(INVESTORS) — Carter Redux: While President Obama talks about how forward-looking he is when it comes to the nation’s energy, almost everything he’s proposing is just a retread of Jimmy Carter’s failed policies from the 1970s.
In the face of historic gasoline prices and an increasingly agitated public, Obama has taken to lambasting Republicans. They’re members of the Flat Earth Society, he says, and display "a lack of imagination, a belief that you can’t do something in a new way."
But the only thing imaginative about Obama’s energy plans is how he’s managed to recycle most of them from Jimmy Carter’s playbook without anyone noticing. And we all know how well Carter’s plan worked out.