Filed under: Africa, Australia, Canada, Politics | Tags: Middle Class Jobs, Obama's Economic Record, Spending and Taxing
President Obama went to Chattanooga, Tennessee last Wednesday for a big speech on jobs at the Amazon fulfillment center. Let’s just say it was not one of Mr. Obama’s better efforts. He wants a “better bargain” for the middle class. He has this weird idea that the economy grows “from the middle out,” which nobody understands, but he’s trying to make the middle class feel important.
He said that “over the past four and a half years, we’ve been fighting our way back from the worst recession since the Great Depression.” He’s used this line over and over, but that does not make it true. It was a sharp recession, others have been worse, but we usually recover more quickly from a sharp recession. The recession ended in June 2009. It is the recovery that has been the problem.
From Zero Hedge: “Of 953,000 jobs created in 2013, 77 percent or 731,000 are part time. The U.S. is slowly being converted to a part-time economy.” According to Obama, it is because of the “long-term erosion” that it’s so hard to get the economy growing again. (Not His fault). “Together we’ve righted the ship. We took on a broken health care system.” The health care system was not broken, but the best in the world. There were something like 35 percent who had no health insurance. And we have learned that when Obama Care fully takes effect, there will still be about the same number who have no health insurance.
As Thomas Sowell said “It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer it.”That’s what they did not understand. And what has happened is that businesses who have large numbers of low wage people cannot afford what ObamaCare demands that they pay, so they are switching to part time employees, and they will have to hire twice as many part-time workers. There are always consequences.
Obama is going to fix the middle class with lots of construction jobs. You probably remember that he said that “those shovel-ready jobs really weren’t shovel-ready.” Construction jobs are complicated. First you have to get the agreement of the concerned governmental unit. Plans must be drawn up. Long approval process. Environmental impact statement. Long approval process. Legal battles with those who don’t like the project, and there are always those who don’t like the project. Repeat approval process. Construction jobs are not permanent jobs. They attach to a project.
The president added that “we invested in new American technologies to reverse our addiction to foreign oil.”Sigh. We were never “addicted” to foreign oil. We had a government that wanted to buy foreign oil instead of allowing drilling for our own resources, and a government that extended the ban on offshore drilling in the case of Deepwater-Horizon to an absurd extent that sent ten big rigs off to other countries that were more cooperative, with their crews, and shut down the economy in the Gulf for months for no particular reason except that the President was ideologically opposed to fossil fuels, and subsequently forbade any drilling anywhere else, like offshore Alaska, onshore Alaska, West Coast, East Coast, Florida coast.
You don’t make the economy grow from the middle class out. A reviving economy will provide opportunity for all. ObamaCare is the biggest drag on the economy, but the”green jobs” in new 21st Century technology are nonsense. Spain and Portugal are dying from excessive investment in green technology. In Germany, Siemens burned through 21 Billion Euros and is out of the solar business. Wind and Solar are old, old technologies, and sexy new turbines or solar shingles seem like wonderful new technology, but the inherent problems of wind and solar remain the same. Wind is too intermittent, Solar is too diffuse.
How about doing some of the things that actually help businesses to create jobs? Obama has in mind a new “Grand Bargain.” He will reform the corporate tax code. His willingness to cut back the U.S. corporate tax, which is the highest in the developed world which taxes businesses on the income they earn in other countries. It destroys jobs and lowers wages for American workers and is way overdue for reform.
The central purpose of tax reform is to invigorate economic growth. Broadening the tax base (closing loopholes) and subsequently lowering tax rates is a good thing. But Mr. Obama wants to use some of that revenue to increase spending, which turns the whole thing into just another tax hike. He can’t give up the spending, and he needs more revenue to do it.
Filed under: Canada, Capitalism, Democrat Corruption, Economy, Energy, Foreign Policy, Junk Science, Progressivism, The United States | Tags: Confidence and Trust, The Keystone XL Pipeline, TransCanada Corporation
President Obama did a rare interview with the New York Times on Wednesday, and there was this interesting exchange:
NYT: The “Keystone XL pipeline — Republicans talk about that as a big job creator. You’ve said that you would approve it only if you could be assured it would not significantly exacerbate the problem of carbon in the atmosphere. Is there anything that Canada could do or the oil companies could do to offset that as a way of helping you to reach that decision.”
MR. OBAMA: Well, first of all, Michael, Republicans have said that this would be a big jobs generator. There is no evidence that that is true. And my hope would be that any reporter who is looking at the facts would take the time to confirm that the most realistic estimates are this might create maybe 2,000 jobs during the construction of the pipeline — which might take a year or two — and then after that we’re talking about somewhere between 50 and 100 [chuckles] jobs in a (sic) economy of 150 million people.
