John Ransom

There are many contrasts that the GOP can use to go after Obama on the economy.

None present such a black and white contrast as the dispute about the black, tar-sands crude that Canada would like to ship through the US to refineries on the Gulf via the Keystone XL pipeline.

The State Department gave preliminary approval to build the Keystone pipeline late last summer, saying that it posed no significant environmental risks. But like a lot of things with this administration, it was a case of the left hand not knowing what the left-wing was doing.    

Instead of allowing the project to go through, along with the hundreds of thousands of jobs it would create, Obama sided with whack-job environmentalists who raised bogus fears that oil spills could pollute the aquifer that lies underneath its path.

Ok, he only apparently sided with them.

He actually did what Obama likes to do best when pandering to… whomever. He bravely told the rest of us that for right now he wouldn’t approve the pipeline, but he might change his mind. Oh, and if we try to rush him to make a decision, we’ll all be very, very sorry  

So Canada’s prime minister has decided to look for a new partner for their oil.

“Harper’s second official trip to the Middle Kingdom comes at an important juncture in Canada-China relations,” writes Canada’s National Post “and will help dictate the Conservative government’s economic and foreign policy with the Asian superpower for years to come. The prime minister is courting China as a customer for Canadian natural resources — insisting it’s in Canada’s national interest to send oil and gas to Asia — and looking to sew stronger economic ties with the world’s fastest-growing economy.”

Never will an Obama administration be accused of shepherding the “world’s fastest-growing economy.”

You wanna grow debt quickly?

Sure they are your guys.

But on the economy?

Turn to the much more reliable capitalists in Communist China. That’s at least the message from Stephen Harper.

The pipeline could ultimately supply about a million barrels of Canadian oil to the US per day and 400,000 US jobs, most of them almost immediately.

But instead, the president, who has been railing against Congress for not passing another expensive jobs bill, and talks about income equality like it’s the most pressing issue of the day, just killed 400,000 American jobs that would battle income inequality in the most productive sense by providing ordinary Americans with the opportunity to earn some income.  


John Ransom

John Ransom is the Finance Editor for Townhall Finance.
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