Obama The Uniter: Mocks GOP Over Energy Positions

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This man has to be the sorriest example of a “professor” ever seen. Not only does he not understand the argument against his green energy push he also “mangles U.S., world History”

That is the headline at the very liberal, very leftist, blog known as Talking Points Memo

You know it’s bad when they are calling him out.

But let’s not even get into his ignorance in history. Let’s get into this statement:

“Now, here’s the sad thing. Lately, we have heard a lot of professional politicians, a lot of the folks who were running for a certain office, who shall go unnamed, they’ve been talking down new sources of energy. They dismiss wind power. They dismiss solar power. They make jokes about biofuels. They were against raising fuel standards. I guess they like gas guzzlers. They think that’s good for our future. We’re trying to move towards the future. They want to be stuck in the past!” Obama exclaimed to cheers from the crowd. “If some of these folks were around when Columbus set sail, they probably must have been founding members of the flat earth society. They would not believe that the world was round!”

Leaving out the fact that the Columbus flat earth assertion is not historically accurate either he still fails to acknowledge what the real argument against his policies are. We all want alternatives to the traditional oil energy but conservatives understand that there is NO green energy alternative that is around today, or will be in the next decade, that can replace oil. So while we all want energy alternatives to be investigated and refined, we still need oil. And its better for our country to get it’s own oil rather than depend on other countries.

Newt asks a great question in response to Obama’s insulting speech:

“Why is Saudi drilling good and American drilling bad?”

“This is utter intellectual nonsense,” Newt taunted.

“If he wants to represent Saudi Oil and algae, I’ll be happy to represent American oil and American jobs and we’ll see this Fall who the American people want to elect.”

Additionally, why should the government subsidize obviously failed technology? Obama attempted to use Henry Ford’s innovation as an example. Well…did the government subsidize Ford?

No.

It was because of a businessman who wanted to become successful AND rich that we got the Model T and all the innovation that came with that.

But Obama wants to tax, tax, and tax some more, men and women like Henry Ford until they are forced out of business while doling out millions to his cronies in green energy. His policies stifle innovation. Stunts growth. And is ruining this country.

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@Greg:

Randy already mentioned that there is a difference between “shale oil” and “oil shale”(which is what you seem to be concentrating on). Without knowing the difference, one can, and does, make the mistake you are making in generalizing.

Search for “shale oil vs. oil shale” sometime, preferably soon. The sooner the better, and the sooner you do so, the sooner we won’t be inundated by your ignorance.

To help you get started;

Shale Oil vs. Oil Shale
Blueprint for an Oil Fortune

By Keith Kohl
……………..
I’ll let you make up your own mind as to whether or not we’ll get around to developing the vast oil shale deposits…

What I won’t let you do, however, is fall for the common misconception that this is the same as shale oil plays like the Bakken. Failing to recognize the drastic difference between these two oil investments would be a catastrophic mistake.

Unlike the kerogen in the Green River, the production coming out of North Dakota is of the light, sweet variety.

http://www.energyandcapital.com/articles/the-difference-between-shale-oil-vs-oil-shale/1917

Here is another site that may get you started on understanding the difference, and why your comments display such ignorance.
http://www.worldviewweekend.com/worldview-times/article.php?articleid=7703

You can continue to fall for the same ol’ playbook of the liberal/progressives in denouncing that which they don’t understand, OR, you can actually be informed.

JOHNGALT
HI,
VERY INTERESTING, AND I’m wondering where does the GAS FIT IN THERE, THE PAPER I COPIED ABOUT IT, TALK OF GAS FROM THE ROCKS BROKEN DOWN AT THOUSANDS OF MILES DEEP,
RELEASING THE GAS FROM THE SHALE BENEATH,
where does the oil come in the subject in that. yes it is confusing for the uninformed,
bye

@Greg, are you the least bit embarrassed about providing an article about oil shale, after we’ve patiently tried advising you of the difference between that and the Bakken shale oil?

duh…. guess that old dog still don’t know how to hunt.

Since Greg has generally proven himself unwilling to click and read en toto, I’ll add to johngalt’s links above, from The Energy Report in Nov 2010.

“Explorers and producers rush to secure acreage in the most promising plays.”

I can’t recall an investment conference where I haven’t received at least one question about the potential of oil-rich plays such as the Bakken Shale and Eagle Ford Shale. Interest in unconventional oil fields has picked up in the wake of the Macondo disaster. Whereas new regulations and permitting delays will hamper U.S. deepwater drilling for at least another 12–24 months, onshore shale plays offer the best prospects for production growth.

Prospective investors should note the huge difference between oil shale and oil produced from shale reservoirs, often called shale oil.

Oil shale is an inorganic rock that contains a solid organic compound known as kerogen. Oil shale is a misnomer because kerogen isn’t crude oil, and the rock holding the kerogen often isn’t even shale.

…snip…

This article doesn’t focus on the oil shale fairy tale but rather a number of shale oil reservoirs located around the U.S. Shale oil plays like the Bakken have far more in common with unconventional gas plays such as Appalachia’s Marcellus Shale and Louisiana’s Haynesville Shale than they do with Colorado’s oil shale.

What makes an oil or natural gas play unconventional? Hydrocarbons don’t occur in giant underground pools but are trapped in the pores and cracks of a reservoir rock. Conventional reservoir rocks, such as sandstone feature high porosity and permeability (that is, they have many pores capable of holding hydrocarbons, as well as fissures and interconnections trough that the oil or gas can travel). When a producer drills a well in a conventional field, oil and gas flow through the reservoir rock and into the well, powered mainly by geologic pressure.

