How Much Do Obama and Biden Hate Oil Production and Private Enterprise? (Updated)
The Obama regime has just killed new offshore oil drilling for five years, via a bureaucratic delaying trick:
The Obama administration today endorsed new oil and gas exploration along the Atlantic Coast, setting the stage for possible future drilling lease sales.
The announcement by the Interior Department sets into motion what will be at least a five year environmental survey to determine whether and where oil production might occur.
But Republicans say the announcement is simply for show. Obama delayed and then cancelled a planned 2011 drilling lease sale for areas off the Virginia coast following the BP oil spill in the Gulf.
Five years. Didn't the president recently use that very number regarding his tenure in office? Everything has to be about him.
Meanwhile, watch what the other hand is doing. It's proposing a "global minimum tax" on business.
"For years, American manufacturers have faced one of the highest tax rates in the world. We want to reduce that by over 20%. We want to drop the rate, particularly, for high-tech manufacturers like you, Mr. President, even further than the 20%," Vice President Joe Biden said at a manufacturing plant in Davenport, Iowa this week.
"We want to create (what's called) a global minimum tax, because American taxpayers shouldn't be providing a larger subsidy for investing abroad than investing at home," Biden said at a campaign event.
The regime is campaigning on making the United States subservient to a global body that will impose, collect and spend a global tax so that America's corporate taxes will no longer be alone at the top, the highest in the world.
Update: Biden's "global minimum tax" isn't truly a proposal to establish some world body that would levy and collect corporate taxes, it turns out. But it is a proposal to keep US corporate taxes high -- as of Sunday, they will be the highest in the world -- and incentivize selling US corporations to foreign ownership, to escape the Obama/Biden "global minimum tax." So that makes it...still awful, actually.
And purely from a messaging point of view, wow. It can't get much worse than trotting out a doddering dolt who thanks sodas and tells people in wheelchairs to stand up, to propose something in language that sounds like it would have given George Orwell nightmares. Obama's message factory is very overrated. Or even they can't keep crazy old Joe on message.