The US sends $1 billion per day overseas to pay for the fossil fuels we import, and much of that money goes to middle eastern terrorist states that mean to do us harm. How do you feel about that? Does it sound sustainable to you? You complain about subsidies for renewables, oil coal and gas receive billions in subsidies plus they cause environmental damage.
As for global warming, you are absolutely wrong about your "sun cycles" and "peculiar wobble". Why don't you stick to subjects you know something about? Humans dump about 30 billion tons of fossil CO2 into the atmosphere per year. This is gradually increasing global temperature and that is not a good thing for us!
You whine about taxes and claim the government is socialist, lol. I was just reading this article explaining how the rich are getting richer and the poor are poorer;
You left out 2nd mortgages, and even third mortgage HELOCs! Some granted at more than 100% LTV!!! And some granted based on "stated income" no documentation ( derisively called "LIAR LOANS").
For an industry with as much regulation as we had in mortgages and banking, this sured did get screwed up.
And dont forget, it was Congress that thought all of this was a very very good idea, they were promoting home ownership. When you cant sell you home, send your thanks to Chris Dodd.
The recession is not Obama's or Bush's fault.
People got into debt WITHOUT ANY RESPONSIBILITY and BANKS GAVE THEM MONEY AS THEY WISHED.
The standard of living was raised artificially. When it came time to pay back everything collapsed.
Credit cards ( average 7 per family ), cars, personal loans, homes became credit cards, etc. is the reason we are here.
Borrow, Borrow, Borrow can't go on for ever.
Hope people learned something. We'll see.
That last respone to mine that perfectly avoided any factuatual or grounded theoretical discussions of economics, climate change, engineering, etc., was sufficient to engage me in a little bit of self talk along the lines you imply--like why bother to try to explain.
Appreciate to see at least one live mind out here (and as a retired scientist, lawyer, engineer, and human factors engineering psychologist, I really do mean mind, as we are more and other than electro-chemical brains in our full nature).
Heck, this is alll a test anyway, and then we will have to justify our "answers" before long.
In the meanwhile, our dull economy and new "FDR" social welfare Fed Gov is just what NLY needs to prosper and keep us in good dividends.
Jackhiller...... Please don't confuse all the kool aid drinkers on this board with supportable FACTS. You could seriously cast doubt, and destroy their illusions relating to their belief in the future of the world. Their hopes relating to "How green are their valleys in the future" could be shattered. They've been indoctrinated by this mob of global warming hucksters and they don't want to admit it. Did they all drink out of the same cup when their professors fed them this BS? Sorry to rant, but I just have had enough of all the tired rhetoric from these jerks. Good response...
Well duh, that's because no new power was really needed in the US due to lower power consumption brought on by the Bush/Obama recession. That, and the onerous regulations left over from the Clinton era prohibits any company from actually building any power company that can make any power other than a few hundred megawatts from a windmill.
You are unintentially falling victim to bad economic analysis. Even the Administration admits that it hopes that future R&D will eventually make Green competitive with current O&G&Coal resouces that are home grown.
For example, current corn based ethanol is a political invention, not economic, as it uses more petroleum than it produces, and it raises corn prices as land for eating corn is subverted.
Wind and Solar are much more expensive than ordinary fuels, and that's why the Gov has to subsidize them. Our Fed Gov subsidization of uneconomic industries is the equivalent to the old style failed centralized economic planning by Russia and China.
The Gov excuse for Green energy is that it reduces CO2-- which is stupid. First, CO2 promotes plant growth, helpful to farming and forestation.
SECOND, MOTHER EARTH PRODUCES SO MUCH MORE "NATURAL" CO2 THAN humans do that THE INDUSTRIAL CONTRIBUTION IS IN THE measurement ROUNDING ERROR.
THIRD, the CAUSES FOR GLOBAL CLIMATE CHANGE ARE KNOWN TO BE FOUND IN SUN CYCLES AND IN A PECULIAR little WOBBLE IN THE EARTH'S ROTATION.
Indeed, the Gov can create jobs by taxing everyone with an income, individual and businesses-- and then wasting those taxes on dead-end jobs, which is what it has always done.
A corporate tax rate of 24% would be just fine, since that it the average that large corporations with domestic earnings are paying now. Get rid of all the accelerated depreciation, special exemptions, tax credits of all kinds, and a 24% corporate tax rate would generate the same federal income as the present 35% that only a fool would pay.