Proudly being brought to you by Democrats
June 21st, 2010 . by joelThere are so many bad things, all about to be brought to you by Democrats, that I can’t keep them all straight.
Try this on for size:
Why did the Obama regime loan Brazil $2 Billion in August, 2009 for them to develop their off-shore oil drilling industry? Why wasn’t he developing our off-shore oil drilling industry or maybe even building wind mills or repaying debt or something like that? That’s interesting by itself, no? But here’s where the plot thickens. I realize Obama’s not clairvoyant, so even I know he could not have predicted a disastrous oil spill in the Gulf, but look at what’s going to happen.
Because of the spill, the Democrats are going to try to get climate and energy legislation passed under the guise of developing non-fossil based resources. Hey, nothing like not wasting a crisis. Obama has already called for a 6-month moratorium on continued off-shore drilling and even falsely and fraudulently and despicably used the names of 7 expert engineers in the field to “document” his plan (lying has certainly become a staple of this regime’s modus operand, no?) and provide the “substance” it would not have otherwise had. These oil drilling platforms cost about $½ million each day to operate, even if they’re sitting idle, like during a moratorium, and no oil company can afford that so they’ll be moved, and their likely destination will be……Brazil.
Now oil is a fungible product, meaning it costs the same everywhere in the world, whether it’s developed in the United States or Angola or Iran or Brazil. It makes no difference. Once the drilling platforms are moved to Brazil, or wherever, they’re not coming back, at last not for a very long time. Definitely longer than 6 months, maybe longer than 6 years.
Good riddance, right? Wrong, you idiot! The United States presently gets 30% of our national oil production from the Gulf. If that oil is not replaced the price of gasoline will rise, meaning there’ll be less driving to the mall, meaning less spending money on stuff, meaning more layoffs of people normally selling that stuff, and leading directly to more unemployment and welfare payments and that’s money that is taken directly from you. You get the idea, right? It’s a simple calculus that cannot be denied.
Or the oil will be replaced by buying more from foreign sources, causing more and higher dependence on foreign oil, which is what our political class has been railing against for decades. A bit of a conundrum, no?
But we can be developing “green” fuel resources so good riddance, right? Wrong, you idiot! Anyone who believes that is not thinking in reality. Take a look at Spain, which dumped billions into restructuring themselves into a “green economy” and have recently announced publically their complete and total failure and which helped bring on their near-collapsed economy. Those resources, if ever commercially viable, will not be ready for prime time for decades or longer. Contrary to what Democrats think, developments in science and technology cannot be legislated. If there was a possibility of their coming to market it would have happened already through the free-market, in the same fashion that petroleum oil beat whale oil, and cars beat horses, and computers beat typewriters and on and on. That’s the genius of the free-market. How many innovations and useful developments in technology have come out of central planning in China or Cuba or old East Germany, for crying out loud?
Oh, and let’s not forget the economies of 3 Gulf states, in which Gulf oil drilling is either the state’s single largest or second largest industry. Those economies will be decimated, causing more of the previously mentioned unemployment and welfare payments and that’s money that is taken directly from you.
So why are Obama and the Democrats planning these political moves that will only cause economic destruction and misery on a grand scale, instead of just concentrating on plugging the oil leak? Maybe because they’re Marxists?
Let’s look beyond merely BP.
Are you aware that the Democrats in Congress voted just two weeks ago to allow the EPA to set carbon limits for all industries nationwide? Well, good riddance to carbon, right? Wrong, you idiot!
What that does is allow unelected bureaucrats, who are accountable to no one, and in most cases have no real-world experience beyond government, to set industrial policy throughout the entire economy of the United States. The last time we saw this kind of central planning, on a scale that affects every commercial exchange in a nation, was during the Politburo days of the old Soviet Union. Yes, the Soviet Union.
By controlling carbon you control energy. If you are the kind of person that turns on a light bulb, or drives a car, or takes public transportation, or likes heat or air conditioning, or likes to buy products of any type or uses services of any type, or eats food, or needs health care, or lives indoors, you’re going to be directly affected, which means you’ll either be paying much more or you’ll be doing without. You get the point, right? It’s a simple calculus that cannot be denied.
