Here is the first volley in the crap attack:
Obama, a Democrat, accused Republicans of sitting on the sidelines while his administration worked to rescue the economy and, with November congressional elections looming, used his speech to lambaste the opposition party for opposing initiatives from health insurance reform to tax cuts.
Offers of substantial economic policies have been made by guys like Paul Ryan and rejected out-of-hand by this President. He has been dismissive of Republican ideas by using words like, "I won." He only wants GOP help when they will follow his policy to the letter.
Obama said the oil spill should prompt Americans to acknowledge that the United States could not depend solely on fossil fuels in the future.
That meant tapping into U.S. reserves of natural gas, increasing the number of nuclear power plants, and rolling back "billions of dollars of tax breaks to oil companies so we can prioritize investments in clean energy research and development."
Ideas so bad only government can come up with them. Without an investment in huge nuclear base-load capability, you can expect high energy prices with low reliability. Plan on dark nights and days that are either too hot or too cold. There will be inadequate energy for both heat in the winter and air conditioning in the summer. But this is by design.
Obama also pushed his case for a system that would limit greenhouse gas emissions from industry, a key ingredient for the United States in a still elusive global agreement to fight climate change.
"The only way the transition to clean energy will ultimately succeed is if the private sector is fully invested in this future -- if capital comes off the sidelines and the ingenuity of our entrepreneurs is unleashed," he said.
"And the only way to do that is by finally putting a price on carbon pollution."
This is absurd on it's face. First, there is mounting evidence that (alleged) AGW is a scam. Second, carbon is not a pollutant, regardless of what the EPA says. This is the biggest scam since Piltdown Man. Placing an arbitrary value on a phantom will make bundling toxic mortgages look benign by comparison.
An Environmental Protection Agency economic analysis of the bill written by (extreme Leftist Senator John) Kerry and independent (extreme Leftist) Senator Joseph Lieberman is expected sometime in June.
Look for this to be rosy. Too bad the CBO isn't doing the analysis. This needs to die now.