The GOP's Dead-End Path to Prosperity

[JAMESBJOHNSON]

For the umpteenth time, if Obama were serious about job growth he'd give the green light to Keystone. Instead he's placing his need to appease the Left above what everyone knows (including unions) is in the best interest of the country.

His selfishness is reprehensible.

Our problem is worse the Keystone can fix.

Didja pay attention to the FACEBOOK fiasco on Friday/Monday? The marble-shitting elites thought theyd buyup the IPO then unload it on the peasants for a sweet profit. It didnt happen. Its how they normally do thangs...get in on the cheap then unload on the peasants.

The whole effing economy is built on this model.

 

[miles]

Our problem is worse the Keystone can fix.

Didja pay attention to the FACEBOOK fiasco on Friday/Monday? The marble-shitting elites thought theyd buyup the IPO then unload it on the peasants for a sweet profit. It didnt happen. Its how they normally do thangs...get in on the cheap then unload on the peasants.

The whole effing economy is built on this model.

I never said it would fix anything. It would certainly help people who may now be unemployed if they were hired for the project.

The economy starts with each person's individual economy.

 

[JAMESBJOHNSON]

I never said it would fix anything. It would certainly help people who may now be unemployed if they were hired for the project.

The economy starts with each person's individual economy.

Thats right! It starts wiff you and me.

 

[4est_4est_Gump]

I never said it would fix anything. It would certainly help people who may now be unemployed if they were hired for the project.

The economy starts with each person's individual economy.

Keystone is only a poster child for the much larger energy problem, in-as-such, it is a mere symbol...



At least we know that peak oil, like carbon creating a new ice-age was just a passing pop-science fad.

 

[RobDownSouth]

For the umpteenth time, if Obama were serious about job growth he'd give the green light to Keystone. Instead he's placing his need to appease the Left above what everyone knows (including unions) is in the best interest of the country.

His selfishness is reprehensible.

Yet another delusional bitter old white male fantasy: Keystone will solve all our job woes.

DERP!

 

[4est_4est_Gump]

Green is the Democrats path to prosperity; the prosperity of never-ending Fed inflation that is.

Government is so far in debt that simply cutting spending less is not enough, and raising taxes is foolishness. We need to dramatically increase the sources of non-tax revenue. Fortunately, the convergence of more sophisticated technology and rising costs for natural resources makes that possible.

Anu Mittal, director of natural resources and the environment for the General Accounting Office, recently testified before Congress that the oil reserves in the Green River Formation, spanning much of the Rocky Mountain Region, are greater than all the rest of the world's reserves combined -- perhaps three trillion barrels, with about half the oil on federal land and with half of the oil extractable at current prices. The federal royalty by a rough estimate would be over $9 trillion.

As I pointed out last October, Harold Hamm, a billionaire who made his fortune finding where oil can be profitably extracted, believes that the federal royalties from the Bakken Fields in North Dakota and Montana could equal $18 trillion, which could also pay off the national debt. Of course, tapping the United States' natural resources is the opposite of what Obama is doing. Oil and gas production on federal lands has dropped by 40% under the dreary marriage of environmentalism, puerile elitism, and Marxism which is Obamanomics.

What is true of oil is also true of coal. The price of coal is about $40 per ton, and actively promoting coal production could generate $300 billion in potential royalties to the federal government from coal mined on federal lands. West Virginians were so disgusted with the impoverishment caused to their state by Obama's overregulation that they gave a federal convict 41% of the vote in their Democrat primary.

Not only could ending absurd environmental overregulation and promoting the production of fossil fuels on federal lands pay down the national debt without more tax revenues, but this would also provide state governments with non-tax revenues, create many good jobs, reduce our balance of payments, and keep the cost of energy for business low and stable. The money to fund these operations, along with all the risk, would come from willing private investors within our nation and from all over the world.

Read more: http://www.americanthinker.com/2012/05/real_hope_for_ending_federal_debt.html#ixzz1vbFB7Dpx

 

[4est_4est_Gump]

At the dawn of the postwar era the liberal prophet of cartel capitalism, John Kenneth Galbraith, barely worried in American Capitalism that there was "a chance that power developed and even encouraged to neutralize other power, will start on a career of its own." Fortunately, he assured us, these powers--big business, big unions, big government--had "so far comported themselves with some restraint." That was in 1952.

Since then there has been no sign that liberals have departed an inch from this top-down crony-capitalist model. In fact the Obama administration has seemed determined, while still splattered with the debris of the cratered auto industry and the housing bubble, to test their Big Unit capitalism to destruction with ObamaCare, green energy, and very fast trains.

Meanwhile, the private capital industry has developed to help entrepreneurstart-ups and to discipline corporations that have taken their eye off the ball. The only thing liberals can think to do is milk the private capitalists for campaign contributions.

There was another time in America when a whole sector of the nation chose to marinate in the past, standing against the future, and that was the Jim Crow era in the South. Defeated in the Civil War, their profitable system of plantation slavery demolished, Southerners could still use political muscle to maintain a bitter and twisted domination over the newly-freed slaves and keep the freedmen from challenging the white political and economic ascendancy. It was liberals that called the nation to abolish that racist abomination.

Today's liberals are in the same position as the Southrons of 1900. Their vision of good jobs, strong unions, defined benefits, and lifetime employment is gone with the wind, never to return. Instead we have the economy of "creative destruction" prophesied by that other mid-century prophet, Joseph Schumpeter.

