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Thread: Europe Embraces Stagnation

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    Banned Eric Stoner's Avatar
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    Default Europe Embraces Stagnation

    Voltaire could not have written a better farce than some of the stuff being put out by European think tanks.

    The latest is advocacy of "no growth" economies. The assertion that economic development is finite and ought to be so. Scarce resources and overpopulation necessitate "prosperity without growth". I AM NOT MAKING THIS UP !

    In Britain, a GOVERNMENT commission has drawn up plans for a "steady state economy". And Brown and the Labourites are certainly doing their part to stifle growth. In Germany, the latest best seller is "EXIT : PROSPERITY WITHOUT GROWTH". In France, Sarkozy ( of all people ! ) has applauded an expert report describing the pursuit of GDP growth as a "fetish".

    Effectively, they are giving up on growth and embracing all sorts of fights over the distribution of limited resources. Many are pointing to Iceland and Ireland as examples of what can go wrong when countries pursue pro-growth policies. They are choosing to ignore the effect on the poor and less well off of pursuing no growth policies.

    We have the same sort of advocacy in this country. Al Gore and his fellow members of the Church Of Immaculate Stagnation aka Global Warming ; Henry Waxman; the late Ted Kennedy; Joe Biden; PAUL KRUGMAN etc. etc.

    Exhibit "A" is the fact that Obama and the Dems have done NOTHING to promote formation and growth of small business which creates 40 to 50 % of the new jobs in this country.

    Would someone please explain to me , or better yet to an economic ignoramus like Obama, how you can have increased prosperity without growth ? And please, PLEASE ! , no "happy talk" chirping about "Green Jobs". Spain and California have PROVEN that "green" policies cost more jobs than they create. The question is: How can there be prosperity with growth ?

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    Default Re: Europe Embraces Stagnation

    How can there be prosperity with growth ?
    well, here's one possibility ...

    - drill, baby, drill ... every dollar's worth of domestically produced oil and gas adds to US prosperity by subtracting from the US balance of trade deficit.

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    Default Re: Europe Embraces Stagnation

    Quote Originally Posted by Melonie View Post
    well, here's one possibility ...

    - drill, baby, drill ... every dollar's worth of domestically produced oil and gas adds to US prosperity by subtracting from the US balance of trade deficit.
    That's another Obama FRAUD. The most promisisng areas for drilling where we already KNOW there is oil like ANWAR and the California and Florida coasts are STILL OFF LIMITS to drilling.

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    Default Re: Europe Embraces Stagnation

    plus, it's nowhere near enough.

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    Default Re: Europe Embraces Stagnation

    well, here's another possibility ...

    - amend existing environmental laws / nimby laws etc to allow track the construction of new nuclear power plants

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    Default Re: Europe Embraces Stagnation

    Quote Originally Posted by Melonie View Post
    well, here's another possibility ...

    - amend existing environmental laws / nimby laws etc to allow track the construction of new nuclear power plants
    Maybe but a few things have to fall into place first: 1. The Dems have to get clobbered in the 2010 Mid-Term Elections. So much so that Obama fears for his own reelection and 2. The economy stays in the doldrums. Then and only then will Obama shake free of the Far left and pull a Clinton by governing from the center. By marginalizing the extreme environmentalists, Obama can push for things like fast tracking nuclear power plants and opening up more areas for drilling.

    What I'd like to know is WHY nothing; NOTHING has been done to implement the Pickens Plan ? No shift to increased narural gas usage and no expansion of wind farms.
    Last edited by Eric Stoner; 04-12-2010 at 10:45 AM.

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    Default Re: Europe Embraces Stagnation

    What I'd like to know is WHY nothing; NOTHING has been done to implement the Pickens Plan ? No shift to increased narural gas usage
    The 'gold foil hat' would tell you that very recently developed new natural gas drilling techniques ( called 'fracking', actually ) now promise to provide a 250 year supply of north american natural gas ... and that's without having to pipe gas in from Alaska ! Unfortunately for the Pickens Plan mega-investors, de-facto mandating the use of natural gas as the only 'politically acceptable' fossil fuel would only have produced profits if supply remained restricted while 'mandated' demand increased.

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    Default Re: Europe Embraces Stagnation

    Quote Originally Posted by Melonie View Post
    The 'gold foil hat' would tell you that very recently developed new natural gas drilling techniques ( called 'fracking', actually ) now promise to provide a 250 year supply of north american natural gas ... and that's without having to pipe gas in from Alaska ! Unfortunately for the Pickens Plan mega-investors, de-facto mandating the use of natural gas as the only 'politically acceptable' fossil fuel would only have produced profits if supply remained restricted while 'mandated' demand increased.
    That only affects one part of the Pickens Plan and that is iffy at best. Existing suppy is more than adequate to take care of increased use.

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