfunctional and perverse tax code, added trillions to our national debt, spent taxpayer money ineffectively and inefficiently, tried to micromanage the economy, and acted as an incompetent venture capitalist by investing in “green jobs” and high-speed rail. This administration routinely grants and withholds favors by substituting its judgment of what is valuable and good for that of the people. What stimulus spending can do to create jobs is entirely temporary, whether in the public or private sector, and is rooted only in a political calculus.

Well said, sir.

It takes a lot of hubris to believe in the concept of central planning. The idea that a bunch of government “experts” could plan strategies and execute decisions in the free market better than the collective choices of 300 million American consumers — plus millions more globally — takes, to quote Hillary Clinton, a willing suspension of disbelief.

And yet here we are with a trifecta of failures in which the government thought it could determine winning companies.

Let’s start with General Electric, which of course began its crony capitalism relationship with government long before the Obama Democrats too power, but nonetheless continues to receive mountains of taxpayer subsidies based on its “Green” technologies. These are technologies — such as their hyperexpensive light bulbs, wind turbines that provide nothing if the wind isn’t blowing, and absolutely Orwellian carbon credit trading schemes –  which no consumer seems to really want and which wouldn’t survive in an unsubsidized environment.

It is particularly galling, given that the former GE CEO is now Obama’s job czar, and that GE is one of those favored government companies that enjoys paying $0 in taxes — this even as Obama, from the other side of his mouth, attacks “millionaires and billionaires” attempting to do the same. The reason? Because it provides American consumers with things they don’t want and produced with their tax dollars.

But as said, subsidies are as old as the apostles. The next two examples are far more sinister.

First, Soylendra: Despite repeated warnings from private auditors like PricewaterhouseCoopers LLP that the Soylendra solar-panel manufacturing company was a a lousy investment, the Obama administration nonetheless assisted it in receiving $535 million in federal loan guarantees. All that taxpayer money is now gone, Soylendra having declared bankruptcy in early September, and raided by the FBI a few days later.

ABCNews reported that “the White House closely monitored the Energy Department’s deliberations over a $535 million government loan to Solyndra,” and ultimately backed the loan despite warnings from White House employees. Worse, the Obama administration promised that should the company fail they would work to recoup losses of private investors — but we taxpayers are screwed. This is something that should be investigated, says former prosecutor Andrew McCarthy:

As Andrew Stiles reported here at NRO, Republicans on the Oversight and Investigations subcommittee say this arrangement ran afoul of the Energy Policy Act of 2005. This law — compassionate conservatism in green bunting — is a monstrosity, under which Leviathan, which can’t run a post office, uses your money to pick winners and losers in the economy’s energy sector. The idea is cockamamie, but Congress did at least write in a mandate that taxpayers who fund these “investments” must be prioritized over other stakeholders. The idea is to prevent cronies from pushing ahead of the public if things go awry — as they are wont to do when pols fancy themselves venture capitalists.

As if that weren’t bad enough, a key Obama supporter named George Kaiser was also involved in Soylendra, and “contributed $10,000 to the Urban Health Initiative, a notorious program created by now-First Lady Michelle Obama while she was at the University of Chicago Medical Center.” Oh, yeah, nothing to see here.

Rubbing Obama’s nose in this steaming, smelly mess, Forbes Magazine terms it a “teachable moment.” Says Forbes:

The fact that federal loan guarantees were even necessary for Solyndra tells us that few, if any, lenders thought that giving the firm money was a very good idea.  Given the fact that lenders who bet “right” on companies with strong prospects but insufficient capital are lenders who will make money, we can rest assured that hundreds if not thousands of bank loan officers took a long, hard look at Solyandra and said … no thanks.  Are we to believe that President Obama knows more than all of these profit-hungry capitalists about Solyndra’s real prospects in global solar energy markets?  That President Obama has even stronger incentives than private investors to ensure that money parked in this company or that is money well spent? To ask these questions is to answer them.

Next, Michelle Malkin has been all over a similar Obama embarrassment called LightSquared — a company that is crafting an open wireless broadband network that, regrettably to our national security, overpowers our commercial and military satellite-based Global Positioning System (GPS) devices.

Where this becomes scandalous is because the White House attempted (but failed) to curb the damning testimony of U.S. Air Force Space Command four-star general William Shelton and National Coordination Office for Space-Based Positioning, Navigation and Timing director Anthony Russo.

