The temptation of free money

Thinking Right’s weekend free-for-all. Pick a topic:

● In the spirit of bipartisanship: For a generous contribution from the Roy Barnes campaign to my favorite charity, my band of right-wingers will hold him hostage on a farm in South Georgia until the urge passes to rush home to have an endorsement photo taken with President Obama, who comes to town next week. For a more generous contribution from either the Karen Handel or the Nathan Deal campaigns, we’ll provide him first-class limo service to the Obama photo op.

● Billy Corey is just the kind of don’t-push-me businessman that every corrupt government should run into. He and his Corey Airport Services were just awarded $17.5 million for being denied a fair opportunity to win an indoor advertising contract at Atlanta airport.

● Nobody respects federal money. Still, in the spirit of Arizona’s effort to help the feds enforce immigration laws they’d prefer to ignore, Georgia should pass a state law making it a crime to split purchases from federal, state and local grants so as to evade financial accountability triggers. An AJC examination of $9,680 in purchases of a self-published book by DeKalb schools’ assistant superintendent Ralph Simpson, by his replacement as principal of a Lithonia high school, Selina Carol Thedford, reveal them to have been made on the same day in 2007. The purchases of the 70-page large-print paperback was split into two $4,800 buys using federal grant money. Free money, splurge money, unearned no-respect money.

● East Point is becoming one of the more interesting local governments around metro Atlanta. A strong-willed City Council told Fulton County to take its $13 million intended to rehab a burned-out apartment complex and spend it elsewhere. “We have tons of affordable housing in East Point,” insisted Councilwoman Sharonda Hubbard. “We need to get people into single-family homes.” It’s a rare government that can keep its bearings when tempted with “free” money from a higher-level government.

● It’s no wonder 58 percent of Americans want ObamaCare repealed. The adverse consequences have started and will continue for years to come. Example: Some major insurers have stopped writing policies for individual children, anticipating the coming day when they’ll be required to issue policies for children, regardless of condition. With incentive to be irresponsible, parents will wait until children are sick to buy insurance. They can’t be denied. So the prudent corporate decision is to get out of that business altogether.

● The heirloom-hybrid seed dispute has mostly passed me by. But it rages, extending even to the AJC’s op-ed page, where George Ball, chairman of W. Atlee Burpee &Co. gets right agitated at the “Luddite fundamentalism” of the “greener-than-thou gardeners.” One sentence in his op-ed captures with marvelous clarity the modern political liberal. “Increasingly,” he writes, “nongovernmental organizations and activists are encouraging Third World farmers, in Haiti and elsewhere, to grow heirlooms in lieu of hybrids. By so doing, they are putting their sophisticated personal tastes and aesthetics before the life and death needs of the farmers” who risk crop failure with seeds that may be low yield and susceptible to pests and disease. “This is noveau imperialism at its most pernicious,” Ball writes. Sock it to ’em, brother.

● Ford, ah, Ford. Champion of free enterprise. Four years ago it mortgaged all at enormous risk to reshape itself. Now without government assistance it’s profitable — $2.6 billion April-June, its fifth straight quarterly profit. It took risks and is succeeding. I can’t vote Big Labor and its government partner out of the car business, but I can vote in the marketplace.

53 comments Add your comment

Marcus Graham

July 29th, 2010
7:04 pm

Actually, this column makes a little sense. Not much but a little. But, you turned a blind eye (AGAIN) to all of the conservative scandal out there.

Lawrence

July 29th, 2010
8:07 pm

Marcus Graham…If you disagree with this column, why don’t you read Cynthia Tucker or Jay Bookman. They make absolutely no sense. They are 100% Democrats.

Rafe Hollister

July 29th, 2010
9:26 pm

Marcus, let us see how smart you are. Name a conservative scandal for us.

Jim, we all need to buy a Ford, although I am sure Hairy Reed will claim that he and his buds, Barry and Nanci, saved Ford.

Sin-thee Tucker is spreading the proganda that everyone is changing their mind on Obamacare, so could she be in error yet again.

Congrats East Point and Mr. Corey.