Nothing, we know, is forever in the economy -- or ever was. Railroads, the wonder of 1850, were replaced by oil and steel, the wonders of 1900, and they were replaced by autos and electricity in the 1920s, electronics in the 1950s, computers in the 1980s, and the information revolution of the 1990s.

You can see the new economy in the flap over Jack Welch and women in business. Never mind "diversity, mentorships and affinity groups... 'Over deliver,' Mr. Welch advised. 'Performance is it!'" Predictably the feminazis exploded, so the Wall Street Journal's John Bussey went to 18 woman CEOs of Fortune 500 companies to ask their opinion. They agreed with Welch. "Be open to opportunity and take risks. In fact, take the worst, the messiest, the most challenging assignment you can find, and then take control," said one woman. "I have stepped up to many 'ugly' assignments that others didn't want," said another.

But the liberals are stuck in the past, marinating in their acidic Julia Crow politics. They still have to power to defame and deny, but lack the goodwill do lend a hand and help. And as for "the worst, the messiest, the most challenging assignment?" Today's trustafarian liberals don't believe in getting their hands dirty any more than the scion of yesterday's cotton plantation.

http://www.americanthinker.com/2012/05/welcome_to_the_democrats_julia_crow_era.html

 

[4est_4est_Gump]

*chuckle*

Democrat "Political Darwinism:"

No Republican has ever won the presidency without carrying the state of Ohio. Given the state’s shale gas reserves, Ohio stands on the verge of a possible natural gas-backed economic and employment boom.

Therefore, in an effort to block Mitt Romney’s path to the presidency through Ohio, President Barack Obama has muted the anti-fracking rhetoric and natural gas regulations some environmentalists argue he should impose.

Earlier this month, the Obama Administration eased up on important fracking regulations that would have slowed energy exploration in battleground states like the all-important Buckeye State.

“Anybody who stands in the way of the fracking boom is seen as standing in the way of jobs," Democratic state Representative Robert Hagan conceded to Reuters.

In his State of the Union speech, Mr. Obama admitted that the natural gas industry could create 600,000 jobs within the next eight years. And by 2014, oil and gas drilling stand to add over 65,000 new jobs and $5 billion to Ohio’s economy.

http://www.breitbart.com/Big-Govern...onmentalists-Under-The-Bus-To-Win-Ohio-Voters

 

[4est_4est_Gump]

The Democrat Dead-End Path to Prosperity:

The fact that so many successful politicians are such shameless liars is not only a reflection on them, it is also a reflection on us. When the people want the impossible, only liars can satisfy them, and only in the short run. The current outbreaks of riots in Europe show what happens when the truth catches up with both the politicians and the people in the long run.

Among the biggest lies of the welfare states on both sides of the Atlantic is the notion that the government can supply the people with things they want but cannot afford. Since the government gets its resources from the people, if the people as a whole cannot afford something, neither can the government.

There is, of course, the perennial fallacy that the government can simply raise taxes on "the rich" and use that additional revenue to pay for things that most people cannot afford. What is amazing is the implicit assumption that "the rich" are all such complete fools that they will do nothing to prevent their money from being taxed away. History shows otherwise.

...

Nothing is easier for a politician than promising government benefits that cannot be delivered. Pensions such as Social Security are perfect for this role. The promises that are made are for money to be paid many years from now -- and somebody else will be in power then, left with the job of figuring out what to say and do when the money runs out and the riots start.

There are all sorts of ways of postponing the day of reckoning. The government can refuse to pay what it costs to get things done. Cutting what doctors are paid for treating Medicare patients is one obvious example.

That of course leads some doctors to refuse to take on new Medicare patients. But this process takes time to really make its full impact felt -- and elections are held in the short run. This is another growing problem that can be left for someone else to try to cope with in future years.

Increasing amounts of paperwork for doctors in welfare states with government-run medical care, and reduced payments to those doctors, in order to stave off the day of bankruptcy, mean that the medical profession is likely to attract fewer of the brightest young people who have other occupations available to them -- paying more money and having fewer hassles. But this too is a long-run problem -- and elections are still held in the short run.

Eventually, all these long-run problems can catch up with the wonderful-sounding lies that are the lifeblood of welfare state politics. But there can be a lot of elections between now and eventually -- and those who are good at political lies can win a lot of those elections.

As the day of reckoning approaches, there are a number of ways of seeming to overcome the crisis. If the government is running out of money, it can print more money. That does not make the country any richer, but it quietly transfers part of the value of existing money from people's savings and income to the government, whose newly printed money is worth just as much as the money that people worked for and saved.

Printing more money means inflation -- and inflation is a quiet lie, by which a government can keep its promises on paper, but with money worth much less than when the promises were made.

Is it so surprising voters with unrealistic hopes elect politicians who lie about being able to fulfill those hopes?

Thomas Sowell
The American Spectator

That's why Greece wants out of the Euro (Italy too), so it can get back to inflating the drachma, Greek Communists and Socialists are happiest when the government pretends to pay them...

 

[KingOrfeo]

I aint buying any GOP blabber about how grand theyre gonna make the economy when we replace one gang of thieves with another. Thangs is bad and getting worse. The Great Fucking is coming in 2013, Romney or Obama.

Who are you going to vote for?

 

[JAMESBJOHNSON]

Who are you going to vote for?

I'm sitting 2012 out. I lose either way.

 

[KingOrfeo]

Yeah it will. Those 17 jobs bills passed by the House that Harry's been sitting on will be passed and the door will be open for a new economy.

Examples? And please explain how they will lead to a "new economy." (If they're anything ALEC would approve of, they won't.)