American Elephants

Here’s Why We Like Col. Allen West. by The Elephant's Child

A Little Pre-Election Deception. Is Anybody Fooled? by The Elephant's Child
September 25, 2010, 4:08 pm
Filed under: Capitalism, Democrat Corruption, Economy | Tags: ,

Cynicism reigns in our nation’s capitol.  It’s only a few weeks until the mid-term election.  Polls are highly uncomfortable for the Democrats, and they are anxious to get home and campaign desperately to keep their jobs.

And one big thing they don’t want to do before they have to face the voters is vote on raising your taxes.  What if they voted against it and everybody else voted for it and they got blamed with everybody else.  Huge issue.  If they do not vote to extend the Bush tax cuts before the end of the year, your taxes will go up significantly.  They’re unpopular enough already.

Ordinary Americans have made it clear that they don’t want their taxes raised.  They not only don’t want another hit on their pocketbooks, they are well-informed enough about basic economics to know that it’s not a good idea to raise taxes during a recession.  And no matter what economists claim that the recession ended last June, Americans don’t agree.

in a recent Fox News/ Opinion Dynamics poll, 63% want the tax cuts to remain in place.  In the latest IBDD/TIPP poll, 48% favor making the cuts permanent vs. 30% opposed.  39% support letting taxes go up on those earning over $250,000, but 44% oppose the idea.

However Democrats were to vote, they would anger a big chunk of voters, so they’re out-of-town, and they’ll face up to it later — in the “Lame Duck” session after the election.

Economist Curtis Dubay of the Heritage Foundation estimates that allowing taxes to go up on the rich will cost the economy another 7 million jobs over the next decade, and nearly 4720 billion in income.  Democrats have worked themselves into an uncomfortable box.  They hope you won’t notice.

It’s Not Only the Spending, It’s That the Policies Won’t Work! Part II by The Elephant's Child

“The science is beyond dispute.  The facts are clear.  Sea levels are rising,. Coastlines are shrinking.  We see record drought, spreading famine, storms that are growing stronger each passing hurricane season.”  Barack Obama, Nov. 17, 2008.

The president has made innumerable variations of this statement, but he continues to be a true believer, in spite of all evidence to the contrary.  Billions of dollars have been invested by this administration in the belief that global warming is real or a belief that the support from activist environmental organizations must be paid back.

Here at American Elephants we believe that the globe is always warming and cooling just as it has for centuries. We don’t know what the “right” temperature is.  We believe that since wind turbines and solar arrays must have constant 24/7 backup from conventional power sources they are of no use at all and  that nuclear plants have proved their efficiency and dependability.  I entered “global warming” in our own search function, and was startled to find over 200 posts.

The federal government is handing out $2 billion for new solar plants that the president claims will create thousands of jobs and increase the use of “renewable-energy sources.”   Spain’s experience proves this to be a pipe dream that will cost 2.2 jobs in the regular economy. Spain has recognized that their wind and solar jobs were a big waste of money.  The Spanish unemployment rate is over 20%,  and spending $750,000 for each green job didn’t work.

America’s green jobs are being created in China, South Korea and Spain.  About $92 billion of the original $814 billion stimulus funds was targeted for ‘renewable’ energy projects.  The American University’s Investigative Reporting Workshop reported that 11 U.S. Wind Farms used their grants to purchase 695 out of 982 turbines from overseas suppliers. Wind is not power at all.

Those who really understand the energy industry and the technologies involved tell us that wind energy does not work. It is not technically sound, economically  competitive, or an environmentally beneficial method of producing electrical energy.  Solar is even less so, and neither replaces petroleum.  Ethanol is a scam. Any widespread use of electric cars is years and years away, if ever.  Obama seems to believe that if he orders something to be, and throws enough money at it, then it will be. This is not reality but wishful thinking. And the green jobs are as insubstantial as the energy which they involve.

A CBO study “How Policies to Reduce Greenhouse Gas Emissions Could Affect Employment” showed that job losses in the industries that shrink would lower employment more than job gains in other industries would increase employment, raising the overall unemployment rate.  In other words, there is no green stimulus.  Carbon cuts lead to net job losses.  Those who keep their jobs will get reduced pay.

Obama’s appointee to the chair of the Federal Energy Regulatory Commission (FERC) declared that the United States had no need of new nuclear or coal baseload electricity generation, and that wind was going to be “the cheapest thing to do.”

Robert Pelitier, editor of Power magazine wrote:“If we assume the entire eastern coastline were open to development, then there is room for 3,600 wind turbines, one row deep.  Also, if the rating of all these new turbines were the same as for Cape Wind”  — that’s the project stalled by the Kennedys and Kerrys of the world for threatening their views — then to replace the entire nation’s installed capacity with a like amount of offshore capacity requires 334.462 wind turbines.  In other words, the entire east coast would have wind turbines…located every half-mile and 93 turbines deep (over 30 miles) out to sea.”

Donald Hertzmark of Master Resource did a little math experiment.  He picked a number at random $287.4 billion dollars.  In green tech, you can construct about 136.9 GW of wind generation.  At an average plant factor of 25% this would yield about 299.7 billion kWh per year.  Another way to generate 300 billion kWh a year it to take 2 trillion ft³ of gas from shale deposits, put that gas into 45.6 GW of CCGT units operating at 75% plant factors, then your 299,7 billion kWh would appear.  To produce 2 trillion ft³ of gas from shale annually you need about $85 billion (present value) in fixed investment and production costs over 20 years.  You also need to build the CCGT plants, for say, $38 billion.

The “bad” future, the one that produces reliable and clean electricity from natural gas (domestic US gas) will cost about $123.4 billion or 43% of what the windy future costs, and we’d have $154 billion left over.  The administration is math-phobic?

The Obama administration has insisted that their policies and subsidies have created a boom in ‘”green jobs,” to the tune of 200,000 positions in the alternative energy or environmental industries.  Senator Charles Grassley has been pushing the administration to substantiate its claims.  It turns out that the administration has adopted an unusually broad definition of such jobs that could include financial advisers, wholesale buyers, reporters, public relations specialists, marketing managers and other occupations whose connection to protecting the environment is — um — rather gauzy.  Reporters and correspondents?

Universities are offering majors preparing students for “green jobs,” another cheat.  There are some, but scarce, and departments will be downsizing.

ADDENDUM: Here is a column appearing in the Sunday Washington Post, from Robert Bryce, energy expert and senior fellow at the Manhattan Institute, identifying “Five Myths About Green Energy,”and taking a hard look at common misconceptions about what “green” means.

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