Shale fields and other unconventional plays aren’t particularly permeable. In other words, these deposits contain plenty of hydrocarbons but lack channels through which the oil or gas can travel. Even in shale fields where there’s plenty of geologic pressure, the hydrocarbons are essentially locked in place.

Producers have developed and refined two major technologies in recent years to unlock the natural gas and oil trapped in shale deposits—horizontal drilling and fracturing. The first technology is self-explanatory: Horizontal wells are drilled down and sideways to expose more of the well to productive reservoir layers.

Fracturing is a process whereby producers pump a liquid into a shale reservoir under such tremendous pressure that it cracks the reservoir rock. This creates channels through which hydrocarbons can travel, improving permeability. Over the past several years, U.S. producers have perfected these techniques in a number of prolific shale gas plays. Now more and more of these exploration and production (E&P) firms are applying the same techniques to a handful of established and emerging shale oil plays.

Producers are increasingly finding that long horizontal wells—”long laterals” in industry parlance—and huge multistage fracturing jobs maximize output from shale deposits. For example, in the Bakken producers routinely drill laterals that exceed 10,000 feet in length, a distance of nearly two miles. Plenty of producers do fracturing jobs in more than 30 stages, and a few are contemplating fracturing projects of 42 stages or more. As technology and drilling techniques evolve, output and efficiency continue to improve.

The results explain why exploration and production outfits have rushed to secure acreage in the most promising plays. Not only do these fields produce crude that’s often of better quality than West Texas Intermediate (the U.S. standard that’s the basis for NYMEX futures), but break-even costs are also far lower than in the deepwater.

In the core of the Bakken, for example, producers need oil prices in the $35 to $40 range to earn solid returns on their drilling programs. At current oil prices, some producers enjoy internal rates of return in excess of 100%.

As you can see, it’s important not to confuse shale oil projects with oil shale.

Greg, even the lovely Ms. Bees tried to explain it to you above in a simple form. Do focus, and stop being led off tangent by those who are deliberately leading you away from an energy independent US.

@johngalt, #54:

It’s important to put the Bakken formation reserves into proper perspective. The United States consumes almost 20 million barrels of oil per day. (19.15 million barrels per day, according to CIA calculations.) How big of a dent will Bakken production eventually put into that, and for how long?

Don’t let the thought that I’m conflating shale oil with oil shale gloss over the point that the difference between the two isn’t only one of quality, but also one of quantity. Given our daily rate of consumption and the recent optimistic estimate of 11 billion barrels of recoverable oil in the Bakken formation–putting it a billion or so barrels ahead of ANWR–how long would it take us to burn through the lot? I think that quick and simple calculation provides some needed perspective.

(Actually the Bakken reserves would last much longer than a bit over a year, because the oil could never be extracted at the same pace the nation burns oil. Optimists suggest that the daily rate of production might reach 700,000 barrels.)

If there’s something wrong with my numbers or my logic, I guess I’m missing the error.

GREG
IT SURE would last longer and sooner AVAILABLE then ALGIA,
WOULD IT?

@Greg, what is it with those of you and your narrow tunnel vision? It is not JUST about the Bakkens. It is not JUST about deep and shallow water drilling in GOM and other offfshore resources. It is not JUST about ANWR. It is not JUST about natural gas and coal. And it is not JUST about supporting (not primary) alternative energy when developed by the private sector, and not using the taxpayers dime.

This remains the problem when the gullible buy into the notion that the US only has 2% of the world’s resources. Not only is this incorrect, but it seems to be the liberal slogan to simply pick a single source, and use that as an excuse as to why not to take any US resources, and continue to have the nation beg crude from violent ME despots who know they have the west over the barrel… literally. And you fall back on the same tired argument.. you pick one specific resource, and say “it’s not enough”….

Perhaps looking at the larger picture is beyond your capabilities?

Energy independence is about getting all of them in motion for a combined output. Then add in Canada’s contributions. You can also consider other possibly needed contributions from non OPEC nations. Brazil, who’s developing a few black gold mines, is the first logical new addition of a major partner, not under OPEC’s thumb.

But were you curious enough to click on the link I provided above (apparently not…) you would have learned how much just that single field has in potential.

Estimates of the basin’s potential production growth vary widely. Conservative estimates put the figure at 500,000 to 750,000 barrels per day over the next five years. Aggressive estimates suggest that the Bakken could yield 1–1.5 million barrels per day in a half-decade. Based on recent well results and comments from producers, I tend to believe that production will approach the high end of these estimates—assuming oil prices remain strong.

As for recoverable reserves, in 2008 the U.S. Geological Survey (USGS) estimated that the field contained 3.65 billion barrels of oil, 1.85 billion cubic feet of gas and 148 million barrels of NGLs. Investors should note that this estimate fails to reflect the increasingly productive Three Forks-Sanish play. Initially regarded as a gross overestimate, the USGS figure is now regarded as quite conservative. Continental Resources, the leading player in the field, pegs the region’s recoverable reserves at 24 billion barrels.

But don’t get vertigo from these dizzying reserve estimates; what really matters is production, how many barrels of oil per day the play generates. Under the most optimistic assumptions, the region could produce about 1.5 million barrels per day by 2015, a drop in the bucket compared to U.S. oil consumption of 20 million barrels per day.

Don’t believe the hype about the Bakken enabling the U.S. to become energy independent or an oil exporter. That being said, the field is large enough that it will have a meaningful and lasting impact on U.S. oil production growth.

