IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Dems' Dereliction
Energy Policy: Imagine an energy plan that does it all — from allowing more oil drilling to spending billions on alternative energy sources such as wind, solar and nuclear. Well, guess what? Been there, done that.
'Energy has enormous implications for our economy, our environment and our national security," President Bush said in proposing the plan. "We cannot let another year go by without addressing these issues together in a comprehensive and balanced package."
That was in June 2001 — more than seven years ago.
His words came just after he first proposed a comprehensive energy bill that included 105 separate steps the U.S. could take to boost its energy supplies. It was something he promised repeatedly while campaigning for the presidency in 2000. He kept his promise. His first plan included, among many other things:
• New drilling for more oil and gas and new refineries.
• Building of nuclear power plants.
• Revamping the U.S. electricity grid.
• $10 billion in tax breaks to help push energy efficiency and alternative energy.
The fact is, these are remarkably similar to the plans that economists, oil experts and energy wonks say need to be put in place today in order to end our oil crisis.
Yet, those proposals went nowhere — not approved in 2001, not in 2002, not in 2003, not ever. Bush tried repeatedly to get something through Congress. He pleaded. He tried to cut deals with Democrats. It didn't work.
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