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.
Today marks the one-year anniversary of the official end to the administration’s deepwater drilling moratorium in the Gulf of Mexico, a milestone the House Natural Resources Committee is appropriately marking with a hearing on the continued reverberations of that decision.
In half a heartbeat the Obama team could put the kibosh to the most dangerous offshore oil drilling ever proposed near U.S. shores, scheduled to begin in December by a Spanish/Cuban corporation. By fighting this drilling his “Environmentalist” allies could get the biggest bang for their lobbying buck in their history.
While most Americans celebrated Labor Day as a nice occasion to enjoy the end of summer with friends and family, Union bosses and Democratic politicians used the occasion to attack Republicans and Tea Party conservatives.
With our economy continuing to falter, the discussion of leveraging our nation’s vast energy resources to create jobs is taking on renewed importance.
Last week, President Obama played tough, scolding Congress as he tried to pivot the national political narrative to job creation. The President’s pivot, which he’s tried numerous times before, includes a host of excuses like “headwinds” and “uncertainty” but little in the way of real solutions.
A frequent refrain during budget and debt ceiling debates is that we need revenue enhancement: higher tax rates, reduced deductions, eliminated credits. But doing this, especially amid today’s massively expanding regulations, will kill more jobs and further reduce government revenues.
What the economy needs, Mr. President, is a strong dose of new incentives, with pro-growth tax reform that flattens marginal rates and broadens the base for individuals and businesses. It doesn't need more spending directed by you and paid for by taxes on the "rich."
"Taxing American energy companies would actually increase the debt and deficit. It would also have the unintended consequence of forcing these companies to relocate to more hospitable tax climates overseas, taking American jobs with them."
The crisis that prompted Barack Obama to tap the Strategic Petroleum Reserve didn't come from a foreign enemy or a natural disaster, as was the case the only two other times that the SPR has been drained. This was entirely a crisis of Obama's own making. It even has a name – "Operation Re-Election."
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