The Practical Philosopher's Blog

Using the practical application of timeless wisdom to address modern issues

The President is Dishonest on the Reality of our Looming Energy Crisis

Hating the prosperity and independence that technology has brought our society and its ever-growing energy needs, the President has been dishonest with facts concerning what we could do- what HE could do- to avert a looming US energy crisis. The easy, common-sense answer is to radically ramp up access to our abundant, existing resources, both short and long term.

The first myth (nicer than saying ‘Lie’) is that we only have a small fraction of oil reserves and we should just get used to being at the mercy of primitive, volatile foreign regimes:

Fact-Checking President Obama’s Energy Press Conference

American Solutions has a summary of what President Obama said yesterday as it relates to energy issues, along with what they call Obama’s “three biggest myths”: 

“We can’t escape the fact that we control only 2% of the world’s oil.” This is a common refrain among anti-drilling Democrats and environmentalists, and it’s repeated enough that many people accept it as true. In reality, it’s 100% false. The number comes from a highly conservative estimate from the Energy Information Administration totaling America’s proven reserves where we are already drilling. It does not include the 10 billion barrels available in the Arctic National Wildlife Refuge. It does not include most of the 86 billion barrels available offshore in the Outer Continental Shelf, most of which President Obama has placed under an executive drilling ban. And it does not include the 800 billion barrels of oil we have locked in shale in Wyoming, Utah, and Colorado. Those shale resources alone are actually three times larger than the proven reserves of Saudi Arabia, so the claim that the U.S. only has 2% of the world’s oil is clearly false.

While the President stays in lock-step with the Big Environment/Green Zealot groups, we are in grave danger. Their anti-prosperity, anti-energy approach of  ‘no-energy, no-way, from-no-where’, will continue a race towards a whole scale failure of our energy grid and our society.

If we want to live like primitive savages with the lower life expancies and the lower standards of living in third world countries, we are on the right path. If we’d rather prosper like we have since the beginning of this great nation, then the President and those like him that want to unravel our country must go.

Filed under: Energy, Environment, Middle East, Politics, , , , , , , ,

Obama’s Big Government Administration Learns Painful Lessons about the Real World

After many disingenuous statements from the Administration on how Wall Street ‘caused’ the housing market collapse, the real world has once again stepped in to squash their flawed collectivist world view with reality. 

The free market works when it is free and populated with private businesses working with, and responding to, rational market incentives.

Whenever the Government interferes (whatever its ‘good’ intentions) in the private marketplace, it always causes more damage than good as an outcome. Why? Because the Government does not work on the same principals as private business. Private businesses have to adapt to economic conditions or risk going out of business. The Government only makes and responds to political conditions. Given that, how does any think it would EVER it would or should act outside its sphere in the economic realm? The Government never has to worry about ‘going out of business’, so it does NOT act rationally in a free market environment. It’s that simple. 

As I’ve said in the past, politicians of primarily Democrat party orientation have pushed the flawed concept that you had a right to a house. This was especially true if you were of a preferred ethnic minority background or were of a lower economic strata. Through Government interference of Fannie Mae and Freddy Mac and the Community Reinvestment Act (CRA), Democrats have tried to buy votes through ‘buying’ people houses they couldn’t afford. This financially irrational behavior was done through political pressue on banks to make bad loans to politically favored groups (CRA) or using fake, Government ‘business’ entities (Fannie and Freddie) to buy bad loans with our tax dollars.

What they didn’t realize is that this would, over the course of 10-15 years, create a multi-trillion dollar housing bubble that would severely injure the US economy and ripple through out the world economy as well. 

Wall Street did NOT create this financial melt down. The Government and Democrats did by politically interfereing in the US economic market. Now, like with all their collectivist or utopian worldviews, we all have to pay when reality comes crashing down.

Filed under: Business, Economy, Politics, , , , , , , ,

Will Obama Get it? Pre-SOTU Comments

Will Obama get that the country’s private sector, free market economy is held back by his collectivist attitude and policies or will our rookie President continue to run the most anti-business, anti-American values administration in recent history?

My guess is he won’t get it. Unless his rigid adherence to discredited collectivist ideas changes, he will still push to spend more (grow the government) and use the government to ‘create’ (or save) jobs like he has been unsuccessfully doing now for 2 years.

Pundits suggest (I think accurately) that he will talk a good game of going to the center, but will not do anything of substance to back it up- just like the campaign rhetoric that got him elected. They say he will use focus-group tested political marketing for the mentally dim like ‘investment’ instead of spending and tie these distorting terms to feel-good topics like education or jobs. So, if we hear tonight that we need to ‘invest’ in our schools and jobs for our economy to grow, we’ve just gotten more rhetorical blather to cover up that he will try the same failed approaches again and hope for a different outcome.

