I think that Doctor Milton R. Wolf is fast becoming one of my favorite columnists. I have been writing for some time about the shear stupidity of subsidizing the production of bad gas (Ethanol) by using food. Today in The Washington Times Wolf writes in “Energy Obamanomics: No green jobs and plenty of red ink” about what will be Obama’s legacy as we go to the polls in 2012:
“The president tried to sock it to the poor man with his “cap and trade” energy, plan under which, in his words, “rates would necessarily skyrocket.” The Obama energy policy started with, again in the president’s own words, putting a “boot on the neck” of
’s oil suppliers. Since he effectively imposed a moratorium on drilling in the Gulf of Mexico, which resulted in the administration’s being found in contempt of court, 10 oil rigs have left the Gulf and are providing affordable energy and jobs for South America, Africa and the America Middle East. Meanwhile, gasoline prices have doubled since Mr. Obama took office. The court didn’t go far enough. This White House is in contempt, not just of court, but of the American people themselves.”
What is incredible now is that we can save huge amounts of money, cut the cost of gas, reduce the price on most foodstuffs, and increase revenue to the government by ending all this ridiculous alternate fuel funding, protection, and coercion. Just stop being stupid.