February 19, 2016
Steve McCann of the American Thinker has one of the best descriptions of our current problems and their imminent impact on our country. Here is just part of his excellent, if emotional, piece:
Beginning in the late 1980’s, the cognoscenti declared that expansive government spending, globalization and free trade, combined with a comprehensive and overarching regulatory regime determined to root out so-called corruption and inequality as well as save the planet from the over blown evils of global warming, would be the course the nation should pursue. The result of this foolhardy and myopic scheme:
- In 1988 the national debt of the United States stood at $2.6 Trillion, today it is over $19.0 Trillion– an increase of 635% (and projected to reach $29.0 Trillion by 2026). On the other hand the debt of all the nations on earth has grown by only 135% since 1988.
- Since November of 2008 the working age population has increased by over 18 million. However, the number of those employed has increased just 5.5 million. Meanwhile those unemployed or no longer in the work force has ballooned by 12.4 million to a staggering total of 102 million or 40.4% of the working age population.
- Another factor impacting on the economic health of the American people is immigration. In 1988 there were 16 million immigrants (including less than a million illegal aliens) living in the United States. Today that number has skyrocketed to 42.4 million (including an estimated 12 million illegal aliens). This enormous increase (165%) in the immigrant population has not only put pressure on a stagnant job market but it has also been a major factor in the decline of median income in the country.
- The upshot of all the above is that since 1988 the income of the top 5% has risen 39.3% (adjusted for inflation) and the income of the bottom 50% has fallen by 1.9%.
- Since 2008 the Obama cabal has added over 18,000 pages to the Code of Federal Regulations. It is estimated that complying with federal regulations costs the economy nearly $2 Trillion per year and is, along with taxes and innumerable mandates, one of the principle reasons for the lack of new business start-ups and loss of jobs to other countries.
McCann further notes that these problems have come from both Democrat and Republican leadership, as well as business leaders, leaders in entertainment, etc. You can read the full article here.
February 24, 2015
In vetoing the bill by Congress approving the Keystone Pipeline project, President Obama claimed “… because this act of Congress conflicts with established executive branch procedures and cuts short thorough consideration of issues that could bear on our national interest — including our security, safety, and environment — it has earned my veto.”
The Keystone Pipeline project was proposed in 2008. Since then, it has gone through four extensive studies reviewed by the Department of State ; these found NO significant risk to the environment and minimal effect on greenhouse gas emissions. In fact, a recent study showed that pipelines are the safest way to transport oil and gas. Virtually no one denies the positive economic impact of the project for the US and Canadian economies.
After six years and multiple, extensive studies, I don’t think this act of Congress is cutting anything short. We know that the project is safe. We know it will create jobs. We know it decreases our reliance on foreign oil. We know it will strengthen our trade relationship with Canada. President Obama no doubt has his reasons for vetoing this bill, but it isn’t because of “our security, safety and environment.”
January 3, 2015
According to a study published by the National Bureau of Economic Research, 30 years of strict “green” building codes have not significantly reduced residential energy use or pollution. But they have added thousands of dollars of cost to each home. More details here.
November 13, 2014
Presidents Obama and Xi Jinping in Beijing on Wednesday announced a plan for curbing “greenhouse gas” pollution. The US agreed to cut U.S. emissions 26 to 28 percent below 2005 levels by 2025. China pledged to cap its rapidly growing carbon emissions and increase the share of non-fossil fuels of the country’s energy production by 2030. The two countries are the top two emitters of carbon gasses.
However, China did not set specific emmissions targets; it merely agreed to “cap” them at an unspecified rate in the future. Also, it is questionable whether this agreement can be ratified in the US Senate. Multiple US leaders have noted that under the agreement, US action is required now, while China has only offered action in the future, without consequences for failing to do so. Given the “lame duck” status of the President, this may be similar to President Clinton’s signing of the Kyoto Protocol in the late 90s – an important symbolic act, but neither ratifiable nor practical to enforce. In other words, like much of President Obama’s policy “successes,” this is more political than actual.
September 26, 2014
While “Global Warming” appears to have stalled (or stopped?), it is clear that the climate models heralded by the IPCC are not very accurate. However, it is demonstrable that CO2 levels have increased in the Earth’s atmosphere. It is also demonstrable that these carbon increases are having a positive effect on the ground. Read the rest of this entry »