Obama Rejects Government Wealth Confiscation... In Africa

Barack Obama, July 11, 2009:
[Obama] delivered a strong and at times even stern message in words that, had they come from any of his predecessors, might not have been receivedthe same way. Instead, it was cast by the White House as hard truths from a loving cousin who could say what no one else could. "No country is going to create wealth if its leaders exploit the economy to enrich themselves, or police can be bought off by drug traffickers," he said. "No business wants to invest in a place where the government skims 20 percent off the top, or the head of the port authority is corrupt. No person wants to live in a society where the rule of law gives way to the rule of brutality and bribery. That is not democracy, that is tyranny, and now is the time for it to end."
Pihl Kerpen, March 10, 2009:
Cap-and-trade is a way to impose a massive energy tax and pretend it's not a tax. It puts a cap on overall greenhouse gas emissions, and establishes a market for companies to buy and sell the permits. In Obama's version, the permits would all be auctioned off and the hundreds of billions of dollars would be used to fund higher government spending... An analysis... projected the economic impact of last year's bill by 2030: 3 to 4 million fewer jobs, $4,022 to $6,752 in lower annual disposable income per household, an annual hit to GDP of between $631 billion and $669 billion, and much higher energy prices -- 60 percent to 144 percent higher for gasoline and 77 percent to 129 percent higher for electricity.
In fairness to Obama, the administration's been very honest about how they're going to make energy prices skyrocket. So you can't really call this a contradiction (h/t: MR reader PS).
References:
* Obama Delivers Call for Change to a Rapt Africa [NYT]
* Cap-and-Trade = The Biggest Tax Increase In U.S. History [Kerpen]
* Rham Emanuel: You Know What The US Needs? Higher Energy Prices. [MR]
Previously:
* Obama In 2001: "Coalitions Of Power" Need To Be Formed To Redistribute Wealth, Warren Court Neglected "Economic Justice"
* Great News: Global Economy In Full Meltdown, Obama Transition Team Panicking
* Awesome: Obama Now Wrecking Israel's Economy Too








