Burning Down the American Economy to Rebuild it in a Silly Green Utopia

Posted by PITHOCRATES - September 16th, 2011

Increasing Spending that Balloons the Deficit is not Irresponsible but Cutting Taxes Is

Math is a relative thing.  In the Democrat world (see Boehner Says No Again by Patricia Murphy posted 9/15/2011 on The Daily Beast).

“Tax increases I think are off the table and I don’t think they are a viable option for the joint committee,” Boehner said. “It’s a very simple equation. Tax increases destroy jobs…”

Michigan Sen. Carl Levin, a high-profile Democratic proponent of tax reform, added on the Senate floor, “Real deficit reduction means revenues plus spending cuts. Those resisting additional revenues need to do the math.”

Funny.  These are the same people who passed Obamacare into law.  If you remember, that vote was along party lines.  The Democrats gave us Obamacare.  Not the Republicans.

The Republicans voted ‘no’.  Because they did the math on Obamacare.  The Democrats voted ‘yes’.  Because they said [deleted expletive] the math.

You see, increasing spending that balloons the deficit is not irresponsible.  But cutting taxes is.  Because they say we must consider the deficit first before even entertaining the thought of cutting taxes.  But when it comes to more spending these same people say [deleted expletive] the deficit.  A deficit I might add the Democrats took to record highs.  With their spending.  Such as the $800 billion stimulus plan.  Which the Democrats wrote.

Obama’s Leadership and Deft Economic Skills ended the Bush Recession with Investments like Solyndra

So how did all that stimulus spending work out?  Did it pull us out of recession?  Did it fix the economy?  By one measure, it may have.  But that same measure is foretelling a double-dip recession (see Up means down posted 9/17/2011 on The Economist).

The Economist’s informal R-word index tracks the number of newspaper articles that use the word “recession” in a quarter. The index has the advantage of being timely: data for the articles are available immediately, whereas first estimates of GDP are typically released four weeks after the end of the quarter. If not foolproof, it boasts a decent record: previous incarnations of the index pinpointed the start of American recessions in 1990 and 2007.

The latest iteration counts articles published in the Financial Times and the Wall Street Journal. It shows the index declining steadily from a peak in early 2009, with just a brief pause during the summer of 2010. September, however, has brought a change in the weather. Measured at a quarterly rate, the index has visibly turned up since the start of this month. The chances that a slowdown will become a recession still hang in the balance. But the hacks are getting anxious.

And you know what this means?  The president can’t blame this recession on George W. Bush.  Because they celebrated their Recovery Summer back in 2010.  That’s right, the Bush recession ended in 2010.  Thanks to Obama‘s leadership and deft economic skills.  Like investing a half billion dollars in the now bankrupt Solyndra.  If there’s a double-dip recession it can mean only one thing.  The second dip is the Obama recession.  Because it happened after he cured the economy of the Bush recession.

Government subsidizes Solar Panels because America can’t build them Competitively

Apparently, Solyndra wasn’t the only green company the Obama administration backed (see Solyndra Not Sole Firm to Hit Rock Bottom Despite Stimulus Funding posted 9/15/2011 on FOXNEWS).

At least four other companies have received stimulus funding only to later file for bankruptcy, and two of those were working on alternative energy.

Evergreen Solar Inc., indirectly received $5.3 million through a state grant to open a $450 million facility in 2007 that employed roughly 800 people. The company, once a rock star in the solar industry, filed for bankruptcy protection last month, saying it couldn’t compete with Chinese rivals without reorganizing. The company intends to focus on building up its manufacturing facility in China.

…In June 2009, SpectraWatt received a $500,000 grant from the National Renewable Energy Laboratory as part of the stimulus package. SpectraWatt was one of 13 companies to receive the money to help develop ways to improve solar cells without changing current manufacturing processes.

The company filed for bankruptcy last month, saying it could not compete with its Chinese competitors, which receive “considerable government and financial support…”

Another winner of stimulus who ultimately lost is Mountain Plaza Inc. Despite declaring bankruptcy in 2003, the company received $424,000 from the Tennessee Department of Transportation as part of a grant aimed at installing “truck stop electrification” systems that allow idling truckers to plug-in during extended stops and turn off their exhaust-belching, environment polluting diesel engines.

