Friday, March 23, 2012

Our Manchurian President-A Tragic, Treasonous Tale In On-Going Episodes

The Manchurian President is a book that details President Obama's past radical associations and how it has shaped his life and influenced his political philosophy and his presidency. However, there might well be a more literal component to the title that is just as if not more accurate than the premise of the book.

Consider-Obama has gone out of his way to limit and in some cases kill oil exploration and development, both off shore and on government owned lands. And while he swears he has done nothing to curtail development on privately owned lands, there is little doubt that his EPA has done everything within and beyond its legitimate power to hamstring such efforts with its oppressive regulatory burdens.

Then of course there's the Keystone Pipeline, which he killed with little fanfare or explanation, ostensibly at the behest of radical environmentalist interests. And while he has since probably for political reasons fast-tracked development of the southern end of the Pipeline, from Oklahoma to the Gulf, the curtailment of the Canadian Pipeline, which spent years in negotiation in order to meet the most stringent regulatory requirements, can only be seen as a disastrous consequence of an environmental and an energy policy that is at odds with any reasonable development or expansion of energy derived from fossil fuels.

Moreover, it is noteworthy that while this hurts the US, it does not hurt Canada, who will now have another partner in the Pipeline venture, while will now veer east towards the Pacific, the main beneficiaries being now the Chinese.

And incidentally, it is the Chinese who most stand to benefit from the tax dollars Obama poured into Brazil's development of their own oil reserves. It's also worth noting here that Obama is also pouring US tax dollars into Brazil's fledgling nuclear energy industry. 

And as has been pointed out, the Obama Administration's recent threat of a lawsuit against the Chinese over their cutback in export of raw metals imports can probably be seen as political posturing in an election year, after which it is highly doubtful anything significant will come of it, other than possibly some agreement which is already in the bag.

Everything Obama has done in fact seems to be for the benefit of China's energy needs at the expense of our own, while in the meantime Obama continues to pile up ever more massive debt, while demanding ever more. Debt which will likely be purchased in large part by-the Chinese.

It's not a pretty picture, but the sad, tragic fact seems to be that Obama's most successful capitalist initiative might well be his on-going efforts to buy us all, and then sell us-to China.