As far as investors are concerned, low production costs ensure that, at current oil prices, many producers are generating returns in excess of 100 percent for each well drilled. Most wells pay for themselves in 1.5 to 3 years. The economics become even more attractive in the event of higher oil prices. Companies with attractive acreage positions in the Williston Basin should be able to grow profits significantly in coming years.

Therefore let me repeat again… this is not JUST about Bakkens… not JUST about ANWR… not JUST about deep and shallow water drilling…. not JUST about natural gas… etc etc. It is about exploiting every possible US resource for combined max output, and minimizing any dependence upon nation states that are outright US enemies.

Opening all possible production lines would drive prices down… current and futures. It would also be a boom in both jobs and tax revenue, reversing a US recession.

A self-reliant US energy plan is the single most important change a new POTUS could do for national security, for economy, for jobs, for revenue/debt, and for gas prices. Newt was not lying… but your POTUS is.

As far as a vote for any “republican”… not sure I agree with that completely. I don’t trust Romney and coal, and I don’t trust his AGW religion. Santorum? Tend to worry about his union alliances, and how it would affect cost efficient development. The best hope is a veto proof Congress with those dedicated to self-sustainable US energy and a Newt POTUS.

Since the latter is unlikely, unless he and Ron Paul confiscate the unbound delegates, and a veto proof Congress is also unlikely, all we can hope to do is educate those like you who view the world thru myopic lens, provided to you by environmentalists that are clueless, and don’t care that we are dependent upon despots and enemies.

@Greg: Greg, they are drilling for shale oil all over Colorado, Ohio, Pennsylvania, Texas and several other states. There is not only gas in the shale, but there is high grade oil. I use to know a kid in 3rd grade that acted a lot like you. I think he grew up though!

MATA
you have a great way to always put your finger on where is the PRIORITY,IN
THE NEED TO GET THAT ENERGY BY FOCUSSING ON OIL AND GAS FIRST AND GET AMERICA WORKING AND RISE UP THEIR HOPE FOR THE COUNTRY SICKEN NOW WITH THE ENTITLEMENTS COMING FROM ALL THOSE AGENCIES PARALYSING THE NATION’S CREATIVITY AND INTELLIGENCE TO THINK BY THEMSELVES AND TRUST THEIR IDEAS INSTEAD OF HAVING GOVERNMENT EMPLOYEES TO FOLLOW THE ORDERS OF OBAMA’S INTENT TO SCRUTINIZE EVERY LITTLE BIT OF A GOOD IDEA, WHICH IN THE PAST WAS ALL ABOUT AMERICA’S DREAM.
IF OBAMA IS SO STUCK ON HIS GREEN THING HE SHOULD WAIT TILL AMERICANS GET STUCK ON THEIR JOBS TO HELP THEIR FAMILY GROW TO BE THE FREE AMERICANS WITH THEIR OWN
CREATIVES IDEAS NOT COMING FROM THE TEACHERS
FOLLOWING OBAMA’ AGENDA TO MAKE ROBOTS OUT OF AMERICANS AND WITH THE HELP OF THE FAST APPROACHING UN WORLD POWER WITH THE SAME AGENDA AS OBAMA HAS BEEN PUSHING DOWN THE THROATS OF THE TOLERANT PEOPLE
WHO WANT TO REMAIN IN AMERICA NOT IN THE WORLD POWER UN.

@Greggie: Notice how he blissfully ignores the comments showing him his error. The leftist in him just won’t allow for an, “Oh, I guess I was wrong. Thanks for pointing that out” moment.
.
.

@Randy, #60:

Greg, they are drilling for shale oil all over Colorado, Ohio, Pennsylvania, Texas and several other states. There is not only gas in the shale, but there is high grade oil.

Yep. No doubt there’s more to be found than we’ll ever need, and anyone who suggests that might not be so is a complete idiot.

GREG
LAST YEAR SOME EXPERT ON RESEARCH FOR OIL FOUND THE OIL TO BE BIGGER THAN ALL THE ARAB OIL COMBINED, so they should not be afraid to drill it was mention a number
like 400 years approximation that was in the BACKEN FROM CANADA TO NORTH WAY UP USA.

@Greg:

Greg, my posting was in response to your posting about “oil shale” and it not being a viable source of oil, which was after Randy attempted to inform you of the difference between oil shale and shale oil. Your ignorance on the entire issue of energy is on display within this topic. One has to wonder if you are trying to audition for a spot on Obama’s energy team, judging by your lack of knowledge and practicality on the issue.

@johngalt: Then there would be four to fire! LOL

What I know is that global demand will increase more rapidly than global supply no matter how much exploration and drilling we do, and that however much we find, the total supply of economically recoverable oil is finite. Thinking only ten or twenty-five years ahead is not an example of responsible, long-term thinking.

Any national economy that’s still dependent on petroleum as its primary transport fuel twenty-five years from now will be a doomed economy.

@Greg:
Econ 101 teaches us that when the price of a commodity goes up enough more of it that was previously NOT economically recoverable becomes economically recoverable.
We have already pumped out more than the total amount of oil ever predicted to be under certain parts of the world…..many times over!
Our predictions have been way off.
Our ability to invent new, cleaner, cheaper ways of recovering oil have been amazing.
No one but President Straw Man Obama is saying the USA should be all-or-nothing…oil 100% for the foreseeable future OR with him.
(Oh, maybe you say that, too.)

The operations of the physical universe are not grounded in economics. Economics can’t create more of a finite natural resource. All economics influences is how quickly you deplete what was available to begin with.