Are you aware that the unemployment rate in the United States will, with Democrats controlling the White House and Congress, never again fall below 9% or 10% for any extended period of time (yes, if only we had that same GWB economy where “under 5% unemployment” was common)? Sure, maybe if the government decides to hire another million census workers or hole diggers and hole fillers it may drop below, but not for long. Do you want to know why? Because Democrats have made it their business to sow the seeds of instability and chaos throughout the business community.
They forced the passing of so-called health care reform, using diabolical methods of coercion and fraud, which even the Obama regime’s own estimates assume 51% of all employers will need to change their present employee health plans to the new government plan because they don’t meet the definition of a “government approved plan.” So much for keeping the plan to you like. But the point here is that businesses don’t know what to do until all the policies have been written….by unelected and unaccountable bureaucrats. Until then, no hiring. And what about the uncertain impact on business of cap and trade, and “card-check” legislation and the coming increase of corporate, personal, estate and capital gains taxes that will hit everyone and everything that generates income when the Bush tax cuts expire on January 1, 2011. Everyone person, and every business, that presently pays taxes will see a tax increase. And what about the energy tax that’s sure to come out of this Democrat Congress because of the Gulf spill and what about the VAT tax that’s surely being planned?
All of those taxes and actions conspire to create an environment in which viable employers, those that need to make a profit to stay in business, as opposed to government that doesn’t have that handicap, will not do any hiring now, and maybe won’t in the future. How can they?
And needless regulation upon stupid regulation. As if regulators caught Bernie Madoff before he did severe damage, even though the SEC knew about him and his potential for ponzi schemes years before that disaster hit. They did nothing until then. And the Department of the Interior knew there was trouble at the Deepwater Horizon rig days before that disaster hit, and they did nothing until it exploded. And even then did nothing. And the regulators of Fannie and Freddie knew a disaster was coming and they did nothing as well. And the regulators on both the Senate and House Finance Committees not only did nothing to forestall the coming sub-prime mortgage and financial crisis they exacerbated it by encouraging and codifying bad banking policy and even in some cases shared in the greed they wrought. That’s why unemployment is high and will remain high. It’s a simple calculus that cannot be denied.
And now there’s a call for more regulation and ceding more and more power and control to government regulators that have proven over and over that they can’t regulate, can’t be trusted and often only make things worse, much worse.
And that’s your modern Democrat Party in action.
And there’s more, all being brought to you by those same Democrats. Will your 401k be taken over by the government? Will you lose your mortgage tax deduction? That’s all being talked about now in the halls of the Democrat Congress as they search for every dime they can in an effort to slow the inevitable rise in interest rates. You see, as the nation goes higher and higher into debt, at some point the people or countries presently lending us money will stop unless interest rates go up. That’s what happens when a lender smells a bad loan risk. We’re like the guy whose credit card debt balance is higher than his yearly earnings. Those people all eventually go into bankruptcy or otherwise fail in some other fashion. And if interest rates on that $13.5 Trillion in debt go up we’re not going to be able to pay and risk defaulting and bringing the entire economy of the United States to its knees, just like Greece. And don’t forget the potential for civil unrest a defaulting economy brings; when government retirement payments and all other entitlement payments and Medicare and Medicaid payments to doctors can’t be made and so on, just like Greece. To forestall that, the government needs a different source of cash so it won’t need to borrow at the same “40 cents per every dollar spent” rate it’s been borrowing over the past 18 months. That’s what’s generally meant by the phrase “unsustainable borrowing and spending.” That new infusion of cash could well be your 401k and mortgage tax reduction.
What about a $165 Billion union pension bailout? That’s on the table in Congress now, brought to you by Democrats. What about dumping 30 million more people into Medicaid? That was part of the Democrat health care reform bill and is a shared cost with the states, so look at your state treasury being drained because of this Democrat plan as well.
What we’re seeing here is the destruction of a once great country by the people that are bringing every conceivable economic insult and injury to you and your family, the Democrats.
(Just for the record, Republicans either voted or opposed virtually all of this stuff, even going so far as to try to reign in Fannie and Freddie during the GWB administration. Sorry, that’s true.)
And that’s all there is to it.