Thursday, January 19, 2012

How many jobs would $7 billion have bought?

President Obama says "Oh heck, no thanks!" to Trans-Canada's proposal to build a seven-billion-dollar pipeline to bring Canadian crude to American refineries. Evidently he thinks there's still enough money to be borrowed from China to pay unemployment benefits to American workers instead.

So what happens now? Canada will build a pipeline to the Pacific coast instead, the crude will go to Asia, and we will continue to import the stuff from Hugo Chavez's US-hating tinpot dictatorship in Venezuela. Our president has, I think, quite lost his mind. He's determined that we shall follow Europe into the rabbit hole, while Canada's economy (never mind Brazil's!) continues to outpace ours. Blue skies! -- Dan Ford


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