The “economics” of recovery in this case has less to do with the number of dollars that must be expended to obtain a barrel of oil than with the amount of energy that must be expended to obtain to obtain a barrel of oil. Republicans seem to be totally fixated on the dollar equations. They measure worth by dollars, efficiency by dollars, wealth by dollars, and achievement by dollars. They look at the world through a distorting lens of profits and losses. Environmental issues are seen as a profit/loss issue. Even a threat like global climate change is a question of profits and losses.

This explains much about their narrow world view.

@Greg:

Greg,
Looks like either you’ve fully bought into that ”peak oil” myth…..or you’ll swallow whatever Obama spits out.
Do you think all of the fresh water that we ever will use has already been created?
Or is there a natural earth cycle that produces more?
What about diamonds?
Earth cycles produce more of them, too.
Same with oil.
It is constantly being replenished from within the earth.

Obama uses the faulty premise that our oil is equivalent to our proven oil reserves.
That is simply not true.
It’s like saying that Bill Gates only has $20K of liquid cash in his primary checking account this month so he must be close to filing for bankruptcy.

The Energy Information Administration explains, proved reserves “are a small subset of recoverable resources,” because they only count oil that companies are currently drilling for in existing fields.

EIA adds another 24 billion barrels in shale deposits in the lower 48 states.
The U.S. Geological Survey adds another 2 billion barrels of oil in shale deposits in Alaska’s North Slope and 12 billion barrels in ANWR.
The Bureau of Ocean Energy Management adds at least 86 billion barrels of oil in the Outer Continental Shelf.
Add 19 billion barrels in the Utah tar sands, according to the Bureau of Land Management.
AND…..
The Green River Formation in Wyoming, which according to the USGS contains a stunning 1.4 trillion barrels of oil shale.

So, ignore Obama.
We have vast supplies of oil in the U.S., according to various government reports.

If only we could base the nation’s energy economy on hot air, we would have very little to worry about.

It already is founded on hot air, Greg…. which is why we have plenty to worry about.

Greg said: “Any national economy that’s still dependent on petroleum as its primary transport fuel twenty-five years from now will be a doomed economy.”

This, may very well BE TRUE…. that said, we STILL need OIL, to GET US, from HERE, to whatever NEW fuel is developed!! And, we need to keep it as cheap as possible, to not KILL the ECONOMY, until such IS DEVELOPED….

DO YOU GET THAT POINT???????

GEEZUS H CHRIST!! I’ve never seen such a ….

One more thing… the GOVERNMENT, will NOT be who finds, develops, and brings it to us.. it will be the PRIVATE SECTOR… always has been, always WILL BE…..

all the GOV can do, is PLUCK UP every thing it touches…. DENY THAT!

@Hankster58:, #74:

Fifty percent of all new businesses collapse and fail within five years.

The federal government is still up and running after well over two centuries.

Private sector entities are answerable to no one, except to the extent that government, law, and regulation have made them so.

The government, on the other hand, is answerable to the people.

GREG
when did you see the GOVERNMENT ANSWER THE PEOPLE LATELY.

http://www.nationalreview.com/campaign-spot/293869/energy-production-federal-lands-declining-under-obama

Total sales of all fossil fuels produced on Federal and Indian lands, which are measured in terms of British thermal units (Btu) to allow for aggregation across all fossil fuels, dropped by about 6 percent between FY 2010 and FY 2011 .

Crude oil production? Down from 739 million barrels to 646 million barrels in FY 2011.

Natural gas production? Down from 5,415 Billion cubic feet (Bcf) to 4,859 Billion cubic feet (Bcf) in FY 2011.

Natural gas plant liquids? Down from 115 million barrels to 111 million barrels in FY 2011

Coal production? Down from 478 million short tons to 470 million short tons in FY 2011.

Taken altogether, the total amount of fossil fuel produced from federal land hit 18.6 quadrillion British thermal units (Btu), lower than every year since 2003.

@Greggie: This tired old argument that it will take too long or be too costly to go after oil, so let’s generate pond scum, or put propellers on our heads is just stupid.

It’s like saying, I’m hungry. If I bake a cake, I can’t eat it for 45 minutes and cannot eat now. I won’t bake that cake.

@Greggie: You said:

Fifty percent of all new businesses collapse and fail within five years.

The federal government is still up and running after well over two centuries.

Do you ever stop and READ what you type? I am thinking that if you did, you might, just might see how dumb some of the things you say really are.

Comparing a government to a business is like comparing an ox cart to a dumptruck.

@anticsrocks, #79:

Comparing a government to a business is like comparing an ox cart to a dumptruck.

Really? My impression has been that republicans generally believe the country should be run like a business, and that only a businessman is qualified to do the job.

I suppose I got that incorrect impression by listening to what they’ve been saying. Doesn’t anybody else bother to listen?

If Mitt is so good at business, perhaps he should stick to that. Whatever his business actually is. I’m still a bit unclear on what useful goods or services he’s actually responsible for producing–if any–or how doing so qualifies him for the job of President of the United States.

Greg, so you are saying, ONLY the Gov is capable of taking care of you????
Where DID you get your nanny state mentality from?? You ARE, without a doubt, a CARD CARRYING Socialistic Commie. You theology PROVES it, beyond a reasonable doubt! WHY, do you WASTE time here then??? You just enjoy being a “splinter” is our butts i take it… or in other words.. an intentionally irritating, simple minded troll. You’ll never change, the Deluded and Dumb never do. You are a WASTE of the time, of any and ALL here… Enjoy, as of now, you have one less person, to comment to. See ya, I’ll no longer indulge your UN-American fantasies…. BYE! LOL!!

