Job Losses Mount And Cap-N-Trade Will Lose More Jobs

Tuesday, July 14th, 2009

There has been something I’ve been wanting to show you guys. It is so cool: A United States map that morphs over the years to demonstrate where jobs have been gained and lost. Go look and then come back.

Disturbing, right? Informative, too. See how Katrina blew up the economy of New Orleans? See how it hasn’t really substantially returned and probably never will? Notice the financial sector disaster in New York, self-inflicted, mind you. Notice how high taxation states like California and New York suffer. Notice how Florida still bleeds from overbuilding and overvaluing property. Like a wrecking ball, the economy swings due to lack of foresight and government interference. See how the whole country suffers now?

Layer on more horrible government interference into the energy and technology sectors, as Cap-n-Trade does and what will happen? Alaska Governor Sarah Palin explains in her Washington Post Op-Ed today:

Job losses are so certain under this new cap-and-tax plan that it includes a provision accommodating newly unemployed workers from the resulting dried-up energy sector, to the tune of $4.2 billion over eight years. So much for creating jobs.

In addition to immediately increasing unemployment in the energy sector, even more American jobs will be threatened by the rising cost of doing business under the cap-and-tax plan. For example, the cost of farming will certainly increase, driving down farm incomes while driving up grocery prices. The costs of manufacturing, warehousing and transportation will also increase.

The ironic beauty in this plan? Soon, even the most ardent liberal will understand supply-side economics.

The Americans hit hardest will be those already struggling to make ends meet. As the president eloquently puts it, their electricity bills will “necessarily skyrocket.” So much for not raising taxes on anyone making less than $250,000 a year.

Even Warren Buffett, an ardent Obama supporter, admitted that under the cap-and-tax scheme, “poor people are going to pay a lot more for electricity.”

So, the Health Care plan will hurt the working class because they’ll be stuck with government run health care. In addition, the same people will be paying more for energy costs. Worse, many of these same people, the guys who work in the energy industry will lose jobs.

If this seems outrageous to you, do something. Call your Senators. Call your Congressmen. The Trifecta of Doom(TM) is before them today. Right now, this instant, while everyone is diverted by Sotomayor, it’s health care. Time is short to stop this madness and the time to act is now. [More here.]

Massive Unemployment From Cap-N-Trade: Climate Change Adjustment Allowance

Wednesday, May 20th, 2009

What is the response to the economic devastation wrought by Cap-n-Trade, that the Democrats know will come? Welfare, of course! Here’s what’s buried inside the bill:

Title IV, Subtitle B, Part 2, Section 426, of the American Clean Energy and Security Act of 2009, which states; An eligible worker (specifically, workers who lose their jobs as a result of this measure) may receive a climate change adjustment allowance under this subsection for a period of not longer than 156 weeks…80 percent of the monthly premium of any health insurance coverage…up to a maximum payment of $1,500 in relocation allowance…and job search expenses not exceed[ing] $1,500.

So, the Democrats know that this legislation kills jobs so the solution to the soul-killing nature of the legislation is enslaving former private industry workers and their fellow taxpayers who actually have jobs.


President Obama’s Mission To Bankrupt Coal Plants Begins

Tuesday, May 5th, 2009

What’s going on at the EPA? Obama business as usual, that’s what. Obama business in service to the wacko environmentalists. From Pierre LeGrand:

On April 28th Obama fulfilled a campaign promise regarding bankrupting Coal Power plants. He accomplished this by having his EPA pull a permit that had already been issued for the Desert Rock Energy Facility. Well that’s not all the EPA is pulling retroactively! They also pulled the flattering report they themselves wrote regarding the very same facility.

Take a look at these two screenshots of this report regarding that very same powerplant. Sounds like the EPA was all for it until Obama wasn’t and then poof the EPA made the report go away. Thank you Google Cache!

On April 28th Obama fulfilled a campaign promise regarding bankrupting Coal Power plants. He accomplished this by having his EPA pull a permit that had already been issued for the Desert Rock Energy Facility. Well that’s not all the EPA is pulling retroactively! They also pulled the flattering report they themselves wrote regarding the very same facility.

Take a look at these two screenshots of this report regarding that very same powerplant. Sounds like the EPA was all for it until Obama wasn’t and then poof the EPA made the report go away. Thank you Google Cache!

