from ace of spades: Obama, 2008: I Expect Americans To Share In the Sacrifice By Accepting Higher Energy Prices, Caused By My “Investments,” “Until Technology Catches Up”
That would be the various boondoggle-tech he’s “invested” your tax-dollars in. When those garbage pits of malfeasance start paying off, we’ll be able to pay a little less. He claims.
Until then, though: He tells an audience they’ll have to get used to paying more for energy.
This is in direct response to a student asking him what sacrifices he expects the nation to bear, by the way.
Well, he did warn us, didn’t he?
Of course now, all of his flunkies and flacks are claiming he never intended anything like what he promised us would happen.
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.
posted at 1:55 pm on March 13, 2012 by Ed Morrissey
Isn’t it amazing what a couple of bad polls can produce? In 2008, then-incoming-Energy Secretary Steven Chu told the Wall Street Journal that American energy policy should be calibrated to drive the cost of gasoline to the same level as Europe in order to produce more demand for alternative energy production:
Mr. Obama plans soon to introduce his energy and environment team, which will include Nobel Prize-winning physicist Steven Chu as energy secretary and former Environmental Protection Agency Administrator Carol Browner as White House energy adviser. …
In a sign of one major internal difference, Mr. Chu has called for gradually ramping up gasoline taxes over 15 years to coax consumers into buying more-efficient cars and living in neighborhoods closer to work.
“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,” Mr. Chu, who directs the Lawrence Berkeley National Laboratory in California, said in an interview with The Wall Street Journal in September.
Almost four years later, with Barack Obama beginning to see his polling slip on rapidly-rising gas prices and the compounded pain it causes working- and middle-class families, Chu finally walked back that statement in testimony to Congress today:
Energy Secretary Steven Chu on Tuesday retracted his now-infamous quote from 2008: “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”
“I no longer share that view,” Chu said in response to questioning from Sen. Mike Lee, R-Utah, at aSenate Energy and Natural Resources Committee hearing on another topic related to DOE’s loan-guarantee program.
Not that he sounded convincing:
Chu seemed to equivocate, pause, and stumble over his words when responding to Lee’s question about high gas prices. Other comments Chu made at another hearing late last month put him in hot water on gas prices. Politico reported on Feb. 28 that Chu told a House committee he was not working to lower gasoline prices but to wean the United States off oil. That story has since been corrected to clarify that DOE is working to both lower gas prices and wean the country off oil. But that was only after the story was picked up by Republicans and used against the administration.
The Hill picks up on another part of his testimony that raises questions about his sincerity:
But Chu declined to say whether he regretted making the 2008 comments.
“Let me not comment on that,” he said.
dont forget obama also warned us he wanted to drive the coal industry out of business too, and they have started forcing the coal powered electric plants down