DAMN! I feel BETTER already!!

GREG
AS YOU SEE IF A PRESIDENT HAS NO EXPERIENCE IN LEADERSHIP, AND NO WISDOM TO KNOW THE HISTORY OF THIS NATION ,TO LEAD PROPERLY HE CANNOT RUN THE WAY SHE WAS A CAPITALIST REPUBLIC OF THE UNITED STATES OF AMERICA, NEVER TO BE CHANGE,
YOU FAIL IF YOU RUN AMERICA ONLY ON A POOR COMMUNITY TRAINING ORGANIZER EXPERIENCE OBAMA HAD, AND THAT IS FOR COMMUNIST AGENDA AND EVEN THERE, HE CANNOT GET IT TO WORK RIGHT, BECAUSE OF NO MORE MONEY COME TO SUPPLY THE UNEMPLOYED AND THE WELFARE RECIPIENTS, WHO WILL GET VERY SURPRISE TO SEE THE COLLAPSE HAPPEN EVENTUALITY CHOKING EVERYONE COMING LIKE A TORNADO UN EXPECTED. BECAUSE THE BALANCE IS TILTING ON THE EMPTY SIDE OF THE TAXPAYER GETTING UNABLE TO EVEN PAY THEIR TAXES TO SUPPLY THE REST, THAT IS PROVING THAT ANY COMMUNIST GOVERNING FAILED BEFORE AND HISTORY TELL OF THE DEATH OF HUMAN BEING RELATED TO COMMUNIST HAVING BEEN FORCE ON THE GOOD AND TOLERANT PEOPLE OF THOSE BROKEN DOWN COUNTRIES WHO IMPOSED IT,

There are some very big American industries employing a very large number of people that are still in business today only because of Obama policies. Where would GM and all of the attendant support industries be now, without proactive government intervention? As the economy gains strength–which it is clearly doing–how many small businesses across America still exist only because of Obama’s policies during that long interval between the 2008 crash and now?

Name one thing during that interval that the republican right willingly did that improved the economy, saved American jobs, or kept unemployed workers and their families off the streets. Then think about all of the resistance they put up against the policies that saved the nation from total ruin.

You’d think corporate America would at least be grateful for quarter after quarter of record profits during the worst economic downturn since the Great Depression.

Personally, I intend to cut these people zero slack between now and the election. They’ve certainly cut the President none.

Greg: There are some very big American industries employing a very large number of people that are still in business today only because of Obama policies. Where would GM and all of the attendant support industries be now, without proactive government intervention?

Oh yes… more of those crystal ball economics I’ve come to expect from the O’faithful. You know, that uncanny ability to see parallel universes?

pffft

Well, two can play at that seer game, Greg. Just like most companies in trouble, both GM and Chrysler would likely still be in business after being restructured for a more affordable operating budget in bankruptcy. To boot, the top tier investors wouldn’t have taken a bath by Obama usurping federal bankruptcy laws, and passing it off to his union buds.

If they had no redeeming values to rescue, it would have folded, and the slack would have been taken up by other auto manufacturers. And the nation wouldn’t be in the business of manufacturing cars no one wants, and will be the environmentalist’s worst nightmare down the road.

Name one thing during that interval that the republican right willingly did that improved the economy, saved American jobs, or kept unemployed workers and their families off the streets. Then think about all of the resistance they put up against the policies that saved the nation from total ruin.

Prior to Jan 2011, name one moment where the Republicans had any power to effect anything in the Pelosi/Reid Congress, Greg. For four years, they didn’t even need to show up for work since their numbers were so insignificant as to be an afterthought.

That said, what you consider an accomplishment and what I do are two different issues completely. But since we’re working on your socialist/statist mentality, you can thank them for the never ending unemployment bennies and your $45 bucks in payroll tax holidays, negotiated as part of the Bush tax policies extensions. On the flip side, both of those acts made steam pour from my ears within 30 days of the midterm elections.

GREG
aren’t you shifting the guilt at the wrong place?
who is responsible for the ASTRONOMIC DEBT? WHO KEPT SPENDING AMERICA
like there is no tomorrow and who was so free to spend all over the WORLD EVEN ON ENNEMIES
COUNTRIES HATERS OF AMERICA, HE WAS VERY GENEROUS SPENDING THE PEOPLE’S MONEY ABROAD,
SO DON’T YOU THINK THAT THE PEOPLE RICH AND POOR DID NOT NOTICE,?
DO YOU THINK THE PEOPLE ARE STUPID BECAUSE THEY TOLERATE IT?
DO YOU THINK THE RICHS WILL SHARE MORE TO A RUNAWAY SPREE SPENDER?
THE RICHS ARE PAYING THEIR SHARE AND ARE GIVING TO CHARITY OF THEIR CHOICE,
WHY WOULD THEY GIVE TO THE GOVERNMENT WHO SAY THEY WILL REDISTRIBUTE THEIR MONEY,
WHEN THE GOVERNMENT CANNOT EVEN MAKE THEIR BUDGETS, AND THE REPUBLICANS TRY TO FIX
TRY TO RESTRAINT THEM BUT THEY COULD NOT MOVE THEY WHERE DENIED ANY INCENTIVES THEY TRY TO PUT ON THE TABLE BY THE DEMOCRATES,
SO PUT CESAR WHERE CESAR IS ON THE GUILTY AS EVERY BODY KNOW, EXCEPT YOUR BLIND KIND,

Greg, it seems you do not take into account the huge increase in debt, Obama has thrust upon the nation. It’s just come out, Obama’s outright distortion of the facts, that, instead of the 3.5 trillion reduction in the deficit , he said we’d have in 10 years, it will instead go the other way, a 7 trillion increase! This will be deadly to our economy taking into account, how much he already has raised it to! Now, add 7 trillion more?

