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Blowhard politics? Odds for America's green energy revolution--about one in a million!


Go ahead...pick a number...any number-- as long as it's over a million.

 

Nowadays-- no matter where you turn-- we're being inundated with an unending parade of politicians, TV-radio spots, news broadcasts, talk show interviews, etc., all trumpeting the same, grandiose promises of the so-called green energy revolution ..."It will create millions of new green energy jobs, and reduce our dependency on foreign oil!"

 

Ho hum (yawn).

 

Whenever any liberal politician talks about our new green-energy economy, it's become de rigueur to "hyperbolate" about the unlimited millions of new jobs at hand, once we switch to renewable energy sources. Examples abound:

 

Barack Obama  promises..."We're going to create 5 million new green energy jobs that cannot be outsourced!" 

 

Governor Ed Rendell of Pennsylvania... "We're going to create hundreds of thousands of new jobs with clean green energy..."

 

Ohio Governor Ted Strickland..."Renewable energy can create millions of new green jobs."

 

Michigan Governor Jennifer Granholm..."A transition to a green economy will create millions of new green jobs and will reduce our dependency on foreign oil."


Henry Waxman of the Energy and Commerce Committee, and Chairman Edward Markey of the Energy and Environment Subcommittee..."Our clean energy legislation will create jobs, help end our dangerous dependence on foreign oil, and combat global warming."

 

U.S. Senator Jeanne Shaheen, in her speech at the New Hampshire Forum on the Future..."Millions of new jobs will be created in alternative energy, and energy efficiency."

 

Senator Barbara Boxer (D-Cal)... "Green energy means green jobs..."President Obama's new auto mileage CAFE standards are one big step toward creating up to five million new green jobs, and will fuel long-term economic development." 

 

Even England's Gordon Brown is jumping on the bandwagon: (quote) "The president and I share the conviction that green technologies will be a major driver of our future economic growth, and we can create millions of green-collar jobs in the world for the future.”

 

Whew...that's mighty impressive-- add 'em up: So far, we've totaled at least 30 million new green energy jobs, have virtually eliminated our dependency on foreign oil, and we're still counting!

 

But before we all go hoarse cheering, who was it that said..."There's a sucker born every minute?"

 

Calling P.T. Barnum; we're being suckered by both the press and these self-serving politicians, who know nothing about science; know nothing about the hard realities of economics, and ignore the fact that less than 4% of U.S energy is currently generated by "renewables."

 

These untold millions of green energy jobs-- that promise to combat atmospheric "climate change"-- are little more than pie in the sky. 

 

EXAMPLE: Our blowhard politicians omit one grossly inconvenient truth: the failure to consider the millions of  jobs LOST due to the massive changes they espouse for the U.S. economy.

  

Legislation requiring a shift from fossil fuels displaces jobs at coal mines, oil fields, refineries, power plants (plus their support industries), and will do little other than sentencing millions of ex energy workers to the unemployment lines.

 

But not to worry-- they'll be replacement jobs aplenty.

 

The green energy revolution will spark a boom in "administrative services"-- huge increases in trial lawyers, government regulators & administrators, not to mention the ballooning staffs the EPA will require to enforce these preposterous measures. 

  

But for now, the political momentum appears unstoppable. A prime example of the green energy mania can be found in the Keystone state-- Pennsylvania:

 

Democratic Gov. Ed Rendell, is raising taxes and spending more than $2 billion on clean, green energy investments; and of course, this includes the standard obligatory promise to create hundreds of thousands of new "green" jobs.

 

Thus far, Rendell's efforts have been an abject failure.

 

His first $1 billion of green energy "investments" created a whopping  3,500 new jobs; a cost to taxpayers of a mere $285,000 per job-- a shining model of efficiency. 

 

Rendell won't be in line for the Nobel Prize in economics anytime soon.

 

And if one were to extrapolate the data  from Pennsylvania, it would cost the federal government more than $1.1 TRILLION to replace the estimated 3-4 million conventional energy jobs, destroyed by a nationwide push to renewables.

 

Aside Pennsylvania, another voice shouting in the wind comes from yet another brilliant democrat, Ohio Gov. Ted Strickland...(quote) "Wind turbines  and other renewable sources are not only a less-polluting means of diversifying the state's energy sources, but also, as a job-development tool."

 

Governor Insanity (er, Strickland) wants to make the Ohio Turnpike an "advanced energy corridor", using state land to site wind turbines and other renewable energy technologies.

 

And if state legislators allow Strickland to get his way, Ohio will soon see dozens of giant, hideous windmills sprouting up offshore in Lake Erie .

 

Turn baby, turn... this is fabulous news! Stricklands "advanced" land /lake energy corridor will be based on the 500 year-old, 16th century technology of windmills.

