A New Energy Policy

It is hard to believe that in the sixty-plus days since the BP oilrig blew up that no one has coined the phrase Barack Petroleum. A while back, I posted apiece titled Big Fat Lie in which I postulated that the oil rig blow up was a government sponsored conspiracy. I claimed it was a save-face cover for POTUS to rescind his generous relinquishment of off shore drilling. There was no doubt; my theory was so far out it fell into the category of a Big Fat Lie.

As the oil continues to spew into the Gulf and the politics of it begins to unfold, I am leaning to another big fat lie theory. This one has the Administration sending Navy Seals to blow up the rig, but the rationale is different. This time, it is because POTUS wants to take over BP. Why is that? He wants to add an energy company to his growing stable of government controlled or owned companies: Fannie Mae, Freddie Mac, AIG, Goldman Sachs, Student Loan Program, Chrysler, GM, and Health Care Insurance. What else does he want? Perhaps, he will add your soul and mine too.

 POTUS put the gun to BP’s head and extorted twenty billion dollars from them as payment toward the lost wages of the coastal residents. The clean-up costs are extra. A few more payments and he will have another trillion to deposit into a Swiss bank account for retirement. The company will have to give him stock to make a payment like that.

Is it the big fat lie syndrome, or is it I? Is it coincidence? Or, is it Rahm’s theory that every catastrophe becomes an opportunity to build a bigger government? 

Subtrafuge

Obama's Spending ChartIn my business, I was taught to look for places to cut costs. This is a graphic world. We can process information easier if we see it graphically. POTUS has been spending money like a drunken sailor, and it’s been bothering the heck out of me. The most recent dialog on the news concerns the massively huge bonus package being given to AIG out of the bailout money from the government.   I agree, one hundred sixty five million dollars is a huge amount of money. It is so large that most people can’t process the number. Most likely because many of us accumulate much less than a million dollars over fifty years of hard work.  Those who do amass that much can retire,  as long as they also receive Social Security. The population is angry that we donate our tax dollars to save a failed company, and then reward the men who caused it to fail with bonuses twenty times larger than a typical nest egg.

What I can’t understand is why the citizens of this good country aren’t upset with the antics of our elected  representatives. The chart above shows it clearly.  All I have done is graph the costs of the federal budget, and the various bailout bills next to the cost of the AIG bonuses. The left side of the chart is graduated in trillions of dollars. I ask you this; if  this chart represented your personal expenses, and you had to trim your spending, where would you look first? Which area would produce the most benefit if it were attacked looking for savings?  Do I have to explain further?  Lee Iaccoa, chairman of the Chrysler Corp wrote that he could cut ten percent out of any budget and no one would notice. Ten percent of the first bar on the chart amounts to three hundred and fifty billion dollars. Any one with a brain could trim that bar deeper than ten percent. If you have a job in manufacturing in the USA you are faced with making cuts of that nature everyday. There are many qualified people who could see where to make cuts. Most of these people are managers, accountants, and engineers. Do we have people from these disciplines sitting in the Capital ?  

Why then, are these morons in the White House and the Capital steering all the news toward the AIG bonuses. Do they think we are as stupid as they are? Do they think the people of the USA are so dumb as to not see through their subtrafuge. It is clear to me they are trying to deflect the news away from massive spending they call “Change You Can Believe In.”  

Here is something to think about; after spending all those dollars shown in the chart all we will have left is “change”  in our pocket.

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