06-04-2010, 10:34 AM
Malaise At Mellon
Quote:Deja Vu: In a Carteresque speech Wednesday, the president said we should tax our way out of despondency and dependence on fossil fuels. The American dream isn't slipping away. It's being stolen by big government.
It might as well have been President Carter addressing the audience of students and faculty at Pittsburgh's Carnegie Mellon University. Instead it was President Obama who spoke of our dependence on fossil fuels and blamed everybody and everything, except for a lack of presidential leadership, for our current situation.
On July 15, 1979, President James Earl Carter gave what has become known as the "malaise" speech. He didn't actually use that term. Instead, he spoke of "a crisis in confidence ... that strikes at the very heart and souls and spirit of our national will."
On Wednesday, Obama spoke of the "feeling of not being in control of your own economic future — that sense that the American dream might slowly be slipping away."
In fact, the American dream is being taxed away by a government already spending our children's inheritance.
Carter spoke of an energy crisis that was "the moral equivalent of war" and of our "intolerable dependence on foreign oil." Obama warned of "our continued dependence on fossil fuels (that) will jeopardize our national security. It will smother our planet."
But it's our continued dependence on government, expanded under this administration, that will smother the American economy and people.
Obama also blamed "greed and irresponsibility on Wall Street" along with oil "corporations taking dangerous shortcuts to compromise safety." And don't forget those rascally Republicans: "Before I was even inaugurated, the congressional leaders of the other party got together and made a calculation that if I failed, they'd win."
Captain Queeg is still searching for the missing strawberries.
Sorry, but there's no one to blame for the president's failed policies but the president — from the trillion-dollar stimulus that created no jobs to the nationalization of health care that will lead to ballooning deficits, doctor shortages and rationing. It is the president who is failing, and the voters will remember in November.
As bad as things are, they'll get worse under policies Obama announced in the speech. He noted that the House passed the Waxman-Markey cap-and-tax bill and that a similar plan sponsored by Barbara Boxer and John Kerry is stalled in the Senate.
"I want you to know the votes may not be there right now, but I intend to find them in the coming months," he said. "The next generation will not be held hostage to energy sources from the last century." If the votes will be found as they were for the health care overhaul, this could get expensive.
He said the transition from fossil fuels is possible "if capital comes off the sidelines." That's a tough sell when his favorite energy sources don't work when the wind doesn't blow and the sun doesn't shine.
"And the only way to do that is by finally putting a price on carbon pollution." In other words, a carbon tax.
As the Heritage Foundation notes, subsidizing experimental energy sources doesn't become more attractive because oil pollutes our waters. In Louisiana alone, Heritage reckons, Waxman-Markey would result in the loss of 15,000 jobs, higher gas prices and rocketing consumer electric rates. Whom will Obama blame that on?
What Obama offers is a skyrocketing misery index, unsustainable debt and oppressive, job-killing taxation.
If the students at Mellon were anxious, they had reason to be. We have labeled Jimmy Carter our worst ex-president. He may soon have a rival for that title.


![[Image: obama_carter1.jpg]](http://www.israpundit.com/2008/wp-content/uploads/2008/05/obama_carter1.jpg)