Obviously some serious money was lost since the permit was already issued but hey the Power Company probably wasn’t a big enough contributor to the various extortionists/national politicians we seem to have running all over the place. Change you can believe in!

Pierre says, “Gee it is almost like the EPA and Obama don’t want you to know that they are pissing away perfectly good energy sources to placate the far loony left environmentalists.”

President Obama is dismantling rational, independent energy policy one decision at a time.

Harry Reid Sneaks Provision To Ban Oil Shale Development Into

Thursday, September 25th, 2008

Are the Democrats trying to give OPEC power? You know, they talk about energy independence, but what they mean is a damaged economy that is a slave to environmental fear-mongers.

Details from Jim DeMint.

$700 Billion With A “B” Of Your Money–UPDATED

Monday, September 22nd, 2008

As the stock market tanks, I ponder whether Wall Street should be allowed to crash or not. And, have you noticed oil is up $25/barrel?

Should the Fed bailout Wall Street?
No free polls


If you oppose the bailout, does this, from Megan McArdle, change your opinion? Have you considered what it might mean for making payroll, if your money market is no longer accessible?

No doubt some of my readers are rubbing their hands and saying “Exactly what should happen to people who carry credit card balances!” And I’m sure that among you there are people who pay cash on the barrel for everything, having never taken out any loan for a house, an automobile, an education, a personal financial crisis. These people never even use an American Express Card, which is, of course, a short-term loan. They also do not work for companies that borrow money to buy capital equipment or finance expansion, and their firms do not experience any mismatch between their payables and their receivables. Those people should stop reading now, because I’m pretty sure the Amish aren’t supposed to use the internet.

The rest of us live in a world that is created and run by institutions that amass capital from millions of people and concentrate it in areas where it (usually) makes people better off. I’m particularly confused by conservatives who claim to hate fractional reserve banking, duration mismatches in the financial system, and easy credit/bankruptcy. If you think more deeply about it, there are three reasons why this opposition is silly:

Go read the whole thing. Some form of “fix” is inevitable. Conservatives need to be thinking about rational solutions. Doing nothing might not be a rational solution.

More here.

Cross-posted at Right Wing News

T. Boone Pickens Used By Democrats But As Usual, They’re Lying

Monday, August 18th, 2008

So, just how similar is T. Boone Picken’s energy plan to the Democrats? If you listen to the Dems, Picken’s stole their energy plan and is the next Al Gore , but as usual, it’s a bunch of hooey. Watch this:

The Democrats simply want a way to appease their vocal minority constituency, the Green movement, while appealing to the broader public who want energy independence ala Picken’s style–that is to say: do everything. Drilling off-shore, drilling in ANWR, coal, nuclear, whatever it takes so we can stop lining the pockets of terrorist regimes and those who fund them, like the Ruskies.

Mourning Michigan: How Liberal Policies Are Killing The State I Love

Tuesday, August 5th, 2008

Well, I’ve been gone for nearly a week due to technical and transportational difficulties. No computer. My iPhone went haywire, too. So, for five days, I had no meaningful connection to the world except CNN on airport TVs and that is not a meaningful connection. It’s an excruciating connection.

Guess what I did? I went all retro and read a couple books. One stunk. One, is better than I expected. (I Am Legend, the book, bored me to tears; the movie was about as bad.) So, I’ve been reminded of something: there are multiple ways to waste time and reading a crappy book is as bad as surfing the internet.

What took me to airports and bad books, oh, and $15 bucks a suitcase and $3 a bag of cashews (I kid you not) and three hour airport delays? Few things could be worth that suffering. One of those few things: family.

After an eight year absence, I took the trip from stifling Houston to the green, lush outskirts of Flint, Michigan to visit family and friends. I’m still in mourning.

As connected as the internet can now keep us, no email, no digital picture, no webcam, no IM can replace the smell of the hay, the sound of the hushed and remote quiet, the smile of the new baby or old friend, the taste of Grandma’s rice salad, the touch of a loving hug. Technology has its limitations.