 

Picture it now it now... driving along the scenic Ohio Turnpike...dodging thousands of dead birds, slaughtered by the whirring 40 foot diameter of  windturbine  blades. ODOT (Ohio Dept. of Transportation) will indeed experience a job boom in roadway cleanup crews hired. 

 

And out in pristine Lake Erie, consider the dilemma of the "pleasure" boaters, who now have to dodge hundreds of anti-scenic, offshore wind turbine installations, most of which will remain calm on the numerous wind-free days that are typical of northern Ohio weather.

 

So who was it that said..."look before you leap?" 

 

As America rushes intrepidly into the renewable energy era (and attempts to clean-up the atmosphere) what becomes of the effort if the large developing nations, like China and India, refuse take the same dramatic steps-- something they're unlikely to do.

 

China recently surpassed the U.S. to become the world's number-one emitter of CO2; and India is fast coming up to supplant the United States as number two.

 

If the goal of our actions is to prevent global warming, then to what end? No matter what the U.S. and the western countries may do to restrict emissions, China's carbon dioxide output is on track to double (or possibly treble) during the next decade,

 

So basically, the money the U.S. government spends on renewables will serve no other purpose than to subsidize the Chinese economy, and concomitantly penalize our own.

 

Attention Al Gore-- here's the BIGGEST inconvenient truth-- why spend billions to restict CO 2 emissions in the U.S. when it's a scientific fact that all of China's (and India's) rapidly-increasing CO2 output all eventually mixes within the upper atmosphere anyway?

 

Short of building a gigantic, green energy bubble over each one of these "offending" countries, all U.S. environmental efforts will be for naught.

 

Unlike our liberal, coconut-head politicians in Congress, China recognizes the undeniable indications from around the globe-- green energy literally does not pay.  

 

Evidence from Spain and Germany (and other countries that have attempted to fast-track growth in their green-energy sectors) reveals that such policies often destroy more jobs in other industries than they actually create, and have done virtually nothing to reduce atmospheric CO2.

 

And in reality-- after the U.S. plunges headlong into this climatological fools' errand-- how much global warming are we really avoiding? How many conventional jobs are lost as we destroy our economy in a futile attempt to remake it?

 

But repeating mistakes has long been a storied part of Washington's misguided energy policies of the past.

 

Unlike China, the U.S. will spend untold billions on windmills, solar panels, biodiesel, ethanol, switchgrass, refined cooking grease, and every other boondoogle these radical environmental extremists in Congress attempt to legislate down our throats.

 

But fifty years from now, the U.S. will still be using fossil fuels; the internal combustion engine will have survived America's foolhardy rush to electric cars; and those blowhard, windmill-touting politicians will have eaten their words.

 

The law of economics cannot be repealed. Sooner rather than later, the green energy bubble is bound to burst, and America will return to its former sanity.

 

Or so we hope.

 

www.keenobserver.blogtownhall.com

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Dismantling the Constitution...Obama's never-ending "things to do" list

 

Flashback: August 28, 2008-- Barack Obama's acceptance speech at the DNC in Denver:

 

(Quote)  "As commander-in-chief, I will never hesitate to defend this nation...I will  finish the fight against Al Qaida, and we will capture or kill Osama bin Laden!"

 

Gee, whatever happened to that?

 

Although hunting down bin Laden is a grave matter of national security, it somehow has slid down to the bottom of Obama's "things to do" list, right behind official dog Bo's next series of vaccination shots.

 

But instead of going after Osama bin Laden, Mad Dog Obama is going after everyone else; the great Obama crackdown on:

 

-people earning over $200K

-small businesses

-employers hiring illegal aliens

-multinational corporations doing business overseas

-CIA lawyers from the Bush administration

-Fox news

-conservative talk radio

-credit card companies

-banks and auto companies

-American tax evaders with overseas accounts

-big companies that "improperly" dominate markets

-the secured creditors of Chrysler

-polluters

-public displayers of Christianity

-gun owners

-coal companies

-big oil companies

-Wall Street execs who earn "too much"

 

Even students are not exempt from the Obama purge. In a move to placate the D.C. teacher's union, Mr. Obama even went after the poor kids attending D.C. private schools, and removed their tuition vouchers.

 

The question is...what does all this have to do with being president?  Eh, what the heck; who needs the Constitution? It's Obama's fascist idea of a mandate...purge, baby, purge!

 

One gets the feeling that Stalin himself has now taken over in the Oval Office.

 

It was rather obvious that when Obama appointed Rahm Emanuel as his chief of staff (i.e. political attack dog) that it would not be business as usual at 1600 Pennsylvania like in previous administrations.

 

Emanuel is the intimidator-- the Tony Soprano of the Whitehouse.

