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Posts Tagged ‘Economy’

Fear Not America! Obama Unveils The Second Part Of His Economic Plan.

by Flyovercountry ( 392 Comments › )
Filed under Barack Obama, Democratic Party, Economy at June 18th, 2011 - 12:00 pm

Well, we’ve beaten the green economy myth into the ground, and while it deserves much more derision, and probably will receive it up until the 2012 election, President Obama has graciously provided me with another example of his complete ignorance of economics with which to laugh at heartily.  It would seem that our President, a man who has never held a private sector position which carried the equivalent responsibility as lemonade stand assistant, has found the root of our economic ills.  No silly, it is not overbearing regulation.  It is not the disastrous effects of the beliefs of Maynard Keynes, (Keynesian theory for those who insist on confusing this with Kenya or Kenyan,) put into action.  It is not massively fraudulent abuse of a vague flexibility in interpretation of aforementioned regulation resulting in bureaucrats being able to pick winners and losers based on bribery or political connections.  It is not the devaluation of our currency in line with a plethora of third world tin pot dictatorships through the euphemistically named Quantitative Easing I,II, or III.  It is not with the Socialization with 18% of our national economy with constant threat to nationalize even more.  It is not even the complete shut down of our capacity to produce energy sufficient to match even a fraction of our energy needs.  Our economic problems according to our President, wait for it……………

It is the scourge of ATM’s.  Huh?  Yes you’ve read that correctly, it is ATM’s and similar technologies which have allowed some businesses to automate repetitious and thoughtless activity, in order to provide a more economical and affordable product to their communities.

At one time in America,  farming was accomplished by individuals being forced to guide plows behind Oxen in order to be able to hand plant each and every seed.  41% percent of America’s work force at one time worked on farms.  By automating much of that work, America was able to get to the business of producing other stuff, like giant steel buildings, cars, etc.  The automation of farms, did not create unemployment long term, it was an innovation which helped create unprecedented wealth, and at the same time allowed us to actually feed much of the remainder of the world, while simultaneously allowing us to foolishly pay those same farmers to not grow food on 17% of their land.  Indeed, ATM even existed during the Administrations of several other Presidents, all of whom refrained from blaming them or even thinking of them while being President.  ATM’s were around when Carter was President, and while unemployment was a major problem for Carter, that I would blame more on the fact that Carter’s policies mirror exactly those being enacted today by Obama.  Reagan had the horrible machines to contend with, and wow, our economy did great as a result of his policies.  Bush, Clinton, and Bush all had ATM’s around while President, yet not a single news report of grandma being thrown off a cliff because of an errant ATM caused panic.

Of course that really only scratches the surface of Obama’s idiocy on this point.  I went into my bank the other day and was helped by, you guessed it, a bank teller.  To top that off, one of the tellers, who by the way did not lose her job to automation, was actually responsible for tending to the ATM.  This made me think, what about the ATM’s which are not attached to banks.  These machines are literally all over the place.  They are serviced by people, must be built, repaired, replenished, etc., all by people who previously did not work for the bank.  The machines actually created jobs, and indeed a whole industry.  How may people work for Diebold, or one of Diebold’s competitors?  I would be willing to bet that the ATM technology is responsible for far more job creation than job loss.  Not only through the intangible effects of a vastly improved usage of scarce resources, but also through the visible numbers of employees working in the banking industry as a whole.

That an American President would say something this outlandishly stupid would be funny in and of itself.  (I can’t help but remember the quotes attributed to George Bush, Dan Quayle, Sarah Palin, which were both often times misleading or out rightly fabricated.)  It is something else beyond funny though.  It is scary to know that this man is charged with the single most important job in the country during a time of economic crisis.  We will always need our President to not be a moron when it comes to the economy, but now, that need is more crucial than at other times.  Barack Obama is the least qualified person in any room he enters.  There is no kind or diplomatic way to say it anymore.  According to Obama’s economic metric, innovation, something Americans have always prided themselves on is now a bad thing.  The phrase I laughed until I cried has taken on a new meaning.

