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.

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

High Gas Prices have always been part of the Green Agenda

Obama has said it on record many times. Numerous green advocates in his administration have said it as well:

While the head of the Lawrence Berkeley National Laboratory in California, Chu (Steven Chu- now Obama Energy Secretary), told The Wall Street Journal that energy prices were the lynchpin to an energy overhaul. “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,” Chu said in September 2008.

Then the public will conform to central command and get off that pesky, cheap, prosperity-driving fuel source called oil. 

The only problem with the ‘Green’ Agenda is that:

A: It does not work or deliver anything usable at a reasonable price.

B: It can only be afforded/indulged in by the wealthy, dual-income couples, or empty nesters at the height of their earning curve.

C: It most harms the poor and will cause them, and the economy in general, great suffering before we achieve any significant green ‘transformation’ (read this as a regression to a third world or primitive standard of living) of our society.

Why is our national leader, the President (and his administration), not pulling out the stops to jumpstart domestic energy production and start reducing our vulnerability to backwards Middle Eastern regimes and the chance of war? This is the reason. Welcome to the green revolution.

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

Obama- A Man Permanently Out of Step with America



I’ve seen a bizarre pattern where our (younger) President embraces and proposes the failed theories and mis-learnings of past eras that were before his time. He espouses failed collectivist theories of the 20’s and 30’s as well as a desire to be a modern-day John F. Kennedy (who was also young and lacking experience). Obama wasn’t around in the 1920’s or 1930’s and was only between 4 and 7 years old when Kennedy was president.

 

When the President sought to rally our nation with a “This is our generation’s Sputnik moment,” in his 2011 State of the Union address, I had to wonder: ‘who was he talking to?’ It certainly wasn’t ‘our generation.’ Who today feels an emotional impact from that statement- if they even get the reference? Did a 70 year old write the state of the union address?

 

I’m 44 and the ‘Sputnik Moment’ occurred 10 years before I was even born. This would be the same for someone who was 54 (born that year) and likely lost on anyone who was 10 years old or younger. That would put you at retirement age! And honestly, adults in their 20’s and older would be the ones that really reacted to, and did something about that with our own space program and moon landing in 1969.

 

If you were 20 in 1957, you’d be 74 this year. If you are younger than that, the Sputnik Moment is only an intellectual footnote in history to you. For most, it was likely a moment of blank faces and puzzlement.

 

Our country will be saved, revitalized, and restored by the present working class of our country: 18 to 64 years of age. Like with all the major themes of his collectivist and utopian presidency, Obama is just fundamentally out of touch with the reality of our American experience that is happening today.

Filed under: American Values, Business, 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, , , , , , , , , , ,

An Insight into the Mind of a Disconnected US President

The below three articles are great insights into the obtuse and sometimes unexplainable worldview of President Obama. It provides answers to questions like:

• What were his formative years like and where did he live them?
• What was his family life like?
• Why does the President hate and work so hard against business and private industry?
• Why does he seem to not share the values of average Americans?
• Why is the President a rigid believer in disproven, collectivist theories?
• What drives the bizarre, anti-American foreign policies of his administration?
• Why does the President seem unaffected by the recent ‘shellacking’ of his party in the 2010 Midterm Elections?

Neocolonial Dreams from Obama’s Mother
George Neumayr (American Spectator Article)

How Obama Thinks” **A must read!**
Dinesh D’Souza (Article in Forbes Magazine)

He Won’t Be Moving to the Center
Janice Krause (American Spectator Article)

Filed under: American Values, Culture, 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, , , , , , ,

Where’s the President’s Support for America?

Scenario 1: An Islamic project that is legal, but socially insensitive to Americans
An Islamic mosque is proposed to be built nearly on top of ground zero of the Islamic terrorist attack of September 11, 2001. An attack that killed more Americans in a single incident than any other point since World War 2. A large percentage of Americans both locally and nationally are upset and against the proposed 13 story building. They see it as a slap in the face to the victims and other see it as a propaganda symbol for Islamic extremists and terrorists globally.

As the conversation progresses, it is clarified that it is not a question of legality, but of one of prudence and social sensitivity.

The President dances around the topic making a statement about the legality, but he literally says “…I was not commenting and I will not comment on the wisdom of making the decision to put a mosque there [Ground Zero].”