 

If you want to silence anyone who disagrees with you, all Obama need do is "push a button" and attack dog "Rahmbo" gets the task accomplished-- like the Corleone Family-- evidenced by the fact that no one yet has had the courage to stand up to the withering political fire of the Obama administration.

 

Obama flaunts the Constitution as if were non-existent, and treats the Bill of Rights as if it were a 'Declaration of Iniquities', going all out to destroy the First Amendment (free speech).

 

POINT: Congress has drawn up hate crime legislation, under the principle that "divisive", "offensive" or "hateful" speech against any "protected group" is irresponsible, and therefore, not protected by the First Amendment.

 

POINT: Localism; in lieu of resurrecting the Fairness Doctrine, the FCC is pushing for "balanced" commentary on all talk radio broadcasts, which will eventually eliminate the conservative format from hundreds of smaller, less profitable, radio stations. 

 

POINT: Writers who are not "pro-Barack Obama", are suffering character assassination on the internet, unrelentingly assaulted by so-called "liberal bloggers" who are actually employed by Obama-sponsored leftist groups.

 

And looming on the horizon may be the next big shoe to drop upon our Constitutional rights --actual government control of the internet.

 

A new bill (S.778 ) sponsored by Senators John Rockefeller (D-W. Va.) and Olympia Snowe (R-Maine), called The Cybersecurity Act of 2009, would..."grant the President emergency authority to halt web traffic and access private data." 

 

This new effort, the most recent attempt by the Obama administration to crack down on free speech, is much more ominous than it sounds.

 

Basically, it would empower Obama-- who's perfidy knows no limits-- with an internet dictatorship.

 

And with Obama in control of American cyberspace, our internet will be no different than North Korea's: a total dictatorial fascist regime, opening the floodgates of privacy to total surveillance, total control, total censorship-- and give Obama total power.

 

If this bill is passed, America may become little removed from Nazi Germany as it was in the mid 1930's.

 

Just like Orwell's vision of "1984", Obama's Thought Police will purge the net of any remaining political truth, and we'd be left to depend on the mainstream media, spewing government press releases as if they were legitimate, unbiased journalists.

 

So then we'll all be controllable, docile, and subject to the whims of the Obama propaganda machine-- the reason why our leftist Congress seeks to shut down the internet in the event of an "emergency," which of course, remains undefined.

 

And for all those who think "this could never happen" (or isn't possible), ask the Chinese, or Cubans, (or now, the Australians), just how easy it is to censor and monitor 100% of web traffic.

 

This new threat of government domestic cyber-terrorism against its own citizens, will only continue to tighten the noose of fascism around our necks, as our cherished anti-president continually chips away at our American rights of free enterprise, free speech, the pursuit of happiness, and the right to bear arms.

 

And once the net becomes government controlled (or subject to government-mandated restrictions), what next? Is this any different from feudalism, where the serfs live on a tightly-controlled plantation, and subjugate their lives to a government of Lords, who permit little other than everyday survival, and to serve the congressional aristocracy under the reign of king Obama?

 

Judging from his first 100 days, it seems that Obama intends less on functioning as a chief executive, and more like a Gestapo chief, as he continually crashes through the doors of his Constitutional authority, intimidating one enterprise after another, because he feels that no one has the right to anything--everything belongs to the government -- and Comrade Obama is out to get it.

 

Let freedom ring.
 
 
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Will the American Left uphold the Law of Civilization and Decay?


It was cast as an unprecedented new compromise-- the heralded revival of California's offshore mega-barrel Tranquillion oil field-- a plan that would have been the state's first approval to drill for oil in its waters since 1969.

But as fast as the proposal came to be, it disappeared within a tidal wave of leftist, environmental rejections.

California's State Lands Commission, headed by the radical environmentalist, John Garamendi,  killed the deal, citing that, "Approval would have been a message heard very, very clearly around the world by those who call for "drill, baby, drill."

So score another big one for the left; and another brick in the wall toward cutting off America’s vital domestic flow of crude oil.

It was a deal that would have allowed a Houston based Texas oil company, Plains Exploration and Production, to sink new wells off the Santa Barbara coast in return for an agreement to shut down all four of its existing offshore platforms within 13 years.

Santa Barbara County approved the plan without controversy last summer. But with horizontal "slant-drilling" technology, Plains Exploration had an ingenious plan-- sink wells deep into the sea floor, and then burrow sideways from under the federally regulated waters, to where Tranquillion sits underneath the ocean floor under state waters.

Thus it would have eliminated all environmental concerns of a possible ocean spill, like the disastrous 1969 well-head blowout off the coast of Santa Barbara

But the uncompromising California State Lands Commission wasn’t swayed: by a controversial 2-1 vote, they upheld the contentions of Santa Barbara's most vociferous anti-oil groups, who said, "allowing any new drilling in state waters would suggest the state welcomes offshore drilling, and send a "come-hither" message to other oil companies".