The reunion reminded me of what I didn’t know I was missing. Now I know. For so long, I just wanted to get away and forget and be something different. And the difference was forced. But it was artificial, because I went back and couldn’t escape it: this was home. The way my cousins walked and smiled and cocked their heads when they laughed reminded me that I couldn’t escape my genetics. There was no question we were all related. In Michigan generally, hearing the voices, watching the women, especially, I couldn’t escape it. Culturally, I’m a Michigan woman, no matter how hard I try to be a high-maintenance Texas lady. I think the Texas women know I’m a poseur anyway.

Michigan’s beauty overwhelmed me. The rolling fields of corn and hay. The perfectly manicured, vast, unfenced yards. The quiet.

Too quiet.

After all these years, Michigan felt too much the same, only quieter. The Genessee Valley Mall in Flint served as Exhibit “A”. Mind you, the day was magnificent–80 degrees, puffy clouds, no humidity–and so people were outside and enjoying the day if they had any sense whatsoever, but still. The Mall was empty. Barnes and Noble was empty. It reminded me of a Mall that is no longer in business in Auburn, New York. I was there as that Mall died and it was a reflection of the community around it. Jobs had left. People had left. Or people had aged and with a fixed income weren’t shopping all that much. The emptiness and quiet, so comforting at my Uncles farm, felt bleak and lonely at the local Mall.

Michigan, due to ignorant and corrupt government policies and short-sighted unions and auto executives, is dying. People are leaving for better job possibilities elsewhere. People are retiring and living on pensions from the Big Three. People are getting old. The people who remain seem aware and yet not. It is only when a person is exposed to the vibrancy of a city like Houston that the contrast can be made to the sighing exhalation of an aging, diminishing state.

I talked to more than one “company” man discouraged and feeling betrayed by a company he’d given his adult life to. That’s what people did–got married and then married a job and stayed loyal and true to the brand. The younger guys were more philosophical than bewildered. They had seen the instability of the companies and seem to understand their days are numbered. Manufacturing, as it had been known in Michigan, was a thing of the past.

Even being profoundly committed philosophically to open trade, it distressed me to imagine the men (because it is mostly men doing this heavy work) not having a joint to weld or a part to manufacture. As it is, I was told, the steel now comes from Taiwan and rarely from America. Manufacturing still happens down South.

It didn’t have to be this way. Egregious taxation results in disastrous economic consequences. There’s no avoiding it. The Wall Street Journal summed things up nicely (go read the whole thing to get a perspective of how taxes can kill a state):

The tax hikes have done nothing but accelerate the departures of families and businesses. Michigan ranks fourth of the 50 states in declining home values, and these days about two families leave for every family that moves in. Making matters worse is that property taxes are continuing to rise by the rate of overall inflation, while home values fall. Michigan natives grumble that the only reason more people aren’t blazing a path out of the state is they can’t sell their homes. Research by former Comerica economist David Littmann finds that about the only industry still growing in Michigan is government. Ms. Granholm’s $44.8 billion budget this year further fattened agency payrolls.

Michigan’s unemployment rate as of June was 8.5%. It will get worse as GM makes more cuts.

And that’s another thing: the Democrats, for all their lovey lovey talk seem to not understand that high gas prices brutalize the families they ostensibly care about so much. With high gas prices, just getting to work is an issue because money is already tight. Democrats, Obama leading them, seem to think that another industry bailout by the government (taking more money from taxpayers) will solve this problem, but it just creates more of the same. Then, high gas prices change consumer behavior–i.e. they buy smaller vehicles. Plants making bigger vehicles close. The guys working at those assembly plants, the guys working at sub-contractors manufacturing parts for the plants, and the smaller businesses that supply parts for the parts, fold. Jobs are lost. And when jobs are lost, taxes aren’t paid. And then the government services can’t be sustained just when people need them the most. Here’s what the Heritage Foundation found:

Analysts at The Heritage Foundation recently examined how going from $3 and $4 retail to $5 and $6 retail per gallon of gasoline would affect the U.S. economy. If prices continue to rise at an accelerated pace over the course of a year:[1]

Total employment would decrease by 586,000 jobs,
Disposable personal income would decrease by $532 billion,
Personal consumption expenditure would decrease by $400 billion, and
Personal savings would be spent to help pay the cost.

The contrast couldn’t have been greater in Michigan: gorgeous landscape, bereft of people. Again, I am reminded of Upstate New York, where the death occurred fifteen years ago. The Finger Lakes region possesses the striking loveliness that characterizes Michigan. And yet, these once vibrant areas are devoid of industry and the people who fuel it.

