It was the first time since World War II that the economy had a net zero jobs created for a month.
More…
It was the first time since World War II that the economy had a net zero jobs created for a month.
More…
Nine Out of 10 American Muslims Say They Vote Democrat, 76% Approve Of Obama’s Job Performance…
# You continue to oppose drilling in several regions in Alaska, including ANWR — estimated to hold 10.4 billion barrels of oil.
# As reported by Robert Bluey, deepwater oil drilling permits are down 71 percent from their historical average.
# Your administration has canceled or stalled the development of oil shale leases in the mountain west.
# Shell Oil canceled plans to drill for an estimated 27 billion barrels of oil off the Alaskan coast after the EPA denied a permit.
# No new construction of nuclear power plants has begun in 30 years.
Just a partial list.
Expect the unexpected.
Update: The unexpected just keeps rolling in!
… being proposed by the federal Department of Transportation would require farmers to get commercial drivers licenses.
The Federal Motor Carrier Safety Administration, which is a part of DOT, wants to adopt standards that would reclassify all farm vehicles and implements as Commercial Motor Vehicles, officials said. Likewise, the proposal, if adopted, would require all farmers and everyone on the farm who operates any of the equipment to obtain a CDL, they added.
The proposed rule change would mean that anyone who drives a tractor or operates any piece of motorized farming equipment would be required to pass the same tests and complete the same detailed forms and logs required of semi-tractor trailer drivers.
h/t Dan
Related: President Barack Obama is ignoring heated concerns from within his own administration that new Environmental Protection Agency regulations on the coal industry will be economically devastating.
Never attribute to stupidity that which is adequately explained by malice.
The second stage is Anger.
Central planning for fuel economy comes to the trucking industry. What could possibly go wrong?
Related – A Deadline to Destroy Domestic Energy
Definition of incompetence.
More reaction….“He was a half hour late. His head turned from side to side as if he were attending a tennis match. He practically never looked in the camera, as if he were averting our gaze. And those were the strong parts of President Obama’s disastrous speech. It was a bit like a slow-motion car crash. After a while, one stopped listening to the blather and simply watched the stock ticker go down and down. And down some more.”
*
h/t Atlantic Jim
Never attribute to stupidity that which is adequately explained by malice.
ACORN’s first big target in Chicago was Bell Federal Savings and Loan Association. While poring over the ACORN archives at the Wisconsin Historical Society, I ran across the extensive preparation ACORN Chicago made for that first battle, including lots of correspondence with Bell Federal itself.
What struck me reading over the documents was Bell Federal’s naive confidence in its position. They knew that they’d treated all their mortgage customers the same, regardless of race–in fact they were proud of this–and Bell rightly insisted that undercutting credit standards in the name of supposed fairness was the surest way to financial disaster. Little did Bell Federal suspect the assault about to be launched against it–the massive campaign to portray it as a nest of evil, racist capitalists, with the usual bogus statistical claims that anything less than total equality of result meant discrimination.
True, the Bush administration did far too little to challenge the bad credit practices first solidified by Fannie Mae under Clinton administration pressure. And yes, Wall Street did far too much to exploit the irresponsible subprime regime of its day, leading to disaster in 2008. But responsible capitalism didn’t go down without a fight. I think of Bell Federal’s naive and noble–but doomed–resistance to ACORN, and Fannie Mae’s equally bitter battle to hold ACORN at bay–well before the horror story recounted by Morgenson and Rosner played out. It took a lot of heavy lifting by ACORN and its supporters to break down years of prudent business practice, embodied in the credit standards all sane bankers once rightly insisted on. Only after those standards were compromised did we reap the whirlwind.
Obama was intimately familiar with the battle to undermine America’s credit standards, and in full philosophical sympathy with it. It took a one-two punch of Alinskyite intimidation and federal regulatory pressure to create the preconditions for the subprime crisis of 2008, and Obama was on board for all of it. Yet he managed to convince the country, with barely a peep to the contrary from McCain, that the real problem was the lack of regulation.
You knew they were coming for fracking, didn’t you? Because it works, you know – and that just won’t do.
Bottlenecks in oil and gas plan and permit approval activity in the Gulf of Mexico (GOM) since 2010’s Macondo well disaster are costing some $44 billion in U.S. gross domestic product and 230,000 jobs, according to a new IHS CERA/IHS Global Insight study. […]
The study examined plan and permit activity levels in the six months since the lifting of the moratorium in the GOM in October, 2010. The analysis found:
* 86 percent decline in the pace of regulatory approvals for plans
* 38 percent increase in the time to reach each regulatory approval for plans
* 250 percent increase in the backlog of deepwater plans pending approval (from an average of 18 per year to a current pace of 67 per year)
* 60 percent decline in drill permits (combined shallow water and deepwater)
h/t Adrian
And I’m saying it bluntly, that this administration is the greatest wet blanket to business, and progress and job creation in my lifetime. And I can prove it and I could spend the next 3 hours giving you examples of all of us in this market place that are frightened to death about all the new regulations, our healthcare costs escalate, regulations coming from left and right. A President that seems, that keeps using that word redistribution. Well, my customers and the companies that provide the vitality for the hospitality and restaurant industry, in the United States of America, they are frightened of this administration.
Now is the time at SDA when we juxtapose!
Obama Administration, July 18, 2011 – Neither setting arbitrary spending levels nor amending the Constitution is necessary to restore fiscal responsibility.
Fox News, July 18, 2011 – The federal government helped fund a study that examined what effect a gay man’s penis size has on his sex life and general well-being.
The debt limit was reached on May 15. So how come the defaults didn’t begin immediately? Who’s been paying the bills in the meantime?
Did you guess that, some way or other, we have?
h/t Stephen J.
Now is the time at SDA when we juxtapose!
June 12, 1987 – “Today I say: As long as the gate is closed, as long as this scar of a wall is permitted to stand, it is not the German question alone that remains open, but the question of freedom for all mankind.”
July 11th, 2011 – “Mr. Assad – post on this wall.”
Now is the time at SDA when we juxtapose!
LA Times, June 28th – U.S. backs Christine Lagarde, former Chicago lawyer for IMF chief
CNBC, July 10th – IMF chief calls on US to raise borrowing limit
The morning after: a question for Ann Althouse.