On October 25, 2011, Pres. Obama spoke at a fundraiser (video):
"We have lost our ambition, our imagination, and our willingness to do the things that built the Golden Gate Bridge..."As if to confirm Obama's lack of ambition and imagination, his adminstration today announced that it will yet again punt on the decision to build the Keystone pipeline. Reuters reports:
The Obama administration plans to announce on Thursday it will explore a new route for a Canada-to-Texas oil pipeline, delaying a final approval beyond the 2012 U.S. election, sources briefed on the matter said.This leaves investors and workers still guessing. Should investors continue tie up time, effort, and capital in this project or should they move on to something else? Should workers leave the pipeline area to move to places with better job prospects? If Obama has an economic strategy seems to be to maximize uncertainty and confusion. He wouldn't do that if he cared about jobs. He would make a decision, one way or the other.