Archive for March, 2009

The other day I made mention of the subsidization of the green movement through the ethanol subsidization programs, but that’s just the start of it all. On a worldwide factor, the desire of the greenies to monetize their drive to twist the environmentalist adoration of the false goddess Gaia into a paying proposition is a global effort.

The G20 summit in a couple of days has become the prime target of their protest efforts, and the backers of the movement will hold nothing back to present their narrow opinions to the public. My guess is the British law enforcement assigned to the summit are going to be quite busy. They’re even having training sessions on how to protest and avoid, excuse me, stay within the law.

One day these idiots may come to realize that we cannot change climate by pouring money into their pockets so they can share pizza at the community center. They’re costing people jobs. People with families to feed and bills to pay. But their obsession to what has become the new world religion blinds them to reality, and the power God has over the environment.

The G20 meets again to discuss the world economy, and just like in 1933 the major countries of this world are facing yet another global economic crisis. How many times does this make? Back during the recession of the late twenties and into the depression of the thirties a few things were going on that actually could have prevented the depression. But FDR’s desire to create a socialist nation destroyed any hope of success.

Robert Skidelsky writes in his biography of John Maynard Keynes that;

“By the spring of 1937 Britain’s national government had presided over four years of strong private sector led recovery from depression. Balanced budgets and huge Conservative majorities had restored business confidence; cheap money had fuelled a building boom; lower taxes and rising wages had led to a consumption boom.”

So what happened? FDR decided to put the thumbs of big government into the pie and control his own view of how the world should turn. Instead of allowing things to take their natural turn of events, he increased taxes and regulation, which led to a quick fall of the US economy, and since the rest of the world depends upon the largesse of the US, the world economy collapsed yet again. Just like today.

So the G20 meets again to ponder and wring their collective hands over the continuing failure of big government to allow business to operate in a free market economy.

The Greenies drive to make us all servants of the One World Government lies behind much of the economic failure of today. The carbon tax schemes being developed all over the world to combat the non-existent scare called global warming are already beginning to eat away at what little profit exists for businesses after paying for an ever increasing government and dealing with the burdensome regulations and laws we labor under every day the sun rises.
The world economy will continue to decline until it reaches that point where the only place to go is up. At that point currency values will begin to stabilize and, provided lenders stop lending to those who are bad credit risks, begin the slow climb back towards increasing values. The main factor is going to be the effect the global taxation imposed upon us by the UN through Cap and Trade schemes and other ways of duping the public of their dwindling paycheck, such as New England’s RGGI scam, will have upon the costs of production and distribution.

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One of the problems I have that has evolved out of my digging into the alternative energies industry and the global warming lie is the fact that much of the urgency to solve this problem that doesn’t exist comes from those who are benefitting the most from the money we sink into the solutions to this non-problem. Fuel oil is one of the biggest recipients that has a direct impact on much more than the E10 we are forced to make our cars drink.

Take the paper industry, for example. Let’s examine a Steven Mufson article in the Washington Post, Papermakers Dig Deep in Highway Bill To Hit Gold. Mufson writes, “Big paper companies could each get hundreds of millions of dollars in cash payments from the Treasury this year by taking advantage of an alternative fuels tax credit in the 2005 highway bill, according to company filings and Wall Street analysts.” Seems kind of odd that these lawmakers down in DC would allow a paper company to benefit from the Highway Bill, doesn’t it?

So exactly how do they benefit? I mean you can’t drive a paper mill on the highway, so what gives here? Why the tax bennies to the paper companies? Well, apparently the alternative fuels clause of the bill was supposed to dramatically increase the usage of alternative fuels such as ethanol in this country. I was sitting at a stoplight the other day and noticed that every car was emitting clouds of water vapor from their exhausts, and realized that that never used to be the case.