Scenario 2: An American event that is legal, but socially insensitive to worshipers of Islam
A nobody preacher goes public saying that he’s going to burn Korans. When ever a perceived slight of this religion arises from the West, riots and death threats are issued from Islamic groups all over the world. This could also increase violence in areas with Islamic influence where our troops are deployed.

It is not a question of legality but one of prudence and social sensitivity.

This time, the President and his appointed representatives fall all over themselves to make statements pleading for tolerance (social/cultural sensitivity) by this pastor and Americans against the burning of Korans.

Summary
Our President is an utter failure on this issue as a leader of America and Americans. He can immediately issue statements recognizing the social insensitivities for foreigners in the Middle East, but just cannot bring himself to the same statements supporting his own people!

It’s like he’s a leader for the Middle East not America. It’s like he’s a supporter of Islam and not Christianity. Bottomline: it’s like he’s anti-American, which is mind boggling to consider in the office of the President of the United States.

We need to stand up and show our outrage at this abandonment of leadership and America come this November to this President and those in Congress that support this anti-American worldview.

Filed under: Culture, Middle East, Politics, Religion, , , , , , , ,

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, , , , , , , ,

The Painful Process of Watching Liberals Trying to Create Jobs

Why are there are no jobs forth coming? Why has the ‘recovery’ been jobless? It all can be traced to the top: The collectivist ideology of the President and his administration, his surrounding interest groups, and his economic advisors.

Socialism/Collectivism: The President and his administration mistakenly believe that the Government can create jobs. This is false. The PRIVATE SECTOR and PRIVATE CITIZENS create businesses that create jobs. The Government can only do a couple of two things. It can create Government jobs and it can remove or minimize the barriers of tax and regulations to unleash business growth and the American entrepreneurial spirit. Obama understands none of this because he lacks wisdom about human nature and what works. Instead, he uses old, disproven socialist dogmas that the Government can centrally run the economy- that spending tax dollars taken from a productive group to buy the allegiance of a non-productive group will somehow stimulate the economy. He has apparently projected his view of the uneducated, unskilled that he plied with tax dollars as a community organizer onto the country and economy as a whole. He does not understand regular Americans or how the private sector drives the economy.

Green ‘Jobs’: He is beholden to the idea that unsustainable wind mills and solar cells will create a green ‘industry’ that create untold ‘green’ jobs and boundless energy to boot. I am an environmental science major. I wish this could be true. The evidence thus far is that no green technology has been innovated yet that is cheap enough, productive, stable, or consistent enough to produce anything substantial in the free market. Thus far is an abject failure. Without Government subsidies, all these ‘businesses’ grind to a complete halt. The ‘green industry’ is a total sham. Until the Government gets out of the way and private citizens innovate something that regular people want to buy or use instead of affordable, consistent, and sustainable fossil fuels, it’s an idea before its time (and they can be out-sourced, too).

Unions: The President is beholden to Unions as an interest group. Everything they stand for is anti-business. It’s almost childish in nature the way Unions argue their case for artifical, unsustainable wages for labor in an otherwise free market. Then they are baffled when they destroy industry after industry. This is an easily seen historical fact. Unions destroy more jobs than they ‘save’. They create nothing.

Failed Keynesian Economic Theory: Bush was also involved with allowing economic advisors to push this, but Obama has now applied this failed approach on a much bigger and damaging scale. Spending money (our money) to ‘stimulate’ the economic spending of people and businesses is like treating the symptoms of a disease and not the cause. Once the money cycles through the economy, it’s gone. No business owner is going to hire more people and risk money to expand based on short term political spending. Here we are the better part of a year later and only 25% or so has been spent and joblessness has only gotten worse. Business growth is spurred by things business owners can objectively count on like paying less tax so the cost and burden on working harder is less and they have a better chance of succeeding.

I won’t even get into how the collectivization and destruction of the health care market via Government take over, a huge future carbon tax, and the general socialist attitude of the Government is depressing any business growth or risk taking. If I were I big or small business investor, I would be sitting on my hands, too. I would be waiting to see what radical and non-free market ‘change’ (seizure/destruction) this administration will ram down our throats. The majority of Americans are beginning to wake up to the lack of wisdom and lack of American values and ideals they share with Obama and his collectivism. Unfortunately, we will have to suffer more economically until they figure out how jobs are really created or are voted out of office.

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

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