Saturday, May 22, 2010
Fantastic Fuel Fictions
With new CAFE (Corporate Average Fuel Efficiency) standards announced yesterday, Barack Obama once again ventures into what popular historian Stephen Ambrose had termed of Hitler's magical thinking- "wolkenkuckkucksheim" or cloud-cuckoo-land. In spite of evidence to the contrary, Barack Hussein Obama continues to persist with his green jobs fantasy often citing what he alleges is the green job success of Spain. Spain has indeed allocated vast resources to transforming into a more environmentally-friendly economy, only to find that old carbon-emitting industry was crippled or killed while very few green jobs were created. Spain has had negative return on green investments, massive job losses in traditional vocations raising the level of national unemployment and forcing the government to extend unemployment compensation while creating nowhere near enough green jobs to give the newly fired old industry workers jobs and contributing to the economic dislocation which may bring Spain to collapse like Greece. So with executives from fourteen vehicle companies who are either essentially already owned by the government (GM and Chrysler) or terrified that they soon will be present at the ceremony, Obama staged his public executive order signing which will raise the prices of all our new cars and trucks as manufacturers must pass on their newly engendered costs. There will be green alright but not Obama's green job fantasy as more greenbacks are stripped from our wallets to pay to indulge Obama's reverie.
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