After successfully bringing more than 30% of the U.S. economy — the health care and financial services industries — under political control during his first term, President Obama made it clear last week that a priority of his second term is to go after the energy sector — another 10.5%.
The purpose of the White House’s orchestrated release of the National Climate Assessment on May 7 was to set the stage to drive energy markets and fossil fuels under the heel of more government regulation.
Obama commands the Regulatory State, which may be the most powerful of all on the domestic front. And Congress will never do much to rein it in, because both factions of the Ruling Party find the Regulatory State far too useful in guaranteeing their own ruling positions.
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