Reality and human nature are such harsh courts of appeal when it comes to collectivist and utopian theories. I wonder how many repetitions it takes before the outcome not matching the theory shows that certain theories don’t work? You don’t need to be smart to get this- you need to be wise.

The big question is: Will our book-smart and world-dumb President finally grow in wisdom? Will he finally start to support American founding values like smaller central government, individual liberties and freedoms, and get government out of the way so our private, free market will function again?

While he threatens us with whole-scale ‘transformation’ to the fascism of collectivism and the degradation of individual effort and reward, we will go nowhere economically and socially.

Filed under: American Values, Business, Economy, Philosophy, Politics, , , , , , , , , , ,

Taxcuts and the ‘Rich’

The President wants to raise taxes on those who make more than $250K while continuing our less-than-stellar tax levels for the few others of us under that figure that actually pay taxes.

This is another reason why we will never see any significant new job growth for as long as Obama and collectivists of his mentality continue to advance these broken economic ideas.

This economy is squarely depressed because of this Administration’s policies- not Bush or any other scapegoat. The market is rationally assessing Obama’s anti-business outlook and burdensome/costly future policy statements (Expire Bush tax cuts, Cap and Tax, Negative ObamaCare impacts coming up, Green ‘jobs’ focus, etc.) as toxic to taking any business risk or investing for growth. And why wouldn’t they? Where’s the upside? There is none. All of this Administration’s tone is how anyone making more than the poverty level should be ashamed of their success and get ready to hand over significantly more of their hard-earned profits to Big Government. Temporary, tepid tax measures will not motivate job growth. Higher taxes will not motivate job growth. Temporary, minute infusions of cash for disproven Keynesian ‘growth’ theories (also called history) will not motivate job growth.

Now on to the term the ‘Rich’. How long will politicians in our country try to push this resentful and Feudal term? Everyone in this country should be unashamed to say they want to be ‘rich’. America is the land of opportunity for those that want to work for it. No one here is born into some aristocratic class and the rest of us are stuck being peasants. The real meaning of the term ‘Rich’ class is the Productive class, the Investor class, or the Job Creation class. Where does Obama think the jobs come from? The very people he demonizes!

Just in case people are not aware of it, the top 1% of Americans pay 40% of our taxes already- a patently unfair share as it stands now. The top 10% pay 70% of our total taxes! And he thinks they need a tax hike?! This is unbelievable!

Democrats in Congress have just made an announcement that they are running away from/avoiding this issue like everything else unpopular they want to do because an election is coming up. If it’s not okay now, it’s not okay 6 months from now! This will still be hanging out there and the Investor class will still be sitting on cash (and therefore job creation) because of it.

Send a message this November! Vote!

Filed under: Business, Politics, , , , , , ,

Obama Still Has No Idea How Our Economy Works

Leaving aside an 11th hour ‘conversion’ by Obama to seeing the value of (some) tax cuts, the cuts he does propose are targeted, temporary, and will primarily only benefit big business.

This ploy to pretend he is suddenly for business will not affect the largest component of our economy- small business owners.

If we convert the ‘Bush tax cuts’ into the ‘Obama tax hikes’ on top of this, things will get even worse. Small business owners tend to file taxes as individuals. They may make $500K in revenue/income, but if you plow $450K of that back into business expenses and taxes, the actual $50K you might use to live on is not much.

The bad news is that their income falls into the hate-the-rich category that Obama uses as examples of morally bad guys that owe money to his unskilled, unproductive, and/or un-ambitious core-constituency.

The punishment of small business owners will be in the form of increased taxes for govt welfare, subsidies and general, short-term vote buying. They will still have no long term (critical!) incentive or confidence they can, or should, risk their money to expand their businesses. The only long term-anything that Obama and his like-minded Democrats will accomplish is long term damage to our economy and founding principles with their collectivism.

Note to the Prez: 70% of our jobs come from SMALL businesses! So how will this current ‘tax cut’ ploy and higher taxes in Jan2011 create jobs? They won’t. Again.

And we’ll continue to suffer economically as a country for their lack of wisdom and leadership on this issue.

Somebody in White House should tell the President: It’s the results, stupid- not the rhetoric.

Filed under: Economy, Politics, , , , , , , ,

More Proof Why Government Can’t Run Businesses

Once again, it’s painfully evident to everyone except the Obama administration that the realities of politics and the realities of running a business are completely different and virtually always are. 

The motivators of politicians (vs. leaders) are votes, public perception, and the pursuit of power. The motivator of businesses is profit from the sale of their goods and/or services to the marketplace.  The restructuring of a rigid, non-responsive and failing company so it can more efficiently serve it’s market is critical if that company wants to survive. So, it was amazing to read:

GM proposed moving out if it’s Detroit’s Renaissance Center HQ to its sprawling suburban tech center, arguing that the move would save money and would symbolize a commitment by top brass to be more involved in the company.

