Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
You may remember the promise of the neocons in 2003: America’s war with Iraq would be paid for by Iraqi oil. Besides, the war would cost only $50 billion — $60 billion, tops. The war cost $2.2 trillion — $3 trillion, tops — and the oil is being gobbled up by China. Oh, well, they [...]
Continue reading →The decline of oil in response to falling manufacturing figures from China will continue to pressure the Consumer Price Index down. The price of natural gas has also fallen. This is good news for consumers. The CPI went negative 0.4% in April. The Median CPI, which is less volatile than the CPI, went up by [...]
Continue reading →In his State of the Union Address in 2011, President Obama called on Congress to fork over more money for electric car subsidies. “With more research and incentives, we can break our dependence on oil with biofuels, and become the first country to have a million electric vehicles on the road by 2015.” The total [...]
Continue reading →Of the 50 states in the United States, 29 of them have state laws mandating renewable energy programs for local power generation plants. The trouble is, these alternative fuels are expensive. Natural gas costs have fallen by 70% since 2005. Fracking has made the difference. New supplies have lowered natural gas prices. This means that [...]
Continue reading →Barack Obama, who did not close Guantanamo, prosecute corrupt bankers, or get American troops out of Afghanistan, delivered his second inaugural yesterday. The address was a judicious combination of platitudes, deception, code words, and a large dose of bloviation at the end. To bloviate is to give long speeches with high-flying words, yet communicate little. [...]
Continue reading →This was posted on one of my GaryNorth.com forums on Friday. The Long Island Power Authority is toast. 200,000 customers on Long Island still don’t have power after Hurricane Sandy, and won’t have power for another two weeks. But this story is not getting a lot of press from MSM, at least not yet. It [...]
Continue reading →In this hard-hitting, no-holds-barred report, America’s path to energy independence is made clear. The Daily Show with Jon StewartGet More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook ,Br> Unfortunately, that was broadcast in 2010. For the latest information on America’s road to energy independence, click the link.
Continue reading →The Greens have recruited an interfaith council of liberal Jews, liberal Protestants, liberal Orthodox, and Liberal Roman Catholics. These people have formed an organization to make big civil government even more intrusive in our lives. This is The National Religious Partnership for the Environment. There is a rival organization of conservative, Bible-believing activists, whose economics [...]
Continue reading →The Obama Administration’s Department of Energy put up $150 million to help fund a company that promised to produce batteries for the Chevy Volt car. You know: the hybrid car produced by the federally bailed-out General Motors company. Problem: Nobody wants to buy Chevy Volts. So, Chevrolet is not ordering batteries. So far, the plant [...]
Continue reading →Solyndra was a boondoggle. The Department of Energy put taxpayers on the hook for half a billion dollars in loan guarantees. The company made solar panels. It went belly-up in September 2011. (How time flies!) Taxpayers will pay off its creditors. It was all part of green energy, which is energy that produces mostly red [...]
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