Usually when warmer weather comes the water vapor evaporates at the tailpipe and you never actually see it in the air. But not with the ethanol additive. You see, in their efforts to lay blame upon the filthy rich oil barons, the greenies fail to realize that the greatest GHG is non CO2 but water vapor. And there is a lot of water in ethanol. In fact, after about 90 days the process of decay takes hold and ethanol actually turns to water. How’s that for energy security? Oil has been oil for thousands of years, but ethanol is only ethanol for a bit longer than a business quarter.

That means if we wish to subsidize the ethanol energy to make it viable, and allow it to compete with the energy packed petroleum products, we will have to be forking over our tax dollars in perpetuity. Forever babe! Remember that phrase in the back seat of the ’69? Get rid of big oil and we’ll be dealing with big ethanol. One gang replaces another. And the replacements are always worse than the first. Always.

Today, there are in excess of two hundred state and federal policies that provide for the subsidization of ethanol or alternative energy in one form or another, and every one of them adds to the tax burden of the legal citizens of this state, as well as the nation. Some estimates are that these subsidies add over six billion dollars a year to our pockets over and above what the actual product or service costs. The sad part is that most of these taxes are hidden in the total cost so we do not see the portion of our purchases that go towards the subsidization of the green agenda.

Lets touch upon the Volumetric Ethanol Excise Tax Credit, also known as VEETC, which happens to be a Federal tax credit that went into effect on January 1, 2005. This is a credit of $.51 for every gallon of pure ethanol blended into gasoline. For example, an E10 blend will have a credit available of $.051 per gallon, and E85 will have a credit available of $.4335 per gallon. That means that for every gallon of gas we put in our car in Maine, a nickel and a half is going to the suppliers of that E10 blend, instead of being used for some more productive aspect of the tax system, such as education or health care.

And that’s just the federal level taxes, States can, and do have their own subsidies in addition to the federal program. Or should I say programme, like they do in the Antichrist mother ship called the UN? That’s what this is really all about you know. Feeding the beast we have created by allowing the UN to continue existing. Equal rights for all they cry. Equal treatment, equal this, equal that and on and on. but somebody has to pay for all of this free living that the UN wants everyone to partake in and yet nobody wants to pay for it. So the UN develops this global warming hysteria and all of a sudden alternative fuels and a global tax programme for carbon based fuels arises from the mist of the great misty swamps. Looming lake a dark giant demon awaiting for the moment to seize victory.

Thanks to the Leftinista centered media in the world, that victory is at hand. Just as the proof of the pudding called global warming melts I the ever-warming atmosphere, destroying us all. This was the warmest winter on record wasn’t it? Oh wait, no it wasn’t. it was actually the coolest one we’ve had for some time. And I hear several new low records were made to boot! Mankind cannot control climate, that’s Gods provenance. Mankind can do stupid things though, and to continue to subsidize the ethanol industry based upon the false claims of global warming is wrong.

Doesn’t sound like global warming is a threat to me. and the numbers of people that are beginning to come to the same realization are increasing as well. One day soon the backlash will become very apparent. But I fear it may well be too late to stop the train the New World Order is running at breakneck speed. The damage has been done, and too many people have become addicted to the lure of subsidies.

Here in Maine the big cry right now is that the milk farms will go out of business if not for the subsidization of milk production. Other states have other industries as well, including farming and the ethanol industry. But why does no one see that free market is the only fair way to gauge success?

Let them fail or let them win, but let them do it upon their own might.

That’s an old saying, but it still holds true. And the same can be said of socialism as well. Socialism by any other name is still socialism. And that’s what our newly elected President wants from this country. Socialism. And he intends to get it one way or another. No matter how many trillions of the taxpayers hard earned wages it costs him.

Bank rescue plan expected within days

The Treasury Department is expected to unveil early next week its long-delayed plan to buy as much as $1 trillion in troubled mortgages and related assets from financial institutions, according to people close to the talks………
Known as the “Public-Private Investment Partnership,” the Treasury plan is perhaps the most central component of President Barack Obama’s program…….
The key protection for taxpayers, according to people briefed on the plan, is that the private investors would be bidding in auctions against each other for the assets.
As a result, administration officials contend, the government will be buying the troubled loans of the banks at a deep discount to their original face value
………….. (Houston Chron.)

