Statement from the Institute for Energy Reserach:
“Less than 24 hours ago, the president urged Americans to support his plan to spend over $700 billion in taxpayer dollars to fight our economic downturn. Meanwhile, the Department of Interior this afternoon added unnecessary government red tape that will delay an opportunity to use our vast, domestic energy resources to bring new jobs and billions of dollars in new revenue to this nation.
“Though our economy is in a free-fall and millions of Americans are out of work, the Obama Administration prefers to spend money we don’t have and ignore the resources we do. We are headed down a path that empowers government planners to decide how much energy Americans are allowed to use, and how much they will pay for it. Regrettably, what they fail to realize is that access to affordable energy represents the best and most direct path out of this economic mess.”
Hat tip: Ace.
Tags: Ace, billions of dollars, department of interior, domestic energy resources, economic downturn, economy, energy americans, government planners, Money, new jobs, red tape, taxpayer dollars, urged americans
February 11th, 2009 at 14:37
i guess the idea is, debt helped the economy before, maybe it will help again
February 12th, 2009 at 8:07
Most certainly, that is the idea behind this. Certainly, that’s what we’ve been fed from government schools for generations. Trouble is, it’s not true. What FDR did extended what would ahve beena fairly jild recession into a decade long depression. Only thing that got us out of that was WWII.