Some smart reporter needs to ask Barry if he plans to campaign for Rerun Roy, since we can’t get Ole Roy in the same room with Barry.

dylandawg

July 29th, 2010
9:29 pm

Yes, Marcus. You should only read things you agree with 100%. That’s why I watch Fox News all day. That way…I know that I am right. Doesn’t matter what the story is,,,liberals- bad…conservatives-good. That’s all I need to know.

Dusty

July 29th, 2010
10:37 pm

Well, this is a shock. And far away from Jim’s sensible column. President Obama said on a morning TV show that ” Black people are a mongrel people!”

Surely he knows better than to say something like that. Then he went on to add a few words like all people are mongrels.

I think the President better stay away from talk shows. He is already headed to the “doghouse” for those last words.

Real American

July 29th, 2010
10:58 pm

Dusty, you really expect people to take your word for it as opposed to watching the entire video? Have you people learned nothing?

I guess Jim wants sick children to die because they would hurt an insurer’s bottom line…oops….i’m paraphrasing like Dusty.

Churchill's MOM

July 30th, 2010
7:42 am

Doesn’t Nathan Deal’s no bid contract and strong arm tactics to keep it remind you of Maynard Jackson and the Atlanta Airport. The common thread between both parties is corruption. Georgia has the choice of electing a HONEST woman or a Corrupt Washington Insider. Get your friends out to vote for a honest woman, Karen Handel.

Dusty the Deal people are calling Karen Handel, Love Handles, how low can a bunch of corrupt men go?

Bitter EX democrackkk

July 30th, 2010
7:49 am

So…Wooten likes genetically modified seeds? surprising.

Jason T

July 30th, 2010
8:00 am

Marcus

We know about Blago, Rangel, “Cold Hard Cash in the Fridge” Jefferson, Switzer, Torricelli…enlighten us.

Jason T

July 30th, 2010
8:01 am

Marcus

OH—I forgot, I meant to put a (D) behind the names for you.

Jason T

July 30th, 2010
8:03 am

Did anyone notice Lil’ Race-baiting Cynthia’s blog on Obamacare? She states support is growing, and she shows a graph that states the opposite! This woman is an idiot!

Jason T

July 30th, 2010
8:05 am

Kudos to Ford Motor Company!!! I have bought my last GM!

wun kwestyun

July 30th, 2010
8:11 am

“Marcus, let us see how smart you are. Name a conservative scandal for us”

Unfigginbelievable.

Is the poster actually contending that there have not been dozens, even hundreds of sordid and salacious scandals in the fraud-ridden GOP over the past few years?

At damn near every level of government?

Maybe, just maybe, that is part and parcel of the reason that the GOP got so humiliated, decimated and slaughtered in the past two elections, huh? Including go a stunning ZERO for 36 in 2006! A Joe DiMaggio like feat, never to be touched again.

Just how many pages would satisfy him?

Jason T

July 30th, 2010
8:16 am

wun

You have the same opportunity. Have at it.

Charlie Rangel

July 30th, 2010
8:17 am

We Democrats are as pure as the driven snow.

hotlanta

July 30th, 2010
8:18 am

Why are we not calling the guy who release those classified documents to the website a terrorist? Wooten yall kill me always talking about folks need to be free of the government and from lookng at your picture you will soon be getting a Social Secuity check once a month. Are you gonna be giving that back becuase you don’t like BIG BROTHER. There are other options you can give up your citizenship and live in a country like Haiti that has no government.

Jason T

July 30th, 2010
8:22 am

wun kwestyun

July 30th, 2010
8:11 am
Is the poster actually contending that there have not been dozens, even hundreds of sordid and salacious scandals in the fraud-ridden GOP over the past few years?

Well show us your facts….just 2 dozen.

Tyler Durden

July 30th, 2010
8:25 am

Never miss a chance to blindly tow the party line! Who needs facts when you have puritanical ideology on which to base your myopic views??!!

Speaking of corrupt Guvmint officials: any desire to discuss Glenn Richardson and his merry band of accomplices for the corruption under the Gold Dome over the last decade or so?

Oh, that’s right… There’s no such thing as rampant corruption in the GOP. Must’ve been a bad dream that we all had simultaneously.