General Shelton had noted earlier this year: “Within three to five miles on the ground and within 12 miles in the air, GPS is jammed by [LightSquared’s] towers. . . . If we allow that system to be fielded and it does indeed jam GPS, think about the impact. We’re hopeful we can find a solution, but physics being physics, we don’t see a solution right now.”

Despite industry-wide protests, the firm somehow received fast-track approval for a special FCC waiver that grants LightSquared the right to use wireless spectrum to build out a national 4G wireless network on the cheap. Ken Boehm, of the conservative watchdog National Legal and Policy Center in Washington, D.C., summed up the deal earlier this year: “LightSquared will get the spectrum for a song, while its competitors (e.g., AT&T and Verizon) have to spend billions.”

… LightSquared used to be known as “Skyterra.” In 2005, Obama put $50,000 into the speculative firm — raising eyebrows even among his water-carriers at the New York Times. The paper noted that Skyterra’s principal backers at the time of the investment included four Obama “friends and donors who had raised more than $150,000 for his political committees.”

One of those pals who urged him to buy stock in Skyterra was George Haywood, a major Skyterra investor and campaign donor who chipped in nearly $50,000 to Obama’s campaigns and to his political action committee, as did his wife.

Coincidentally, Obama bought his Skyterra stock the very same day the FCC “ruled in favor of the company’s effort to create a nationwide wireless network by combining satellites and land-based communications systems.” The Times reported that immediately after that morning ruling, “Tejas Securities, a regional brokerage in Texas that handled investment banking for Skyterra, issued a research report speculating that Skyterra stock could triple in value.”

Coincidentally, Tejas and its chairman, John J. Gorman, were also major backers of Obama — flying him in a private plane for political rallies and pitching in more than $150,000 for his campaign coffers since 2004. Obama sold his stock at a loss in November 2005, but his political relationship with the company was cemented. In 2009, billionaire hedge-fund manager Philip Falcone — whose firm Harbinger Capital Partners is reportedly under investigation by the Securities and Exchange Commission for market-manipulation abuses — acquired Skyterra.

Coincidentally, Falcone, his wife, and LightSquared CEO Sanjiv Ahuja have contributed nearly $100,000 between them to the Democratic party during critical White House meeting periods and negotiations over LightSquared’s regulatory fate.

Oh, and coincidentally, there’s $6 billion earmarked for a “public safety broadband corporation” buried in the Obama jobs proposal just as LightSquared pushes into that market, too.

It’s all just one strange quirk of timing, Team Obama shrugs. Except, as we all should know by now: There are no coincidences in Chicago-on-the-Potomac. Just an endless avalanche of quids, quos, and taxpayer woes.

I think it goes without saying that were Obama’s last name Bush or Cheney the term “LightSquared” could be well known in American households.

Yesterday I wrote a post on the number of ways President Obama’s proposed “Buffet tax” — which is based on the faulty and context-lacking premise that Warren Buffet’s secretary suffers a higher tax bracket than Mr. Buffet — was nothing more than a bait-and-switch gambit designed to invoke class warfare at a time when his approval rating is at an all-time low.

Well, as more time passes we find evidence that some of his typical defenders, fellow Democrats and mainstream media outlets, are also calling him out on the ridiculous notion. Ridiculous because while one can contend there may be extreme examples where this scenario occurs, it is hardly evidence upon which to base a tax code change.

[WSJ] Even New York’s Chuck Schumer, of all unlikely partisans, has objections—notably to Mr. Obama’s plan to allow the Bush tax cuts to expire on taxpayers earning more than $200,000 (or $250,000 for married couples): “$250,000 makes you really rich in Mississippi, but it doesn’t make you rich at all in New York, and there ought to be some kind of scale based on the cost of living on how much you pay.”

Mr. Schumer didn’t mention that one reason for the cost-of-living differential is the Empire State’s own sky-high taxes, but the important political point is that the Democratic Party’s chief Wall Street fund-raiser is tacitly acknowledging that raising taxes on the not-so-rich isn’t popular.

Other Senate Democrats don’t like the President’s basic priorities. “Tax increases have to come second to cutting [spending],” said Ben Nelson of Nebraska, perhaps the most vulnerable Democrat up for re-election next year. “I was just home over the weekend and that’s what [my constituents] were all talking about.”

… Not all of the objecting Democrats are concerned about their own re-election. Virginia’s Jim Webb, who is retiring, called the President’s tax proposals “terrible,” adding: “We shouldn’t increase taxes on ordinary income. . . . There are other ways to get there.”