My big question over all this is what kind of moron is going to be bidding to buy “troubled assets?” I mean, would you risk money on a dead horse?

But the money’s got to come from someplace, and instead of letting businesses deal with their own lack of wisdom coupled with excessive greed and stupidity, and it’s going to come from you and I. And the so called “great one” doesn’t seem to be able to be truthful in his dealings with the American public.

Audit says budget plan understates U.S. deficits

President Obama’s budget would produce $9.3 trillion in deficits in the next decade, more than four times the deficits of Republican George W. Bush’s presidency, congressional auditors said Friday.
The Congressional Budget Office figures offered a far more dire outlook for Obama’s budget than the administration predicted just last month – a deficit $2.3 trillion worse. It’s a prospect even the president’s own budget director called unsustainable…….
By the CBO’s calculation, Obama’s budget would generate deficits averaging almost $1 trillion a year over 2010-2019.
The CBO says the deficit under Obama’s policies would never go below 4 percent of the size of the economy, figures that economists agree are unsustainable. By the end of the decade, the deficit would exceed 5 percent of gross domestic product, a dangerously high level
……..PPH

Still glad you voted for the boy? He makes a great puppet, dancing in whatever way the marionette wants him to. Which is further and further to the left. Meanwhile, here in Maine, as in all the other states, we are stuck with having to pay for a bigger and bigger government deficit that most true patriots neither want, nor can afford.

State revenues follow recession – downhill

Lower-than-projected February tax collections show the negative effects of economic recession in Maine are accelerating, the state’s top tax agency analyst said Friday.
The revenue slowdown, while still relatively modest, is expected to get worse and complicate state officials’ efforts to enact a two-year budget and keep it in balance, said Michael Allen, the director of econometric research at Maine Revenue Services.
A monthly revenue report the Baldacci administration released this week shows year-to-date sales tax collections are about $26 million below what budget makers had expected.
“Rising unemployment is taking its toll on state revenues, particularly sales and withholding taxes,” the report said.
The report also says consumer spending on taxable goods and services is falling at a rate not seen since the 1990s and will likely continue until the labor market stabilizes
……..PPH

Maine, the way life should be. Well, maybe once upon a time, when jobs were easy to come by and we could still smoke in our cars. How’s about those seat belts? And the new push for motorcycle helmets? I predict we’ll soon see debate as to whether or not we can spit in the wind. Now there’s an idea, how about we put a tax on spit? Seems to be enough of it around these days.

Alternative energy seems to be gaining back some of the lost ground it enjoyed during the Presidential elections. I was beginning to think that maybe the powers that be had maybe come to their senses and realized that oil was going to be with us for a good long time. Don’t get me wrong here, I think we need to be more environmentally conscience about our choices, but there just is not enough technology into the alternative energy fields at this time to really make much of a dent into what has become traditional fuels usage. Carbon based energy is by far our best bet for right now.

E85 has come back into the spotlight as the best alternative fuel, but there are some serious problems with that assumption. It is only the best fuel if your vehicle is designed to use it, otherwise it is crap for use as an automotive fuel. Much of the current discussion revolves around President Hussein Obama’s Stimulus package and the incentives given for dealer to install E85 fuel pumps. That’s a lot of emphasis to cover the mere 7 million flex-fuel vehicles that are on the highways today, most of them in the mid west regions from what I can see. That is less than 5% of all cars owned in America today.

The Leftinistas seem to think they can continue to terrorize the American public with their empty threats of global warming, but the public is beginning to wake up, and they just ain’t buying it anymore. Science has not been able to prove that the IPCC claims have any foundation beyond mere theory and computer modeling for the fear mongering they’ve been pushing. But they still push on as though it were fact, and the left wing socialist dominated media keep going along with the game because it sells print.

