The job-creating Keystone XL pipeline isn’t going to happen, thanks to President Barack Obama. He intends to use a provision in the law extending the payroll tax cut for two months to block the building of the pipeline. His apparent disdain for free-market capitalism and private-sector job creation is discouraging, to say the least.

The Keystone XL pipeline would have been a 1,700-mile pipeline transporting Canadian tar sands oil to Texas refineries for domestic use and export. Tens of thousands of jobs for Americans in six U.S. states were expected to be created as part of this project. The pipeline would have aided in reducing dependence on Middle Eastern oil, provided more oil for U.S. refineries and accelerated free trade with Canada. But President Obama seems to be too busy pandering for green voters to worry about reducing unemployment.

Continue reading on