Posts Tagged ‘Investor’s Business Daily’

Thomas Sowell Gets it Right

Wednesday, November 4th, 2009

Every once in a while, you read or hear something that goes beyond interesting, and instead either moves you to tears or to action. I recently had the privilege of reading a column written by Thomas Sowell, and published in the November 2 edition of the IBD newspaper. His essay stirred my conscious, but I also felt validated in a way, because I have written several times previously about the danger the current President (and his cohorts) can inflict on our great country.

I wish not to try and quote Sowell word for word. I think each reader of this post should follow the link above and read his column in its entirety. However, I will briefly summarize the main points of the column:

  1. An unelected government official has been appointed by the President, with authority to cut the pay of private business executives.
  2. A media “czar” may be appointed to subsidize (seize) media outlets, to provide the government with the authority to silence talk radio.
  3. President Obama has spoken of creating a national police force.
  4. A panel of “experts” may soon decide who gets life-saving medical treatments.
  5. Look at the kinds of people Obama has been associated with, and who he keeps putting in positions of power—individuals who flatly reject American values.
  6. Obama and the Democratic nest of vipers have tried to force two landmark bills through Congress. Both of them were more than 1,000 pages long, and neither of them were made available for public scrutiny.
  7. This administration is showing a dangerous tendency to be nice to foreign thugs, yet ruthless toward American society.

It is amazing that many Americans are still infatuated with the Pied Piper of “Hope” and “Change.” It is inconceivable that people still send the likes of Pelosi, Reid, Schumer, Rangel, and others to Washington time after time. They are the ones sending this country down the road of destruction. We can no longer blame the previous administration for America’s growing maladies.

The big EPA cover-up

Sunday, June 28th, 2009

One of the liberals’ favorite mantras during the Bush administration was “Bush lied, people died.” The Democrats in Congress and in the media were obsessed with the idea that the Iraq war was accompanied by a massive cover-up of information. We supposedly went to war knowing that there were no WMDs in Iraq. All of the pied pipers in the media said that we had been misled and lied to, and that the government had suppressed vital intelligence information.

The Obama administration was going to be different. “Transparency” was a key word used to describe the truthfulness of the new presidency. But we’ve all been lied to since last November. Obama campaigned on putting Americans to work. He said that the economy was going to get a “quick jolt.” But, as Ohio’s own John Boehner recently asked, “Where are the jobs?”

The Obama administration is giving us a green version of deception and cover-up, with help from the Environmental Protection Agency. Research conducted by the EPA’s National Center for Environmental Economics challenges the prevailing notion that global warming is an increasing danger to the environment. But it seems that the report was intentionally suppressed in order to allow the EPA to support the administration’s efforts to regulate carbon dioxide emissions.

The June 29 edition of the Investor’s Business Daily notes that the Competitive Enterprise Institute (CEI) released the EPA study on its own website. Among the findings are interesting statements such as: “Given the downward trend in temperatures since 1998, there is no particular reason to rush into decisions based on a scientific hypothesis that does not appear to explain most of the available data.” And this one: “The idea that warming temperatures will cause Greenland to rapidly shed its ice has been greatly diminished by new results indicating little evidence for operations of such process.”

Apparently, the person responsible for producing the report at the EPA has been removed from all climate-related work. He has even been advised to hire an attorney. He is in hot water for suggesting that science is being ignored in the evaluation of CO2 as a pollutant.

If his research had been released before the House vote on the cap-and-trade bill, the outcome might have been different. It’s no wonder the Obama administration is moving so quickly on climate change legislation. They are intentionally suppressing information that would blow holes in the global warming theory, and allow millions of reasonable Americans to see what a farce the theory really is. Remember Y2K? It never happened.

You can read more of the IBD editorial here. I would also recommend a visit to a highly regarded science blog, Watts Up With That? You’ll find that not only are global warming dissenters being intentionally silenced, but that climate data is manipulated to produce desired results that support climate legislation.

Jobs? We don’t need them. The liberals are convinced that America needs more legislation and regulation. They are taking care of both with unprecedented speed and ruthlessness.

Drilling for American oil

Sunday, May 31st, 2009

I’m sure that nearly everyone who reads this post is familiar with a certain line spoken at many marriage ceremonies. Namely, if someone has good reason why a man and woman should not be married, the person should “speak now or forever hold his peace.”

I’d like to pose a similar question about the development of American energy resources: Is there any good reason why we shouldn’t use domestic energy that is so readily available? There is much said about the need to wean ourselves from the use of foreign oil. That makes sense. But it would be equally sensible for our government to look for domestic resources to replace what we currently purchase from abroad.

