Actually Obama is not inept, he is really very good at what he does which is destroying America.
America is going bust by design, jobs are not being created by design, prices are rising by design…Obama is a one man wrecking ball being swung by the ‘ruling class’ builders of the new world order!
WASHINGTON (Reuters) - The Obama administration on Wednesday rejected the Keystone crude oil pipeline project, a decision welcomed by environmental groups but blasted by the domestic energy industry.
U.S. President Barack Obama said TransCanada's application for the 1,700-mile (2,740-km) pipeline was denied because the State Department did not have enough time to complete the review process.
"This announcement is not a judgment on the merits of the pipeline, but the arbitrary nature of a deadline that prevented the State Department from gathering the information necessary to approve the project and protect the American people," Obama said in a statement.
With environmental groups concerned about carbon emissions from oil sands production, the administration in November delayed a decision on a presidential permit for the project until 2013.
But lawmakers that support the project attached a measure to a tax-cut law passed at the end of last year that set a February deadline for a decision.
(Additional reporting By Timothy Gardner, Jeffrey Jones, Arshad Mohammed; Writing by Ayesha Rascoe; Editing by David Gregorio and Russell Blinch)