Let’s say that you were a politician who picked a gee-whiz concept car like the GM Volt and turned it into an icon of your administration. Let’s say that you were so confident, you predicted a million such vehicles would be on the road by 2015, and you promised to buy one yourself, once you were out of office. And let’s also observe that despite giving people (most of whom are wealthy) a whopping $7,500 subsidy to buy a $40,000 car, your union- and government-controlled car company couldn’t sell enough of them to justify keeping the assembly line open. What would you do?
Kenneth Green | All Articles
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Kenneth P. Green is a resident scholar at the American Enterprise Institute.
In a move that should surprise absolutely no one, the Obama administration has once again placed the interests of the president’s environmental supporters ahead of the interests of the country as a whole. On November 10, the Obama State Department hit the pause-button on approving the Keystone XL pipeline, which would have brought oil from Canada’s oil-sands down to the U.S. Gulf Coast. Despite an extensive environmental review process that suggested the proposed pipeline posed very low risks to the environment, State concluded that it “needs to undertake an in-depth assessment of potential alternative routes in Nebraska.” The president was quick to embrace the delay to 2013, as it will spare him the need to either approve the pipeline, infuriating environmentalists, or kill it, infuriating everyone else. Whether one views such a move as cowardly or as pragmatic, it’s indisputably foolish.