President Obama Friday pressed Congress to spend $2 billion on his dream to eliminate hundreds of thousands, perhaps millions, of jobs in the petroleum industry. However, he acknowledged that federal research on such job-killing will cost much more, and unfortunately, many oil industry workers could remain employed for years to come.
“In a down economy like this,” Obama said, “it’s difficult to get enough funding to kill as many jobs as we would like. But $2 billion is a start, and is sure to move many people out of the filthy petroleum business and onto the government entitlement payroll where they won’t do near as much to contribute to global climate change.”
The president said years of federal funding on job-killing research has “led us to the precipice of a major breakthrough that would rapidly eliminate entire industries that have created America’s embarrassing prosperity.”
An unnamed spokesman for the Office of Management and Budget explained that the president’s plan pays for eliminating jobs in the petroleum industry through federal oil and gas leases on off-shore drilling, “so it’s important that the industry remain vibrant until it’s completely gone.”