Obama on Capitalism and Affordable Energy: Great for Africa, For U.S., Not So Much

In April 2009, at a NATO summit in Strasbourg, France, Barack Obama explained that he believes in American exceptionalism the same way "the Brits believe in British exceptionalism and the Greeks believe in Greek exceptionalism." That jaw-dropping statement might have taken some people aback, but it should have come as no surprise. What else would one expect from Frank Marshall Davis' protégé, Rev. Wright's parishioner of twenty years and Bill Ayers' neighborhood pal? A belief in American exceptionalism is at the heart of the patriotism despised by that troika, and other members of the 5th column American Left, at least as that phrase is traditionally understood. They believe in their own twisted form of American exceptionalism; specifically, that America is exceptional not because it is a beacon of liberty, but because of its hideous imperialism, its arrogance, its theft of the planet's resources, and its racism. It's time for America to be cut down to size, and King Barack I is just the man for the job.

The latest evidence of Barack Obama's vision for a transformed America is hot off the presses. It's not the enabling of the destruction of the southern border, or even the importation of the ebola virus into our country. (It's hard to keep up with these assaults on the country we grew up in, isn't it? Yes, Barack is a man in a hurry!) Rather, it's his enthusiastic embrace of capitalism, but not here in America. He's all for it in Africa, as he explained at the just concluded the U.S-Africa Leaders Summit with officials from 51 African nations. (Not to Joe Biden: Africa is not a country.) He, Mayor Michael Bloomberg and Sec. of Commerce Penny Pritzker are all excited about U.S. companies committing to $33 billion in investments in the Dark Continent. This sort of excitement about entrepreneurship and free markets seems a little odd coming from Mr. "You Didn't Build That," that is until you connect some dots.

As you know, Barack Obama has decided that one of his "legacy accomplishments" will be a destruction of America's coal fired power plants, which provide affordable, reliable electricity and thousands of jobs in this country. On June 2, 2014, Barack Obama's EPA released rules that is says will cut CO2 emissions by 30 percent. These rules are another attempt to use an administration bureaucracy to do an end run around Congress, which refused to implement a cap-and-trade program back in 2009, even though the Democrats controlled both house of Congress. Of course, the global impact of these regulations, assuming they can't be stopped, which we hope and pray that they can, will be negligible. Australia bagged similar regulations after the people howled. Germany isn't giving up coal fired electricity, and you well know that China and India would greet any efforts to stall their economies by shutting down coal-fired plants with a one-finger salute. 

Then there's Africa, which Barack Obama hopes will be the FORMERLY Dark Continent. From the Washington Post:

On Sunday, [June 29, 2014] Obama promised $7 billion in financial support over the next five years to bring "electricity access" to 20 million new households in Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania, as well as help countries like Mozambique develop their oil and gas resources. …

It's unlikely that Africa can power itself through wind and solar power alone. Tanzania, for one, is eager to exploit its large offshore natural gas reserves. So how does all this square with Obama's pledge to curtail greenhouse-gas emissions?

Tom Hart, the executive director of the ONE Campaign, an advocacy group, thinks that the two goals don't necessarily need to conflict. "We think an exception can be made for poorest and least-emitting countries," he says. "If you provided 580 million Africans with basic energy access, that would increase global carbon emissions by just 1 percent." In other words, if Obama wants to tackle global warming, Africa isn't the place to start. (emphasis mine)

It's possible, however, that some environmental rules could limit U.S. involvement. The Overseas Private Investment Corporation (OPIC), which just pledged $1.5 billion in energy projects for sub-Saharan Africa, currently has an internal cap on greenhouse-gas emissions. Those rules would prevent OPIC from financing more than one medium-sized natural-gas plant, for example.

Todd Moss of the Center for Global Development has proposed lifting OPIC's emissions cap slightly for the poorest, least-emitting countries in Africa. "More than half the people in low-income neighborhoods in Nairobi and Dakar have no access to electricity," he told me earlier this year. "For reaching urban centers and powering industrial zones, you'll likely need traditional large-scale power plants. And current U.S. rules are keeping businesses out of that area."

I am sure that President Payback will be more than happy to enable another "waiver" to assist African economies grow, while hobbling America's access to reliable energy. 