It gets worse for Mr. Obama, as the Associated Press details in their video above. After all, President Obama has with rare exception always been able to count on it and other mainstream media outlets to defend his positions, deflect criticism and counter arguments with tried and true non-sequiturs.

The 10% of households with the highest incomes pay more than half of all federal taxes. They pay more than 70% of federal income taxes, according to the Congressional Budget Office.

There may be individual millionaires who pay taxes at rates lower than middle-income workers. In 2009, 1,470 households filed tax returns with incomes above $1 million yet paid no federal income tax, according to the Internal Revenue Service. But that’s less than 1% of the nearly 237,000 returns with incomes above $1 million.

This year, households making more than $1 million will pay an average 29.1% of their income in federal taxes, including income taxes, payroll taxes and other taxes, according to the Tax Policy Center, a Washington think tank. Households making between $50,000 and $75,000 will pay an average of 15% of their income in federal taxes. Lower-income households will pay less. For example, households making between $40,000 and $50,000 will pay an average of 12.5% of their income in federal taxes. Households making between $20,000 and $30,000 will pay 5.7%.

So, because there are 1,400 filers who earn income solely from means other than income-taxed salary, the Obama Democrats think we should craft a whole new tax bracket for people “making more than $1 million”? That’s asinine. The Alternative Minimum Tax (AMT) was supposed to do just that, but in 40 years has expanded thanks to inflation to affecting at least 4 million people earning far less than $1 million annually.

And going back to prove the point that this is indeed class warfare, it needs to be reiterated that the amount of money the Treasury stands to gain from such a “millionaire tax” is miniscule, in part because the number of millionaires is drastically shrinking. The more Obama’s economic policy saps the country, the less wealthy there are to tax!

[WSJ] In 2007, 390,000 tax filers reported adjusted gross income of $1 million or more and paid $309 billion in taxes. In 2009, there were only 237,000 such filers, a decline of 39%. Almost four of 10 millionaires vanished in two years, and the total taxes they paid in 2009 declined to $178 billion, a drop of 42%.

As I’ve argued many a time on this webpage, liberal Democrats love to demonize the rich, citing examples of Warren Buffet or George Soros, but while their words paint a picture of the elite wealthy, in reality their tax code aims far, far lower — at the Middle Class.

Consider when Democrats use the term’s top X percent:

Of the top 1 percent of income earners, only 23 percent are millionaires. A household income above $380,000 puts you in the top 1 percent of income earners. Of the top 10 percent of income earners, only 2 percent are millionaires.

A household income above $114,000 puts you in the top 10 percent of income earners. That means that a cop making $60K married to a teacher making $60K make it into the top 10 percent.

That’s most of us, not Misters Buffet or Soros.

Obama’s rhetorical floundering is the sound of a bewildered politician trying to be heard over the long, withdrawing roar of ebbing faith in a failing model of governance. From Greece to California, with manifestations in Italy, Spain, Portugal, Ireland, Illinois and elsewhere, this model is collapsing. Entangled economic and demographic forces are refuting the practice of ever-bigger government financed by an ever-smaller tax base and by imposing huge costs on voiceless future generations.

Richard Miniter, a Forbes columnist, is right: “Obama is not the new FDR, but the new Gorbachev.” Beneath the tattered, fading banner of reactionary liberalism, Obama struggles to sustain a doomed system. Democrats’ dependency agenda — swelling the ranks of government employees, multiplying government-subsidized industries, enveloping ever-more individuals in the entitlement culture — is buckling under an intractable contradiction: It is incompatible with economic growth sufficient to create enough wealth to feed the multiplying tax eaters.

– George Will.

Here’s the Washington Examiner:

An entire commentary of sarcasm by George Will:

Unwilling to delay until tomorrow mistakes that could be made immediately, Democrats used 2010 to begin losing 2012. Trying to preemptively drain the election of its dangerous (to Democrats) meaning, all autumn Democrats described the electorate as suffering a brain cramp, an apoplexy of fear, rage, paranoia, cupidity – something. Any explanation would suffice as long as it cast what voters were about to say as perhaps contemptible and certainly too trivial to be taken seriously by the serious.

It is amazing the ingenuity Democrats invest in concocting explanations of voter behavior that erase what voters always care about, and this year more than ever – ideas. This election was a nationwide recoil against Barack Obama’s idea of unlimited government.

