Here’s how the economic and political system of a nation is
destroyed.
Every price increase of just a dime per gallon of gasoline
at the pump extracts approximately $5 billion from the pockets of
U.S. consumers over the course of a year.
On top of killing family budgets, with a dollar per gallon
jump at the pumps picking our pockets of $50 billion per year,
there is on the macro level an inverse relationship between the
price of oil and the overall health of the economy — oil price
hikes deliver less job growth, less demand for labor, more
unemployment, more poverty, more inequality, more inflation, lower
real income increases, and smaller advances in the standard of
living.
Additionally, higher oil prices directly cause greater
amounts of U.S. capital to be exported, both to pay the higher
prices and to pay for the growing levels of imported
oil.
In 1985, the U.S. imported 25 percent of its oil usage.
Today, it’s 61 percent. And still we are placing restrictions on
increases in domestic production, both for oil and other sources of
energy.
A few days back, President Obama, rather than sticking
around a couple hours to explain to the American people or to the
U.S. Congress why we were going to war in Libya, flew off to Brazil
to hand out a permit to allow deep sea oil drilling in the
Gulf of Mexico to Brazil’s state-run oil company, Petrobras.
Capitalist companies in America need not apply.
This particular foreign deal was an especially snug and
nostalgic fit for Obama. Brazilian president Dilma Rousseff is
somewhat of a Latin form of Obama’s old Weather Underground chum
Bernardine Dohrn.
In earlier days, Rousseff, a former Marxist guerrilla, was
charged with running with a gang of redistributionists who
accumulated revolutionary capital by way of kidnapping foreign
diplomats for ransom.
A top priority for Rousseff today mirrors the “spread the
wealth around” objective that Obama stated to Joe the
plumber.
Dohrn, just home from a trip to Cuba in 1969 where she
hoped to pick up some pointers on how to impose a “classless”
society on the U.S., displayed her true psychopathic colors in a
speech she made to the Weathermen’s “War Council.”
Speaking elatedly of the murders by the Charlie Manson
gang of actress Sharon Tate, coffee heiress Abigail Folger and
three other people, Dohrn proclaimed, “First they killed those
pigs, then they ate dinner in the same room with them, then they
even shoved a fork into the victims’ stomachs! Wild!”
That’s the fully hateful Bernardine on public display,
seeing herself as a new George Washington, a revolutionary fighter
for a new nation. It’s the same role, except this founding mother
was in serious need of a super-sized bottle of antipsychotic drugs
and a super-tight straightjacket.
Of all the places for candidate Obama to kick off his
political career in 1995 in his first run for the Illinois State
Senate, he picked the living room of Bernardine Dohrn and husband
Bill Ayers, co-founder of the Weather Underground and, more
recently, the national vice president for curriculum studies at the
American Educational Research Association.
I’d have kept up my guard when Bernardine sashayed out of
the kitchen and began circulating around with the hors d’oeuvres
and metal forks.
In any case, it’s no surprise that things are coming
apart, especially on energy. “If somebody wants to build a
coal-fired plant, they can,” pronounced Obama during the
presidential campaign. “It’s just that it will bankrupt them
because they’re going to be charged a huge sum for all that
greenhouse gas that’s being emitted.”
What’s the end game? “Suicide Mission
Accomplished”?