Lights out, Bitter Clinger. Payback is a b****, or at least that's what Barack says.

~~~~~~~~~~~~~~~~~~~~~~

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Comment by Teri OBrien on August 29, 2014 at 5:40pm

These comments are terrific. Silver Fox, I laughed out loud when I read your comment. I had to laugh, otherwise I would cry when I think what is happening to our great country.

Comment by WYATT on August 9, 2014 at 8:44pm

Thanks to the morons who elected him twice, obama is on an eight year luxury vacation paid by the people he hates, interrupted periodically with some pestey  world or domestic crisis that Valerie Jarrett insists that he address or the little people might get mad and revolt.

Then she would be out of her luxury padded position and would have to go back to Iran in order to avoid prison.

His so-called wife has other problems when she no longer has a multitude of peons kissing her massive butt because her so-called husband is to busy kissing muslim butt.

We really need to flip the congress this year to slow this maniac down  

 

Comment by Joseph A.Vargas on August 9, 2014 at 9:47am

Can't help but chuckling every time I see Maobama shelling out billions to real live Africans when his own African-Americans are left out in the cold.  He knows the Af-Americans will vote for him regardless of what he does but those billions could have been used for employment enhancing opportunities, mo food stamps, sending in the National Guards into urban areas to stop the black on black murders that goes on every day, but noooooo, he still thinks he's the Messiah in the only country left st6ill buying his tripe.  What do the African-Americans think?

Comment by Debrajoe Smith-Beatty on August 9, 2014 at 8:38am

It is time that the USA withdraw from other nations, come home and solve the problems in America for citizens not the damn illegals. Let other nations solve their own problems. Put our nose back on our face and clean up America to include getting rid of Obama, Michelle Obama, Nancy Pelosi, Harry Reid, etc.,

Comment by Christine Rae Moylan on August 9, 2014 at 8:34am
"Where's the bucks"! This Regime keeps borrowing from the Fed for the IMF. It appears the taxpayers are on the hook once again. American citizens are being screwed no matter where you look. The bridge between the lower-middle class and upper-middle class is widening as each year passes. Illegals are the privilaged class where they can break our laws and get paid to do it. We have an illegal President who is foot loose and fancy free with our money and laws. Yet, there is still 40% of the populace who still like this guy who continues to promise our taxdollars to everyone but American citizens. This Regime who continually deride the 1% continually supports them. Like any dictatorship they steal from the people and fill their own coffers.

Supporting the African Union States is no different than supporting the Middle East. It looks good for photo ops but in reality they are a chaotic economic mess. The only job the "Community Organizer" has accomplished well is that of America's No.1 Idol. Ya got to hand it to him, he is one of the greatest impersonators the World has ever seen in modern day history. His performance deserves an Academy Award not the Nobel Peace Prize.
Comment by Debrajoe Smith-Beatty on August 9, 2014 at 6:40am

What do you expect from this  poor excuse of a human.

Comment by Suede on August 9, 2014 at 12:49am
Just can't wait. He has to build up his homeland and throw money at terrorists. While breaking laws to import illegals and diseases and impose martial law to stay in power. With the legal citizens in FEMA camps.
Comment by Donna/ID on August 9, 2014 at 12:44am

Wouldn't surprise me to see heat bills sky rocket this winter. Doubt any power co will try to absorb any cost.

BO promised it when he hit the coal industry with all the regs.

Comment by wm mcdannold, jr on August 9, 2014 at 12:28am

Duh. What's new?  Same old, same old.  Those attentive have long learned that the agenda is Marxist.  Barry's PURPOSE is to make all right with the world through socialism.  A prime tenant of Marxism is to destroy success through capitalism to clear the way for mediocrity with a notable exception.  Ever heard of the nomenclatura?  The intelligentsia?  The party bosses? Within Barry's agenda, capitalism is right for Africa - of course. Problem is (with the possible exception of South Africa), Africans have no concept of mercantile success through capitalism - and they ain't gonna for a long, long time - at least.  Hell, parts of West Africa have significant oil deposits - but the best most of those peoples can do is to kill one another over it.  We'll give 'em Barry's billions - unless the House has the guts to deny the funding.  They know damned well that the vast majority of any money we give them for "development" will only develop the bosses wallets - some of which will come back to our bosses under the table to fatten THEIR wallets!  In the final analysis the system is called out and out theft.  Read 'em and weep or live and learn.  Pissed off ain't gettin' it.  Determined assault on the liars just might?



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