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 headline reads like a piece from the Onion: "U.S. Navy Paying $15/Gallon for Green Fuel." But it's real enough.
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.
It's becoming clear: Obama thinks American voters are stupid. Anyone believing Obama's current campaign promises is either gullible or amnesia-prone. Increasingly, his campaign speeches indicate a rather pitiful and cynical hope that Americans will not remember his earlier promises nor will they recall past decisions by the Obama Administration that have failed so spectacularly. Obama’s reelection strategy seems dependent upon an ability to fool most of the people one more time.
It is time for our leaders in Congress – the ones lifted into power by a conservative wave – to take a bold, principled stand and put an end to energy subsidies. These subsidies distort private sector investment, waste taxpayer dollars, and allow the government to pick winners and losers.
If Occupy Wall Streeters had any common sense, they would be marching upon the bureaucratic offices of the government. They would be marching upon the biggest supporter of big government and increased regulation that we have ever seen, Barack Obama.
You may or may not know, but I am on the board of the National World War Two Museum in New Orleans, Louisiana. Lots of people say it’s “an honor” to do this or that, but to me this is an amazing privilege and opportunity to do something good for some people, and my country.
Ayatollah Khomeini, leader of Iran’s 1979 Islamic Revolution, had a saying: “The Americans cannot do a damned thing.” Tehran has tested that proposition time and again – conspiring, over three decades, to kill Americans in Lebanon, Saudi Arabia, Iran and Afghanistan.