"I absolutely love my Chevy Volt." That's what the smug guy in the TV commercial says when he's praising the virtues of his plug-in hybrid and boasting that he hasn't seen a gas pump in months.
Speaking to students at a Maryland community college, President Obama indulged one of the left's favorite vanities -- the claim to represent "the future." His topic was energy. The president warned against Republicans who want "an energy strategy for the last century that traps us in the past."
This may be the golden age of presumptuous ignorance. The most recent demonstrations of that are the Occupy Wall Street mobs. It is doubtful how many of these semi-literate sloganizers could tell the difference between a stock and a bond.
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.
Last week, protests broke out again in Europe, from Rome to London. The monthlong Occupy Wall Street demonstrations in New York have spread. The current unrest follows this summer's riots in London and flash mob incidents in U.S. cities. In 2009 and 2010, Tea Parties turned out hundreds of thousands in protests against the Obama administration's policies and eventually gave him the largest midterm rebuke since 1938.