Pelosi and her Left Coast gang pushes through this environmental legislation with all the goodies that go along with it to help their friends in the green industry world, such as tax incentives and such. And that’s too bad, because the only way these companies can even hold their head above water for the most part is by being subsidized by the taxpayer. It’s time for taxpayer subsidies to end.

There are a lot of pros and cons indeed to the whole issue of ethanol as a fuel. Some folks say that the conversion of croplands from food stock into feedstock for the production of ethanol caused the huge prices we have seen in foods the last couple of years. Depending upon which study you look at, the estimates for the price hikes ranged from 4 % in 2007 to 5.3 % in 2008. Or thereabouts. As to how much the loss of croplands for food affected the increase is still being debated, but with a subsidy on the federal level of over five billion dollars a year, it’s easy to see the temptation to produce for biofuel instead of food.

This recent stimulus package that increased our indebtedness as a country to the tune of 9.7 trillion dollars according to a Bloomberg article. It almost seems as though Obama, and Pelosi’s Left Coast Gang want to purposefully bankrupt this nation. I’d like to say I wonder why, but I know why. They savor the taste of the Antichrist. They believe they will attain greater power and dominance over we poor ignorant folks that are too stupid to fend for ourselves.

Evidently know one advised them that the call has gone out already. True Americans from all parts of this Nation are starting to take a stand and prepare to fight back against this menace that has become a cancer upon this once free and great Nation! The Patriots will rise, and reclaim that which has been taken from us. There’s gonna be a wicked party the next time around, you mark my words.

Rich states and poor states. Turns out we is poor. In more ways than one.
Well, I have been busy reformatting the concepts behind Dan’s Maine View and the world surrounding that view. I have started an internet radio show called Maine Talk Radio. I also have another blog associated with that show called Maine Talk Blog where you can see the show notes as well as catch the links to some of the things we will be covering in that show. You’ll also see that commentary is going to be cut back a bit and we’ll be sharing more headlines and news items.

One of the reasons I am making these changes is that it becomes very time consuming to be tracking all of the little minutiae happening in and around Maine. Not to mention the expenses involved, which I can no longer afford. Book sales have dropped off to nothing, and as a result, I have to cut back on the number of issues that I wish to investigate. Perhaps someday I’ll get to do what I’d like to do, but not today.

On the other hand, I have learned that Maine is rapidly becoming a state that sucks in many ways. There have been lots of reports that have come out, and I will be discussing them on MaineTalk. Our economy is declining at a rate that will soon make us one of the most expensive states to live in, with the exception of maybe Commyfornia and New York. The regulatory climate of this state is becoming oppressive, and the only industry with any hope of real growth is welfare. It is time Maine wakes up to what is happening to us.

One of the reports to have come out recently was the Rich States-Poor States report, or the ALEC Laffer State Competitiveness Index. In the chart on page iix, we(Maine) were ranked at #47. Rhode Island, Vermont, and New York trailed us, in that order. Not a pretty picture to look at.

Per Capita spending was listed at $5,943.43 for Maine, but the rest of the country averages $5,221.06 according to that report. The authors, Arthur B. Laffer, Stephen Moore and Jonathon Williams lose no sleep over explaining that the Northeast has become Americas Black Hole economically, and that New England is a bastion of Socialism. I totally agree with them on that front.

As far as the state income tax goes, only Rhode Island and Vermont had higher rates than Maine. In fact, there are only six states with income tax rates higher than ours. I’m surprised anyone would want to live here. To be fair we did rank OK in a couple of areas, and surprisingly we ranked #2 in personal freedom. I couldn’t quite figure that grade out given the totalitarian environment Comrade Baldacci wants to cloak us with.

A lot of different areas were researched and examined to come to their conclusion, and based upon what these men share in this report, Maine does deserve the failing grade. But at least we didn’t come in dead last. Bottom line is, if we don’t toss the bonehead politicians in Augusta out the window soon, we are going to be a broke state. And an imprisoned state, as well. Imprisoned to the ever expanding welfare society the leftist leaders we stupidly keep re-electing to office want us to live under.