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Peak oil, that is funny. In third grade I remember reading we would be out of oil in 50 years. That was 46 years ago. Malthus is still wrong. Ricardo is still right.
Newsflash, 50 years ago we could supply all our own oil and export oil. These days we depend on imports for most of it. Those foreign sources will dry up eventually as well. If we even tried to extract every last drop of our own oil we'd have it used up in under a decade (and you'd be paying a hefty price for products made from unconventional oil and low grade crude). Peak oil is quite real. Modern technology has pretty much found nearly all the world's oil, and at current global useage rates, we have around 32 years or so of oil in the world. There will be some oil available after that but it will be unable to sustain the modern economy. There will be shortages in the not so distant future (our military and other countries' including Germany's is preparing for that). We live in a fairly small planet with limited resources available, anyone who thinks we can extract something like oil at the current rate forever is delusional. Sometimes the truth hurts.
Pretty much. The only difference today is, credit isn't gushing like a geyser, so American's can't spend/consume like drunken sailors. This is basically why we will have recession like conditions for the foreseeable future. Even still, more Americans are trying to save then ever, so even if you turned on the spicket, they have been punished for this credit based spending and the scars are still fresh. Once bitten, twice shy.
On the bright side, we can finally construct an economy that actually works, and isn't based on unsustainable debt/credit spending, overconsumption and wastefulness... This will be a painful adjustment, but perhaps we can build a system that our children can benefit from, and leave something that works for a change. Time to stop kicking the can down the road and expecting the next generation to have all the answers. You can't build a strong economy on trading houses and getting fat. Time to start offering something of worth that the rest of the world can use, and competitively so.
For the record, no president can do this for us. We need a strong education system, confident entrepreneurs, people with an actual work ethic and a can do attitude... Seems all we have today are a lot of losers complaining about how the rich took a crap on them and stole their cookies.
Romney doesn't have a plan. Just the same, Obama doesn't have a plan. You can't force the free market to behave in your favor. Influence it yes, but that takes time. Far more than the 4 years a president has to get the job done. Our disposition is decades in the making. Good luck seeing any change in 4 years.
Of course, these people are politicians. They know they have to make promises they can't keep otherwise no one will vote for them. I wouldn't take it personally, it's their job to lie. Would you rather they be honest and tell you wages are going to stagnate/decline for the foreseeable future? Would you rather them tell you technology and cheaper foreign labor will continue to eliminate jobs, or pull them somewhere else? Would you rather them tell you the America you knew years ago is no longer viable?
Face it... If they told the truth, very few Americans would vote for them. It up the the educated voting bloc to use their brains and figure this out.
Presidents don't create jobs. Obama proved that point pretty clearly. Anything Romney does will have the same effect... Nothing. Globalization and technological advancements will hold the need for labor at bay, and may even reduce it's need. Thankfully, Americans aren't having an average of 4-5 children per family, so hopefully we can reach some sort of break even point. Adding more immigrants to the labor pool is not going to help, that's for sure... How about educating our kids so they can become competitive in the changing labor market? How about more targeted technical programs and certifications so they can jump immediately into the job market? Once there, and with little debt, they can help contribute to the economy by spending their money on consumer goods, instead of paying mini mortgages and such?
IMO, you're wrong. Everytime a democrat has come up with a bill, every step of the way, there has been obstructionism. Obama submitted a jobs bill, he submitted budget proposals, and everything he has tried to do was stalled or blocked.
BTW, I already knew that presidents DO NOT CREATE JOBS, please write to willard and tell him that because he has said he will create 12 million of them if elected.
IMO, you're wrong. Everytime a democrat has come up with a bill, every step of the way, there has been obstructionism. Obama submitted a jobs bill, he submitted budget proposals, and everything he has tried to do was stalled or blocked.
