Obama rejects Keystone XL pipeline and economic growth

If anyone needed further proof Obama wants to strangle our economy to create even more dependency, his killing of the Keystone XL pipeline is it.

“The rushed and arbitrary deadline insisted on by Congressional Republicans prevented a full assessment of the pipeline’s impact, especially the health and safety of the American people, as well as our environment,” Obama said.

“As a result, the secretary of state has recommended that the application be denied. And after reviewing the State Department’s report, I agree.”

This is complete BS.

Rather than send the oil from Canada via pipeline to us here in the states, Canada will send oil via pipeline to the Pacific, load the oil onto tankers and ship it overseas to China. How is this protecting ‘the environment?’ All this will accomplish is keeping energy prices high, unemployment high, and in turn, keep the economy depressed.

Remember what they said in Pravda:

Energy is the key stone to any and every economy, be it man power, animal power, wood or coal or nuclear. How else does one power industry that makes human life better (unless of course its making the bombs that end that human life, but that’s a different topic). Never in history, with the exception of the Japanese self imposed isolation in the 1600s, did a government actively force its people away from economic activity and industry.

Even the Soviets never created such idiocy.

And only wealthy countries can afford to worry about ‘the environment.’

Even China is losing Manufacturing Jobs

According to economist at ASI, mass employment in factory’s is going the way of the horse and buggy:

It’s a consitent trope from those over on the mouth breathing left, that everything would just be better if we did more manufacturing in the UK. More specifically, that if we just had more manufacturing then everyone would be employed. Which would be so nice, wouldn’t it?

The problem with this is that mass employment in manufacturing just isn’t coming back. Ever.

Manufacturing output in the UK kept going up until 2005 or so (with variations for recessions, to be sure). Manufacturing output in the US is still going up and I don’t think anyone needs to be reminded that manufacturing output in China is rising. However, rising output does not mean more jobs. Not necessarily at least.

Not only are increases in productivity curbing growth within the manufacturing sector. As pointed out last may here at MCT, manufacturing as a percentage of the US and global GDP has steadily declined over the last 40+ years.

As a result, even China has lost manufacturing jobs

Yes, China is losing manufacturing jobs. The world as a whole is losing manufacturing jobs. The cause is exactly the same thing that led to the loss of agricultural jobs 80 to 90 years ago: increasing productivity in that activity.

Remember this the next time a politician rants about ‘creating more manufacturing jobs here in the US.’ Because, the only way this will happen is if the government creates subsidized works projects. Like Solyndra.

World Economic Forum cite “Severe income inequality” as largest global risk

The Global Risks 2012 report should warm the heart of Democrats, #OWS losers and your typical socialist here in the states:

“Severe income inequality” is the biggest global risk, according to a panel of experts assembled by the World Economic Forum.

The group points to “chronic government debt” as another problem threatening the world during the next 10 years.

The report also worries about “the dark side of connectivity” with its threat of “devastating cyber-attacks”.

Global warming, failure of regulation and population growth are identified as three other top risks.

Of course, the response to these so called threats (global warming? really?) will be a call for higher taxes and more government intervention and regulation of the economy.

The report issues a stark warning that many of the safeguards put into place just are not good enough to cope with risk.

“We have to avoid using yesterday’s solutions to address today’s risks,” warned David Cole, chief risk officer of re-insurance giant Swiss Re. The aftermath of the Japanese tsunami, for example, had shown how past policies and institutions could fail to protect people in a more complex and interdependent world.

“We’ve seen examples of over-regulation, like the response to the Icelandic volcanic eruptions, or under-regulation, such as the sub-prime or eurozone crisis,” Mr Cole said.

Safeguards should be “anticipatory rather than reactive” and regulations should be “made more flexible to effectively respond to change”.

“Anticipatory safeguards.” How nanny state can you get?

Remember, Europe’s bad ideas always seem to find there way over here sooner rather than later.