NYT: Yet there are a number of unions who want you to approve this.
MR. OBAMA: Well, look, they might like to see 2,000 jobs initially. But that is a blip relative to the need.
So what we also know is, is that that oil is going to be piped down to the Gulf to be sold on the world oil markets, so it does not bring down gas prices here in the United States. In fact, it might actually cause some gas prices in the Midwest to go up where currently they can’t ship some of that oil to world markets.
Now, having said that, there is a potential benefit for us integrating further with a reliable ally to the north our energy supplies. But I meant what I said; I’m going to evaluate this based on whether or not this is going to significantly contribute to carbon in our atmosphere. And there is no doubt that Canada at the source in those tar sands could potentially be doing more to mitigate carbon release.
— In December, 2010, TransCanada Corporation released a detailed job breakdown for the Keystone XL pipeline, and said it will create 13,000 construction employment opportunities, and 7,000 manufacturing jobs in America.
In response to critics who argue that the company’s job creation estimates for the project are too high and will lead to ‘a few hundred’ temporary jobs, the company shot back with a detailed account of employment potential in the United States, right down to the number of oilers, labourers and welders needed for the U.S. $7 billion project.
“These are new, real U.S. jobs. Thirteen thousand American would be put to work constructing our Keystone XL project,” said Russ Girling, TransCanada’s president and chief executive officer in a statement. “Seven thousand more jobs would be created in the U.S. manufacturing sector, making materials needed to build Keystone XL.”
The project would also need millions of dollars of materials such as steel pipes and related services, which would generate indirect jobs and revenues for American suppliers.
Construction of the 1,600 mile pipeline is broken down into 17 U.S. pipeline spreads or segments, with 500 workers per spread — that’s 8,500 jobs.
Keystone XL also needs 30 pump stations worth tens of millions of dollars. Each station requires 100 workers — that’s 3,000 jobs. Add another 600 jobs that would be needed for the six construction camps and tank construction at Cushing, Oklahoma.
The project would need construction, management and inspection oversight — that would create 1,000 jobs, bring the overall Keystone XL total to 13,000 direct on-site jobs.
If I remember correctly Mr. Obama went to Cushing, Oklahoma for a photo-op in front of piles of gleaming steel pipe. He was going to approve the southern portion of the Keystone that stretched from Cushing to Texas or Louisiana, I forget which. I never read anything further about that, so perhaps it never was started. The president did get his picture taken though.
So, there is some evidence that there’s a little more than somewhere between 50 and 100 jobs (chuckle) in an economy of 150 million people. (150 million? )
Granted this was a 2010 estimate, but I feel confident that the President of TransCanada published an accurate summary.
Unfortunately, I cannot trust information from the American administration. All is political, at all times.
And there is no such thing as “carbon pollution.” Carbon Dioxide in the atmosphere is a natural fertilizer, Makes plants grow, feeds the hungry people of the world. If there were no carbon there would be no life. “Carbon pollution” indeed.
Filed under: Canada, Environment | Tags: Lac-Megantic Fireball, Runaway Oil Cars Explode, Scores Feared Dead
A runaway train carrying 73 cars of crude oil derailed and four cars under pressure exploded sending a huge fireball into the sky over Lac-Méganatic, Quebec about 1:00 am last night. It destroyed much of the center of the 6.000 resident town. The train was apparently parked while the engineer waited for his replacement. Flames have been too hot for rescuers to get closer or determine the extent of the damage. More of the tanker cars may be under pressure and liable to explode.
It is not known if anyone was killed or injured in the blast. There are sixty missing and scores feared dead, but no one knows who was home or just away. At least thirty buildings were destroyed, including shops, homes and the library and newspaper office. About 250 residents have taken shelter in a Red Cross center set up in the town’s high school.
Some crude oil has spilled into the lake and the Chaudiere River, but the extent of the spill is not yet known. What a horror to wake in the middle of the night with your town exploding. Plumes of smoke can be seen from 10 km away. Our thoughts are with the stricken townspeople. More here.
Filed under: Canada, Foreign Policy, History, Humor, Politics, The United States | Tags: Bizarre Border, Odd History/ Odd facts, The Border With Canada
With a new Immigration Bill being battled in Congress, we’re hearing a lot about the southern border and all its problems, but we don’t hear as much about our northern border. It too is a long border, but with some surprising history and odd facts. That straight line you see on maps is not quite as simple as it looks.
Borders are complicated. We had wars over our southern border which we won, and some Mexicans want a do-over. That’s not the way it works. We had several wars over our northern border, our Revolution, the War of 1812, and don’t forget the Pig War and 54-40 or Fight! If you don’t know that history, you’ll have to look it up. This is a fun video.