Monday, June 13, 2022

 


 Then and now. I lived through the last years of the Carter administration with 12 % inflation rate and 20% interest rates. I was giving my employees a raise every three months just to help offset the inflation. The difference between then and now is that the cost of fuel was stable. The recession was caused by the Fed raising rates to cool the economy which worked eventually after Reagan cut taxes and regulations. Today, under Biden's direction they printed money which drove inflation. But the real problem now is the war on fossil fuels has caused the cost of energy to sky rocket across the board. Cancelling drilling permits, the Keystone pipeline, restricting Anwar exploration and making it almost impossible for energy companies to produce is the real cause of the rapid inflation we see today. Our energy production was the envy of the world and we could have provided Europe with enough fuel to offset Russian oil and gas. Fuel of all types is a component of all prices. No matter what, it tales energy to deliver everything without exception. Crops, food, furniture, cars and trucks, you name it, all rely on energy to be delivered. That's why this is so different than under Carter. The Progressives and left want to break America by destroying the lower and middle class---period! No one in their right mind thinks that doing away with fossil fuels is the answer or even possible. Can't be done. Everything runs on oil to lubricate, power or as a raw material in so many of our day to day manufactured products. EVs, (electric vehicles) charge on fossil fuel or nuclear, very little wind and solar. I suggest that they contract with the utilities to buy only solar and wind energy to charge their cars. That would be the end of that. We are hearing about rolling brown outs this summer. Really? When China and India are building coal fired generating plants as fast as they can we are decommissioning our and preventing the building of efficient nuclear plants. And make no mistake, this in not incompetence, mis-directed environmentalism or blatant stupidity, it is on purpose! Fight it with all you've got. Even before November. Do not hesitate to engage with the facts. Most liberals and Biden supporters will try to rationalize their views but a calm presentation of the facts will help them see the error of their ways.