Our Government Penalizing Oil Companies for Not Using a Biofuel That Doesn’t Exist

This is absurd:

When the companies that supply motor fuel close the books on 2011, they will pay about $6.8 million in penalties to the Treasury because they failed to mix a special type of biofuel into their gasoline and diesel as required by law.

But there was none to be had. Outside a handful of laboratories and workshops, the ingredient, cellulosic biofuel, does not exist.

In 2012, the oil companies expect to pay even higher penalties for failing to blend in the fuel, which is made from wood chips or the inedible parts of plants like corncobs. Refiners were required to blend 6.6 million gallons into gasoline and diesel in 2011 and face a quota of 8.65 million gallons this year.

“It belies logic,” Charles T. Drevna, the president of the National Petrochemicals and Refiners Association, said of the 2011 quota. And raising the quota for 2012 when there is no production makes even less sense, he said.

As pointed out previously here at MCT bio-fuels, much like the green energy movement in total, makes little economic or logical sense.

SolarReserve: Another Obama Backed Green Energy Boondoggle

What will a $747 million tax payer backed loan guarantee buy these days? How about 2.5 square miles worth of mirrors. That, and a puny amount of electrical generation capacity:

SolarReserve of Santa Monica, Calif., can store heat from the sun in the form of molten salt. A field of mirrors that are aimed by a computer reflect the sun’s light on a black box on top of a central tower. In the box is the molten salt, which the sun heats to more than 1,000 degrees Fahrenheit. The salt can be run through a heat exchanger to make steam to power a conventional turbine and generator.

The advantage is that extra salt can be stored for a rainy day or plain old nighttime so that the plant can continue to make electricity at any hour. That ability is increasingly important as more and more conventional solar farms are set up; ordinary solar cells produce electricity only while the sun is shining, and a system that relies heavily on an intermittent source of power needs storage.

In May, the Energy Department gave the company a promise of a $747 million loan guaranteee for a 110-megawatt plant using that technology in Tonopah, Nev.

Of course, nowhere does the three NYT articles cheer-leading the project discuss, you know, the sheer size of the project discussed. However, if you click over to the project web site they give us the projected size of this project.

Quick Facts:

Location:
Northwest of Tonopah, NV
Technology:
Concentrating Solar Thermal with Storage
Size:
110 MW
Water Use:
less than 600 Acre-feet/year
Site:
~1,600 Acres, BLM-managed land
Transmission:
9.5 miles
Fuel:
Sunlight

In case you were wondering, 1,600 acres is 2.5 SQUARE MILES.

The green zealots are willing to cover 2.5 square miles of land to generate a paltry (and more than likely overstated) 110MW of electricity.

To put this in perspective the Zeeland ‘Peaker’ power station covers 30 acres of land (including the parking lot) and generates 930MW of power using natural gas.

November 6, 2012 can’t get here fast enough.

Note from Thaddeus: America’s ‘underemployed’ rate equates to a staggering 15.2%

Thaddeus McCotter (R-MI) sent me a note* today about today’s “official” unemployment numbers:

[T]he “official” unemployment rate has dipped one tenth of one percent to 8.5% in December, this rate has persisted at over 8% for 35 straight months. Worse, the misleading practice persists of excluding from the unemployment calculation our fellow Americans who despair of finding a job and are no longer actively seeking for employment. Consequently, when our friends, neighbors and loved ones who are no longer looking for work, along with those only able to find part-time work, are included, America’s ‘underemployed’ rate equates to a staggering 23.7 million Americans (15.2%).

The 8.5% number being blasted by the ‘news’ media is a complete scam.

I also received a note from all around smart guy, fellow Michigan blogger and good friend of MCT, 5etester, who pointed me to this article @ Mish’s Global Economics:

Note how the labor force has flat lined for four years even though population growth has averaged 1.5 million for the past 55 years. From 1993 to 2007 population growth was 1.7 million per year!