Jason T

July 30th, 2010
8:31 am

Tyler

Good to see you don’t have any myopic views.

Yep

July 30th, 2010
8:54 am

Yep, I figured Jim Wooten would sell out to the highest bidder – even a Democrat.

misplaced

July 30th, 2010
9:04 am

Ford and big labor, last I checked UAW still builds cars and trucks for Ford

Jason T

July 30th, 2010
9:15 am

Last I checked, Ford still writes the paychecks.

Aquagirl

July 30th, 2010
9:18 am

The $17.5 million award for airport graft is paid for by taxpayers. I applaud Mr. Corey, but wish he’d trade some of that judgment if the perpetrators would stand outside the airport wearing “I AM A THIEF” signs. Ah, wishful thinking.

Retired Soldier

July 30th, 2010
9:30 am

Like many ford is now my choice. GM? Not till you pay every cent back.

Jason T

July 30th, 2010
9:35 am

Retired Soldier

Amen!

Dave

July 30th, 2010
9:56 am

Churchill’s MOM – I don’t think I agree with you often but your post concerning Deal/Handle is right on. Let’s not put another politician who has used his office for personal gain in the Governor’s office.

Dr. Stan (The Black One)

July 30th, 2010
10:08 am

If you are lucky to not have been confused beyond confusion, it is easy to understand the outcome of ObamaCare if it’s not repealed. Doctors and the healthcare industry will follow the example of teachers and integrated public schools. Let us look at from whence we have already come and where we appear to be going.

Forty plus years ago, the majority of black and white people in the South did not want any parts of integrating public schools. Each group had a taste of the unpleasant outcomes that had already occurred in the North. Too many integrated northern blacks, if they could afford it, sent maladjusted students south to separate schools. Northern whites were sending them too. The purpose was to reconnect black and white students to reality. Thank God Almighty literally all of the maladjusted students found success.

The integration of public schools compelled black and white teachers in the South to follow the example of their peers in the North. The best of teachers opposed to the maladjustments related to integrating public schools stopped teaching black and white children. And there were just too many children clearly unprepared to learn. It culminated in teachers anticipating the coming day when policy would require them to pass children along to the next grade level, regardless of competency.

Given the incentive to be irresponsible, parents no longer taught their sons and daughters at home. They believed the responsibility for getting students prepared for the next grade falls exclusively on teachers. But it was clearly understood by all parties involved that the student would be dummied down and would automatically qualify for the next grade via social promotion. Considering the factors involved, it was a prudent decision by the best teachers to get out of the business altogether and leave it to, well, you know.

Chief Wompum

July 30th, 2010
10:23 am

Big Chief Wompum say Big Chief Failure in Whitehouse will be easy duck to kick when sun hang low in sky and cold wind from north begin to blow, how!

Dr. Stan (The Black One)

July 30th, 2010
10:47 am

Sherry Wilson

July 30th, 2010
11:23 am

Jim, I follow your column weekly. I look forward to your commentary and it mirrors my own take on issues!. Grammar alert! I think when you compare more than two things, the word “most” should be used instead of “more”. Please check out the correct usage. I hope that I am wrong because I see this very freqeuntly, get a little ticke because the person who uses “more/most” incorrectly comes across as poorly educated.

Hillbilly Deluxe

July 30th, 2010
11:52 am

You have to take the words of George Ball, chairman of W. Atlee Burpee &Co., with a grain of salt. He, after all, has a dog in the hunt. A lot of light can be shed on most issues by asking the simple question, “what’s in it for him?”.

@@

July 30th, 2010
11:54 am

Politicians dismantling our Great Republic by bids and peaces.

Very creative, Jim.

About those heirlooms…I can attest to their diminished capacity to bring forth fruit. I’ve got three heirloom tomato plants in my garden…very low yields. They must taste good though. Every time one of the select is just about ready to harvest, the squirrels enjoy the fruits of my labor.

I’m thinkin’ fried squirrel with a hybrid tomato gravy?

@@

July 30th, 2010
11:56 am

Dadgum it, Hillbilly! Is your intercom system broken?

