The Obamination Administration has finally figured out what’s wrong with our collapsing economy: energy costs are too low. From the Washington Times:

Mr. Emanuel said energy costs are too low anyway. U.S. car companies have relied too long on gas-guzzling autos and failed to invest in alternative energy vehicles, he said, and contended that the time for new auto fuels is now.

Right when GM is going bankrupt is a perfect time to force it to use technologies that are not economically efficient.

The cap and trade insanity snuck into one of the recent spending extravaganzas will be just the ticket to fix those low energy costs. Here’s Chairman Zero promising that it will cause power costs to “skyrocket”:

Cap and trade serves no useful purpose, and is estimated to cost us as much as $1,400 per family per year, in addition to crippling what little American manufacturing hasn’t left for Asia.

We are witnessing the early stages of a deliberately engineered depression.

Hat tip: Gateway Pundit, on a tip from Gregory of Yardale. Cross-posted at Moonbattery.

0

Comments are closed.