Thursday, August 18, 2011

Inflation Rears Its Ugly Head and Other Stuff

Obamanomics is a wonderful thing. It is all and nothing at the same time. It is sometimes downgrading, frequently unexpected and always someone else's fault in the eyes of this administration.

For the rest of us out here in the real world, it just plain sucks.

It should be clear by now that Obama is flailing in his attempts to get the economy going. His Sidam Touch (and yeah, that's Midas backwards, how did you guess?) is working its magic in every metric known to modern man. There are certain inviolable laws of economics, and Obama knows none of them.

Take this example, please: core wholesale inflation is up, way up. This number includes groceries and gasoline, as opposed to the statistic that we normally hear which doesn't include it, naturally to make the number appear far less than it really is. If you've been to the grocery store recently, you've no doubt noticed. The core figure is up .4%, the most since last January according to the government. Food prices are leading the way.

What this administration has yet to discover is the principle of cause and effect. Let's look at another seemingly unrelated (to this administration) factoid: for the first time in history, more corn is being made into fuel than it is for food. From the link:

For forever,” Plain said, “ feed was the largest single use of corn.”

The news comes as criticism that pro-ethanol subsidies and policies are raising food prices globally seems to be reaching a crescendo. Critics didn’t seem to latch onto the USDA’s market prediction, however.

A spokesman for Iowa’s ethanol industry termed the USDA’s market prediction “a footnote.”

“Every credible study has clearly found the effects of ethanol policies is negligible on the price of corn,” remarked Monte Shaw, president of the Iowa Renewable Fuels Association.
Um, that's bullshit, y'all, plain and simple. Who are you going to believe, someone who is paid to make fuel out of food, or your lying eyes? If only we had something else to make fuel from, something that wasn't edible and could be made into other things, too. Something that was a more like a raw, natural resource that could be found nearly everywhere. Something that had more potential energy in it and seemed perfectly suited for use as a fuel. Something that didn't get worse mileage than before. Something that wasn't edible.

Wait! I've got it! I heard of something just like that! Oil, I think it's called. Oh, that's right, we can't use that because we have a President who wants us to move to something called a "green economy" that ignores the laws of physics, economics, and common sense all at the same time!

We're saved!

But wait! There's more!

The recent placing of three Colorado wildflowers on the federal endangered and threatened species lists will make it harder to exploit untapped fuel resources in the Rocky Mountain State, a group representing the energy industry tells Fox News, an assertion the government denies.

“By 2020 we could produce as much oil and natural gas in the West as we currently import from Russia, Iraq, Kuwait, Saudi Arabia, Venezuela, Algeria and Nigeria combined,” she said, but “we’re adding more regulation and slowing the development of American energy, preventing us from reaching our full potential and creating jobs and economic development across the West.”
Wildflowers, huh? Two words: Hot House.

I think the nation has had about enough of this and is ready for some real change, this time the good kind. Obama's poll numbers on his handling of the economy is at a new low of 26%.

Then there's this...

During a town hall meeting at Wyffels Hybrids in Atkinson, Illinois, a farmer expressed concern to President Obama about forthcoming regulations. The man stated that people would rather be farming than "filling out forms and permits to do what we like to do." President Obama told the farmer "don't always believe what you hear" and blamed Washington for ginning up speculation. Obama added that, "Nobody is more interested in seeing our agricultural sector successful than I am, partly because I come from a farm state."
Strangely, I'm not comforted. I've already taken the President's advice, especially when he speaks.

Now, if this isn't what we need right about now, I don't know what we do need. Rick Perry responds to Obama's remark that he "watch what he says" with this: "You're killing jobs." Heh.

Perry is a breath of fresh air. Bold, accurate and unafraid of the current administration. How bold? you ask. He said in his speech last weekend he wanted to make Washington as inconsequential to the lives of Americans as possible. I think this is what he means. Well, to be fair, we've tried it the other way for two and a half years. How's that working out?

And finally, somebody named Gene Simmons knows how to pick 'em. He has a good track record, having picked the last three presidents, and he predicts Perry will be the next one.

My fingers are crossed.

Stay thirsty, my friends.

No comments: