In last week's State of the Arrogant-Debtor Nation speech, the President called for new Fed "investments," lib-speak for still more massive spending. In particular, on alternative energy, so that we can (quote): "break our dependence on oil with biofuels." Hopefully, biofuels doesn't mean adding more crops to our foolish "Burn Food for Fuel" program, that only brought us increased grocery prices. For the present, what we must actually do is break our dependence, not on oil, but on foreign oil. But lacking the backbone, we'll likely continue for many years to shove billions at those oil-producing nations, that support the terrorists intent on harming us.
Domestically, the Fed's attack-dog of choice, the EPA, imposing over 900 new regulations since 2008, continues to purposefully make life miserable for our coal, oil and gas producers, forcing higher business costs, leading inevitably to job reductions. So let's review. We're told energy independence is the goal, moving away from foreign oil, by pumping millions into future technologies, while zealously over-regulating our current fossil-fuel producers, and halting access to our abundant coal and oil reserves, oblivious to the time it'll take market-viable alternatives to mature. Instead, let's aggressively tap our fossil reserves now, and build-out nuclear, while incentivizing realistic, alternative fuel development, phasing out the former, as economical technologies emerge. The road to energy independence is clear. So is why it's not happening. D.C. simply has no real intention of breaking the strangle-hold of foreign oil. Our battered economy is now repairing itself. With that and a sensible fuel transition, the Feds are the problem, not the solution. For the good of our nation, Big Government needs to get the heck out of the way.
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