An axiom of economics is “if you want more of something, subsidize it; if you want less, tax it.” As near as I can tell, that pretty much sums up Barack Obama’s upside-down energy policy. He wants to punish the hydrocarbon industry that supplies 85% of our energy needs, while throwing billions at green technology ideas like bankrupt Solyndra and the newly unplugged Chevy Volt. But, exactly why he wants to inflict more pain on every single American along the way, particularly at a time when so very many are struggling is beyond me. The dots simply don’t connect. Continued...
Obama’s Upside Down Energy Policy: Pay More, Get Less
Obama’s Upside Down Energy Policy: Pay More, Get Less
Posted by 12th_Man (#3) 430 days ago (http://finance.townhall.com)An axiom of economics is “if you want more of something, subsidize it; if you want less, tax it.” As near as I can tell, that pretty much sums up Barack Obama’s upside-down energy policy. He wants to punish the hydrocarbon industry that supplies 85% of our energy needs, while throwing billions at green technology ideas like bankrupt Solyndra and the newly unplugged Chevy Volt. But, exactly why he wants to inflict more pain on every single American along the way, particularly at a time when so very many are struggling is beyond me. The dots simply don’t connect. Continued...
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