His 2008 announcement served as a warning that his administration would do whatever it can to put in place a carbon tax. Basically, go with the failed science for more revenue and appease your base climate fanatics.

Obama is willing to let left wing agendas dictate policy even when those decisions are bad for America, and that my friends is a sad excuse of a President.

Alan Caruba has an excellent piece on this over at Theo Spark, below is an excerpt and I suggest you read the entire thing.

By Alan Caruba

One factor stands in the way of this brighter economic future and that is President Obama and those who direct the work of the Environmental Protection Agency—an enemy of the coal industry—and the Department of the Interior which has slowed the provision of leases to energy companies to expand the discovery and extraction of energy resources.

Instead, Obama has delayed the construction of Canada’s Keystone XL pipeline, a project that would generate jobs to build it and jobs resulting from it. Green says that “As unimaginable as it might have been just five years ago, the right policy decisions could see the U.S. meet 100 percent (100%) of its liquid fuel needs domestically or from Canada by 2014.”

Energy industries already send $85 million a day to the U.S. Treasury in income taxes, royalty payments, and other fees. Obama, though, wants to raise the nation’s borrowing limits after having added six trillion dollars in debt in his first term.