You’ve been summoned to the principal’s office several times, by yours truly.

I’ve been worried about you. Glad to see you’re alive and kickin’.

(ISH)

I’m out.

jconservative

July 30th, 2010
12:35 pm

Jim I have some bad news for you. The federal government owns 10% of Ford Motor Company. We are all waiting to be paid back.

Sorry.

RebelWithoutAPause

July 30th, 2010
2:52 pm

“Ford, ah, Ford. Champion of free enterprise.” I agree Jim. When I get ready for a new vehicle, I will trade my GMC for a new Ford Truck. Take that “Government Motors”.

Jeffrey

July 30th, 2010
3:30 pm

Jim, the incentive you speak of for families waiting for children to get sick is preposterous. Apparently, you have more faith in Health Insurance CEOs then you do real Americans. When are you folks on the right going to get a clue. It seems to me the one acting on incentive is the health insurance companies right now.

Dr. Stan (The Black One)

July 30th, 2010
3:48 pm

You got to give credit where credit is due. On The View, Barry Soetoro told Barbara Walters and company, in no uncertain terms, that he is a Mongrel. His candid answer devastated the integrationist African American leaders and their minions. They had convinced themselves that Barry Soetoro is the first African American President of the United States.

I really appreciated Soetoro’s answer, but it was not enough. He should confirm that he was born in the United States of America by producing a valid birth certificate. The valid birth certificate will show the American people that he is eligible to be President of these United States.

Records show that Barry Soetoro was born in Kenya Africa.

Lazermike

July 30th, 2010
10:08 pm

My God but you people are crazy.

Dr. Stan (The Black One)

July 31st, 2010
8:12 am

Erick Rush has got it right. No more of this Negrophilia, or Mongrelphilia. Enforce the laws of the land i.e. the Constitution of the United States, state, county, and city.

President Barry Soetoro has not presented a valid birth certificate to date. And I doubt that he ever will. Records conclusively show he was born in Kenya, Africa.

It is unconstitutional for persons born in a foreign country to become President of the United States.

Big DiDi

July 31st, 2010
7:59 pm

Then Dr. Stan, answer this question.
WHY THE HELL DID YOU VOTE FOR HIS PATHETIC A$$ ????

Dr. Stan (The Black One)

July 31st, 2010
10:34 pm

Me, voted for Barry Soetoro, aka, Barack Obama? LOL….That’s a good one.

david wayne osedach

August 1st, 2010
9:07 am

I wish the Feds would send me a check of “splurge” money!

Chief Wompum

August 2nd, 2010
8:46 am

Big Chief Wompum say pale face give injun much firewater then steal our land *Burp*, take many pony and kill many brave. Black man get two donkey and some land. Why pale face put injun out in tumble weed and say “here is new home, good land w/good water”?

Tumble weed no good home. I tell you now pale face one day Big Chief Wompun even score *BURP* then u cry like lil papoose and Big Injun Nation rejoice at pale face sorrow and tears. HOW!

Dr. Stan (The Black One)

August 2nd, 2010
8:51 am

In case the integrationist African Americans leaders and their minions did not get it, President Barack Obama like Tiger Woods made a distinction between an African American and a Mongrel.

In the 1920s, Marcus Garvey and W.E.B. Dubois made the identical distinction between the two groups of people.

Mongrels don’t run away from being identified as an African American if it’s beneficial… and African Americans are encouraged to misidentify themselves as Mongrels for political purposes.

sandra

August 3rd, 2010
3:03 pm

Medicare is a killer already. I have just scheduled a spinal fusion, at age 69, because the doctors at the hospital believe that after this year, it is unlikely medicare will help pay for such an operation. i have also been refused by doctors who “don’t take Medicare” patients. I anticipate that in future, the good doctors will require payment out of pocket, and the dreck doctors will take Medicare patients, so how is that for great medicine. And by the way, England is rethinking universal healthcare, as we are falling into this well.