The more he denounced Republicans as the party of “no,” the better Republicans did. His denunciations enabled people to support Republicans without embracing them as anything other than impediments to him.

He had defined himself as a world-class whiner even before Rahm Emanuel, a world-class flatterer, declared that Obama had dealt masterfully with “the toughest times any president has ever faced” – quite a claim, considering that before the first president from Illinois was even inaugurated, seven of the then-34 states had seceded. Today’s president from Illinois, a chronic campaigner and incontinent complainer who is uninhibited by considerations of presidential dignity, has blamed his difficulties on:

George W. Bush, Rush Limbaugh, Fox News, the Supreme Court, a Cincinnati congressman (John Boehner), Karl Rove, Americans for Prosperity and other “groups with harmless-sounding names” (Hillary Clinton’s “vast right-wing conspiracy” redux), “shadowy third-party groups” (they are as shadowy as steam calliopes), the U.S. Chamber of Commerce and, finally, the American people. They have deeply disappointed him by being impervious to “facts and science and argument.”

How’s that enlightened progressive superiority thingy working out for you, Mr. President?

Never forget.

The “falling man” photograph is to me one of the most horrifying reminders of that dark day. What hell they must have endured that throwing themselves from 100 stories was the least agonizing option.

A word about all the proposed “Koran burnings.” It’s idiotic, and in this case does accomplish drawing moderate and sensible persons into a war of extremities. Having said that, as we approach the 10th anniversary of 9-11 just 365 days away, it’s also a lesson in the folly of appeasement. For 9 years and two administrations our government and most of our media have gone out of their way to avoid addressing what 9-11 really was. Is it any wonder that all of that political correctness and appeasement has empowered our own elements of extremism? — Ironically, the very thing the kumbayah “Coexist” bumper-sticker movement has championed has made it more likely that a preacher in middle American can feel justified in burning a stack of Korans. Taking a line from the “root cause” playbook, perhaps had our government and media not always taken the side of political correctness, and outlandish double standards, and been a little tougher in some responses to terrorism, such frustration would not be ingrained in the populace.

No matter, as former Sen. Fred Thompson pointed out, when the 9-11 mosque was announced these appeasement fools — including but predictably our president — focused on the legality instead of the sensibility of such an act. Conversely, they do not back a Gainesville preacher’s legal right to burn Korans, rather the sensibility.

That’s the double standard that empowered this act to begin with.

[NY Times] WASHINGTON — President Obama delivered a strong defense on Friday night of a proposed Muslim community center and mosque near ground zero in Manhattan, using a White House dinner celebrating Ramadan to proclaim that “as a citizen, and as president, I believe that Muslims have the same right to practice their religion as anyone else in this country.”

As usual, the great “uniter” in chief, misses the point. One cannot throw a stone in downtown New York City without it hitting a church, temple or mosque, and thus nobody is arguing that Muslims have no right to practice their religion. But conversely, as recently pointed out by Charles Krauthammer, nobody is proposing we build a theme park at Gettysburg, a German cultural center at Normandy or Auschwitz, or a Japanese embassy at Pearl Harbor. Or for that matter, since there’s this whole supposed separation of church and state — but only when it’s convenient — why not build a shrine to atheism at Ground Zero?

(And as the State Department recently sent the Imam Feisal Abdul Rauf abroad as part of a taxpayer-funded government outreach program, I’m sure Obama supporters everywhere would have no problem whatsoever if the State Department sent some fire and brimstone Baptists abroad too, right? Once again, the sheer hypocrisy of the “church-state separation” Leftists never ceases to amaze me.)

NYC Mayor Bloomberg’s offer to build the mosque at any other number of locations — echoed similarly by many others — has been rebuffed, and this underscores that the objective of Imam Feisal Abdul Rauf has nothing to do with outreach or building bridges. He may as well be proposing to build a fountain filled with urine that can perpetually desecrate the graves of the 3,000 Americans buried there.

So, here we are then. As long as we wrap something up in the garb of “diversity” apparently anything that defies common sense or courtesy is fair game.

I wonder if the president would support the offer to — “in an effort to break down barriers and reduce deadly homophobia in the Islamic world” — build a gay Islamic bar right next to the proposed Ground Zero mosque.

The world is laughing at the Great Uniter’s lack of unifying ability. And at the rest of us as well.

