Obama Trying Desperately to Head Off Coming Crash in Clean-Energy Industry

August 31, 2011

Didn’t make it past the end of subsidies ….

There is no business model that would say taking government subsidies makes a viable. Industry. Today was the day for the third solar panel manufacturer to go belly up two weeks ago a ethanol fuel manufacturer went belly up because of high corn prices that the ethanol manufacturers caused.

The Obama administration is trying desperately to head off what many economists say is a coming crash in the clean-energy industry. To make the case, Vice President Joe Biden on Tuesday equated spending on clean energy during a recession to spending on crucial weapons and technology during a war, previewing a theme likely to recur this fall as the White House and Democrats try to save what’s left of the federal clean-energy budget.

“If we shrink from deciding we’re going to lead in the area of renewable energy, then we will make the worst decision we’ve made in this nation’s history,” Biden said, delivering the keynote speech at the fourth annual National Clean Energy Summit, hosted by Senate Majority Leader Harry Reid, D-Nev.

In the next year, the small but growing U.S. clean-tech sector, which President Obama sees as crucial to transforming the nation’s energy economy, will face a trifecta of challenges: Roughly $30 billion in federal spending the industry enjoyed in the 2009 stimulus law will come to an end; the congressional panel charged with slashing $1.2 billion from the federal deficit this fall will likely target the government’s existing clean-energy tax credits, subsidies, and research funding; and new energy policies that Obama once hoped would spur massive market demand for renewable energy—such as a national clean-energy mandate or a price on carbon pollution—will be halted in Congress with a Republican-controlled House.

Read more at nationaljournal.com

Obama’s Illegal Alien Uncle Has Nice House

August 31, 2011

SS number, outstanding deportation order … since the 1960s?

Passing the time relaxing on the front porch of his Massachusetts home, Obama Onyango looked to neighbours as if he was living the American dream.

But the 67-year-old long lost uncle of President Barack Obama was last week arrested for drunk-driving and found to be living in the U.S. illegally.

Now, MailOnline can reveal how the man the President called ‘Uncle Omar’ had been living in a nice house, hosted popular backyard barbecues and worked at a local liquor store.

Neighbours said that Onyango’s pale yellow house in leafy Framingham, a suburb of Boston, was always bustling with people.

The illegal immigrant, who they described as ‘neighbourly’ and ‘cordial’, would spend time on his front porch, adorned with a welcome mat and flower pots, greeting neighbours.

But Onyango’s illegal residence in the U.S., since what is believed to be the 1960s, was uncovered last week when he was arrested for drunk driving.

He was charged with driving under the influence of alcohol and held under a longstanding warrant for his deportation.

From a UK newspaper, no less …
Read more:

How The Economy Quietly Entered A Recession On Friday, And Why The GDP Predicts A Sub-Zero Nonfarm Payroll Number

August 31, 2011

Is the world economy ready to hit the big red button.

The economy has entered the double dip recession on Friday last.

Zero Hedge reports:

While the key market moving event from last Friday may have been Bernanke’s Jackson Hole speech which merely left the door open to future QE episodes, the most important event from an economic standpoint was the first GDP revision Q2, which dropped from preliminary 1.3% to a sub stall speed, in real terms, 1.0%. What is just as important is that as the following chart from Bloomberg demonstrates, the YoY change in real GDP, which is now at 1.5%, is a slam dunk indicator of recession: “Since 1948, every time the four-quarter change has fallen below 2 percent, the economy has entered a recession. It’s hard to argue against an indicator with such a long history of accuracy.” Bernanke agreed that “growth has for the most part been at rates insufficient to achieve sustained reductions in unemployment.” And while Bernanke is shifting dangerously into Greenspan territory with the open-ended interpretation of his statement, another thing that is more actionable is the observation that virtually every time real YoY GDP has dropped below 1.5%, this has led to a negative nonfarm payroll number. Granted, the result may not be as shocking as what the Philly Fed implied vis-a-vis this Friday’s NFP, but we believe a subzero print in the August labor report will convince the three Fed holdouts that the time for yet another monetary intervention is here (Arab Spring part deux consequences be damned).


And lastly, sealing the deal for the “recession” argument is the following data from John Lohman which finds that the collapse in real-time economic data over the past three months is the sharpest in history.

To wit:

Another day, another disappointing real-time indicator declines AND is below consensus estimates.  In fact, every manufacturing index for the month of August has missed expectations and signaled further weakness.  As Bernanke, the IMF, and most Wall St. economists cling to the notion of a second-half acceleration, the rest of us are witnessing a deterioration in global growth which is unprecedented.

More here:

Gunwalker: Eric Holder Removes Acting ATF Director Amid Fast And Furious Scandal

August 30, 2011

The purge is on, to rid the Obama regime of the stink. But as we all know a fish rots from the head.

As reported by FNC:

Acting ATF Director Kenneth Melson has been reassigned to a lesser post in the Justice Department and the U.S. attorney for Arizona is also “out,” sources told Fox News Tuesday as fallout from Operation Fast and Furious reached new heights.

