Obama is national suicide
Now we see tax evading Geithner threatening our gas and oil producers.
WASHINGTON, March 4 (Reuters) - U.S. oil and natural gas producing companies should not receive federal subsidies in the form of tax breaks because their businesses contribute to global warming, U.S. Treasury Secretary Timothy Geithner told Congress on Wednesday.
It was one of the sharpest attacks yet on the oil and gas industry by a top Obama administration official, reinforcing the White House stance that new U.S. energy policy will focus on promoting renewable energy sources like wind and solar power and rely less on traditional fossil fuels like oil as America tackles climate change.
"We don't believe it makes sense to significantly subsidize the production and use of sources of energy (like oil and gas) that are dramatically going to add to our climate change (problem). We don't think that's good economic policy and we think changing those incentives is good for the country," Geithner told the Senate Finance Committee at a hearing on the White House's proposed budget for the 2010 spending year.
What do these people imagine is going to heat the GM plants they are bailing out?
So far this administration has had the most slipshod appointment processes, most naive Russian foerign policy decisions, most throw allies under the bus attitude (Poland, Czech Repub, Israel), most denigrating attitude towards defensive weapons, most unrealistic attitude about economic realities, and focused more attention on internal political enemies who they wish to portray as saying NO to all the above in a negative frame, than they have on who they have appointed to carry out the naive and unrealistic ideas, all while having about all these things and our energy needs not a plan but a series of slogans, invented by others which they perceive carried them to victory and must have some kind of meaning in the real world.
In short, we are fucked