Under President Obama, CO2 hysteria would be a cornerstone of US policy

Obama speaks in Michigan

We meet at a moment when this country is facing a set of challenges greater than any we’ve seen in generations. Right now, our brave men and women in uniform are fighting two different wars while terrorists plot their next attack. Our changing climate is placing our planet in peril. Our economy is in turmoil and our families are struggling with rising costs and falling incomes; with lost jobs and lost homes and lost faith in the American Dream. And for too long, our leaders in Washington have been unwilling or unable to do anything about it.

That is why this election could be the most important of our lifetime. When it comes to our economy, our security, and the very future of our planet, the choices we make in November and over the next few years will shape the next decade, if not the century. And central to all of these major challenges is the question of what we will do about our addiction to foreign oil.

Without a doubt, this addiction is one of the most dangerous and urgent threats this nation has ever faced – from the gas prices that are wiping out your paychecks and straining businesses to the jobs that are disappearing from this state; from the instability and terror bred in the Middle East to the rising oceans and record drought and spreading famine that could engulf our planet.

It’s also a threat that goes to the very heart of who we are as a nation, and who we will be. Will we be the generation that leaves our children a planet in decline, or a world that is clean, and safe, and thriving? Will we allow ourselves to be held hostage to the whims of tyrants and dictators who control the world’s oil wells? Or will we control our own energy and our own destiny? Will America watch as the clean energy jobs and industries of the future flourish in countries like Spain, Japan, or Germany? Or will we create them here, in the greatest country on Earth, with the most talented, productive workers in the world?
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Back then, we imported about a third of our oil. Now, we import more than half. Back then, global warming was the theory of a few scientists. Now, it is a fact that is melting our glaciers and setting off dangerous weather patterns as we speak.
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I believe we should immediately give every working family in America a $1,000 energy rebate, and we should pay for it with part of the record profits that the oil companies are making right now.
... As your wonderful Governor has said, “Any time you pick up a newspaper and see the terms ‘climate change’ or ‘global warming,’ just think: ‘jobs for Michigan.’” You are seeing the potential already. Already, there are 50,000 jobs in your clean energy sector and 300 companies. But now is the time to accelerate that growth, both here and across the nation.

If I am President, I will immediately direct the full resources of the federal government and the full energy of the private sector to a single, overarching goal – in ten years, we will eliminate the need for oil from the entire Middle East and Venezuela. To do this, we will invest $150 billion over the next ten years and leverage billions more in private capital to build a new energy economy that harnesses American energy and creates five million new American jobs.
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Senator McCain would not take the steps or achieve the goals that I outlined today. His plan invests very little in renewable sources of energy and he’s opposed helping the auto industry re-tool. Like George Bush and Dick Cheney before him, he sees more drilling as the answer to all of our energy problems, and like them, he’s found a receptive audience in the very same oil companies that have blocked our progress for so long. In fact, he raised more than one million dollars from big oil just last month, most of which came after he announced his plan for offshore drilling in a room full of cheering oil executives. His initial reaction to the bipartisan energy compromise was to reject it because it took away tax breaks for oil companies. And even though he doesn’t want to spend much on renewable energy, he’s actually proposed giving $4 billion more in tax breaks to the biggest oil companies in America – including $1.2 billion to Exxon-Mobil.
... We can watch other countries create the industries and the jobs that will fuel our future, and leave our children a planet that grows more dangerous and unlivable by the day...