Filed under: Humor, News, Politics, Pop Culture | Tags: Facebook, Global Warming, Obama, Obamacare, Stack of Stuff, Twitter
Coming Soon to a planet near you? Two Suns — News.com.AU
Chomsky: GOP win means end of the world, or something — Daily Caller
“Civility” in Russian Politics [Warning: NSFW] — You Tube
28 States now suing to stop Obamacare — FOX News
Facebook/Twitter don’t connect people, they isolate them — The Guardian
World’s Laziest Mailman hoarded/burned mail — Seattle Weekly
“Knokkers”: Like pool, but with bowling balls — Geekology
Hidden Inflation: Same Price, Less Product — CNN Money
New Captain America: less spandexy more soldiery — I Watch Stuff
Filed under: Capitalism, Economy, Freedom, Politics, Statism, Taxes | Tags: GE's Jeffrey Immelt, Regulation and Control, Worry and Uncertainty
President Obama ‘s State of the Union speech this next week will emphasize private sector job creation and economic growth. He wants more funding for infrastructure, education and research. Obama is hugely frustrated. The advice he has followed and the policies that have been implemented have not resulted in job creation; and at some level he must understand that all those jobs “saved and created” were hooey.
He has asked Jeffrey Immelt, CEO of General Electric Co., to head a new White House board to find ways to foster job growth and competitiveness. The board will replace an existing panel called the President’s Economic Recovery Advisory Board led by Former Federal Reserve chairman Paul Volker. Mr. Immelt was also a member of that board.
The purpose of the President’s Council on Jobs and Competitiveness is to advise the president on “finding new ways to promote growth by investing in American business to encourage hiring, to educate and train our workers to compete globally and to attract the best businesses to the United States.”
As the president understands it, government has to invest in business to get them to hire. Our workers need to be educated and trained to be able to compete globally, and the government has to do a better job of getting other countries to bring their businesses to this country. What he is describing would be a long term process, and one that has little to do with why job growth has not resumed. Those beliefs are what comes of never having held a job in the private sector.
Mr. Immelt is an interesting choice. In the depth of the financial crisis, GE required a bailout from taxpayers to the tune of $139 billion for FDIC backing of GE Capital Debt. In 2009 Immelt eliminated 18,000 GE jobs in spite of government stimulus and subsidies. Mr. Immelt has been quite successful in securing government largess to enhance GE’s bottom line.
GE supposedly wrote the bill banning incandescent lightbulbs, and closed their bulb making plants in this country. The new twisty bulbs, universally hated, which will involve much higher profit for GE will be made in China. GE worked closely with the authors of the Waxman-Markey climate bill to promote cap-and-trade, and is working to ensure funding for the F136 Engine for GE Aviation. The proportion of GE’s jobs based in the US. has dropped under Jeffrey Immelt. Is a star rent-seeker the best person to advise on unemployment?
President Obama’s misconceptions, particularly in the area of energy, are doing real damage to his hopes of jobs creation. He believes that forcing the public to use less fossil fuels will force them to use higher cost “green” energy, which in turn will relieve our dependence on “foreign oil.” But “green” energy from wind and solar produce only small amounts of very costly electricity — which powers a few of our vastly more expensive lightbulbs. Petroleum powers our transportation sector. The higher costs of energy derived from this misconception kill jobs.
If the outer Continental Shelf, ANWR and the Rockies were opened to drilling, it would add around 530,000 high paying jobs. Opening up the Marcellus Shales would add another 280,000 jobs. Development of the Canadian Oil Sands would add something like 249,000 American jobs. Cheaper oil and natural gas would also help to create jobs. When you increase costs for an employer, then he is less likely to hire.
The president has stated twice in speeches that CO2 is poisoning the water, suggesting that he is unfamiliar with soda-pop. The EPA is trying vigorously to treat CO2 as a poison, ignoring the presence of CO2 in Coke, Sprite and Root Beer, as well as its role as one of the basic foundations of life.
The International Energy Association has stated that supplies of natural gas from shale and other unconventional sources could supply the world for at least 250 years. The new technology is changing the entire energy picture, and making the push for inefficient and expensive renewable energy even more useless.
Food prices are climbing rapidly across the world, due to a combination of poor crops, bad weather and ethanol production. We can’t do anything about the weather, but the insistence on putting our corn crops in our gas tanks is misguided. The EPA is rushing ahead to demand 15% ethanol in gasoline even though studies on its safety have not been done. EPA’s rush to regulate is putting huge burdens on businesses., The more expensive you make it for business to operate, the fewer people they will hire and the less expansion they will attempt.
The president’s attempts to jumpstart the economy are well-meant: he is truly anxious to improve the job situation. History demonstrates over and over that the efforts of government bureaucrats to direct, urge, regulate and control— however well-meant— are the very thing that destroys the spontaneous, unpredictable freedom that encourages entrepreneurs to take a chance, to grow, to risk, to succeed.
The heavier the hand of government, the more that inventive spirit is battened down. That seems so clear and so simple that it should be obvious. Yet to the regulator, the failure of a regulation to produce the desired effect only means that the regulation should be revised and improved, just as the failure of a program only means that it needed more money. They never, never learn.
Filed under: Humor, Media Bias, Politics, Progressivism, Television | Tags: Czars, Keith Olbermann, MSNCB, Obama
Unbeknowst to 99.63% of Americans, there apparently exists an obscure little cable network called MSNBC; and on this quaint little Mom and Pop, “Public-Access” type outfit there exists, we are told, a most unfortunate talk show host by the Name of Keith Odorpants, who was apparently, just prior to airtime last night, summarily sacked for being an insufferable, arrogant prig.
These are hard times…hard times.
Now, we here at American Elephants hate to see people lose their jobs, especially the mentally handicapped, so we are asking you, our compassionate readers, where you would suggest the newly unemployed Mr. Odorpants might have the best chances of finding new employment that is appropriate for his special talents?
Help us help Keith. Leave your suggestions in the comments. We’ll get the ball rolling:
1. White House Civility Czar (shamelessly stolen from a commenter at GayPatriot)
2. Insufferable power-crazed authoritarian elementary school hall monitor.
3. Mouth of Sauron.