Mama Bin Cranky

I have been out-of-pocket and really busy these last few weeks but I had to post something on Obama’s comments about the Keystone Pipeline. Yesterday, Obama derided the 50 permanent jobs the pipeline would create. As Steven Hayes said last night on Special Report, that is 50 more than Solyndra made. Obama said the pipeline wasn’t a jobs program because it will only result in 50 permanent jobs. A pipeline will employ thousands during the build out, but will eventually only provide employment for 50. Obama wants a “jobs program” from the government, and ignores the issue that the pipeline is not a government program, but rather an actual business that won’t cost the government money. In Obama’s warped view of things, only a government program is the answer to high unemployment. Only government spending and stimulus can create jobs.

Also today, economic growth numbers have come out again in the anemic range. They even lowered the growth numbers of the first quarter again. Without the oil industry growth, these GNP numbers would be even bleaker. Obama seems not to understand the government jobs suck life out of the economy, while companies and corporations create jobs that benefit the economy. His answer is always more spending or investment.