Obama’s New Deal – America’s Raw Deal
Posted by Concerned Citizen on 8th December 2008
They say that if you do not study history, you are doomed to repeat it, and thus begins the Obama presidency.
I have watched the past few days as the executive officers for the largest three auto manufacturers in the United States, grovel before Congress like starving dogs behind a butcher’s shop. The problem in this case is that the scraps they are begging for are billions of taxpayer dollars and the butcher is the Federal government who has shown that the only things they can effectively butcher is the economy of this nation and the apparent will of her people.
So, faced with the biggest three automotive industries teetering on the edge of collapse, their executives admitting they have made huge mistakes and the American people screaming for our government to stop bailing out these irresponsible industries, what does the government decide to do? Do they decide to let the industries declare bankruptcy which would give them a chance to restructure, renegotiate contacts and debts and possibly emerge a much better organized and capable industry much as many airlines were forced to do just a few short years ago? Do they decide to rescind the ridiculous Federal restrictions that have been forces on the industry, lift the Ethanol mandate and rescind the CAFE standard increase that is costing these industries billions in R&D and re-tooling? No. Once again they decide the best way to deal with the problem is to throw our money at it.
Not only that but our Congress had the nerve to demand to have a say in how these companies operate as if they have the slightest clue about the automobile industry. In a moment of heightened hypocrisy and supreme arrogance, Senator Chris Dodd made an astounding comment on CBS’s ‘Face the Nation’. Dodd commented that General Motors Chairman and CEO Rick Wagoner had to go and that most of the executive staff of GM should be walked out the door.
Really? Well what if we held you to those standards Senator? What if the American people decided that because you have squandered our Social Security, bankrupted Medicare and Medicaid, fostered the collapse of the housing market, wasted trillions on bail outs that the American people were against to cover that mistake and put this country in debt to the tune of tens of trillions of dollars that our grandchildren’s children will never pay off, that you too Senator should be shown the door.
Now, we can safely assume that to cover all of these billions of dollars that the government is handing out they are going to cut non-essential spending and tighten the Federal budget to compensate, correct? I mean surely they realize that there is a limited supply of money and they cannot just keep spending and throwing it a failing industries, right?
Wrong. Meet President Elect Barrack Obama who just announced a economic stimulus package that will cost the Federal government, and thereby you, over a trillion dollars. In a move reminiscent of the failed policies of FDR’s New Deal, Obama announces a massive influx of Federal funding into infrastructure, investments in green technology, building schools, improving medical information systems and improving broadband access to the internet. Since when did ANY of these besides the building of interstate highways become the business of the Federal government? For God’s sake, did he actually just release a plan to expand the broadband access to the internet with taxpayer money? Seriously? That sounds almost impeachable.
Seemingly ignoring the fact that the actions FDR took in his great societal New Deal actually worsened the economy, stagnated growth and prolonged the Great Depression by nearly a decade, Obama proposed an equally irresponsible plan that only will serve to make an admittedly bad situation into a disastrous one. People have already been foolishly comparing our current economic slowdown to the Great Depression when unemployment stayed in the 30% range and almost half of all Americans lost their homes. Well get ready folks. Let the Federal government continue to frak around with our economy and you will get what you ask for.
We now have a glance at how the President Elect will handle the growing economic crisis and the vision is not good.
You want a stimulus package that makes sense? Here you go in one paragraph.
First, let the automotive industry enter bankruptcy and begin restructuring their companies so that they can become more competitive in the market. Relax the Federal regulations and ridiculous CAFE standards that restrict the growth and competitiveness of this industry. You can offset this and help save the environment at the same time by offering them some tax incentives to begin re-tooling some of their vehicles to operate on Compressed Natural Gas (CNG), a much cleaner, more efficient and abundant fuel source. However, most of our natural gas currently is wastefully used on power generation and there is no infrastructure to deliver it reliably as a automotive fuel to the market. The electrical generation capacity of natural gas turbine power plants will need to be replaced. The government could immediately commission for the construction of at least twenty twin reactor nuclear power plants across this nation. This would stimulate the construction industry that has suffered so much from the housing market crash and create local jobs in many communities. This would also put us on a path that would allow us to discontinue wasting natural gas of electrical generation and allow CNG to become a viable transportation fuel. Of course an infrastructure would have to be build for CNG processing and delivery to the pump. This could also stimulate economic growth and foster the creation of jobs just as the natural gas boom has done in many areas of this country already. Finally, you could give tax incentives for the purchase of CNG vehicles and tax credits to companies who employ this clean technologies in their fleet vehicles. Over the next ten to twenty years this would create a dual transportation fuel system in this nation and begin a slow migration to reducing our dependence on foreign oil.
There problem solved. This plan stimulates economic growth, addresses multiple energy concerns, creates jobs and even has frakking ‘green’ written all over it.
Posted in Economical, Energy, Politics | 6 Comments »