Dr. Stan (The Black One)

August 3rd, 2010
3:53 pm

Old Integrationist tricky Dick Gregory, Biv Bev Smith, and their minions were at it again last night on 1380 waok radio. When asked if African Americans benefited from the doctrine of integration, tricky Dick said in substance, yes integration was to the advantage of African Americans. The doctrine of integration made it possible for black teachers with PhDs to leave black schools and earn more money at white universities. Black PhDs could not do that before integration.

Undoubtedly, integrationist African American leaders and their minions are completely disconnected from reality, or they believe the masses of African Americans are extremely foolish. Let me set the record straight. Teachers with PhDs who desert black schools, students, and communities for more money at white universities might be to the advantage of several thousand black teachers. But it was and is destructive to millions of black students who were dependent upon their expertise.

As a matter of fact, the integration of public schools initiated a fetid regression in intelligence, morals, standards, and education among all Americans.

JIM U AND THE TEA BAGGERS CAN GET OUT NOW!

August 4th, 2010
10:34 pm

HEY NEO-NAZI TEA BAGGERS AND U 2 JIM IF YOU DONT LIKE POTUS OBAMA,THEN GET THE PHUCK OUT OF THE USA NOW,AND GOD BLESS AMERICA WITHOUT YOU RACISTS BACKWARD HICKS! ICELAND IS WAITING ON YOU GUY AND GALS!

Kamchak

August 4th, 2010
10:50 pm

I just wanted to say that I am a retard and sometimes when I get frustrated I spell stuff backwards. uoy kcuf…..

Freeman

August 5th, 2010
7:41 am

Let’s see, heirloom seeds have sustained the world for 10,000 years, hybrids have been around less than 200. Heirlooms seeds are free, adapted to the micro climates in which they are grown, and since there are thousands of varieties, are a priceless treasure trove of genetic adaptation and diversity. Hybrids must be bought at first world prices, are not adapted to local climates, and when eventually a pathogen or invasive species challenges them the local farmers will have no options to fall back on. While using some hybrids make sense in some cases, relying totally on them is putting all of your eggs in one unproven basket manufactured in a faraway country. Since Jim has proven once again that he is neither a conservative or a thinker, I suggest he change his relentlessly servile column to “Yes Sir, Boss Man.”

Dr. Stan (The Black One)

August 5th, 2010
7:56 am

Big Jim

August 9th, 2010
4:27 pm

Republicans say:gov’t handouts bad.Subsidy is GREAT!

J.B. STONER

August 12th, 2010
7:51 pm

jim u=== a$$ hat

William in Lithonia

August 31st, 2010
10:38 pm

America needs jobs.

The unemployment rate is highest in the very groups that could build a clean energy infrastructure to make America energy independent and repair the infrastructure that is in need of repair.

Republicans claim a Depression is not the time for raising taxes on the top 2% (who don’t invest when no one has money to buy anything) and is not a time for government spending.

Republicans are wrong on both accounts as Franklin Roosevelt proved when his policies got us out of the first great depression caused by Republican tax cuts and deregulation.

President Roosevelt raised the top tax rate to 90% and initiated massive government spending (including World War II, the GI Bill, regulation of banks, infrastructure spending, and a social safety net.) He won world war II and created the greatest middle class in history out of the Great Depression like a Phoenix rising from the Republican deregulation ashes.

America went from importing 24% of our oil to importing over 65% in the past 40 years.

American dependencey on foriegn energy is one of our biggest national security risks. Even worse now than during the Oil embargo of the 1970’s.

America uses a lot of oil. Every day 85 million barrels of oil are produced around the world. And 21 million of those are used here in the United States.

That’s 25% of the world’s oil demand. Used by just 4% of the world’s population.

Can’t we just produce more oil?

Consider this: America imports 12 million barrels a day, and Saudi Arabia only produces 9 million a day. Is there really more undiscovered oil here than in all of Saudi Arabia?

There are several pillars to the Pickens Plan:

Create millions of new jobs by building out the capacity to generate up to 22 percent of our electricity from wind. And adding to that with additional solar generation capacity;
Building a 21st century backbone electrical transmission grid;
Providing incentives for homeowners and the owners of commercial buildings to upgrade their insulation and other energy saving options;
and Using America’s natural gas to replace imported oil as a transportation fuel in addition to its other uses in power generation, chemicals, etc.