Government policies and politicians do have an affect. Cities, states and the whole country rise and fall on one small law at a time. Cumulatively, policies punitive to industry and innovation kill business, kill revenue and kill a family’s ability to survive. Their only choice is to wither with the economy or move.

I don’t want Michigan to die. The death seems so senseless and premature. Like a meth addict who rots from the inside, the big-government politicians have created a craving beast that needs a hit. The true nourishment that comes from innovation and production has been traded for the quick fix of raising taxes.

I don’t want Michigan to die. People I love live and work there. They need jobs. They need to keep their money, not give it all to the government.

I don’t want Michigan to die. It’s home.

“Nozzle Rage”

Saturday, July 26th, 2008

Thanks Soren, I think:

Economic Pain Saves Your Life, But It Won’t Be Much Of One

Sunday, July 13th, 2008

Here’s the headline from Yahoo! News, “As gas prices go up, auto deaths go down.” Let’s look at the guts of this, because my automatic thought was: um, people aren’t driving as much, they aren’t on the road, period, so they lower their chances of getting killed. Of course, they lower their chances of getting to work or going to the store to buy food, so they aren’t dying in their car, they’re dying of misery.

So, I look at the guts of it and guess what, it isn’t magic, it’s this:

Clarence Ditlow, executive director of the nonprofit Center for Auto Safety, said it makes sense that auto deaths would decline as driving decreases in response to rising gas prices.

“There are a whole bunch of factors that are influenced by higher gasoline prices — teenagers don’t have as much money, so you have the most risky drivers driving less; people are switching out of the bigger, older more dangerous vehicles, and people also know if they drive slower they’re going to save gasoline,” Ditlow said. “So, from a societal viewpoint, higher gasoline prices have a great number of benefits, and one of the most important benefits is fewer traffic fatalities.”

Oh, brother…. I am so sick of being told by scientists and politicians and the media why high gas prices are good for us, life saving, even! High gas prices suck for everyone. High gas prices make it hard for people barely making it to get to work. High gas prices cut into food budgets for old people. High gas prices (and commodities, too) make manufacturing anything more expensive, cuts into margins, increases costs, increases prices, reduces demand, which results in people losing their jobs just when they need it most. Duh! This isn’t rocket science.

Maxed Out Mama says:

Everybody made a lot of Obama’s “bitter” comment. I thought it was off base too. And I concede without hesitation that Obama’s “Americans can’t eat all they want to” was just a major idiot moment; that was a major head-banging moment for me. But now cometh Gramm, and tells the old folks trying to get by on their monthly SS checks, which get effectively smaller every month:
Former Sen. Phil Gramm, a top economic adviser to presumptive GOP nominee John McCain, referred to the economic slowdown as “a mental recession” and called the United States “a nation of whiners.”
Granted, McCain promptly disavowed Gramm’s remarks, but it’s just one more stick on the bonfire of exasperation that Americans have with their political leadership. Really now, doesn’t it just make you LONG to have the senators forced to live for one month in public housing with nothing more than the average Social Security check? Wouldn’t that produce a note of reality in the debate?

Yeah, we’re a nation of bitter whiners alright. Why can’t we just be happy to have a reduced risk of dying on the highway? Why can’t we see the silver lining of $4.00/gallon of gas? Because we freaking have to feed our families and get to work, that’s why! The a-holes in Washington live on US. They produce absolutely nothing but hot air, and that fuel source hasn’t been harnessed yet–although I suspect it could keep the American economy humming indefinitely.

Holy crap! Get some perspective, rich, Washington insiders. Gas is expensive and it hurts. People don’t want to hear about “lives saved” stats or to get over their whining or how Gaia benefits from economic pain. People want to get to work, feed their families and have a few extra bucks to enjoy a beer.

And to think that McCain could win this election, here, now, on this issue alone but is such a pompous, sanctimonious ass he won’t get religion. I hate Senators generally and the idea of one in the White House makes me want to hurl. I better run to the store and buy some anti-emetics. (Note I say run. It’s too expensive to drive, but at least I won’t die in a car accident. Hmmmm…..makes me wonder if the crime associated with a worsened economy outweighs the gains made in lives saved on the road.)