Thus, the labor force should not suddenly turn flat since retirements do not even come close to explaining the chart. Yet, suddenly the work force has just been frozen in time although the population continues on the same upward trend.

The work force is literally one million smaller than during Bush’s last year in office. This is statistically impossible, at least judging from historic trends.

We also are still 5.6 million people below the employment number of the peak year in 2007. So, practically speaking we have approximately 11.6 million more people unemployed than in 2007.

Be sure to click over to Mish and check out the graph illustrating the fraud being perpetrated on us Americans.

*I’m on McCotters mailing list.

After taxpayer funded vacation, Obama making taxpayer campaign stop in Ohio

Really, Barack?

With the first contest of the Republican presidential primary over, President Barack Obama will hustle to get back into the spotlight, jetting to battleground state Ohio on Wednesday to renew his push for boosting the economy. The White House says the speech at a Shaker Heights high school is official business, but it also makes clear that Obama doesn’t plan to keep a low profile as Republicans narrow their contest for a challenger.

Who does Treehugger.com think they are kidding?

The Treehugger web site is one of my regular stops on the web. It is an endless source of material to illustrate the foolishness of the radical environmental movement.

Being a frequent reader of Treehuugger, I’m used to the slant and spin they put on stories. However, when I saw this story, my jaw dropped.

Lights out in Michigan.

 
City officials are taking bold money-saving steps. Highland Park MI is cutting off and hauling away three quarters of its street lights: see Darker Nights as Some Cities Turn Off the Lights, a story published by New York Times.

Who does Treehugger think they are kidding? Highland Park (a very liberal city near Detroit) doesn’t care about the environmental aspect of removing lights. the truth of the matter is highland Park can’t afford to pay their electric bills, and the utility cut a deal with the city to reduce their $4 million unpaid electric bill:

Crews have removed about 1,400 streetlight poles from Highland Park as part of a settlement that allowed the impoverished Detroit enclave to avoid paying $4 million in unpaid bills going back several years.

DTE Energy Co. has replaced about 200 lights with newer models on street corners, but most neighborhoods remain without streetlights, The Detroit News reported today. The Detroit-based utility said work is expected to be finished by Oct. 31.

DTE spokesman Len Singer said the utility began removing light poles in August rather than just cutting off the power, to avoid lawsuits and confusion. The utility is under no obligation to power communities that don’t pay their bills but wanted to maintain some service, he said.

Yep, the evil power company has been working to help Highland Park resolve its problem for years.

Sydney under siege from heavily armed robbers terrorising shopkeepers, pub staff and residents

It doesn’t matter if you’re robbed by a man with a hammer, knife, meat cleaver, machete, ax, sawed-off shotgun or hand gun if you are un-armed. You are a victim.

Via The Truth About Guns:

Welcome to Australian gun politics, courtesy the hive mind at wikipedia: “Self-defense is not accepted as a reason for issuing a [gun] licence, even though it may be legal under certain circumstances to use a legally held firearm for self-defense.” The chances of having a legal gun around the place with which to defend yourself? “Currently, about 5.2% of Australian adults (765,000 people) own and use firearms for purposes such as hunting, controlling feral animals, collecting, and target shooting.” So not very high then. Infinitesimal in urban areas. Where the crime is. Duh. Clock this from the scribes at dailytelegraph.com.au: “SYDNEY is under siege from gangs of heavily armed robbers terrorising shopkeepers, pub staff and residents . . .

Meat cleavers, machetes, sawn-off shotguns and axes are among the weapons used in recent weeks as thugs smashed their way into so-called “soft targets” – mostly service stations, bottle shops and licensed premises – demanding cash, wallets, jewellery and mobile phones.

Details of more than 50 of the most violent incidents have been released by police this month.

However they are just the tip of the iceberg, with as many as a dozen more reported every 24 hours according to logs of the police encrypted radio network . . .

The surge in the number of hold-ups is a major concern for police because it bucks a downward trend that has seen the lowest rates for armed robbery in years.

