Saturday, December 10, 2011

OBAMA DOES NOT WANT MORE JOBS


LINKS ARE INCLUDED TO BACK UP EVERYTHING IN THIS BLOG

President Obama claims he wants to see more Americans working, but then he rejects private sector projects that would create tens of thousands of American jobs.  It appears that the President prefers pandering to special interest above job creation and a sustained economic recovery.

Consider what Obama said during his trip to Brazil earlier this year.  He told the Brazilians, “We want to work with you. We want to help with technology and support to develop these oil reserves safely, and when you’re ready to start selling, we want to be one of your best customers.”  http://www.youtube.com/watch?feature=player_embedded&v=M2V4EM_jaFg

There’s no problem with buying oil from the Brazilians.  But why does the President have a problem with building the Keystone XL pipeline to allow Americans to buy more oil from the Canadians?  U.S. companies work with the Canadians to produce oil in Canada, and American workers would build the majority of the Keystone XL.  Also, getting more oil from Canada would mean fewer imports from less friendly countries.
My blog from November 20th.  http://cyberpolyticks.blogspot.com/2011/11/pipeline-poker.html

It is no secret that the Obama administration supports higher gas prices.  

The Keystone XL pipeline would have provided more stability in oil supply and pricing at a time when crude oil from Mexico and Venezuela is declining.  The pipeline would have provided refiners in the Gulf region with a secure supply—and a supply from a friendly source. Less supply means higher prices.

Without the XL pipeline on the horizon, prices are predicted to increase as they did following the delay announcement.  Higher oil prices translate to higher prices at the pump. With the cover of environmental concerns as the cause, President Obama could put the pipeline off and raise gas prices without the average person realizing his responsibility for the increasing costs.  With higher gasoline prices, the Government Motors Chevy Volt becomes more attractive—giving the president a win/win.

So President Obama chose to appease the environmental base and raise gas prices rather than to support the jobs that he claims to want.  Additionally, the pipeline would have brought foreign money into the United States through increased exports of refined gasoline and provided a strong signal to the world markets that America is putting a long-term sustained strategy for expanding the domestic oil supplies we will need for decades to come.
 
TransCanada expected that the pipeline would be routinely approved—all previous cross-border pipeline requests have been granted.  They went through all the open houses and public meetings, did the environmental impact studies, and endured the most exhaustive and detailed review ever conducted for a crude oil pipeline.  Nebraska, and most of the United States, is already a web of pipelines.  However, they chose the cheapest route for the Keystone XL pipeline—which took it through the environmentally controversial area of Nebraska’s Sand Hills.  By choosing the short route, rather than adding about 250 miles of pipeline, they gave the environmentalists an unlikely alliance: Nebraska’s Republican lawmakers and traditionally conservative farmers.

Now that TransCanada has agreed to re-routing, they’ve called his bluff

President Obama’s whole system for determining the number of jobs created by any infrastructure project is now completely discredited.  Most Americans remember well the administration’s stimulus-era promise of unemployment topping out at 8 percent if the stimulus were passed. The stimulus was passed and unemployment then spiked above 10 percent.  So the President is going to have to forgive us if we doubt his ability—and that of his advisers—to predict what policies will create jobs.

The facts, though, about job creation in the energy sector are undeniable.  And we’re not talking about the green energy experiments like Solyndra that went bankrupt and laid off its workers.  We’re talking about affordable energy development in places like North Dakota, where production in the Bakken Shale has resulted in the lowest unemployment in the country (3.5 percent).

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