It seems, however, that the liberal Democrats in Congress have a different idea. They really think that windmills and solar panels can reduce our dependence on foreign oil. That is a terrible misconception. Solar and wind power will never meet our transportation energy needs. In fact, oil may continue to be the dominant energy source until the year 2030. So, it becomes clear that a reliable supply of oil must be established for the American consumer.

Recently, the U.S. Geological Survey revealed that the Chukchi Sea, just northwest of Alaska’s landmass, holds 1.6 trillion cubic feet of undiscovered natural gas and 83 billion barrels of undiscovered oil. As the June 1 edition of the Investor’s Business Daily observes, that’s 30% of the world’s supply of natural gas, and 4% of global oil reserves, respectively. Tapping into those massive reserves would go a long way in establishing a dependable supply of domestic energy, as well as removing threats to our national security. We would no longer be held over a barrel, so to speak, by OPEC, the oil cartel whose membership includes several countries which are hostile to the United States.

I’m reminded of the Biblical story about the man who found a buried treasure in a field. Upon the discovery, he promptly sold everything he had to raise enough money to buy the field. In buying the field, then, the treasure belonged to him. He had sense enough to realize that the treasure was worth more than anything he had ever owned before. So, it was no big sacrifice to sell his posessions to be able to buy the land.

If only our government had the same kind of vision. Apparently, the liberals don’t value our natural resources. If our government doesn’t secure the oil and gas in the Chukchi Sea, the Russians will likely seize it. The Chinese are already moving in on oil reserves discovered off the coast of Florida. Foreign countries are determined to hoard oil supplies wherever they are found. But what is our current administration’s response? It suggests that we paint our roofs white, to make our homes more efficient.

Brilliant!

Kicking the crude oil habit

Sunday, May 3rd, 2009

Have you ever been thinking about an issue that is important to you, and then see that issue expounded in a magazine or newspaper? Maybe you feel that nobody else could ever have the same viewpoint on a particular subject. But when you see an article that expresses your own point of view, it feels good, doesn’t it?

I’m having that good feeling this weekend. If you have read any of my previous posts (feel free to check the archives) concerning American energy production, then you know that we’re giving up on crude oil way too soon. I know that runs contrary to liberal thought. Those liberals evidently think that we should solve the foreign oil problem by just getting rid of cars altogether. And with the government now practically running GM, and with Chrysler in bankruptcy, we can see that the automobile is doomed. This administration is set to dismantle the car industry and the freedom of personal transportation.

Until that happens, we will continue to rely on the auto as our primary mode of transportation. Which means, of course, that we will need plentiful supplies of gasoline at reasonable cost. (No ethanol, please; that’s a terrible waste of corn that could be otherwise used to feed hungry people.) Crude oil must remain a vital part of our energy policy. Not only do we use it to make gasoline, but crude oil is also used in the manufacture of paint, plastics, rubber, and hundreds of other products we take for granted.

My regard for crude oil was reflected in the special Monday, May 4 edition of the Investor’s Business Daily. Within the editorial pages, Robert J. Samuelson writes “Wind and solar (power) mainly produce electricity. Most of our oil goes for transportation; almost none—about 1.5%—generates electricity. Expanding wind and solar won’t displace much oil; someday, electric cars may change this. For now, reducing oil imports requires using less or producing more.”

That’s been my position, and it makes me feel good to see similar thoughts expressed in a pro-American newspaper like the IBD. I’ve listened to Obama and the other liberals talk about job creation, but they are castrating American industry, especially oil companies and car makers. If we developed more resources here at home, think of the jobs that would immediately be created. There would be a demand for geologists, engineers, truck drivers, and refinery workers. This demand might be enough to give the economy the “jolt” that Obama promised.

We will never be able to wean ourselves off foreign oil by building more solar panels or wind turbines. Samuelson notes that in 2007, wind and solar generated less than 1% of U.S. electricity. Increasing that ten times will still have those industries contributing only 10% of our electricity needs. And that still would do nothing to reduce our consumption of oil.

Even though some resources, like oil shale, would take time to develop, that’s no reason to avoid getting started now. Remember, it’s also going to take a lot of time to establish that tenfold increase in solar and wind output. There is still the electric car that needs refinement, and fuel-cell technology that should be explored. Until these and other advancements become practical and affordable, we shouldn’t let crude oil fall out of favor. Two dollars for a gallon of gas is still a pretty good deal.