Instapundit’s Glenn Reynolds with some reminders:

* Obama hand picked McChrystal!
* During the 2008 election cycle the Far Left called Gen. Petraeus “General Betrayus.” But now MoveOn has, well, moved on. I guess Obama gets a pass from them on that. (Flashback of this great parody of MoveOn — General LiesandPower.)
* Hillary Clinton questioned Petraeus’ character.

Ironically, the risk that another oil leak similar to the Deepwater Horizon has increased due to the Obama administration’s moratorium on deep-well drilling. Engineer Ken Arnold explains why to the WSJ:

A big reason why those experts would have balked is because they recognize that the moratorium is indeed a threat to safety. Mr. Arnold offers at least four reasons why.

The ban requires oil companies to abandon uncompleted wells. The process of discontinuing a well, and then later re-entering it, introduces unnecessary risk. He notes BP was in the process of abandoning its well when the blowout happened.

The ban is going to push drilling rigs to take jobs in other countries. “The ones that go first will be the newest, biggest, safest rigs, because they are most in demand. The ones that go last and come back first are the ones that aren’t as modern,” says Mr. Arnold.

The indeterminate nature of this ban will encourage experienced crew members to seek other lines of work—perhaps permanently. Restarting after a ban will bring with it a “greater mix of new people who will need to be trained.” The BP event is already pointing, in part, to human error, and the risk of that will increase with a less experienced crew base. Finally, a ban will result in more oil being imported on tankers, which are “more likely” to spill oil than local production.

All this is even before raising ban’s economic consequences, which already threaten tens of thousands of jobs. This is why Louisiana politicians are now pleading with the Administration to back off a ban that is sending the Gulf’s biggest industry to its grave.

There are lies, there are damned lies, and there’s Barack Obama. His presidential address to the nation regarding the BP Deepwater Horizon oil leak was filled with some big fibs.

Starting with:

“But make no mistake:  We will fight this spill with everything we’ve got for as long as it takes. .. And we will do whatever’s necessary to help the Gulf Coast and its people recover from this tragedy.”

If the Obama administration is doing “whatever’s necessary,” then why has he not granted a waiver for the Merchant Marine Act of 1920, also known as the Jones Act, “a protectionist law that requires vessels working in US waters be built in the US and be crewed by US workers”? The federal head of the cleanup effort, National Incident Commander Admiral Thad Allen, has previously stated that there hasn’t been a need for this? Really? Tell that to the people of the Gulf coast. As Fox’s Brian Wilson explains, “But that [the foreign assistance currently used] is largely technology transferred to US vessels. Some of the best clean up ships – owned by Belgian, Dutch and the Norwegian firms are NOT being used.”

Even the typical cheerleader for liberal Democrats, Time Magazine, agreed that the refusal for help was bizarre. Also hurting Obama is that President George W. Bush waived the Jones Act during Katrina response, which perhaps explains why a recent poll of Louisianians found that Bush had higher ratings than Obama, including among 31% of Democrats polled.

It gets worse — the Dutch, for example, made a pair of offers of assistance. First to build the very sand berms along the Gulf coast like those Louisiana Gov. Bobby Jindel requested from Obama. And second, sophisticated ships designed to filter oil from water via huge vacuum arms. Both offers were initially rejected. It’s, of course too late for the berms. The oil has arrived. But now, more than 50 days after the accident, the Obama administration has accepted the Dutch equipment, which works by sucking in oily water and pumping it back into the ocean after filtering.

What was the holdup? Apparently the Environmental Protection Agency (EPA) “regulations do not allow water with oil to be pumped back into the ocean. If all the oily water was retained in the tanker, the capacity of the system would be greatly diminished because most of what is pumped into the tanker is sea water.” Greg Yardale comments, “Get it? The EPA wouldn’t let them suck lots of oil out of the ocean because they would be returning small amounts of oil into the ocean.” Wow, and these bureaucratic types want to run your health care too!

And they said Bush was incompetent? Here are some numbers as to what the Dutch could have done on day 3 of the leak: “One ton of oil is about 7.3 barrels. 5,000 tons per day is 36,500 barrels per day. 4 skimmers have a capacity of 146,000 barrels per day. That is much greater than the high end estimate of the leak. The skimmers work best in calm water, which is the usual condition this time of year in the gulf.”

That’s just the first lie. Here’s the next:

Obama: “After all, oil is a finite resource.”

