Energy Secretary Chu Embraces High Gas Prices, Again
This weekend, Energy Secretary Steven Chu appeared on Fox News Sunday and host Chris Wallace asked him about his desire in 2008 for Americans to punitively pay more at the pump in order to wean them off of gasoline. Shockingly, Chu did not walk back his comments as he has attempted to do in the past. In fact, he embraced the strategy noting that his focus is to ease the pain felt by his energy policies by forcing automakers to make more fuel-efficient automobiles.
Simply telling Americans there is nothing to do but sell your car and buy an expensive new one, while cutting off domestic supply and purposefully making gasoline more expensive is a dangerous and reckless policy amidst a struggling economic recovery. We can only hope President Obama abandons this strategy and recognizes the economic pain Americans are feeling now, in the present. A jobless recovery may continue until Secretary Chu’s roadblocks are removed.