So just what are these idiopathic environmentalists talking about? A "come hither" message to the oil companies? Were they implying some kind of sexual innuendo; or are we talking about energy policy? But whenever it comes to U.S. energy policy, the leftists have never made sense

Of course, this was we'd expect.  It’s always been the left's anti patriotic duty--blocking what’s vital for America's economy, and disregarding the country’s most critical need--domestic energy.

it was your usual "just show ‘em whose boss thing"... exercising one's authority for the sake of power; the control factor (i.e. the abuse of political power); the lust of all leftists.

Never mind that California is bazillions in debt; never mind that the hundreds of millions of barrels of Tranquillion's oil would relieve our  domestic energy shortage. And never mind the 40 billion we continue to send OPEC every month- a crippling, unsustainable drain on our capital.

None of it matters except for California's leftist, mindless insistence of keeping control-- controlling the inevitable slide downward of our country into third world status-- and upholding the law of civilization and decay.

Can this law be repealed? Not if our leftist new Secretary of the Interior, Ken Salazar, has his way.

Predictably, Mr. Salazar's first major decision — to cancel oil and gas leases on 77 parcels of public land in Utah — could not have sent a clearer signal that his department is under new management; a rather haughty introduction indeed.

Salazar's appointment as Interior Secretary was a strong indication that the Obama administration intends to take a "more measured approach" to energy exploration on the public lands, and that, "drill-now, drill-anywhere" policies are "a thing of the past".

Mama-Mia! Drilling is to be a thing of the PAST?

What could be more counterproductive to America's economic survival than stating that domestic drilling is passe? OPEC is celebrating as we speak! Fully 95% of America's transportation needs are met by the refined products of petroleum--something that the off shores of the U.S. holds in abundance

So what is America’s future transportation system supposed to run on? Renewables? Wind and solar power?

Sure! Just picture the all new, all electric, 40-ton semi tractor-trailers on the roads; and the heralded hydrogen- powered freight trains; and the wind powered F-22 stealth fighter planes; and don’t forget the massive torque output of the new solar-powered line of Caterpillar bulldozers. Is the Obama administration ready to  deliver these vehicles to replace our conventional powered machines? Not yet?

Yet they contend drilling for oil is a thing of the past. And will these disastrous, economic absurdities of the left ever cease? But haven't these treasonous liberals already damaged America enough? Look at the calamitous wealth destruction they have wrought upon our country:

Nancy Pelosi, Speaker of the House, has blocked all previous Republican drilling bills from reaching the House floor for a vote. We have 4 trillion dollars worth of oil sitting in the ground around us. lt's liquid gold--4 TRILLION DOLLARS! Sitting wasted.

And for what? The environment.? For the insistence on developing renewable resources? This is wealth that could go for investment. It's the money a deficit-plagued America needs at a most critical time.

We could rebuild this country's infrastructure. We could invest in alternative energy vehicles; new money for corporate expansion; building high-speed rail corridors; or for R&D toward high tech medical and pharmaceutical advancements; or for developing new inventions and hundreds of new entrepreneurial ideas.

The list is endless.

But without capital, nothing can move forward. And the leftists have chosen to stifle all this, and have declared our own domestic energy resources to be illegal--putting us on the slippery slope downhill toward the fulfillment of the prophecy of the "law of civilization and decay."

So what exactly is this law of civilization and decay?

This is a hypothesis- first proposed by the famous historian Brooks Adams in1894; a law that was the reason for the decline and fall of the Roman and Spanish empires. It held that the seat of world power, throughout history, has consistently followed a westward movement from the ancient crossroads in the East

To illustrate, let’s expound upon this hypothesis: The tendency of history is that power is not static, and the foibles of human nature are the reasons for the inevitable fulfillment of the law.

From ancient Persia; to Alexander the Great in Macedonia; to Athens in ancient Greece; to Rome; to Constantinople, to Spain, then France, and to London; and finally, to America; in accord with a law relating to the density of populations, and the development of new and centralizing techniques of trade and industry, the "law" commands that the seat of power eventually, and invariably, transforms from one country to another in an inevitable westward direction.

In summary, the law upholds that throughout the constant progression of history, the status of each dominant country always declines, and that…"All civilizations fall because of the actions of certain people who made these civilizations vanish."

And this law portends huge trouble for the U.S. And could it be that the radical left is the straw that breaks our nation's back, and moves the seat of power westward? Could our downfall be imperceptibly underway, and migrating westward across the Pacific as we speak?

Right now, China is taking advantage of the worldwide economic downturn to go on a major shopping spree, investing in energy and other natural resources that could give it an economic advantage over the United States that it has never had before.

