It matters not what Barack Obama says. His rhetoric is mere words and all of BO statements come with expiration dates, John Steele Gordon, Commnetary Magazine [1], reports on what BO says he intends to do:
On February 9th, President Obama visited Elkhart, Indiana, the American community with the country’s highest unemployment rate, 15.3 percent. (It had been only 4.7 percent the year before.) He was there to sell his stimulus bill, then moving through Congress and since signed. He noted that the bill would provide help for the workers who had lost their jobs and, more important, help them get their jobs back by reviving the economy.
The jobs that have vanished in Elkhart are predominantly in the recreational-vehicle industry, which is concentrated in the city of 52,000. With the severe recession the country is now experiencing, it is hardly surprising that this industry has been devastated
Versus what BO actually intends to do:
Cap-and-trade will have a profound impact on the recreational-vehicle industry in Elkhart, whose pain Obama professed to feel. The cost of manufacturing the vehicle will rise because of the new tax, which will in turn increase the retail price of RV’s and thus inevitably decrease sales. The cost of operating them will also rise substantially as the tax raises the price of gasoline, further limiting demand. Nor will the tax’s effect on Elkhart and its environs be limited to RV’s. The entire mid-section of the country, where Elkhart is located, will be especially hard hit, because the region is far more dependent on manufacturing and coal-fired electric generating plants than the continent’s two coasts.
BO fully intends to kill Elkhart’s economy, much like did to Caterpillar [2]. Like in Elkhart, BO promised to save jobs. Then after BO signed Porkulus into law, Caterpillar laid off over two thousand.