Obama in 2008: Americans need to suck it up and pay more for energy

posted at 9:15 am on March 16, 2012 by Ed Morrissey

Barack Obama has put on his public face of concern over high gas prices. Steven Chu has reversed his 2008 insistence that American gas prices needed to rise to European levels in order to make alternatives more competitive and people more desperate for them. Is any of this sincere? Morgen Richmond of the now-moribund Verum Serum blog found this nugget from Obama himself in May 2008, explaining that Hope and Change meant big change — in energy prices.  When an attendee to this town hall asked Obama what sacrifices he would ask of Americans, Obama leaped at the chance to explain the outcome of his energy policies (via Ace):

I like Ace’s approach to technological development:

I prefer the “Old” approach to emerging technology: We adopt new technology when it is better and cheaper than the old technology, not when it is worse and more expensive, forced to convert over by a government demanding we pay more for less. So we can reap all these speculative benefits in a hypothetical future.

You know what I liked best about the old approach, other than the fact that it worked?  It didn’t require government to place bad bets on companies like Solyndra that wouldn’t have survived otherwise to ruin more capital and resources.  Think about that for a moment: these government interventions cost us money whether we get more energy efficient or not.  And what has it produced?  Nothing of consequence, and nothing that would last once the subsidies that make them artificially competitive now (to the extent they’ve even achieved that status) once the subsidies end.

The old method of allowing capital to produce innovation and consumers to choose winners brought us prosperity and technological advancement.  Obama’s has brought us bankruptcies, soaring debt, and no progress at all.  That’s change, all right.

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Comment pages: 1 2

Been to many TEA party rallies, have you? Or are you merely engaging in rectal speak?

As usual…

JohnGalt23 on May 24, 2013 at 1:46 PM

As I just posted HotairLib has their whole head up their six o clock.

hamradio on May 24, 2013 at 2:43 PM

Who wrote the speech? Or are you just praising the messenger?

mixplix on May 24, 2013 at 2:57 PM

MSNBC consensus: Obama’s speech was historic, amazing, “one of the best of his presidency”

Connect the dots: journolist meeting by invitation only at the White House on, what Tuesday?, “big”speech by Obama on Thursday, lame stream media fawning over speech on Friday. Who would have seen that coming, huh?

parke on May 24, 2013 at 2:58 PM

They need the “war on terror” in order to further erode our Constitutional freedoms and to deflect criticism from the administration’s and Federal government’s ongoing corruption.

They are just trying to massage it so that they don’t offend the Muslims, international Libtards and their own sensibilities anymore than necessary.

A few Muslim terrorists here and there are quite expendable to this Administration despite their sympathies for them. These drone attacks also do much deflect any potential criticism that the Administration is weak in dealing with such matters.

Dr. ZhivBlago on May 24, 2013 at 2:59 PM

MSNBC is nothing but a left wing propaganda machine serving their master, Obama.

rplat on May 24, 2013 at 3:07 PM

Nobel Peace Prize that he totally earned a mere nine months into his presidency? Yeah, that one.

I believe that he was officially nominated 10 days after he was sworn in. Wow! The WON really worked long hours that week and a half to earn that POS medal. During those ten days he ordered NO DRONE STRIKES to keep his peaceful record clean.

fred5678 on May 24, 2013 at 3:22 PM

Obama: Don’t worry about that Ben Ghazi guy. I killed Bin Laden, and Bush didn’t!

And Obummer still wants to close Gitmo? Good luck with that–not even Upchuck Schumer was willing to hold trials in New York!

Steve Z on May 24, 2013 at 3:24 PM

They need the “war on terror” in order to further erode our Constitutional freedoms and to deflect criticism from the administration’s and Federal government’s ongoing corruption.

They just changed the definition of terrorist. They used to be jihadis from the Middle East–now they’re Minutemen in Arizona and Tea Partiers in Ohio.

Steve Z on May 24, 2013 at 3:29 PM

…bromides about what we’re told are President Foreign Policy’s miraculous yet still oddly unmaterialized abilities to move us drastically closer to world peace.

Erika, sometimes your writing shows signs of rivaling even the Master of Snark himself, Allahpundit. Good work!

KS Rex on May 24, 2013 at 3:45 PM

I love how crazy Al invoked the Nobel Peace Prize in praise of a speech that spoke about dropping bombs on people’s head. Maybe it was the “fewer” bombs than before that raised this to historic levels.

Do they even know or care that they are morons.

marnes on May 24, 2013 at 3:46 PM

His speech made less sense than Bluto’s Animal House Speech and was far less entertaining. Nothing less than base rallying time. Never thought I would say this, but Code Pink was the best part.

DDay on May 24, 2013 at 4:01 PM

Sperling posted this at the Examiner on May 23 about this “historic speech of Obysmal’s:

During his foreign policy speech Thursday afternoon, President Obama warned that domestic terrorism would increase in the modern age of the Internet.

“[T]his threat is not new,” Obama said. “But technology and the Internet increase its frequency and lethality.”

Obama warned Americans that materials on the Internet could influence people to commit terrorist acts.

“Today, a person can consume hateful propaganda, commit themselves to a violent agenda and learn how to kill without leaving their home,” he said.

To combat domestic terrorism, Obama reminded Americans that it was important to reach out to Muslim communities.

“The best way to prevent violent extremism is to work with the Muslim American community — which has consistently rejected terrorism — to identify signs of radicalization and partner with law enforcement when an individual is drifting towards violence,” he said. “And these partnerships can only work when we recognize that Muslims are a fundamental part of the American family.”

You see, we are just not working hard enough to “work with the Muslim American community” who are a “fundamental part of the American family.” Watch out, too, because Obysmal is again trying to limit the impact of the Internet.

onlineanalyst on May 24, 2013 at 4:22 PM

That Chris Hayes is a bit of a twink, isn’t he?

onlineanalyst on May 24, 2013 at 4:25 PM

Obama apparently gave two speeches yesterday and I watched the other one.

myiq2xu on May 24, 2013 at 5:03 PM

Didn’t take you that long to inject the man’s race into this didn’t it? And you wonder why blacks will never accept you tea billies hate the man simply because he’s a black man occupying the “people’s” house.

HotAirLib on May 24, 2013 at 1:00 PM

Nah. I’d detest the little pissant s.o.b. if he was white…or Asian…or any one of the myriad of made-up racial divisions.

Solaratov on May 24, 2013 at 11:00 PM

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