This should set off alarm bells; but so far it's slipped entirely below our radar. China’s newest investments position the country as a threat to becoming the world's new dominate nation-- a new seat of power-- eclipsing our United States.

And the main reason is painfully obvious: we remain energy static-- while the Chinese proceed ahead at a voracious pace. Unlike the American left, the Chinese are not fools; they see that oil has been (and will continue to be in the foreseeable future) vital to projecting economic power, and key to dominating the world’s economic landscape.
 
Chinese money continues to talk around the globe--so are you listening Nancy Pelosi?

In a recent move, the China Development Bank will lend the Brazilian oil giant Petrobras $10 billion in exchange for a long-term commitment to send oil to China. And with their recent deals they've signed with Russia and Venezuela, this brings Beijing’s total oil investments to $41 billion.

The result? This will prepare China to expand even more rapidly during the next boom when supplies of commodities (like oil ) are likely to tighten again as global growth picks up. And China will have a foothold it lacked during the recent previous  boom, when it grew phenomenally, even with its limited access to domestic resources.

China is flush with cash, thanks to trillions of dollars from decades of selling goods to the West; and they are using it to proceed in the exact opposite direction of the U.S.  The Chinese continue to accumulate huge petroleum energy deposits-- possibly eclipsing America as world's dominant economic power as soon as 2030 

China is a capital rich nation; the U.S. is a capital starved, beggar nation-- woefully lacking in cash-- thanks to the treasonous energy policy of the left, which results in the exportation of our capital to OPEC at a perilous pace of 700 billion a year.

And recently, Venezuela borrowed $6 billion from China and agreed to increase their oil exports to China, bringing China’s total investment in the country to $12 billion. In Brazil, China signed a $10 billion “loan-for-oil” deal that guarantees the country up to 160,000 barrels a day at market prices.

This is sounding more ominous by the minute! But is the Obama administration even paying attention?

In total, China has built up nearly $2 TRILLION in foreign currency reserves, giving the country access to capital for dealing with cashed-starved nations around the world, such as America – the world’s number one debtor nation. And analysts are projecting grave worries about what lengths China will go to compete with the United States (and India), for oil and other natural resources.

The Chinese now could, by virtue of their cash rich position, easily outspend the U.S. for critical oil reserves, and lock out America from being able to compete for limited supplies of the world's strategic military minerals, such as lithium, titanium, nickel, and chromium.

China has struck deals in countries that have access to large supplies of oil and other mineral resources-- right smack where American and European countries are not well positioned-- in Africa and the Middle East.

First, the Chinese took over our manufacturing capacity; and now, we are being outmaneuvered, outsmarted, and outspent for the world's oil and mineral resources. And the Chinese continue to lend us the money we must send to OPEC every month.

So the handwriting is on the wall; and the leftists continue to be the authors. We are losing the race to the Chinese-- and to our great peril-- we are fulfilling the law of civilization and decay.


www.keenobserver.blogtownhall.com

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Todays subject? You guessed it...it's the economy again , stupid!



Damn the creditors! Full speed ahead! The almighty Barack himself hath pronounced, "Trillion dollar deficits for years ahead!" Obamanomics gone wild!
 
So how much is a trillion? For starters, lets drop it a notch and imagine what only a billion is like. For example, a BILLION seconds ago, we would be back in Fall of 1977, in the disco Saturday night fever era, when America was getting over its post-partum Vietnam guilt, and people literally wore plastic clothes (spandex), and happy times were at hand.
 
Now, how much is a trillion? Well, to try and put it into perspective: a TRILLION seconds ago would be 29,000 B.C., when Piltdown man, and Cro-Magnon and Paleolithic guys were stalking the earth, fingerpainting caves, and inventing crude tools; you know the story--all that cool anthropological stuff.
 
But this illustrates just how large a number a trillion dollars actually is. It's an unimaginably huge sum of money! And Barack Obama is warning us to expect trillion dollar deficits for years to come! And if we're not prudent, maybe we'll end up living in caves and  fashioning crude wooden tools ourselves, because this throw-it-to-the-wind, reckless monetary policy could spook our creditors. And in a worst case scenario, they could call in all their treasury notes and demand payment in hard assets; and the cave-dweller era would surely return.

Whenever you talk of trillion dollar deficits for years to come, it rekindles the possibility of hyperinflation, and post World War I Germany. Mr Obama's proposed trillion dollar stimulus program, if it doesn't stimulate, could cause a calamitous spike in inflation, and an upwardly spiraling trade deficit, as we progress along a merry go round economy of borrowing (importing) money from overseas, getting it to Americans through tax cuts and government jobs, and then returning (exporting) this money back to China from purchasing the cheap consumer goods we've come to expect of them-- an uncomfortable place to reside indeed.
 
