or one could keep trusting anything andyone associated with these conservatives has to say.... or we could trust that after paying off the national debt and establishing ourselves as net creditors, that anything anyone associated with any form of these peoples that bankrupted the US Economy has as anything worth trusting, following or supporting.... or we could wake up, pick up shovels, go to work for another PWA... remember those? that was one solution that brought dignity and employ back to the American people in the 1930's across the country.... there are so many thousands of people that are permanately unemploy-able for health, age, education, social / prison, associative (predatory), and other reasons as well as the hundreds of thousands unemployed by companies laying off and off-shoring that something has to be done positively with these tax paying citizens.... Public Works Administration jobs, to rebuild schools, infrastructure, roads, new battery and electric motor factories to substitute oil combustion with DC Motor Cars, yeah, direct current electric autos / buses / trucks..... then, with some modified nationalized form of social engineering accomplish 5 oout of 4 main solutions towards the current problems Bush II caused! but then again, those are the musings of so many economists that such economic stimulus plans will probably fail in congress. something drastic is required!!!!
with regards to plug-in hybrids, as an engineer in a company working on power solutions, they will wreck havoc if adopted rapidly. The power draw from rapidly charging the large battery packs after work (around 5pm) will cause huge spikes in electricity prices. Electricity prices in the open market can swing 1-2 orders of magnitude from nighttime lows to daytime highs in the summer. If plugin hybrids go over nuclear baseloads and require peaking power plants to turn on, the cost savings is not significant. In my recent research paying peak prices will costabout $2 a charge for a 40 mile charge. Making is roughly equivalent to a full hybrid. Also since there will still be tens of millions of old cars around if will not impact oil immediately but will require upgrades to the electrical grid. PHEVs will reduce the oil demand at the expense of natural gas, coal and uranium. We need to prepare for this and begin building nuclear plants now. Solar and wind farms are useless and only competitive due to subsidies and take up vast amounts of land....that we should now be using to grow food.
limitdown i completely agree with you. a more socialist move could be very beneficial. any a pro union movement and a fair trade movement. it just seems as thou amaricans have forgotten how to fight for what is right and let markets dictate instead of dictating to markets.
Lee Iacocca recently wrote a book with title 'Where Have All The Leaders Gone?' These things that are happening in America today are happening because politicians and leaders of commerce no longer have any sense of duty or loyalty to the nation-state. Americans are not unique to them. Whether Americans should or should not be unique to American politicians and captains of industry is a question that begs the notion of whether it even merits consideration having individual nations today. We are moving quickly towards one world, with mere semantics separating who we are, and how we are treated. People, including Americans, are rapidly becoming commoditized. We are all 'customers,' and as long as our fiat currency is acceptable to the seller of the day, equal. One caveat, and it's a big one; I believe that Chinese leaders do have the interests of their citizens at heart. They still think as a nation, and they are striving to improve their lot, financially, militarily, and otherwise. Sure, the Chinese leadership structure is currently offering up cheap labor to the world's corporations. But it's done with a noble purpose, even if it disadvantages some Chinese over the short term - to attract technology transfers on a mass and scale that are the largest in history. When Intel, GM, IBM, Boeing, or Microsoft, to name but a few, are willing to build billion dollar facilities in China to save on labor costs, and boost short term profits for shareholders and to boost executive compensation, it is being done at the price of trillions of dollars of R&D being surely transferred to the Chinese. So, in an ironic twist, one can credibly argue that by having a nationalistic versus 'globalist' agenda, it is the Chinese who are more loyal to the interests of their citizens, than the American, British or German regimes. Am I calling for a populist retreat to isolationism? Hell no; just some common sense and balance, and a final answer as to whether our leaders have our best interests at stake, or are willing to further sell us down the river. Because if our own politicians and industrial captains are no longer willing to protect our national interests, who will? Larry Kudlow loyalists and one world government advocates, fire away.
Stockholders won't tolerate the lower earnings and wal mart shoppers won't tolerate the higher prices. US society is not set up to think about problems that will occur more than a few months down the road. We can't even deal with Medicare which is set to bite us in the behind within 5-6 years, let alone some escoteric trade policy that 1 in 50, if that, understand or care about. If people cared about any of this stuff Ron Paul would have done better, instead all people want is to feel good so they fall for the platutides of a thin Oprah in drag.
Tienamin Square showed the Chinese leadership that they needed to get in front of their people or loose their leadership role through some continued turmoil. Being Communist, they did not have a populace, Bill of Rights or Newspaper / Media / Public disclosure issues to deal with as Capitalist nations do. Noble purposes also hides the human tragedies that occur within their 1.8 billion populace. Consumer protection laws really don't exist outside the United States, even in Britain, France, Germany and other so called first world countries. It took more than one hundred years to achieve what we have done in this country, to the benefit of some of its citizenry. We can praise and condemn facets in each economic / country we care to discuss, what is to be focused upon, like that book is having some form of loyalty to the economic system that brought one's company prosperity. Some form of honesty to the tax incentivized breaks to employ, and it being accounted for and applied solely within the US borders and not anywhere oversees. we're all facing some huge issues that perhaps did not need to be addressed with the pressures bearing down upon our economy..... hey, let's all chant: 4 more years....
Was talking with a friend today and he said the same thing about building nuclear powerplants, he said they need to build at least 8-14 of them over the next 10 years...
I would whole-heartedly agree with this. You would think that Congress or the DOT would be developing some concessions for the Airline Industry in order to be PRO-ACTIVE given the incredibly high jet fuel prices that these carriers are trying to manage their business with, not too mention the FACT that the Airlines are incredibly important to our nation's ability to create and conduct commerce. But no. Everyone back in Washington, DC ( aside from Bernanke ) is "asleep at the wheel", as usual. Zero leadership. Just "after-the-fact" fingerpointing. Totally pathetic.
Wow! What an incredible coincidence! Outlandishly bullish stories about oil are surfacing at the same time the 30 day MA for bullish sentiment has crossed 90%. Of course, oil is different! âEverybody knowsâ oil can only go up, up, up! After all, look at all the reasons it simply HAS to! Just like the NASDAQ in 2000. Just like gold in 1980 (and again more recently). Just like real estate in 2005. Just like . . . . well, just like oil now.