With another 410,000 people filing first time unemployment claims and the "official" unemployment rate (I believe the true rate is much higher than that), one would think that Obama would want to do things that would help to create jobs. President Obama and his administration's actions to stimulate job growth are like a gardener fostering growth in his or her garden by turning off the water.
The latest example of this comes from THIS story in the New York Times. The headline reads that the Obama Administration objects to the Alaska Oil and Gas Development bill. Never mind that such a bill would only help the US's issues with gas prices and US demand for foreign. Never mind that the the environmentalist wacko's have hijacked this issue and are completely opposed to developing an area that is less than 1% of the Refuge. Never mine that 75% of Alaskans support drilling in ANWR. Never mind that using domestic sources of oil over foreign sources (from countries like Saudi Arabia and Libya) makes sense.
According to ANWR.org developing and drilling for oil in ANWR would create between 250,000 and 750,000 jobs.
Objecting or opposing this legislation makes no sense on so many levels. Look at the positives that this bill would bring:
1) America's dependence on foreign oil would decrease.
2) A larger supply or even the expectation of a larger supply of oil would help to bring down the cost of oil traded on the stock market.
3) With advances in drilling techniques, the environmental impact on ANWR is tiny.
4) From this project alone as was stated above between 250 k and 750 k new jobs would be created.
5) More people working means more people paying taxes, and more people spending which in turn will stimulate further economic growth.
High unemployment will continue to be a massive drag on any economic recovery. The only real way that government can really affect the economy is through taxation and government regulation. If Obama wants to have any chance at reelection, he is going to have to lower taxes and cut out regulations that hinder job growth. Obama, however is a rigid ideologue who would rather sacrifice jobs to save the Caribou, than do what it take to get the American economy rolling again. Obama's big ears seem to be deaf to the outcry from jobless Americans who are suffering.
Well at least Michelle, Sasha and Malia, will get to go to Botswana for their summer vacation, err "Official State Visit."
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