REP. CLIFF STEARNS, R-Fla.: Last September you made a statement that somehow we have to figure out how to boost the price of gasoline to the levels in Europe, which at the time exceeded $8 a gallon. As Secretary of Energy, will you speak for or against any measures that would raise the price of gasoline?

SEC. CHU: As Secretary of Energy, I think especially now in today’s economic climate it would be completely unwise to want to increase the price of gasoline. And so we are looking forward to reducing the price of transportation in the American family. And this is done by encouraging fuel-efficient cars; this is done by developing alternative forms of fuel like biofuels that can lead to a separate source, an independent source of transportation fuel.

REP. STEARNS: But you can’t honestly believe that you want the American people to pay for gasoline at the prices, the level in Europe?

SEC. CHU: No, we don’t.

REP. STEARNS: No. But somehow, your statement, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,” doesn’t that sound a little bit silly in retrospect for you to say that?

SEC. CHU: Yes.

The Wolf wonders why the media had nothing to say about Secretary Chu’s incredible position that the government should raise the cost of gasoline to $8 per gallon when he was confirmed as Obama’s Energy Secretary.

The Wolf does not, however, wonder why the Obama administration seems unconcerned by the energy cost hikes that would inevitably result from any carbon credit taxation scheme.

The position of the Democrat Party is that if you can afford your rent and your grocery bills, you are rich enough already. Any asset accumulation beyond what is necessary for subsistence is morally questionable at best. This point of view ignores the virtues of saving money for a rainy day, investing in income-generating assets, or generating enough profit to hire on extra workers and create new jobs.

Do not expect the nation’s debts to decrease, the personal wealth of its citizens to grow, or its economy to gain jobs while the Obama administration is in power.

Do expect gasoline to hit $8/gallon; that is part of the administration’s plan to stop you from being a polluter.

Source: Power Line Blog