"In a recent appearance on 60 Minutes, Obama traded in his old analogy about the car in the ditch for a new one, about a ship in rough seas. No matter how well the captain—Obama—steers it, if the ship is being tossed about with violent abandon, then the passengers will not enjoy the ride."
No one, no matter how bright, can possibly know what is in the best interest of everybody.
If Tolkien was right that the burned hand teaches best, then a question arises: Will President Obama ever learn?
The implication is that Obama is doing a fine job, so don’t blame him. The president is right, in part: The voters should not blame him. But he is wrong about why. It’s not because the president is a great economic helmsman. He is an awful one. Consider his performance in just one sector: energy. The Obama administration has shoveled boxcars full of money to “green” energy, with demonstrably deplorable results.
Those results go well beyond Solyndra. Take the administration’s policy of pushing electric cars, in which it has invested billions of taxpayer dollars. As The Washington Post reported recently, “analysts say the risk is rising that taxpayers in many cases will not see a return on their money soon, if ever. Instead, they warn that some federally subsidized companies could be forced to shut down in coming months.” A123 Systems, a battery maker the administration supported to the tune of nearly $400 million, recently announced layoffs “instead of up to 3,000 new Michigan jobs as Obama and the company had predicted,” the story reported.
Despite a $7,500 tax credit for each vehicle sold, in October GM unloaded about 1,000 Chevy Volts out of 187,000 total cars sold that month. Even if the administration’s rosy prediction of 1 million electric vehicles by 2015 proves correct, that is a drop in the bucket in a nation with 250 million cars, so the effect on greenhouse-gas emissions—the ostensible justification for all this intervention—would be negligible.
What’s more, electric cars get their juice largely from coal-fired power plants, making claims about emissions highly dubious. Battery disposal is a huge environmental problem.
-read on at above link-
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