Posted on 09/20/2008 4:01:55 PM PDT by MHGinTN
Financial Crisis Is A Winner For Republicans; Here’s How I Got There
The current financial meltdown has caused the Fed to step in and take over certain aspects of the economy best left in private hands. There is a mantra being repeated which claims every household is now on the hook for tens of thousands new debt else the debt will be heaved upon our grandchildren to pay it. That is absurd since the debt is in the form of loans which will be resolved and the floundering assets sold once fiscally sound again. But fiscal fallacies are not the focus of this short essay.
There is a way to bring the Federal books into balance, if the Democrats in the House and Senate would allow it to go forward, honestly, with provisions to deter this point being reached ever again.
I live where cattle are raised. If I had a seam of coal on the property, but chose to not mine that coal and continue to just raise cattle, there is no harm done. However, if I run up a massive debt and still refuse to mine the coal but instead transfer the debt to my heirs by some means, I have erred, grossly.
The Russians were heavily in debt and their economy was stagnant. The sale of oil and gas brought the Russian books into the black. That financial strength is what has given Putin the room to become militarily adventurous.
America has vast natural resources which could be tapped for exploitation to sell to the world. The sale of these resources could net the Federal tax coffers vast revenues which could bring the debt to a close and bring our federal budget into the black, and still be done in a free market environment. But this means to solve the current crisis must have with it legislation which prevents this democrat-run ‘corporate/tax raiding’ ever again.
Yes, drill here, drill now, pay less. But let‘s not forget, drill here, drill now, collect the lease fees and tax revenues to pay off the debts, in this generation.
By making our nation fiscally sound again, we will have built for ourselves a reserve from which to deal with the obscene threat of Islamic terrorism and radical Islamic fundamentalism as funded by the oil drenched Saudis and their allies.
Energy independence is not just a dream, it is a vital cog in the machinery to fight radical Islam. By sustaining our vulnerability via preventing the drilling and exploitation of our natural resources now, the Democrat Party is aiding and abetting the enemies of this nation, in a stealth fashion. If enough people write about this aspect of the debt versus energy axis, perhaps the democrats will be rejected in November. We’ll see … but to take advantage of the current crisis and serve the American people will require brave, thoughtful, and energetic Republican action over the next forty days! We’re FreeRepublic, and as Lazamataz would say, ‘we‘re a force to be reckoned with!’ Let’s help the stumbling Republicans along.
Bashing Bush is about as useful in the current crisis as paddling a rowboat with a feather. We can work our way out of the current crisis by using our vast resources. But stop-gaps must be put into place to prevent the crisis from repeating.
Increasing the supply of oil and gas is important, but not as important as resuming the construdction and operation of nuclear plants. Our national growth is completely dependent on new electric power generators.
We have abundant supplies of coal that should also be put to use. One of the byproducts of the 70’s energy crisis was research that produced electricity clean from coal.
Wind and solar are trivial. Neither will ever be sugnificent in America
I don't think that you have a complete understanding of the underlying problems in the derivatives market. "Fiscal fallacies" should be the subject of your essay because the rest of your essay is built on a false premise.
I believe that too.
However, where did you get the information?
Do you have facts or are you just repeating something a radio actor said?
SIgnificant.
ping-a-roo
Ping-a-ling
Wind cannot possibly be more economical than nuclear absent perpetual enviro lawsuits.
Solar might make juice for lots of uses but is DC.
Oh boy...more fun. thanks for the ping.
wind is very “fickle”..it can produce too much or too little energy, depending...on, uh, the wind.
Solar has the potential to be very significant, the problem is with the way we use the energy solar produces. Our current consumption level in a household is way over what it could be with newer technologies. America is capable of being at the cutting edge of newest technologies. But flourescent lightbulbs replacing incandescent is not the way to make huge strides to better technologies which reduce consumption levels by several orders of wattage. When we do learn to use far lower levels of energy per capita, THEN solar will be a viable replacement source, freeing up oil, gas, and even coal for uses other than direct generation of power. Our need for petroleum distilates will not disappear in the next 100 years and if anything will actually grow exponentially. We have to have ways to replace dependence upon oil, gas, and coal at the levels we now consume them for transportation.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.