US President Obama has a dream where the United States gets none of its energy from coal, oil, or gas — and all of its energy from wind and solar.
In 2008, candidate Barack Obama infamously said that as president he would set policy that would bankrupt the coal industry: “So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them… _ Source
In January 2011, during his State of the Union speech, President Barack Obama called oil “yesterday’s energy.” __ http://www.bloombergview.com/articles/2014-05-07/oil-s-bright-future
Obama recovery vs. Reagan recovery
In the late 1970s US President Jimmy Carter had the same dreams of green energy. The result of one term under Jimmy Carter’s dream was high unemployment, high inflation, and ruinously high interest rates. In fact, the US economy was in a much more precarious state at the end of Jimmy Carter’s single term than after two terms under George W. Bush:
When Ronald Reagan took over from Jimmy Carter in ’81, things were actually worse economically compared to when Obama took over from George W. Bush in ’08.
Consider these three important comparisons of economic indicators, then and now:
– Unemployment was at 10.8% versus 7.7%
– Inflation (Consumer Price Index) was at 13.5% versus 2.7%
– Interest rates (prime rate) was at 21.5% versus 3.25%
In other words, Reagan inherited a bigger mess. __ Obama Recovery vs Reagan Recovery
Fortunately, Jimmy Carter was not given a second term. The US is not so fortunate with Barack Obama.
The US economy is the world’s largest, helped by the US dollar being the world’s reserve currency. But eventually every economy can become overburdened by poor government policies and skyrocketing debt.
Any government that cuts itself off from reliable energy and risks its industry and economy on intermittent unreliable energy such as wind and solar, is putting itself into a deep pit. If that government also generates rapid non-productive debt accumulation at the same time that it hobbles the ability of its own commerce and industry to innovate and produce, it is inviting a Dark Ages into the land.
Poverty, corruption, and rising crime quickly follow.
It isn’t clear why leaders choose this suicidal path for their nations — ruinous debt, energy starvation, demographic decline (via immigration policy etc). No doubt dysfunctional memes and metaphors play a role.
What is clear is that human beings do not have to live with all of the consequences of the capricious stupidity of their leaders. Resilient communities and resilient networks of communities can build the capacity to survive and prosper against the natural corruption, decay, violence, and poverty that result from catastrophic leadership.
Teaching children to be multi-competent on a practical level is an early step in growing resilient communities. Teaching them to think in terms of business, markets, asset management, and profitable trades is a somewhat higher cognitive level of resilience training. Teaching them deep human psychology and how to apply that psychology to work, trade, all levels of community, and life in general, adds yet another level of resilience. Add the tools of innovation and invention, along with multiple skills of defence at various scale, and you have the beginning of a Dangerous Child training method.
More: Despite the efforts of Obama’s EPA to date, the US still enjoys an ongoing shale oil & gas boom, which is propagating economic benefits through various sectors, across several regions of the country. The US government could stop that boom in a heartbeat — and many of Obama’s people both inside and outside the US government want to do exactly that. Certainly Russia’s Pooty-Poot would like to see the US shale boom shut down.
Invention and innovation are important, but they have to be allowed to work:
http://www.bloombergview.com/articles/2014-05-07/oil-s-bright-future A brief glimpse at the effects of human invention and innovation on energy supplies and prospects for prosperity.
Today’s crop of new B.A.s are staring at roughly 8.5 percent unemployment, 16.8 percent underemployment. Close to half of those who land work won’t immediately find a job that requires their degree, and for those stuck in that situation, there are fewer “good” jobs to go around. Welcome to adulthood, class of 2014. ___
A lifelong dependence upon ever more corrupt government, is Obama’s promise to the youth of America. He makes the same promise to “disadvantaged” minorities. Since they all helped put him into office, consider it poetic justice of a Pyrrhic sort.