China, which has purchased more than1 trillion in U.S. debt, is getting antsy. And at some point, Dr. Obama's magic will wear off, and we'll face down the inevitable necessity of raising our own money--yes were talking tax increases, the economic poison of a downturn. But Obama-mania will go on for a while, and Barack will be throwing money like Santa at government projects, green energy initiatives, and bailing out everyone.
 
But In order for the people to abandon their hysterical Obama-mania, and get back to reality, requires the rejection of "sloganism" (change-hope, we can, etc.) as a substitute for realistic economic policy, and take grasp of America's true #1 problem-- lack of skilled jobs...and in conjunction-- jobs that pay a realistic wage.
 
Today Americans are working harder and longer than any other nation on earth. Many families, before the downturn, were maniacally chasing time while in the pursuit of as many as 4-5  jobs per family, just to pay the bills. And most of these multi-jobs were in the low-skills service sector, as families desperately tried to cope with foreclosure, 4-dollar gas, and rocketing grocery prices.
 
But how did it get this way? Well, a brief economic lesson on our history is in order. Let's do it by the numbers.
 
1) In defiance of the all the experts, the current recession is NOT cyclical. Why? Because of one basic structural problem-- there's nothing left to RE-cycle back to. Everything in the way of manufacturing infrastructure has been literally dismantled, and shipped lock-stock-barrel, right down to the last lampshade in the CEO's office, to its overseas new location--sort of like greed in reverse.
 
2) This current recession is structural. During the 1930's, thousands of factories closed; but their buildings and equipment remained in place and intact. When World War II struck, these facilities were easily revitalized and converted into a wartime economy, and helped us out-produce our enemies en route to an unconditional victory over the Axis.
 
3) The current recession is unprecedented. Most of the factories that closed post-war have been shut down for good ( shutdown for bad would be more precise). This has spun off evil effects from our economy ever since. These post war shutdowns proved calamitous; their equipment was crated and shipped overseas. The buildings were gutted, boarded up, and eventually razed; and the contaminated ground was determined to be environmentally sensitive "brown ground", a sort of never-never no man's land.

Today these refurbished manufacturing properties "flourish" with such community powerhouses as parks, public bicycle paths, and other idio-economic entities. But the point is, when manufacturing capacity is lost, the standard of living decreases.
 
But the most troubling aspect of all-- these factories didn't close down because of a cyclical short fall in demand, but because they lost their markets to imports. Therefore, no fiscal stimulus can possibly match the benefits of using low wage overseas labor for our lost domestic production. After all, were not about to rebuild some textile factory in South Carolina that once made T-shirts, nor some shoe factory in Massachusettes, when everyone can easily go anywhere to purchase underwear and a new pair of shoes at dirt cheap import prices.
 
The fact that Americans have, for so long, chosen to thumb their noses at domestic goods (and unfortunately, cars) for so-called cheaper better foreign products, is a structural change in the economy that may never revert. And as the 21st century progresses, it portends a further decline in the standard of living as America remains the country that IMPORTS everything and make nothing; and no amount of stumuli can budge that economic elephant out of the picture.
 
Real wages now are 2/3 of what they were in1965. That's why Americans remain so lovingly nostalgic back to the 1950-60s, when American families  lived a good middle class lifestyle. We were a full wage economy: one spouse as the breadwinner, and a stay at home mom to rear the children. It was the "leave it to Beaver" era of American prosperity, which continues to remain only a cherished time of wonderful memories.
 
What the country truly needs is a return to a full wage economy. Then dads can stop competing with the kids for jobs at Wendy's; and unemployed Ph D's can cease competing with moms for retail jobs at Walmart.
 
But meanwhile, how did we arrive at such an economic dead end, where America produces nothing?

30 years ago saw the transition to the information economy that brought on the yuppie prosperity of the 80's. In the 90's, it was the internet bubble that brought on the Clinton era of good feeling. And after that popped, it was the housing credit bubble based on Alan Greenspan's too-low interest rates. This prompted Americans to use their houses as giant credit cards.

From 2001 to 2007, America's economy (and low unemployment) basically prospered by building and selling houses. It was all driven by rock-bottom interest rates. People took out mortgages on second homes. House-flipping speculative Americans prospered by selling homes back and forth between themselves. Some had more than 1 going at the same time.

People purchased second homes on the lark of watching them go up 10% or more in value each year. But this only served to expand the trade deficit, since, during all this time, no new money from foreign dollars was coming in; and oil imports were causing a $700 billion/year capital outflow to leave offshore-- an unsustainable pace. 
 
And since 2007, America's bubble-bust economy has declined more rapidly than in almost any other brief period since 1929-1932. 
 
Today -in the parlance of the most-reverend Jeremiah Wright--the chickens have come to roost. After thirty years of transforming ourselves to a complete service economy, we must pay for our "capital" sins-- corporate greed , credit obsession, savings rejection, and importing everything.
 
And before we are able to return to a full wage economy, a starry-eyed America must somehow force the the air out of the big government balloon Obama is attempting to float ---and his trillion dollar boondoggle defined under the banner, "only government can get us out of this". But can it?

Every job "created" by the government takes away the capital that could have gone to the private sector in tax cuts, small business loans, and outright grants. The idea here is creating REAL jobs. These are the only ones that evoke true economic stimuli, and generate additional wealth. And the greatest wealth expansion America has ever seen was in the post war economy, when the manufacturing sector exploded to meet the consumer demands of a MARKET economy.

Remember--countries that manufacture never go bankrupt, because they are capital- based, and not credit-based.  And every manufacturing job created has a multiplier effect, because the wages paid to that newly hired worker now creates jobs at the local bank where he deposits a weekly paycheck, and then creates retail jobs at the local shoestore, drugstore, theater and restaurant. This is the essence of a full-wage private sector economy; every job created has a wealth-generating effect...which means, ahem-ahem, prosperity!

But in America, as the world's numero-uno debtor nation, we are in danger of going bankrupt, not because of the lack of jobs, but because of the lack of capital! We are a capital starved nation, and thus are doomed  to remain hooked on borrowing to possible insolvency, unless we can shake lose from this disease of government dependency.

Over the last three generations, with the onset of the entitlement economy, the disease of governmentism has grown to the point where people now acquiesce to the idea that instead of the private sector, they now rely on the government to set their financial course.

Now were almost a half century removed from the peak of our full wage economy, and things couldn't be headed in a more ominous direction. Instead of a firmly-defined economic policy, (a sort of well-written national business plan)  we have the directionless, anything-goes, spaghetti-on-the-wall ideas of Barack Obama. And the result? We've morphed into some strange hybrid form of a political economy, confusing to our overseas creditors and Wall Street alike
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And with General Obama at the helm, a commander with no battlefield (economic) experience, we are about to place our entire future destiny in the hands of someone who's never ever managed anything in the private sector--not even so much as a paper route. Good luck.

www.keenobserver.blogtownhall.com


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Place your bets: alternative energy vs. oil addiction...can anyone win?


Uh-oh, it’s back to the future time. Here we go again! President-elect Barack Obama has selected Nobel-prize winning physicist Steven Chu, as his energy secretary (er...energy czar). Chu is director of the Lawrence Berkeley National Laboratory in Berkeley, Calif., and is a leading advocate of reducing greenhouse gases by developing new energy sources.

 

And make careful note of that phrase..."developing new energy sources". (More on this later). 

 

The President-elect vowed to, "move beyond our oil addiction and create a new hybrid economy." The selection of Chu, a Chinese American who shared a Nobel Prize for physics in 1997, received widespread praise on Capitol Hill.

 

Obama was peacock-proud about the selection: "His appointment should send a signal to all that my administration will value science. We will make decisions based on the facts, and we understand that facts demand bold action," Obama said at a news conference in Chicago. "We must control our own destiny; America must develop new forms of energy and new ways of using it. And this is not a challenge for government alone; it's a challenge for all of us".

 

Umm hmm... once again, Obama used that ominous phrase..."develop new forms of energy".

 

And just what new forms of energy is he talking about? While Obama huffs and puffs about wind and solar, there's just one little teensey-weency fact that the science-challenged president elect hasn't mentioned: what about all the nearly 300 million vehicles currently residing in our nation’s driveways and garages, that are powered by internal combustion engines? Will we just trade 'em all in for the new-fangled hybrids of the future?

 

Last August, during his Denver convention speech, Obama was quoted: "As president, I'll invest $150 billion over the next decade in affordable, renewable sources of energy; wind power and solar power and the next generation of bio-fuels..."

 

Thus, this brings up another vehicular conundrum--just drive by any large construction site today and witness the actual nuts and bolts of a growing economy. There will be nonstop activity: heavy trucks coming and going; cranes moving busily hoisting materials up and down; yellow front-loaders and Caterpillar bulldozers moving all about . And every worker in step, doing his own individual job as efficiently as possible.

 

So this begs the question, how could our country function without the heavy diesel vehicles that are vitally instrumental to a growing economy? Are they supposed to run on old french fry oil, which is basically how you derive biodiesel?

 

But Obama and his leftist, enviro-marxist democrats despise oil, and all its refined forms of energy, and want to tax all fossil fuels out of existence. They will permit no new drilling, and no new refineries. And what might occur if Obama has his way, and levies heavy consumer taxes on gasoline and diesel, to FORCE us into the green energy era? America must be aware of Obama's creeping socialism-- do we really want the government regulating us for everything, including what we shall drive?

