“Why waste a good disaster?”
I agree.
1. When a double-dip recession arrives, Obama will blame the oil spill (and the greedy oil companies responsible for it).
2. When damages rise to hundreds of billions of dollars, Obama will be first in line to offer up the federal Treasury to bankroll them—but will insist on the enactment of a VAT to ensure that this new spending is “fiscally responsible.”
3. When cap and trade comes to a vote, Obama will argue that the oil spill proves we cannot rely on expanding domestic drilling and that he has concluded that reliance on nuclear power likewise would be “too risky;” hence only an aggressive cap and trade policy can wean us from dependence on foreign oil and avert global warming.
4. And heck, why not use this opportunity to socialize the oil companies to prevent future “irresponsible” behavior?
The possibilities are endless.
Read my post #30 for more thoughts on the matter.
“Never waste a good crisis, Clinton says on climate”
http://in.reuters.com/article/environmentNews/idINTRE5251VN20090306