How Obama Thinks
Dinesh D’Souza | Forbes Magazine
September 9, 2010
Barack Obama is the most antibusiness president in a generation, perhaps in American history. Thanks to him the era of big government is back. Obama runs up taxpayer debt not in the billions but in the trillions. He has expanded the federal governments control over home mortgages, investment banking, health care, autos and energy. The Weekly Standard summarizes Obamas approach as omnipotence at home, impotence abroad.
The Presidents actions are so bizarre that they mystify his critics and supporters alike. Consider this headline from the Aug. 18, 2009 issue of the Wall Street Journal: “Obama Underwrites Offshore Drilling.” Did you read that correctly? You did. The Administration supports offshore drilling–but drilling off the shores of Brazil. With Obamas backing, the U.S. Export-Import Bank offered $2 billion in loans and guarantees to Brazils state-owned oil company Petrobras to finance exploration in the Santos Basin near Rio de Janeiro–not so the oil ends up in the U.S. He is funding Brazilian exploration so that the oil can stay in Brazil.
More strange behavior: Obamas June 15, 2010 speech in response to the Gulf oil spill focused not on cleanup strategies but rather on the fact that Americans “consume more than 20% of the worlds oil but have less than 2% of the worlds resources.” Obama railed on about “Americas century-long addiction to fossil fuels.” What does any of this have to do with the oil spill? Would the calamity have been less of a problem if America consumed a mere 10% of the worlds resources?
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