Sunday, December 07, 2008

Nobody asked me but......

The Obama administration wants to create jobs via public works. The notion of domestic drilling must seem to elude Obama. Giving tax credits to build new and expand existing refineries and power plants would be a good place to start. Lets see if we have to endure another big digg.

7 comments:

The Merry Widow said...

I guess the comparison to fdr is closer to the truth than most realized!
Beaker-The globalists WANT to take America down, it proves them to be liars. If America ceases to exist as a workable alternative to marxism/communism/fascism, they will have EVERY man, woman and child inside a giant slave pen.Wit no escape...
G*D bless and MARANATHA!

tmw

Always On Watch said...

Even the WaPo admits that the funding of such work programs is a mystery.

Ducky's here said...

What the hell use are refineries now?

Anyway, oil companies prefer to expand existing refineries rather than build new ones. They have been doing that right along and we have no shortage of refining capacity.

We sure don't have any shortage right now. Maybe we should go back to the days when the far right was whining that taxes were the cause of high gasoline prices. You folk sure are on top of every issue.

AOW, we print the money. We hope that the money goes to intelligent projects that promote growth which will eventually allow us to recoup. Fortunately debt costs are low right now, that helps.
Otherwise you have to come up with a method that has the U.S. economy getting out of this on its own. Good luck with that.

FJ said...

Like a war, unless the money's spent on something completely useless, the Obama Admin will never go for it.

The Pagan Temple said...

When times are good everybody thinks the ride will last forever, and when things turn to shit, its the same mindset. Every downturn in the economy is cause for a call to emergency action by the government. Hell, that's partly whats got us in this mess to begin with.

Nuclear energy is the solution. We need to stockpile all the oil we can for gasoline, mandate that airlines run on bio-fuels before automobiles are mandated to do so, and use nuclear and other sources for home heating. We're going to be dependent on oil for some time to come, and we need to concentrate on making sure we stay at peak refining capacity.

A few extra refineries wouldn't hurt, but they mainly need to concentrate on keeping the ones they have upgraded and expanding them when possible. Oil companies should have been obliged to do that on their own dime in return for the tax breaks they got from the Bush Administration, as opposed to just doling them out for a wink and a nod.

It's also important to keep our roads and bridges up to snuff, but in a lot of cases that should be the states and communities, not the federal government. If it ain't an interstate road or bridge, the federal government probably has no business fixing it. Let the states take care of their own roads. They could probably work it out by cutting their own pork from their own budgets.

We have a shortfall in our budget in Kentucky, and what does Democratic Governor Beshear do? Tries to raise cigarette taxes. Yeah, right. In one breath, they say it will raise state revenue, and out of the other side of their mouth they say it will discourage and ultimately reduce smoking. I am very confused as to how it will do both.

The best solution would be to raise sales taxes by one cent, from six cents to seven cents on the dollar, and then if anything cut state cigarette taxes and gasoline taxes by at least twenty percent, which would more than make up the hit to most people's wallets, at least anybody that smokes and has to drive back and forth to work or whatever.

The state would be swimming in money and would probably have a budget surplus. That will never happen though, because it would piss off the Kentucky nanny-staters, as it would not discourage smoking or driving.

Which brings me back to the cause of our problems. They could have been easily solved long ago, not so easily now, but they could still be solved. It's just the political and special interest groups that won't let them be solved. Instead, the federal government should have to wave its magic want and do it for us.

"We The People" are facing extinction.

Always On Watch said...

Duck,
Keep printing money, and it becomes useless.

Right now, we're seeing deflation. Next may come horrendous inflation.

At my age, the worst of the BHO debt incurred will be the next generation's problem. Even though Mr. AOW and I don't have children, we do care about future generations' having to shoulder the tax burden.

Ducky's here said...

That's true unless we have economic growth to absorb the new cash.