Crossposted at Musings of a Mad Conservative.

UPDATE: President Obama deserves this, on no uncertain terms. I am not sure who MRC T.V. is, but what a hoot. At least they showed some folks who refused to sign the petition as well. My faith in the intelligence of my fellow citizens has been restored somewhat. Then there are the brain dead boobs who signed the petition with nary a clue as to the fact that something this stupid must be a gag. These would be the Obama voters in the crowd.

Together We Can Stop Environmental Pressure Groups from Killing Jobs and Prosperity!

by 1389AD ( No Comments › )
Filed under Economy, Environmentalism, Headlines, Misery Index, Regulation, unemployment at June 17th, 2011 - 3:36 pm

Animated green mailbox
From the 1389 Blog Mailbox:

From: Beth Shaw beth@resourcefulearthnews.org
Sent: Fri, June 17, 2011 4:26:51 AM
Subject: Together we Can Stop Environmental Pressure Groups from Killing Jobs and Prosperity!

Taking on the powerful Green movement is no small task. The Environmentalists are well-funded, have power and influence with the current Administration and their supporters can be fanatical when it comes to their opposition to harvesting the abundant resources within the United States.

Yes, we all want pristine landscapes, plush forests and clean, clear streams. But we also see that the increasing costs of gas, oil and electricity is breaking the back of the middle class. We all understand the need to be responsible in the manner in which we retrieve the natural resources that we have in abundance in the United States, understanding that our modern life-style requires the use of those resources if we are to survive. We can have the use of those resources without damaging our beautiful Earth!

Unfortunately, we are being prevented from harvesting these resources through the abuse of regulations by ‘green’ activists groups like ‘Stop the Drill’ and ‘No Dirty Gold’.

Oddly, the environmental concerns and activism of these groups seems to stop at the borders of the United States while other countries are given funds to mine and drill as well as promises the minerals they retrieve from the Earth will be bought by the citizens of the United States.

The Environmentalists have by-passed any semblance of commonsense in order to promote their causes costing Americans jobs and prosperity.

What can we do??

Resourceful Earth logo

Resourceful Earth is launching on Friday in Minneapolis at the fourth annual Right Online conference.

You can help by signing this petition. Follow Resourceful Earth News on Twitter and Facebook and use your blogs as part of this grassroots movement to put a stop to the abuse of government regulations that are killing jobs and leaving us dependent on foreign resources for our energy. It’s up to us! Join us and help us restore American independence!

Competitive Enterprise Institute logo

Washington, DC, June 17, 2011 – The Competitive Enterprise Institute’s Center for Energy and Environment this week launches Resourceful Earth, a new project that will oppose political barriers to natural resource production. Resourceful Earth will take on campaigns by well-funded environmental pressure groups that abuse federal and state regulations and pursue endless lawsuits to block or hinder hardrock mines, coal mines, oil and gas drilling, timber production, farming, and ranching.

CEI’s new grassroots activist website, ResourcefulEarth.org, will educate and empower Americans to promote access to natural resources and oppose special interests that abuse the regulatory process to block new projects. The first two campaigns targeted by Resourceful Earth will be Earthworks’ No Dirty Gold, which opposes gold mining, and Oceana’s Stop the Drill, which opposes offshore oil.

Read more ……

Let me know if you are including an article on your blog so we can promote your blog post!

Thank you so much!

Beth Shaw
Resourceful Earth News
beth@resourcefulearthnews.org


The Green Fairy Poised To Strike Again, Look For National Rolling Blackouts In 2014.

by Flyovercountry ( 97 Comments › )
Filed under Barack Obama, Economy, Environmentalism, government, Politics, Progressives at June 14th, 2011 - 2:00 pm


I should have qualified the headline, look for those blackouts if we fail to act before then. The action needed is simple and easy. All we need to do is ignore the lunacy of the green crowd, and reverse the damage we have inflicted upon ourselves by being suckered into this global warming, (which has now turned to global climate change,) hoax. A little background for those of you who do not know what I am talking about.