In Reading you posts, it seems your opinions, comments, and ideas are all over the place. The huge debt America now carries, caused by the lack of disciplined spending, will destroy any “recovery” you seem to think you are seeing. I’ll give you the same advice, I give to Liberal people I know near me, turn off the TV,and CNN online, and go outside. Look up and down your local main street, talk to your local businessmen, talk to your friends, and relatives, ask them what they are experiencing, not what they are hearing and believe that!

Look at the “for-sale” ads, notice what everybody is trying to sell for extra cash. Ask them if there are any buyers. Those things are real, anyone, can say anything, on any TV or internet site. Do some looking about, and try, to open your eyes, to what you see, and not listen, to what you are told. Then, you will know the truth.

Mata here, seems to have a firm grip, on the realities of the situation! Greg, you’d do well to take note. This site is fascinating. Lots of good writing here.

@Greg: You said:

If Mitt is so good at business, perhaps he should stick to that. Whatever his business actually is. I’m still a bit unclear on what useful goods or services he’s actually responsible for producing–if any–or how doing so qualifies him for the job of President of the United States.

And all that drivel has what to do with the OP?

Since I am responding, explain just how “answerable” Obama’s admin has been the last three years?

The American public did not want Obamacare – too bad, he rammed it through.

The American public did not want Cap and Trade – too bad, he did an end run around Congress through the EPA.

The American public did not want the stimulus – too bad, and thanks to his “do nothing” Democrat led Senate not passing a budget in three years, it has been worked into the baseline of our federal budget.

If a private business had done any of that, let alone all of it, the folks in charge would be facing charges.

Really Greg, as I have pointed out before, try reading what you type before you click the Post Comment button down there on the left.

@Greg: Are you really this dim, or just completely drunk on kool aid?

The reason the GOP didn’t do anything between 2008 and now is because the Dems controlled everything.

Since the 2010 mid-terms, the GOP has passed nearly three dozen bills aimed at job creation. Every one of them are sitting on Harry Reid’s desk right now, collecting dust.

I’ll go you one better, YOU name ONE thing Obama has done that has improved the economy.

And it is painfully clear that you don’t understand corporate bankruptcy at all. GM would not have disappeared, nor would any of their suppliers. Corporations file for bankruptcy protection all the time and it gives them time to renegotiate contracts, reshape their business model and restructure their debt in order to emerge from bankruptcy leaner and more efficient.

@Greg: You said:

As the economy gains strength–which it is clearly doing–how many small businesses across America still exist only because of Obama’s policies during that long interval between the 2008 crash and now?

*sigh*

The recession started in December, 2007. Go to the website of the National Bureau of Economic Research (www.nber.org) to see the complete history of America’s recessions. What that history reveals is that before this last recession, since the Great Depression recessions in America have lasted an average of 10 months, with the longest previously lasting 16 months.

When President Obama entered office in January, 2009, the recession was already in its 13th month. His responsibility was to manage a timely, robust recovery to get America back on track again. Based on the historical record, that recovery was imminent, within a couple of months or so. Despite widespread fear, nothing fundamental had changed to deprive America of the long term, world-leading prosperity it had enjoyed going back 300 years.