New jobs from renewable energy and conservation.

Any discussion of alternatives should begin with the 2007 Department of Energy study showing that building out our wind capacity in the Great Plains – from northern Texas to the Canadian border – would produce 138,000 new jobs in the first year, and more than 3.4 million new jobs over a ten-year period, while also producing as much as 20 percent of our needed electricity.

Building out solar energy in the Southwest from western Texas to California would add to the boom of new jobs and provide more of our growing electrical needs – doing so through economically viable, clean, renewable sources.

To move that electricity from where it is being produced to where it is needed will require an upgrade to our national electric grid. A 21st century transmission grid which will, as technology continues to develop, deliver power where it is needed, when it is needed, in the direction that it is needed, will be the modern equivalent of building the Interstate Highway System in the 1950’s.

Beyond that, tremendous improvements in electricity use can be made by creating incentives for owners of homes and commercial buildings to retrofit their spaces with proper insulation. Studies show that a significant upgrading of insulation would save the equivalent of one million barrels of oil per day in energy by cutting down on both air conditioning costs in warm weather and heating costs in winter.

A domestic fuel to free us from foreign oil.

The Honda Civic GX Natural Gas Vehicle is the cleanest internal-combustion vehicle in the world according to the EPA.

Conserving and harnessing renewable forms of electricity not only has incredible economic benefits, but is also a crucial piece of the oil dependence puzzle. We should continue to pursue the promise of electric or hydrogen powered vehicles, but America needs to address transportation fuel today. Fortunately, we are blessed with an abundance of clean, cheap, domestic natural gas.

Currently, domestic natural gas is primarily used to generate electricity. It has the advantage of being cheap and significantly cleaner than coal, but this is not the only use of our natural gas resources.

By aggressively moving to shift America’s car, light duty and heavy truck fleets from imported gasoline and diesel to domestic natural gas we can lower our need for foreign oil – helping President Obama reach his goal of zero oil imports from the Middle East within ten years.

Nearly 33% of every barrel of oil we import is used by 18-wheelers moving goods around and across the country by burning imported diesel. An over-the-road truck cannot be moved using current battery technology. Fleet vehicles like buses, taxis, express delivery trucks, and municipal and utility vehicles (any vehicle which returns to the “barn” each night where refueling is a simple matter) should be replaced by vehicles running on clean, cheap, domestic natural gas rather than
imported gasoline or diesel fuel.

The Obama Biden comprehensive New Energy for America plan will:

Provide short term relief to American families facing pain at the pump
Help create five million new jobs by strategically investing $150 billion over the next ten years to catalyze private efforts to build a clean energy future.
Within 10 years save more oil than we currently import from the Middle East and Venezuela combined
Put 1 million Plug In Hybrid cars – cars that can get up to 150 miles per gallon – on the road by 2015, cars that we will work to make sure are built here in America
Ensure 10 percent of our electricity comes from renewable sources by 2012, and 25 percent by 2025
Implement an economy wide cap and trade program to reduce greenhouse gas emissions 80 percent by 2050

Prior to 1950 the U.S. had absolute energy independence. In 1950 the USA was producing over 50 percent of the world’s oil, enough for all of its own needs with plenty left over for exports. But the post World War II U.S. economic boom eventually created demand for more oil than U.S. wells could produce.

Between 1950 and 1973 (the year of the embargo) U.S. oil imports had grown from near zero to about 32 percent of U.S. oil consumption. By 1994, the U.S. was importing more oil than it produced. In 2010, oil imports will provide about 60 percent of all oil consumed in the USA.

The 1973 oil embargo had exposed the harsh reality that America was dangerously dependent on imported oil. The energy independence policies of Presidents Nixon, Ford and Carter had demonstrated that America can achieve strategic energy independence through political will and legislative action.

It took nearly ten years for U.S. energy independence policies to take effect and reverse the trend of growing oil dependence, but the results were worth the effort.

For a brief period between 1982 and 1985 U.S. oil imports averaged less than 30% of total U.S. oil consumption.