Also alarming is the increase in gangs and lone bandits hitting multiple targets in a single night.

The above is the result of the Liberal dream of fewer guns in the hands of law abiding citizens, thanks to Australia’s aggressive firearm buy back program started in 1996.

An extensive study was performed by the British Journal of Criminology in 2006 and measured the effectiveness of the program after a decade had passed.

Via the Sydney Morning Herald:

HALF a billion dollars spent buying back hundreds of thousands of guns after the Port Arthur massacre had no effect on the homicide rate, says a study published in an influential British journal.

The report by two Australian academics, published in the British Journal of Criminology, said statistics gathered in the decade since Port Arthur showed gun deaths had been declining well before 1996 and the buyback of more than 600,000 mainly semi-automatic rifles and pump-action shotguns had made no difference in the rate of decline.

The buy back program had no effect.

“Homicide patterns (firearm and non-firearm) were not influenced by the NFA, the conclusion being that the gun buyback and restrictive legislative changes had no influence on firearm homicide in Australia,” the study says.

In his first year in office, the Prime Minister, John Howard, forced through some of the world’s toughest gun laws, including the national buyback scheme, after Martin Bryant used semi-automatic rifles to shoot dead 35 people at Port Arthur.

Although furious licensed gun-owners said the laws would have no impact because criminals would not hand in their guns, Mr Howard and others predicted the removal of so many guns from the community, and new laws making it harder to buy and keep guns, would lead to a reduction in all types of gun-related deaths.

One of the authors of the study, Jeanine Baker, said she knew in 1996 it would be impossible for years to know whether the Prime Minister or the shooters were right.

“I have been collecting data since 1996 … The decision was we would wait for a decade and then evaluate,” she said.

The findings were clear, she said: “The policy has made no difference. There was a trend of declining deaths that has continued.”

Flash forward to 2011 and continue with the TTAG story .

Via The Telegraph.au:

Four men armed with knives, machetes and pool cues are wanted over the robbery of a hotel at Taree West on Wednesday in which a 54-year-old employee was assaulted and locked with two patrons in a store room as assailants ransacked cash registers.

In two separate incidents last week, knife-wielding men robbed a convenience store at Griffith and a Bulahdelah service station, while at Berkeley in the Illawarra two men threatened a shopping centre security guard with meat cleavers before escaping with money and cigarettes.

Again, if you are un-armed, it doesn’t matter if the man robbing you has a pool cue or a machete. You are at a distinct disadvantage and a victim.

Of course, the Sydney police have what they think is helpful advice.

It comes as police urged shop keepers, hotel staff and the public caught in the middle of a hold-up to do whatever the assailants asked – not to be a hero and not to make sudden movements.

Don’t make any sudden movements. Got it.

Leading From Behind: Obama and the 2012 ‘Banished Word List’

I’m not sure if academics at Lake Superior State University are trying to help their fellow academic who occupies the White House by giving a subtle hints that his message is not resonating.

Here is the list. And, as a bonus, I’ve found a few video example with the Lecturer in Chief giving usage examples to help everyone remember how not to use the banished words.

Amazing

Baby Bump

Shared Sacrifice:

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Occupy:

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Blowback (Obama doesn’t use the word ‘blowback’ in the clip. However, if the media wasn’t in the tank for him, he would experience much more ‘blowback’ over this scandal):

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Man Cave

New Normal:

“What is a danger is that we stay stuck in a new normal where unemployment rates stay high. People who have jobs see their incomes go up. Businesses make big profits, but they’ve learned to do more with less. And so they don’t hire. And, as a consequence, we keep on seeing growth that is just too slow to bring back the eight million jobs that were lost. That is a danger. So, that’s something that I’ve spent a lot of time thinking about.”

Pet Parent (this term should have never been created in the first place)

Win The Future:

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Trickeration

Ginormous

Thank you in advance