Supposedly a forward looking progressive, Obama proved to be America’s first backward looking regressive. His first act was to increase federal borrowing, the national debt and the deficit by nearly a trillion dollars to finance a supposed “stimulus” package, based on the discredited Keynesian theory left for dead 30 years ago holding that increased government spending, deficits and debt are what promote economic growth and recovery. That theory arose in the 1930s as the answer to the Great Depression, which, of course, never worked.
~~~~~
The National Bureau of Economic Research scored the recession as ending in June, 2009. Yet, today, in the 49th month since the recession started, there has still been no real recovery, like recoveries from previous recessions in America.

Unemployment actually rose after June, 2009, and did not fall back down below that level until 18 months later in December, 2010. Instead of a recovery, America has suffered the longest period of unemployment near 9% or above since the Great Depression, under President Obama’s public policy malpractice. Even today, 49 months after the recession started, the U6 unemployment rate counting the unemployed, underemployed and discouraged workers is still 15.2%. And that doesn’t include all the workers who have fled the workforce under Obama’s economic oppression. The unemployment rate with the full measure of discouraged workers is reported at http://www.shadowstats.com as about 23%, which is depression level unemployment.

Today, over 4 years since the recession started, there are still almost 25 million Americans unemployed or underemployed. That includes 5.6 million who are long-term unemployed for 27 weeks, or more than 6 months. Under President Obama, America has suffered the longest period with so many in such long-term unemployment since the Great Depression. – Source

I LOVE the fact, so many here, can give FACTS, FIGURES, and RESPECTABLE sources, while others just babel Bullschite… LOL!!! Antics.. you DO ROCK!!
To bad, the brain dead, cannot ABSORB the truth…. ya know, someone here remind me of a ROBOT.. can only repetitively run/repeat what it’s been programed… nothing more….. my CONURE is more intelligent!! LOL!!!

@FrankCastle, #85:

Greg, it seems you do not take into account the huge increase in debt, Obama has thrust upon the nation.

What thrust a huge increase in debt upon the nation was a decade of patently irresponsible tax cuts, two major unfunded wars, and the worst economic recession since the Great Depression, all of which were deeply entrenched before Barack Obama was even elected.

Those are the simple facts.

The republican solution? Rolling back new financial industry regulations that haven’t gone far enough in the first place, cutting taxes even further–once again on the high end–when debt is already rising at a record pace, and a search for some new overseas war to blunder into.

Thanks, but no thanks. We’re still trying to get over the last time we did all of that. Look where it got us.

Whatever establishment republicans say, the real game is obvious: Wealth and its benefits are shifted upward to a privileged few, while the accumulating and compounding costs of the policies that make that redistribution possible are shifted to society as a whole.

@anticsrocks, #89:

And it is painfully clear that you don’t understand corporate bankruptcy at all. GM would not have disappeared, nor would any of their suppliers. Corporations file for bankruptcy protection all the time and it gives them time to renegotiate contracts, reshape their business model and restructure their debt in order to emerge from bankruptcy leaner and more efficient.

I understand exactly how that works: Corporations file for bankruptcy protection and unload their pension obligations onto the public by way of the Pension Benefit Guaranty Corporation. They stiff their creditors, fire hourly workers who have often given them years of service, and subsequently hire back those they want at much reduced pay and benefit levels. Somewhere along the way high-place corporate officers who oversee this process pocket hefty personal rewards that were part of their employment contracts. Then the corporation often goes on its merry way as if nothing happened, those in charge congratulating themselves on their leaner, meaner money-making machine.

Am I wrong, or is that a bit of a recurring pattern?

Greg said;

Fifty percent of all new businesses collapse and fail within five years.

The federal government is still up and running after well over two centuries.

Private sector entities are answerable to no one, except to the extent that government, law, and regulation have made them so.

The government, on the other hand, is answerable to the people.

In that posting, you can see Greg’s worldview in it’s entirety. It is impossible to answer, or have an honest discussion with someone who has swallowed the statist view so fully that they now repeat the idea that government is the source of everything in our lives, and that only government can, or will, enable our lives to get better.

Greg displays a kinship with those who fought against our founders in the Revolutionary War. He displays a brotherhood with those we fought against in WWII. And he displays the fully consummated marriage to the ideas of those we fought against in the Cold War. He doesn’t understand our founding, either the reason we fought for freedom, or the ideas put forth within the Constitution.

@Greg: Let me educate you, Greggie. Or at least try

You said:

What thrust a huge increase in debt upon the nation was a decade of patently irresponsible tax cuts, two major unfunded wars, and the worst economic recession since the Great Depression, all of which were deeply entrenched before Barack Obama was even elected.

Those are the simple facts.

Strictly for the sake of argument, let us say that the above quote from you is true – which it isn’t, but as I said, let’s just say it is.

If all of those irresponsible tax cuts, unfunded wars and the worst economic recession since the Great Depression (again, we’re ignoring the fact that you just compared a recession to a depression) really were inflicted upon our country, then how friggin’ irresponsible was it for Obama to add to the misery by spending FIVE TRILLION DOLLARS WE DID NOT HAVE!?!??

Before you say that he had to spend that to “save us from the second Great Depression,” how exactly is spending all that money the antidote to, well by your own argument, spending money we didn’t have?

I truly would like for you to form a coherent, thoughtful response to my question.

@Greg: You said:

The republican solution? Rolling back new financial industry regulations that haven’t gone far enough in the first place, cutting taxes even further–once again on the high end–when debt is already rising at a record pace, and a search for some new overseas war to blunder into.

Sources, please. Show which regulations were lacking, and please tell us which overseas war the GOP is searching for?

@Greg: So let me get this straight. You basically turn to the government for virtually every aspect of your life. We know this from your many, many comments here at FA.

With that being said, you just ranted about a corporation filing bankruptcy to ensure it’s creditors, bond holders and stock holders that they will get paid. In order to do this, if they need to renegotiate union contracts, the corporations are ripping the workers off. Rather than lose their jobs, the evil corporations are trying to still be able to pay them a portion of their wages while restructuring their debt, business model, etc…