Acting ATF Director Kenneth Melson has been reassigned to a lesser post in the Justice Department and the U.S. attorney for Arizona is also “out,” sources tell Fox News Tuesday as fallout from Operation Fast and Furious reaches new heights.Melson’s step down from his role as head of the Bureau of Alcohol, Tobacco, Firearms and Explosives to the position of senior adviser on forensic science in the Department of Justice’s Office of Legal Programs is effective by close of business Tuesday, administration officials announced. U.S. Attorney for the District of Minnesota B. Todd Jones will replace Melson.U.S. Attorney for Arizona Dennis Burke, one of the officials closely tied to Fast and Furious, is also a casualty in a shakeup tied to the botched gun-running program. Burke was on the hot seat last week with congressional investigators and, according to several sources, got physically sick during questioning and could not finish his session.The purge of those responsible for the firearms t…

Read More ›

Obama’s “Dukakis Tank” Moment

August 30, 2011

This should be Obama’s Dukakis Tank moment, when pure bravado exposed the very perception of weakness the candidate hoped to overcome.

Is there anything worse than a candidate who tries so hard to be something he is not, to fake it so hard that it hurts to watch?

Here he is in command of something he knows nothing about …

Great minds think alike, More irenic thoughts, or Obama as Dukakis (via Instapundit)

I note that at least Dukakis looked like he was having fun in the tank.

Shock Finding: The Sun Has Dominant Control Over Earth’s Climate

August 30, 2011

Who knew, the Sun did it.

You know it as the fiery scorching ball of stuff at the center of our solar system, the creator of the nasty sunburn. It’s looking more and more like the Sun did it could be the case:

The science is now all-but-settled on global warming, convincing new evidence demonstrates, but Al Gore, the IPCC and other global warming doomsayers won’t be celebrating. The new findings point to cosmic rays and the sun — not human activities — as the dominant controller of climate on Earth.

The research, published with little fanfare this week in the prestigious journal Nature, comes from über-prestigious CERN, the European Organization for Nuclear Research, one of the world’s largest centres for scientific research involving 60 countries and 8,000 scientists at more than 600 universities and national laboratories. CERN is the organization that invented the World Wide Web, that built the multi-billion dollar Large Hadron Collider, and that has now built a pristinely clean stainless steel chamber that precisely recreated the Earth’s atmosphere.

In this chamber, 63 CERN scientists from 17 European and American institutes have done what global warming doomsayers said could never be done — demonstrate that cosmic rays promote the formation of molecules that in Earth’s atmosphere can grow and seed clouds, the cloudier and thus cooler it will be. Because the sun’s magnetic field controls how many cosmic rays reach Earth’s atmosphere (the stronger the sun’s magnetic field, the more it shields Earth from incoming cosmic rays from space), the sun determines the temperature on Earth.

The results of the CLOUD experiment may never get a lot of lamestream media attention, mostly due to efforts to avoid politicizing the findings and angering those who stand to greatly profit from selling AGW as scientific fact — which if you think about it, is politicizing the findings, except in the opposite direction.

We’ll now wait for Al Gore to accuse CERN, and possibly the sun, of being racist….

The truth wins in the end.

Boys Will Be Boys

August 29, 2011

well what were you doing when you were 22 years old

What The Lamestream Promised Obama And What Nature Actually Delievered — Two Different Things

August 29, 2011

The Lamestream delivered their Category 5 coverage, but nature wimped out at Cat 1. Why the disparity?

Simple answer, the lamestream’s desire for a show where Obama could strut his stuff. Why do you think he went to the NHC/FEMA, instead of working on his jobs plan, which is more important to you?

What they got was this our dear reader at the hurry up and wait position:
cub scout OblameO yawns

Clearly not what was hyped for. The in charge leader of the storm, not the bumbling Bush. Were the hot winds of nonstop media hype more powerful than the actual storm?

You can certainly argue that Irene wasn’t overhyped, since the storm caused at least 18 deaths, widespread flooding and power outages for more than 1 million customers. You can also make the case that more people might have died were it not for the unusually expansive evacuation orders and the media coverage that they received.

On the other hand, the nonstop TV hyping of worst-case scenarios even after more-responsible forecasters saw as early as Thursday that Irene would not be a major hurricane caused millions to expect something far, far worse – “the East Coast Katrina,” or maybe the water wall from The Ten Commandments – than what showed up.

Longtime media writer Howard Kurtz, now with the Daily Beast, nailed the disparity when he said that although Irene did prove to be a Category 1 storm, causing significant disruption, it received Category 5 coverage into the weekend.

Jason Samenow, chief meteorologist with the Washington Post’s Capital Weather Gang, which is receiving kudos for its accurate and restrained reporting, said last night “that some cable anchors were still reporting that Irene could strike New Jersey and New York as a major hurricane long after his team determined that it clearly was weakening.”

It’s hard to actually look outside, easy to watch TV.

“You want to raise awareness of the possible worst-case scenarios in order to take the storm seriously – but in order to do so some media outlets resort to hysteria and hype,” Samenow said. He added that such reporting can be spun as a public service even as fear and hype drive the ultimate real goal of any for-profit venture like the Weather Channel (owned by Philadelphia’s Comcast), which is higher ratings.

“The gulf between informing people and exploiting this is very, very wide,” agreed Jeff Jarvis, director of the Tow-Knight Center for Entrepreneurial Journalism at City University of New York and a well-known media critic.

Indeed, but hurricane’s deliver reality, and that reality had shrunk to a tropical storm, instead of the Cat 5 predicted by the media. Why not just tell the truth?

The good news — For all, the truth won, the hurricane was a wimp.

Al Gore Digs Hole, Hits New Depths

August 29, 2011

Question how can you tell when progressives are bottoming out?

Gore: Global warming skeptics are this generation’s racists

The Democrats, the party of the KKK, Jim Crow, segregation, just keeps on digging. We’re all racist now, it’s just that some lie. The Galactic Cosmic Ray deniers are the worst.

OblameO: Add Hurricane

August 28, 2011

blame listed

%d bloggers like this: