The Obama Administration’s anti-hydrocarbon ideology and “renewable” energy mythology continues to subsidize crony capitalists and the politicians they help keep in office – on the backs of American taxpayers, ratepayers and motorists. The latest chapter in the sorry ethanol saga is a perfect example.
Congress finally did something right. Or rather it did nothing at all, which was just the right thing to do in these wasteful circumstances. It let the ethanol tax credit expire after 30 years.
The next time you hear someone rail against greedy speculators, tell them you’d rather pay lower prices for goods and services than listen to them whine about something they didn’t know anything about.
Every American manufacturing company gets tax deductions that help it create jobs and strengthen our economy – whether it produces newspapers, furniture, cars or fuel. Eliminating those deductions would increase unemployment and further slow our nation’s desperately needed economic recovery.
Under the Obama administration, energy subsidies and tax breaks have grown enormously. The EIA reports that the value of direct federal interventions and subsidies in energy markets doubled between 2007 and 2010, growing from $17.9 billion to $37.2 billion. Big energy companies don't need these government handouts.
You just know every cable network already has their graphic for the debt ceiling “crisis” and are feverishly working on their theme music. That will come, probably in the next week or two, if no deal is struck.
Amidst a slumping economy, gas prices near $4, continued uncertainty and aggression in the Middle East and an election around the corner, President Obama decided to release 30 million barrels of oil from our strategic oil reserves.
"Net farm income is expected in 2011 to reach its highest levels in more than three decades, as a rapidly growing and food-short world increasingly looks to the United States to provide it everything from soybeans and wheat to beef and fruit."
The GOP debate might as well have been moderated by People Magazine - that's how terrible and inane CNN's job was.
Deeper down, he’s basically saying no to the declinists and pessimists who seem to populate the economic landscape these days. Big government doesn’t work. Let’s try something different.
In contrast to the marginal effects of much ballyhooed public policies, there has been a huge breakthrough in energy production in the past couple of years.
Republican candidates ought to be supporting free market, small government policies. Instead, it is very disheartening to see Romney pandering to Iowa voters on the same big government subsidy side as president Obama
Yesterday I spoke with the terribly smart, tough, fiscal conservative Sen. Tom Coburn (R-OK) about why he walked out of the "Gang of Six" bipartisan budget talks.
While president Obama is out there ragging on oil companies to remove so-called tax subsidies, it’s odd that he doesn’t mention how much in taxes the energy firms actually pay to Uncle Sam.
This "end Medicare as we know it" line -- and many like it ("end Medicaid as we know it," "end carbon-based life as we know it," etc.) -- is the lead-off talking point for the entire Democratic Party in response to Rep. Paul Ryan's just-released budget proposal, "The Path to Prosperity."
Have recent elections taught Republicans nothing?
President Obama fulfilled his constitutional duty and gave his report on the state of the union last night. Here's mine: We're in deep trouble.
The chatter around Your Nation's Capital among the cognoscenti, the intelligentsia, and smarty-pantses over the past 24 hours was: Is there any real meaning to the House vote to repeal Obamacare?
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