From Casey Research, ...
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Does anybody remember the reason given for the establishment of the Department of Energy.... during the Carter Administration?
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Anybody? No?
Didn't think so! Ready??
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It was very simple... and at the time, everybody thought it very appropriate.
The Department of Energy was instituted on 8-04-1977… to lessen our dependence on foreign oil.
Hey, pretty efficient, huh???
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And now it’s 2009 – 32 years later – and the budget for this “necessary†department stands at $24.2 billion a year. They have 16,000 federal employees and approximately 100,000 contract employees. And look at the job they have done!
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Good ole bureaucracy.
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And now we are going to turn the banking system, healthcare, and the auto industry over to the same government?
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Hellooo! Anybody home?