In the course of this bankruptcy the never greedy, always benevolent government not only makes the corporation put monies for pension plans in a separate account, they (the government) guarantees these pensions and you call it “unloading” their “obligations?”

*sigh*

From the US Department of Labor:

Workers in bankruptcy situations face two important issues when it comes to their retirement benefits: access to pension benefits and the continued safety of their pension assets. Generally, your pension assets should not be at risk when a business declares bankruptcy, because ERISA requires that promised pension benefits be adequately funded and that pension monies be kept separate from an employer’s business assets and held in trust or invested in an insurance contract. Thus, if an employer declares bankruptcy, the retirement funds should be secure from the company’s creditors. In addition, plan fiduciaries must comply with the ERISA provisions that prohibit the mismanagement and abuse of plan assets. If contributions to a plan have been withheld from your pay, you may want to confirm that the amounts deducted have been forwarded to the plan’s trust or insurance contract.

In addition, some pension benefits may be insured by the Federal Government. Traditional plans (defined benefit plans) are protected by the Pension Benefit Guaranty Corporation (PBGC), a Federal Government corporation. If a plan is terminated because an employer has financial difficulty and cannot fund the plan, and the plan does not have enough money to pay the promised benefits, the PBGC will assume responsibility for the plan. The PBGC pays benefits after termination up to a certain maximum guaranteed amount. On the other hand, defined contribution plans, such as 401(k) plans, are not insured by the PBGC.

In the event the pension plan is terminated, the plan must vest your accrued benefit 100 percent. This means that the plan owes you all the pension benefits that you have earned so far, even benefits you would have lost if you had voluntarily left your employment. – Source

Greggie, it’s late, no make that early in the A.M. here. I tire of your socialist, hate the wealthy, nanny state mentality. Surprise me and do some reading before you blather on, okay? It should be easy, unlike you I cite my sources.

@Hankster58: *bows*

Thank you, sir. I try to stay away from the nastiness, but admit that there are times when my patience runs out. What is it Mark Levin always says? Oh yeah, I just try to educate ’em one drone at a time.

anticsrocks
hi,
they are under the OBAMA rock, and are sinking in the muddy water, more as we speak,with the debt,
can you believe they want to reelect anti progress party, while debating here that it is the best,
your argument has proven to have the solution to fix a whole society problem and prevent the
socialist long arms advance,
but they don’t want to hear, they prefer to listen to angry rhetoric from their own without any solution.
bye

Apparently anyone who doesn’t fully appreciate the values, methodology, and views of Gordon Gekko is some sort of mentally deficient anti-American socialist.

I guess we’ll see how mainstream American voters feel about that, come the election. Unless voter suppression efforts swing the outcome, my guess is that Mitt will still be “unemployed” after November.

To one, whom I will not dignify by name… one simple observation.
ONCE an IDIOT, ALWAYS an IDIOT.
The WISE man learns from Mistakes, and Errors in Judgements or Beliefs, and adjusts his thinking/opinions accordingly.

The FOOL keeps repeating the same, over and over…. which is why, the PROBLEM is never fixed….

Example?? the LIBERALS “War on Poverty”… been going on Since 1964, and LBJ’s “Great Society” (i.e. WELFARE program)….. the RESULT??? MORE on the dole NOW, than ever before! What did it FIX?? NOTHING! What has it COST????? DUH……

Next, the Obama plan to SPEND us into SOLVENCY! When, in the course of Human history on this planet, has THIS principle EVER been proven to work?? NEVER…. yet the Liberal loons INSIST it is right. Really. I think it time, for STRAIT-JACKETS, for members of a certain party, for they are starting to prove themselves to be, QUITE INSANE!!!

As to the LOCAL to us HERE Lunatics comments about Bankruptcy vs. BAILOUT…. Um, The TAXPAYERS got screwed. The GM Stock SHAREHOLDERS were hosed. GM, ever so THANKFUL for this bailout, built, and expanded it’s manufacturing base…. IN BRAZIL!! see story HERE : http://www.laht.com/article.asp?CategoryId=12396&ArticleId=320909
To see a part of their use of the TAXPAYER BAILOUT monies… and, Sir Lunatic. you were saying how it HELPED the WORKERS HERE?!?!?! REALLY?????

The TRUTH is Sir Lunatic…. the ONLY people, who SCORED from the GM bailout really, was THE UNION!! As in, PAYBACK, for the VOTE block, the UAW delivered to Obama. So truth be known there, nutso, is you SUPPORT, using TAX FUNDING, to BUY ELECTION VOTES… YOU, are as corrupt, as YOUR candidate is. You poor sick ba$tard…. MORE PROOF???

SOLYNDRA, and several more like it. Solyndra got a HALF BILLION of OUR $$$ from Obama… Solyndra execs were BIG Obama contributors….. and, the Solyndra funds, were structured, so, in a bankruptcy, WE did not get paid back…. I expect Obama, will see LARGE amounts of donations, from these same people….. but, to a Lunatic.. that is just A-OK……

Then Sir Fool.. you talk of ROLLED BACK Financial regulations…well, I sell only ONE, that led DIRECTLY to the financial sector meltdown that has got us where we are… the Community Re-Investment Act. These programs sound SO WONDERFUL in name, and are SO DEADLY in their results!! The CRA, was a DIRECTLY contributable reason for the BANK COLLAPSE we just had…..and, sorry to tell you, Lunatic, it was ALL 100% DEMOCRAT BACKED/FORCED thru,and SUPPORTED….was NOT a Republican issue at all!! As a matter of Fact, CARTER started the mess…Worst POTUS in US history #2……then Bush 1 issued a THROTTLE BACK on it, then CLINTON, Pushed it FORWARDS, HARD, during HIS administration….and, the collapse happened, once HE left, during Bush 2….. and so, Our CURRENT POTUS, worst ever#1, blames it ON BUSH!! LOL!!

And, as to the Comment about “Voter Suppression efforts”??? Since when, is an HONEST election, a BAD thing?? Oh, I forgot, such thinking SCARES LIBERALS right down to their SOCKS!! You are, the dumbest, stupidest, and most gullible hook, line and sinker taking libtard, I have EVER had the DISPLEASURE of ever HEARING about!!

And yet, the Dumbassed out there, believe it!! RIGHT, Sir Lunatic?? GEEZUS…..

Apologies to all others out there, for my Crass language, but, to the Idiots among us, polite discourse, is NOT possible…. so it has been PROVEN, here time and time again. The, as I have come to learn in Forums elsewhere, TROLLS, are NEVER able to “see the light”… Hmm…

“Apparently anyone who doesn’t fully appreciate the values, methodology, and views of Gordon Gekko”

It would appear, SOMEONE here, cannot distinguish a MADE UP movie character.. from REALITY….that WOULD explain a lot, Now wouldn’t it…. Crazy, Insane people have the same issue I have read….

Hey, I knew all along that Ronald Reagan was playing the part of President. I remembered him from the 20 Mule Team Borax commercials.

Nice DODGE.. you learn that in Libtard class?? Typical Liberal, NEVER answer the EXACT asked question…. To bad, you are OBVIOUSLY too stupid, to think for yourself. Done, Gone, bye.