Mountain Plaza had filed for bankruptcy protection again in June 2010. TDOT, which received a $2 million stimulus grant from the Environmental Protection Agency for the project, said it didn’t learn about the bankruptcy until October, but it is closely monitoring the project.

Elsewhere, Olsen’s Crop Service and Olsen’s Mills Acquisition Co. also failed despite Olsen’s Mills receiving $10 million to increase employment, add equipment and machinery, refinance existing debts and work capital for operations and acquire land. The payout — part of a $64 million package to nine rural businesses in Wisconsin for economic development loan assistance — was delivered in January 2010, after Olsen’s Mills filed for bankruptcy protection for defaulting on a $60 million bank loan.

Detecting a common theme?  America can’t build solar panels competitively.  These companies cannot exist without huge government subsidies.  As it is in China.  Even with their dirt-cheap labor.

“Winning will require substantial investments. Last year, for example, the China Development Bank offered more than $30 billion in financing to Chinese solar manufacturers, about 20 times more than U.S.-backed loans to solar manufacturers,” Poneman wrote.

So why are we even trying?

This is the industry of the future?  More like the white elephant of today.  If it can’t compete in the market place without massive government subsidies then there is no market for it.  It’s just chasing dreams of a silly green utopia.

It may be the industry of the future.  But it’s the far distant future.  And best left for future generations.  When there are no cheaper and more reliable alternatives available to make electricity.  After we’ve “taken all the coal from the ground.”

Our Government: Implementing Policies that will do They don’t Know What and Hoping for the Best

Instead of trying to invent a new future we should focus on what works today.  Before the economy is completely destroyed by this incessant government meddling (see Home Depot’s Bernie Marcus Calls Dodd-Frank Regulations The “Bonnie & Clyde Bill” by Greg Hengler  posted 9/15/2011 on Townhall).

The Dodd-Frank Act goes on for 2,319 pages. Like Nancy Pelosi’s “pass it to find out what’s in the O’care Bill” statement, Senator Dodd said, “No one will know until this is actually in place how it works. But we believe we’ve done something that has been needed for a long time. It took a crisis to bring us to the point where we could actually get this job done.”

Perhaps this is why their economic policies fail.  Because they haven’t a clue about what they’re doing.  Implementing policies that will do they don’t know what.  And hoping for the best.  But the sad thing is this.  The Dodd-Frank Act is the simple one.  The complicated act is Obamacare.  So you know we’ll all be in for a load of surprises when they indoctrinate us into that government run program.  I don’t know why, but for some reason I think about this classic commercial when I think of that future world of Obamacare.

In this metaphor, the dull grey submissive world is the world of Obamacare.  The screen they’re watching that is brainwashing them to like their miserable existence is the Obama administration.  The free and heroic figure is the conservative Republican candidate for president.   And the hammer is the first act of the new conservative Republican president repealing Obamacare.

Donate $5 and you just might win the Grand Prize of Dinner with the President

But Obama is working feverishly on what’s most important.  Using the power of his office to maximum effect (see Obama Campaign: That Creepy Email From Us Wasn’t A Trick by Zeke Miller posted 9/16/2011 on Business Insider).

Donate $5 today and you’ll be automatically entered for the chance to have dinner with the President and three other supporters.

That’s right.  He’s running a lottery where the grand prize is a dinner with him.  To raise money for his reelection campaign.  So he can continue to work magic with the American economy in a second term.  God help us.

And while the American Economy burns Nero Fiddles

Is it any wonder why we’re in the mess we’re in?  Democrats spend to record deficits.  And then they lecture Republicans about the irresponsibility of tax cuts.  If that ain’t the pot calling the kettle black.  And then the Democrats pour money into an industry that the Chinese are pouring even more money into.  On top of China’s dirt-cheap labor.  I mean who looks at this and thinks this is the one?  This is where we beat the Chinese?  The same people who are giving us Obamacare.  That’s who.  Scary, isn’t it?  And these are the geniuses writing our future.

In the mean time we’re beating up coal.  And every other industry where America stood strong.  With job-killing legislation that even the legislators don’t understand.  If the damage wasn’t so bad it would be comical.

And while the American economy burns Nero fiddles.  And raffles himself off for dinner.  Because in these trying times one has to prioritize.  And nothing is more important to this president than his reelection.  Once he takes care of that then he can focus his attention on the secondary things.  Like governing.

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