Obama targets 'Big Oil' to fund ever more executive waste!

I had the great misfortune to reside in the USA during the dark years of Jimmy Carter's Presidency. Some thoughtful Americans survived those years of complete policy ineptitude by consoling themselves with the thought that the entire process was a necessary act of healing to finally put to rest the ghosts of the civil war by enduring the leadership  of an incompetent President from the former confederacy.

In President Obama, I imagine the same conclusion will eventually be drawn in respect of the ghosts from the era of slavery. In hitting the oil industry to fund yet more wasteful government spending in the face of the trillions of debt already run up, the unsolved housing crisis and the ridiculous socialised medecine scheme similar to that already aiding in the bankruptcy of Britain, however almost beggars belief. Especially as the certain end result will be an  increase in imported energy dependency. Following the abhorrent political victimisation of BP by Obama and his team, BP will be deploying their deep water drilling expertise for the benefit of Russia in the years ahead, yet no lesson has been learned.

The sympathetic reporting on the US President's State of the Union speech may be read in Britain in The Guardian, this morning, linked here.