 

Sales of elecric cars are plummeting in Europe. Why? Basically it’s the same reason that Americans are to find out the hard way when Obama interferes with the domestic auto market: Even in green-obsessed Europe, people still like powerful, sexy cars. 

 

Belgium is trying to force mandatory caps on European manufacturers of gasoline and diesel-powered cars, but is running into fierce opposition led by France and Germany. And not only are the ugly electric cars no fun and lack power, the bedeviling problem of their 40 mile range won't be solved until the battery can be replaced with some new breakthrough, which might not come in this century. 

 

How practical is it to talk about developing the new energy sources of the future? Ask the Chinese, who recently showed off a modern line of electric-powered buses that ran in an eight block area of Beijing to ferry passengers for the Olympics.

 

But hidden nearby in an off-limits area, there were 2 full time robots, operating to change all the dead batteries from buses that were drastically limited in their operating range.  Each high-tech swap took about eight minutes. But this could be the last charging station in China: the Chinese are now faced with the environmental problem of hundreds of non-recyclable dead battery clusters from the 'modern' buses, which now no longer operate in Beijing any more.

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High costs, coupled with a lack of clear policy support from the central government, could limit China's one-time use of battery powered buses, trucks and cars to the Olympic weeks. Meanwhile, the country is struggling to plot a future course for an alternative vehicle industry.

 

So far, China's car buyers have shown little interest in alternative vehicles. Only 414 shoppers last year bought the only hybrid car available on the Chinese market. Feng Fei, deputy director in China for the Industrial Economy Department at the State's Development Research Center, revealed that China's alternative auto industry is in disarray. He blames a lack of clear plans for development.

 

Basically, whether you examine Europe or Asia, its the same chicken vs.egg conundrum:  does it pay to create a market that's virtually non existent for alternative energy vehicles? Or do you wait for the demand, and then take on the engineering costs to develop them? And China has 6 times more engineers than the U.S.; yet they, like the Europeans, remain 'oil-addicted.'

 

Thus, given the econo-scientific reality of all these false hopes, picture the enviro-Obamian economy after 4 years: People shunning the green cars of the future...gas lines winding around the block...men pushing cars toward gas pumps...drivers anxiously leaning out their windows looking ahead...white bags covering the nozzles...violent arguements about "next in  line"... worried driver facial expressions-- civil disorder as people suffer across America-- all waiting for the magical appearance of the "alternative energy sources of the future".

 

And magical is no exaggeration! The Democrats are the know-nothing party when it comes to the hard scientific hurdles that delay the onset of alternative energy. Mass produced electric and hydrogen cars are decades away. They remain prohibitively expensive. The battery and fuel-cell reliability problems have yet to be solved; and only hybrid vehicles with gasoline assist are practical now, yet remain expensive and unpopular. 

 

We cannot replace oil and coal, with solar or wind anytime soon. Just ask any engineer; (preferably, a republican) if you want to get the real story: We are at least fifty years from seeing alternative energy being mass produced; and right now alternatives account for just 1.5% of America's total energy BTU's produced. But coal is at 60%.

 

Obama is either dreaming or misleading. If we all understood physics a little better, we'd know you cannot take money away from drilling, and then use it to INVENT a new alternative type of energy. Once again, ask any engineer in America, or Europe, or in China.

 

Was coal invented? Oil? Nuclear? Electricity? How about the great invention of the wind?

The last great energy "breakthrough" was 160 years ago, when Drake struck oil in Pennsylvania. Ask Isaac Newton..."energy cannot be created or destroyed"...it's Newton's first law of physics. And Obama probably thinks physics is an old remedy sold at the drugstore for people who can't properly 'go'.

 

Obama might not be cognizant of it, but his "damn the fossil fuels-save the environment" energy policy will destroy economic growth, jeopardize our military security, and ruin our economy. Bulldozers and all heavy vehicles run on diesel. There will never be an all-electric freight train, or fuel cell airliner this century; nor any wind powered tanks or solar-driven fighter jets.

 

So will Obama's "jolly green-environment" spike gas prices to $6 a gallon in the next four years? The only people who would benefit would be the bicycle shops --the rest would suffer. This no-growth policy will prolong the recession, give OPEC more leverage, and put us on the road toward becoming the world's most advanced third world country. 

 

And to where will all this government environmental extremism take us? Since when did we lose faith in our free markets? They've worked for 235 years to make America great. And now, Obama and his liberal do-gooders, have decided to throw it all aside, and claim more government development of alternative energy is the answer to a problem that doesn't even exist.

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