Developing alternative energy sources (primarily coal, nuclear and natural gas to replace fuel oil used for heating and electricity generation) and keeping oil imports below 30% of total oil consumption had broken the Organization of Petroleum Exporting Countries (OPEC), and ultimately exposed OPEC’s vulnerability: dependence on oil money.

The USA enjoyed strategic energy independence between 1982 and 1985.

But then, in 1986 U.S. oil imports began to increase again. Why?

By July 1986 the price of oil had fallen below $9 per barrel. Ronald Reagan was then President of the United States.

President Reagan had abandoned the energy independence policies of his predecessors in favor of a free market policy, where private industry would provide all of America’s energy needs without government interference.

The gap between the wealthiest Americans and middle- and working-class Americans has more than tripled in the past three decades, according to a June 25, 2010 report by the Center on Budget and Policy Priorities.

Since 1980, we’ve lost half our manufacturing jobs. We’ve lost 10 million manufacturing jobs since job protecting tariffs were cut.

Imports are $1.563 trillion (2009 est.) $2.117 trillion (2008 est.)

Imports – commodities:
agricultural products 4.9%, industrial supplies 32.9% (crude oil 8.2%), capital goods 30.4% (computers, telecommunications equipment, motor vehicle parts, office machines, electric power machinery), consumer goods 31.8% (automobiles, clothing, medicines, furniture, toys)

March 20, 2003 the price of oil was $26 per barrel. Five years later, March 20, 2008 the price of oil had risen to $100 per barrel. Then, during July of 2008 the price of oil hit $147 per barrel, with a weekly average of $130.

From September 2007 through October 2008, the world economy was rocked by the unprecedented transfer of more than one trillion dollars from European, Asian and American economies into Middle East national treasuries in exchange for oil.

Between 2003 and the summer of 2008 the price of oil quadrupled because of market fears. War in the Middle East and threat of a nuclear armed Iran intensified worldwide fear of an oil supply interruption — fear of a global oil shortage produced the market speculation responsible for pushing oil prices to $147 per barrel during the summer of 2008.

Fear of a global oil shortage added a “fear premium” to the cost of oil, inflating the price of oil on the world market by over two trillion dollars per year. The increased cost of oil caused over two trillion dollars to be taken out of consumers’ pockets worldwide. Two trillion dollars that was no longer available for buying other products and services. Global business stalled, jobs were cut, and consumers stopped spending.

The dramatic rise and fall of worldwide oil prices exposed the insidious influence of unregulated commodity speculation. Clandestine trading on the world commodity market caused the price of oil to spike to a level that would otherwise only result from a terrorist attack on a major oil production facility or supply line.

In addition to putting our security in the hands of potentially unfriendly and unstable foreign nations, we spent $475 billion on foreign oil in 2008 alone. That’s money taken out of our economy and sent to foreign nations, and it will continue to drain the life from our economy for as long as we fail to stop the bleeding.

Projected over the next 10 years the cost will be $10 trillion – it will be the greatest transfer of wealth in the history of mankind.

August 17, 2010:

Less than a High school diploma, 25 or older: 15% unemployment.

High school graduates, no college, 25 or older: 10% unemployment.

Some College or Associate Degree, 25 or older: 8% unemployment.

Bachelors degree and higher, 25 or older: 5% unemployment.

America needs jobs.

The unemployment rate is highest in the very groups that could build a clean energy infrastructure to make America energy independent and repair the infrastructure that is in need of repair.

Republicans claim a Depression is not the time for raising taxes on the top 2% (who don’t invest when no one has money to buy anything) and is not a time for government spending.

Republicans are wrong on both accounts as Franklin Roosevelt proved when his policies got us out of the first great depression caused by Republican tax cuts and deregulation.

President Roosevelt raised the top tax rate to 90% and initiated massive government spending (including World War II, the GI Bill, regulation of banks, infrastructure spending, and a social safety net.) He won world war II and created the greatest middle class in history out of the Great Depression like a Phoenix rising from the Republican deregulation ashes.

We can solve our economic problems, our lack of jobs, by solving our energy dependence and infrastructure problems and restrict the necessary spending to products made in America.