Subsidy Two-Step

Today, President Obama went to Mount Holly, North Carolina to continue his push for alternative-fueled vehicles.  He declared “we are making progress” and pledged new support, including for the natural gas vehicle (ngv) industry:

We will help you cut the red tape and build fuelling stations nearby. And we will offer tax breaks to families that buy these cars, and companies that buy alternative fuel trucks like the ones made here at Mount Holly.

Moments after the speech, the Republican National Committee emailed to characterize the speech as the President “doubling down on failure.”  RNC Chairman Reince Priebus told the Washington Post, “There is no reason to believe that today’s promises will be any different and is just another reason why North Carolinians can’t afford a second term of Barack Obama.”

Interestingly, the United States Senate appears more than willing to carry President Obama’s water on green energy subsidies.  Politico’s AE reported this afternoon that the Senate is “close” to agreeing on a set of amendments to the highway bill, which would include “Harry Reid’s T. Boone Pickens’ NAT GAS Act.”

Now is not the time to pursue failed policies; it the time to paint in bold, bright colors and get the government out of the business of picking winners and losers.

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