Wisconsin state rep: ‘Outrageous’ for Obama to alter energy policy without Congress

4 thoughts on “Wisconsin state rep: ‘Outrageous’ for Obama to alter energy policy without Congress”

1. If BHO’s behavior is so “outrageous,” weak, dangerous, ineffective, dishonest, and anti-oath-of-office, the House (under GOP control) should vote articles of impeachment. Even if the Senate (under Dem control) would never vote to remove him, it would be important to make the stand. And do it repeatedly.
   Otherwise, quit whining and defeat the guy by other means at GOP disposal (e.g., cut off funding).

2. In my above comment I forgot to mention you can not disconnect Energy, the Economy, Jobs, and Standard of Living no matter how much the Luddite ‘back to simpler times’ idiots try to do so.

   Try clearing an 1/2 acre of ground for a garden that is covered in trees and brush using a bucksaw, clippers and a pick ax. Unfortunately those pushing a reduction in US energy have never done hard physical labor in their life so they have no appreciation of what cheap energy does for us.

3. The comment to the article are disheartening. Doesn’t anybody have any instruction in logic these days? The only difference between the poorest of African countries and the USA is our access to cheap energy. Without cheap energy we are back to child/animal labor and slavery/serfdom.

   Our actual unemployment rate is 22% Clinton got rid of long term discouraged workers so the destructive results of ratifying NAFTA and WTO would not show in the news reports. link We have not come out of the current recession/depression, the governmenthas just intentionally just ignored the majority of those out of work by fudging the data. link
   Another result of the Clinton trade agreements: Trade Surplus/Deficit as % of GDP

   US net international investment position has also tanked since we went from 25% of labor involved in manufacturing (real wealth) to less than 9%.

   What America’s $2 Trillion Underground Economy Says About Jobs
   Doing what they can to survive in a dour job market, millions of Americans exist in an underground economy that has ballooned to $2 trillion annually.

   By “underground economy,” we’re talking about all the business activity that is not reported to the government, which includes a growing number of people getting paid for their labor in cash.

   That means the shadowy figures of the underground economy – the drug dealers and Mafia godfathers, for example – now have a lot more company….

   The most telling sign of the deep doodoo the USA is in is the repudiation of the USD as the World Reserve Currency that has allowed us to export our inflation. Unfortunately for the USA the rest of the world is getting sick of the FED printing its way out of the messes it creates.

   Pitched Currency War & USDollar Rejection “…Jim Sinclair …captures the theme of this article when he said, “It is the constant drop in the dollar’s usage as a contract mechanism internationally. No one sees this but it is the Hammer of Thor on the head of the dollar.” The rejection of the USDollar in global trade will mean the end of the abused privilege in a currency turned toxic….”

   This isn’t someone’s paranoia either. Australia Enters Direct Currency Trading Agreement With China

   The BRIC countries, Russia, China, India, Brazil, and South Africa are even setting up a rival IMF.

   This is an older article about why the USA does not have Hyperinflation

   …As you can see from the two most severe cases of hyperinflation, the problem in each case was a loss of productive capacity, foreign currency liabilities, and a loss of the ability to tax…. Thus, the loss of the ability to tax is central in hyperinflation….
   So, hyperinflation has very specific preconditions that are not apparent in the U.S..
   1. No foreign currency liability: The U.S. dollar is the world’s reserve currency so the U.S. can pay for trade goods in U.S. dollars…. [Russia, China and others have been rattling that notion]

   2. Price pressures are still anchored: While commodity prices are rising, they are rising in all currencies, not just in USD. Moreover, their rise will create demand destruction before any hyperinflation could occur. Why? Unemployment is high and capacity utilization is low, meaning there are no inflationary pressures on that front to help push inflation higher before demand destruction sets in.

   3. Currency revulsion has not set in: Tax compliance is high in the U.S. We are not talking about Russia, Greece or Argentina where government has had a difficult time in raising tax. [However as times get tougher the untaxed US underground economy is increasing.]

   Moreover, as the USD is still the world’s reserve currency, there has been no freefall sell off of dollars, [ China Reduces Holdings of U.S. Treasuries ] nor do I anticipate any in the near-to-medium term.

   In short, there will be no hyperinflation in the U.S. any time soon.

   Barron’s: China’s Sale of U.S. Debt — Beginning of the End?

4. Anyone with common sense would have to agree with the commentator – what he is highlighting is the fact that the US government is using the potential for emotion about the planet to allow them to take away even more of your freedom – and given that you have precious little left I suggest you start combating this insidious evil