It is? Can he offer some proof? The truth is not only can no scientist prove that oil is finite, but scientists aren’t even sure regarding the source of oil. Decades ago some scientists theorized it came from billions of years of dead things, thus “fossil fuels.” But that’s been largely disproved, particularly through a NASA discovery that found a moon of Saturn, Titan, made up of LPG, or liquefied petroleum gas. Gee, were there dinosaurs on Titan too? Hardly, say the discoverers. Titan, after all, averages temperatures of negative 180-degrees Centigrade.

“We have determined that Titan’s methane is not of biological origin, so it must be replenished by geologic processes on Titan,” Hasso Niemann of the Goddard Space Flight Center told the NYT in 2005. If it’s geologic on Titan, it could be geologic on Earth as well. And if it’s geologic, that means oil could be perpetually produced for as long as the Earth’s core stays molten. (And even if it did come from dead things, are we to believe we used up 4+ billion years of dead things in just a century or so?)

No, rather the Peak Oil theory is based on the same scare-tactic politicization of science, central economic planning, and artificial scarcities as the  population disaster of Thomas Malthus, or the current Climate Change fearmongering.

Back to the Fibber in Chief:

Obama: “We consume more than 20 percent of the world’s oil, but have less than 2 percent of the world’s oil reserves.  And that’s part of the reason oil companies are drilling a mile beneath the surface of the ocean — because we’re running out of places to drill on land and in shallow water. “

This might be the most brazen of his lies, because the above statements are only true due to the direct interference by government and environmental extremists. The truth is we have no idea what our proven oil reserves are because the government and environmentalists forbid our energy companies the ability to explore and drill to the extent the market demands! The only reason these companies are attempting to drill 5,000 feet deep is because the government and environmentalists deny them the ability to drill in shallower water or on land. One word: ANWR!

More Obama: “For decades, we’ve talked and talked about the need to end America’s century-long addiction to fossil fuels.  And for decades, we have failed to act with the sense of urgency that this challenge requires.  Time and again, the path forward has been blocked — not only by oil industry lobbyists, but also by a lack of political courage and candor.

Here’s where the Crony Corporate machine — the strange bedfellows of government and corporation — effectively lie to even liberals: Those who drool at the mouth to get off oil and coal in order to stick it to the petroleum companies don’t realize that those same companies are poised to make grand profits off of Cap-and-Trade and similar schemes designed to punish carbon output and push “renewable” energy.

Indeed, BP’s head, Lord Tony Hayward, wsa critical in formulating the Cap-and-Trade system. BP Chairman Lamar McKay supports it. As does Shell President Marvin Odum, and ConocoPhillips CEO James Mulva (very Seinfeld, btw). As did former Enron Chairman Kenneth Lay, whose subordinates “buried a an Enron-funded study that dismissed the notion that calamity could come of global warming!” [Power Grab, by Chris Horner]

But why?

Because, as Michael Morris, the CEO of the largest national coal-burning utility, American Electric Power, told Forbes Magazine (without shame), the way the carbon trading schemes are organized the company gets to pass the entire cost of the regulation on to the consumers, padded for additional profit through “administrative” fees. The more it costs them the more they make. And the more you pay. [Power Grab, by Chris Horner]

Added Exelon’s John Rowe, “Exelon would gain simply because a price on carbon would raise the cost of production for fossil-fuel-powered electricity. Most of that would be passed on to customers, raising the wholesale price of power. Exelon’s revenues would rise, but its costs wouldn’t.” [Power Grab, by Chris Horner]

Despicable, eh? All enabled by your president. It’s to be expected. The insurance companies helped craft his health care legislation, just as the “Trusts” of yesteryear co-authored legislation with Teddy Roosevelt regarding trust-busting and industrial regulation. They do this because the large companies can handle the costs while the nimble smaller companies must pack it in. You see, the one thing large corporations fear more than government is free-market competition. In this way, the federal government picks the winners and losers. By the way, the American consumer is always the loser.

Let’s wrap it up.

Obama:  “Countries like China are investing in clean energy jobs and industries that should be right here in America.”

Ah, the Democrats are always such Chinaphiles, aren’t they? Actually, this is just a half-truth by Obama. The full truth is that we import most of our oil from Mexico and Canada. In other words, our neighbors are happy to drill and sell us oil in territories where we could be doing the same. The full truth is that China is importing massive quantities of oil from countries like Iraq. Chinese companies (i.e., state-owned) are also attempting to purchase European-owned oil facilities operating in the Gulf of Mexico. China intends to drill in the Gulf even if we don’t.

This begs the question: If it’s good enough for one billion Chinese…