But this would involve some creative destruction in the marketplace to create a sustainable, long-term outcome of a viable company instead of a dying one. This, however, was not a consideration at all to the politicians in the white house:

But the “hands-off” White House snuffed the idea, opting to protect Detroit — a key political constituency of the Democratic Party. “Are you out of your mind?” Rattner quoted Brian Deese, who has been heavily involved in auto policy, as saying. “Think what it would do to Detroit.”

This is why Govt can’t and should not try to run businesses or be an actor in the market place. This is why, if GM ever recovers, it will take much longer than it would have in a free-market situation.

And the White House wonder’s why they have not been successful in creating jobs?

Filed under: Business, Economy, Politics, , , , , , ,

A Call for Justice against Govt Perpetrators of Climate Fraud

Viscount Monckton on Climategate: ‘They Are Criminals’ (PJM Exclusive)

The man who challenged Al Gore to a debate is furious about the current explosion of taxpayer-funded climate fraud by governments— and says why you should be, too.

Read what this real leader and climate hero has to say on all of the junk-science and fraud being done at our expense:

http://pajamasmedia.com/blog/viscount-monckton-on-global-warminggate-they-are-criminals-pjm-exclusive/?singlepage=true

Filed under: Environment, Global Warming, Politics, , , , , , , , ,

Common Sense Health Care Solutions

Here is an excellent YouTube articulation of my own postings on the simple solution for health care- the free market:

How to Fix Health Care: Lasik Surgery For The Medical Debate

Interestingly, Lasik eye surgery is not covered by insurance and is completely a free market offering. Over the last 18 years, it has gotten cheaper, the care around delivery is driven to be excellent to get customers, and the technology has gotten better.

Contrast this with the increasingly government-controlled or health ‘insurance’ distorted current health market. Prices are sprialing out of control and quality is falling.

Do we need to send one or more generations back to school to learn the basics of free market economics that drive the majority of the rest of our prosperity (food, clothing, shelter)?

At the base of it, there is a lack of understanding of human nature (read: lack of wisdom) and how the free market unleashes the most good for the most people by matching up with the reality of individual human nature.

Filed under: Economy, Health Care, Philosophy, Politics, , , , , , , , , ,

The Coming Economic Wages of Obama’s Collectivism

Obama’s rigid adherence to collectivist policies will have devastating effects on our economy. There are no jobs right now because of his assault on the free market concept in the form of threatened, super-expensive health care mandates, energy taxes (cap and trade), and further tax hikes on businesses by letting the Bush tax cuts expire. He is one of the most anti-business Presidents in the history of our country. Business owners will continue to sit on expansions and hiring until they have some idea what damage Obama and the Democrats are going to do to the marketplace they have to compete in. You cannot hate and attack the employer, but ‘love’ the employee. Newsflash to Obama and the Democrats: employers CREATE the jobs! Not you, the Government. Not from some magic place that just makes jobs ‘appear’.

Here’s a predictive outlook for an economic nosedive in 2011:  The Coming Crash of 2011

After reading and analyzing this article, I would put money on this outcome occurring unless the 2010 elections clean Democrats out of the House and Senate and Republicans (hopefully) put up an effect blocker to Obama\Reid\Pelosi collectivism.

Even then, it still might be too late to avoid much of the effects of multiple tax raises, nationalization/collectivization of our economy, and more deficit creation from our Roman emperor who just wants to spread bread and circuses to placate the masses (like when he was a community ‘organizer’).

Filed under: American Values, Economy, Philosophy, Politics, , , , , , , , , ,

Obama Still Lacks Wisdom to Solve the Country’s Problems

After the recent loss for Democrats in Massachusetts, the following response came out about Obama:

The official said Obama was furious with Democrat Martha Coakley for what many in Washington saw as inept handling of a once-sure victory for the seat long held by Kennedy. The president also, undoubtedly, was mad at himself.

He said as much in a first-year anniversary interview with ABC News, acknowledging that he had made a mistake in not making his aims clear to the American public — a failure he already had planned to correct but which now had become more imperative. (article source)

It’s hard not to mock the President after reading the above. He still thinks it’s the messaging that has caused his failure of results. That he has not been clear enough. It’s the content! His ideas don’t work! His aims have always been clear just like his most-leftist Congressional voting record: he is an old-school collectivist.

When will he and the other collectivist Democrats finally recognize that their ideas are bad? That collectivism in all its forms does not work? He is naive and completely lacking wisdom if he thinks loving the employee (as long as they don’t make too much) and hating the employer will create jobs! This is one of the most anti-business administrations in history. How deluded is he and his administration? Did radical mentor Saul Alinsky totally brainwash Obama?

Unless he abandons his leftist ideology, Obama will be a one-term president ranked in the bottom level with the likes of Jimmy Carter.

Filed under: American Values, Economy, Politics, , , , , , , , , ,

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