Here is an article detailing the effects of the unreported Obama regulations are about to have on our electricity supply. 

Consumers could see their electricity bills jump an estimated 40 to 60 percent in the next few years.

The reason: Pending environmental regulations will make coal-fired generating plants, which produce about half the nation’s electricity, more expensive to operate. Many are expected to be shuttered.
American Electric Power, one of the country’s largest coal-burning electricity generators, said Thursday it will retire nearly a quarter of its coal-fueled generating capacity and that it will spend up to $8 billion to retrofit remaining units to meet regulations that start taking effect in 2014. Those moves will have an impact.

During the National Debate leading up to the Presidential Election of 2008, this topic came up a lot.  Politicians are very adept at making the impossible sound possible.  The whole green economy is one of those instances.  This is the reason for comparing the Obama Administration to a fairy.  A major difference between the Bamster and other lying politicians is that this particular lie, while being much more damaging than most, is also the centerpiece of his economic agenda.  Let that sink in for a moment , and then we’ll continue.

Why is it impossible?  I am glad you’ve asked that question.  What do we have to replace fossil fuels?  I would agree that we should be searching for more efficient and any source of energy possible.  I just  happen to believe that the free market does that better and quicker than a central government planner is able to.  The government subsidizes 49 times the cost per kilowatt hour for wind and solar energy produced than that of what we pay for coal produced electricity.  Simply because you and I do not pay these costs directly to the electric companies does not mean that we do not pay them.  Since the government does not produce its own wealth, it merely confiscates whatever it spends from us, we pay for it through taxation, or in the form of debt for future generations.  That cost of course is on top of what the electric producers will still decide to charge for their energy.  Even with this subsidy, wind, solar, and hydro-electric still produce about 2% of our electricity needs.  When the fossil fuel burning plants shut down, what will we do then?

When the price goes up, and the brain trust in the executive branch enact the price controls to quell the crowd of angry citizens mad about the increased percentage of their paycheck now needed to keep their refrigerators, light bulbs, air conditioning, heating, stereo systems, Internet, T.V.’s, Nintendo, etc. we will pay for our foolishness in another way.  Rolling blackouts, and artificial shortages will be the new norm.  For those of you too young to remember the gas lines of the 70’s, I will have a more recent example later on in the paragraph.  During the 70’s, when we allowed our President, Jimmy Carter, to project American weakness as our foreign policy agenda’s main plank, we were faced with a major shortage in the amount of gasoline oil companies were able to supply to local gas stations.  Jimmy Carter pushed something called the Windfall Profits Tax, which served as a form of price control.  The result of course, without getting too wonkish about the economics, was long lines and rationing for gasoline purchase across the country.  The lines in some cities were miles long.  A rationing system was established in several states whereby the last digit on a license plate dictated which days during the week drivers were permitted to purchase gasoline.  The more recent example, California in 2002.  This whole green energy fiasco was attempted in the People’s Republik of Kalifornia.  Governor Gray Davis promised Kalifornians that their energy prices would not increase, so he established price controls.  He ignored the economic heavy weights at the Hoover Institution and pretended instead that the law of supply and demand did not exist.  The result of course was an entire year in which the State Government of Kalifornia and the public utilities czars turned off the power to the entire state, in sections which rolled for hours at a time.  Every home in Kalifornia had about 3 hours per day without electricity.  Kalifornia was reduced to being part of the third world. 

