In his weekly radio address, speaking on fast rising gas prices, Obama said:
“Whenever gas prices shoot up, like clockwork, you see politicians racing to the cameras, waving three-point plans for two dollar gas.”
Literally in the next paragraph, he offered up his 4-point plan.
- Safe and responsible production of oil at home
- Rooting out cases of fraud or manipulation in the oil markets
- Ending the subsidies given to oil and gas companies
- Investing in tomorrow’s clean, renewable energy sources: hybrids and electric cars
Whew!
Finally a game-changing 4-point plan … albeit with a couple of holes:
- Domestic production … Obama has capitalized on the BP blowout to stop practically all new US domestic oil production
- Fraud & abuse … just like the fraud & abuse being rooted out of the healthcare system. I’ll take the under bet.
- Oil company subsidies … strip the oil companies of subsidies and they’ll lower prices at the pump … hmmm, so that’s how business works
- Electric cars … birth to date, about 1,000 Chevy Volts have been sold. Not exactly the iPad adoption rate.
Ken’s Plan: Start drilling, release strategic reserves and, most important, stop devaluing the dollar.
The Homa Files 
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