AUSTRIAN ECONOMICS ADDICT

Keystone XL demonstration, White House,8-23-2011 Photo Credit: Josh Lopez (Photo credit: Wikipedia)

This article, “Robber Barony: Obama Energy Policy By Another Name” by Paul Driessen at Masterresource.com. is a must read. After you read it you will ask the question, why would the President want the country to decline economically? This article talks about how the energy boom in the U.S. is poised to lead the economy out of the doldrums, if the administration will get out-of-the-way and let it happen. This should be what everyone is talking about instead of the political theater known as the “fiscal cliff“.

How can an administration be taken seriously about wanting to improve the economy, when they are going to confiscate 4 billion dollars from the taxpayers, spend it on high-speed rail from Southern California to Las Vegas, knowing that the fees will never be able to cover the cost of the operation of the rail line once it is built, let alone cover the initial estimated cost of 4 billion dollars to build it? (Do you think it will come in on budget?) The taxpayers will be saddled with funding an unprofitable activity for decades to come, think Amtrak, or the Post Office. This is the same administration that won’t allow the Keystone Pipeline to be constructed between the oil fields in Canada, to the refineries in Texas and Louisiana. This project is funded through investment by the evil private sector, and not by benevolent Government through coercive taxation. Any potential loss will not be born by the taxpayers. This project will be profitable and make the country as a whole wealthier, while the high-speed rail project will be unprofitable and a waste of scarce resources, making the country poorer. Is the administration helping us commit economic suicide? If they don’t they sure have a strange way of showing it. They have to understand that if the private sector isn’t allowed to produce, there won’t be enough to fund Government. I guess the parasite doesn’t realize he is killing the host, and himself, until it’s too late.

Read A Moral Defense Of The Oil Industry, by Alan Epstein also at Masterresource.com.

This entry was posted on December 21, 2012 at 6:14 am and is filed under Government and Politics. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: Carbon Based Energy, Green Energy, High-speed rail, Keystone Pipeline, Paul Driessen