Last week, President Obama gave a speech to auto workers who build Suv’s.  He told them of a brave new world where they would have great opportunities building hybrid vehicles which the government has had no luck at selling so far.  (Indeed, only 2184 have actually been sold to date.)  He told of his plan to sell these vehicles by punishing economically, anybody who would dare to consider the old and reliably efficient gasoline versions of this mode of transportation.  He told them tales of other business related to their work at the factory which had been saved and would continue to be saved by his unpopular auto industry bailout, including a restaurant which shut down literally days after his visit after 90 years of operation.  (The restaurant was called Chet’s for those of you who wish to fact check.)  less than a week after his speech, Obama sold the government’s stake in Chrysler for $560 Million.  This was far less than what we taxpayers paid for the auto company we did not wish to buy in the first place.  Where do I turn to to declare my capital loss on this year’s 1040?  For that matter, why did I not get the opportunity to vote on the sale in a proxy vote, as something this important would definitely be mandated under the corporate bylaws?  To put the sale of Chrysler in perspective we’ll try this.  $560 Million is roughly the amount new debt added by the Obama Administration in 3 hours time.  In the 3 hours it took President Obama to travel to Toledo to lie his tuchus off to the people who build the unappreciated Jeep Wranglers coming off of that line, Obama had blown through the proceeds of the stock no one gave him permission to buy or sell. 

Next question, when we are no longer able to purchase electricity, either due to the enormous prices, or due to the rolling blackouts, and grid shortages, how will we be able to drive those nifty and enormously expensive green cars anywhere?  A lot of us had been predicting these results at the top of our lungs prior to November of 2008.  All we got in response was the bleary eyed hopety change rhetoric.  Obama’s only miscalculation concerning his destruction of the American Economy so far is the speed with which his agenda has had its inevitable results.  I personally believe that the ravages of his agenda would not be experienced prior to his reelection bid in 2012.  What I find most troubling is America’s refusal to reference history.  These initiatives and policies are nothing new.  We saw this movie before, and it is playing out exactly the same way.  We are running Jimmy Carter’s playbook again, and we are reaping Jimmy Carter’s results again.  We simply can not afford 4 more years of Barack Obama.  We need to not only stop this lunacy, but to actually reverse the damage.

Crosposted at Musings of a Mad Conservative.

Common Sense on US Federal Debt Limits

by 1389AD ( 134 Comments › )
Filed under Barack Obama, Economy, Elections 2010 at June 6th, 2011 - 8:30 am

Congressman Allen West (R-FL-22)

Congressman West Statement on the Debt Ceiling Vote

(WASHINGTON)– Congressman Allen West (FL-22) released this statement tonight after he voted “no” on H.R. 1954 to implement the President’s request to increase the statutory limit on the public debt:

“Tonight I did what I stated I would do when I ran for the House of Representatives. I voted against increasing a debt ceiling absent of spending control measures to right our fiscal ship of state.

Over the past two years, President Obama and Congressional Democrats have overseen the largest budget deficits in the history of the United States. Senate Majority Leader Harry Reid chastised the Republicans and President George W. Bush in 2006 when he stated, ‘Most Americans know that increasing the debt is the last thing we should be doing…any credible economist would tell you we should be reducing debt, not increasing it.’

When the United States Congress was faced with raising the debt ceiling in 2006 Senator Barack Obama stated, ‘The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.’

I stated tonight that I will not vote for this debt increase unless all of the following criteria are met or included in the final bill that would aim to raise the debt limit:

• The United States Congress must pass a Balanced Budget Amendment to the Constitution of the United States.

• A failsafe trigger mechanism must be put in place that would automatically cut spending if we reach a set percentage limit towards hitting the debt ceiling.

• Federal spending as part of the GDP must be capped at 18-20%.

• Congress must lower the corporate tax rate for American businesses by at least 10% before any vote on raising the debt limit is considered.

The American people sent a Republican Majority to the House of Representatives to reduce spending and put our country on a sustainable financial footing. If I were to close my eyes, abandon my principles, and vote yes to raising the debt limit, Congress would continue to spend the taxpayers’ money without a clear plan to reduce our long term debt. We do not have a revenue problem in Washington – the facts are clear – we have a spending problem.”

* Attached here is the entire Statement for the Congressional Record.