BTW, I already knew that presidents DO NOT CREATE JOBS, please write to willard and tell him that because he has said he will create 12 million of them if elected.
it may be true that government is not in a position to "give jobs" out (since they certainly aren't doing that under the obama administration) but you can foster an environment which will help generate jobs.
that is what romney is talking about-less regulation, less red tape, more "incentivization" to buy american, more retraining efforts, and concentrating money on the energy programs that will work, not those which do not.
in my county now, the local politicians have a stranglehold on the one restaurant in a nearby town, (they own it) and block every effort by anyone else to open a restaurant --with a bunch of red tape, fees, and regulations. how many areas is this playing out in america?
reducing or eliminating fees would certainly help the small business start-ups. some people don't have a lot of capital to start a fledgling business, and allowing everybody a shot to live their dream would certainly help america out.
if anybody checks out obama's "jobs bill" they would understand that he has NO CLUE how to generate jobs and he just speaks in platitudes, as he does now, without really understanding the "you didn't build that" private sector at all.
Newsflash, 50 years ago we could supply all our own oil and export oil. These days we depend on imports for most of it. Those foreign sources will dry up eventually as well. If we even tried to extract every last drop of our own oil we'd have it used up in under a decade (and you'd be paying a hefty price for products made from unconventional oil and low grade crude). Peak oil is quite real. Modern technology has pretty much found nearly all the world's oil, and at current global useage rates, we have around 32 years or so of oil in the world. There will be some oil available after that but it will be unable to sustain the modern economy. There will be shortages in the not so distant future (our military and other countries' including Germany's is preparing for that). We live in a fairly small planet with limited resources available, anyone who thinks we can extract something like oil at the current rate forever is delusional. Sometimes the truth hurts.
I've heard this all before, Chicken Little. In 1875 it was being predicted that major US cities would be knee deep in horse manure by 1950. Go spread your doomsday scenarios elsewhere. Maybe some fool will believe them.
it may be true that government is not in a position to "give jobs" out (since they certainly aren't doing that under the obama administration) but you can foster an environment which will help generate jobs.
that is what romney is talking about-less regulation, less red tape, more "incentivization" to buy american, more retraining efforts, and concentrating money on the energy programs that will work, not those which do not.
in my county now, the local politicians have a stranglehold on the one restaurant in a nearby town, (they own it) and block every effort by anyone else to open a restaurant --with a bunch of red tape, fees, and regulations. how many areas is this playing out in america?
reducing or eliminating fees would certainly help the small business start-ups. some people don't have a lot of capital to start a fledgling business, and allowing everybody a shot to live their dream would certainly help america out.
if anybody checks out obama's "jobs bill" they would understand that he has NO CLUE how to generate jobs and he just speaks in platitudes, as he does now, without really understanding the "you didn't build that" private sector at all.
Less regulation? Romney and the GOP want to gut environmental laws. No thanks.
I've heard this all before, Chicken Little. In 1875 it was being predicted that major US cities would be knee deep in horse manure by 1950. Go spread your doomsday scenarios elsewhere. Maybe some fool will believe them.
Malthus is still wrong. Ricardo is still right.
Economics has nothing to do with this. These are simple facts of our world, resources like oil have limits, and if you use them faster than they can be replaced, you can't get enough. Peak oil is quite observable. U.S. production peaked decades ago (1970 to be precise) and has been declining ever since. The peak of Alaskan oil production can be observed from the data available (peaked around 1988). Our current recoverable oil reserves are around 218 billion barrels. We use around 7 billion barrels a year. Do the math on that.
IMO, you're wrong. Everytime a democrat has come up with a bill, every step of the way, there has been obstructionism. Obama submitted a jobs bill, he submitted budget proposals, and everything he has tried to do was stalled or blocked.
BTW, I already knew that presidents DO NOT CREATE JOBS, please write to willard and tell him that because he has said he will create 12 million of them if elected.
Politicians used to promise a chicken in every pot, Romney promises magic underwear on every butt.
LOL! I imagine Mitt wears Hanes like everybody else.
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