Tag: Rick Perry

CANDIDATE PROFILES

Candidate Profile: Lindsey Graham

South Carolina senator and retired Air Force colonel Lindsey Graham officially announced Monday that he will run in the 2016 presidential race, adding his name to the increasingly crowded Republican field. Here are some key facts to know about Graham:

  • Marital Status: Single, but on the prowl
  • Distinction Among Other GOP Candidates: Most recent
  • Voter Appeal: Popular with voters who believe America not currently in enough wars
  • Appearance: Excited boy getting his first tricycle
  • Family: Has relatable 50-year-old sister just like you and me
  • Name Recognition Among Sen. John McCain: 100 percent
  • Percent Of Body Mass That Is Sweet Tea: 17
  • What He’s Wearing Under That Little Three-Button Navy Blue Number: Absolutely nothing
  • Biggest Obstacle To Winning Presidency: (Tie) Personality, voting record, stances on various issues, physical appearance, funding

Candidate Profile: Rick Perry

Former Texas governor Rick Perry announced Thursday his candidacy for the 2016 presidential election, hoping to fare better than he did in his unsuccessful bid for the Republican nomination in 2012. Here’s what you need to know about Perry:

  • Campaign Slogan: “I Studied This Time”
  • Experience: Effectively and efficiently led bungling of 2012 presidential campaign
  • Policies: Tough on crime, specifically homosexuality
  • Death Penalty Record: Undefeated, 234-0
  • Political Base: Unsettling white guys in wraparound Oakleys
  • Biggest Political Asset: Looks pretty presidential on muted TV at airport
  • Biggest Liability: Public forums
  • Greatest Political Accomplishment: Provided underserved minorities and mentally retarded individuals with access to quality executions
  • Oh, And: Was recently issued felony indictment for abuse of power as Texas governor

Via The Onion


Republicans Unlearning Facts Learned in Third Grade to Compete in Primary

Guest Post by Andy Borowitz

Credit Photographs by (from left) Chip Somodevilla/Getty, Kevork Djansezian/Getty, Darren Hauck/Getty

WASHINGTON (The Borowitz Report)—In the hopes of appealing to Republican primary voters, candidates for the 2016 Presidential nomination are working around the clock to unlearn everything that they have learned since the third grade, aides to the candidates have confirmed.

With the Iowa caucuses less than a year away, the hopefuls are busy scrubbing their brains of basic facts of math, science, and geography in an attempt to resemble the semi-sentient beings that Republican primary voters prize.

An aide to Jeb Bush acknowledged that, for the former Florida governor, “The unlearning curve has been daunting.”

Continue reading “Republicans Unlearning Facts Learned in Third Grade to Compete in Primary”

Rick Perry, Neocon Tool

Guest Post by

His pathetic “comeback” is going to go nowhere – fast

The media hates Republicans, and so naturally they’re elevating Texas Governor Rick Perry to the status of a potential 2016 GOP presidential contender who must be taken seriously. After his last embarrassing run – embarrassing not only for him, but for the much-maligned state of Texas (see the video above) – one would think he’d put his presidential aspirations in the back of the garage, along with that Stairmaster he never uses. But no: dumber than a steer who’s been zapped by a cattle-prod and still won’t move, Perry is going along with the joke. He’s been busy lately inveigling himself into the good graces of those Republican grandees who think they can dictate whom the candidate will be. And he’s doing that by taking on the prospective candidate the GOP Establishment is determined to stop at any cost: Senator Rand Paul (R-Kentucky).

This job was supposed to be left to former UN ambassador John Bolton, but given his almost nonexistent name recognition, his abrasive personality, his one percent base of support, and that distinctively Prussian mustache – for cryin’ out loud! – there’s some doubt Bolton could even make it into the presidential debates. So Perry is auditioning for the role of Rand’s designated nemesis – and if his recent op ed in the Washington Post is any indication, he’s doing as well at that as he did in that fatal 2011 debate – when he forgot what agencies he supposedly wants to abolish.

The first paragraph deploys the “isolationist” epithet twice, but it’s tempered by what can only be called appeasement: “I can understand the emotions behind isolationism,” he avers. “Many people are tired of war” – but Gov. Perry isn’t among them, as the rest of his piece makes clear. What’s interesting, though, is that he feels obligated to apologize for dissing those bad old “isolationists”: “Unfortunately,” he writes, ” we live in a world where isolationist policies would only endanger our nation even further.”

In a more-in-sorrow-than-anger tone, Perry goes on to bewail how “disheartening” it is “to hear fellow Republicans, such as Sen. Rand Paul (Ky.), suggest that our nation should ignore what’s happening in Iraq. The main problem with this argument is that it means ignoring the profound threat that the group now calling itself the Islamic State poses to the United States and the world.”

So how and why is a group financed and run by our Saudi “allies” suddenly a threat that requires us going back to Iraq – a country 999 out of 1,000 Americans never want to hear of again? One expects to hear the old “safe haven” argument, which kept us in Afghanistan well beyond our expiration/exhaustion date, but no, Perry has come up with a new one: the They-Have-US-Passports argument. Not only is the Islamic State in Iraq and Al-Sham [Syria] (ISIS) scarier than even al-Qaeda, according to Perry they are so “adept at recruitment” that they have “thousands of people with European passports fighting” in their ranks, “as well as some Americans.” So, you see, the threat to our precious bodily fluids emanates from the fact that “any of these passport carriers can simply buy a plane ticket and show up in the United States without even a visa.”

Does Perry think the feds don’t have a very clear idea of who these American jihadis are? Why oh why do we have this all-pervasive surveillance of the American people if not to pick out these individuals and put them on the terrorist watch list? Of course, that’s assuming the government is actually doing its real job rather than what we know they’re doing – which is spying on ordinary Americans for no good reason – but surely it would be far easier and much less costly to identify these potential culprits from a distance, as opposed to re-invading Iraq. Perry is the one screaming about the lack of border security, so presumably under his presidency (shudder!) this would become a top priority.

Perry’s lame argument gives way to an extended discussion of just what Ronald Reagan would do in this situation, a ritual performed by every GOP presidential aspirant as a matter of course. Yet Perry’s version of what a Reaganite foreign policy transplanted into today’s world would look like elides the entire history of how the cold war actually ended: in negotiations rather than confrontation, as Reagan signed a nuclear disarmament treaty, hailed glasnost and perestroika, and was denounced by some of the very same neocons who are now giving Perry such bad foreign policy advice.

Last time around the GOP presidential racetrack, Perry conferred “for hours” with Douglas Feith, former defense secretary for policy at the height of the Iraq war, as well as Bill Luti, whose “Office of Special Plans” during Feith’s tenure manufactured “talking points” that made it what Mother Jones magazine called “the lie factory.” As the chief source of those lies, Ahmed Chalabi, came under investigation for being an Iranian double agent, Feith hurriedly resigned rather than face the music.

Perry’s problem is that this horse is too lame to run. Indeed, hoping my readers will let me stretch the equine analogy to its limit: if neoconservative foreign policy can be likened to a racehorse, this one would’ve been put out of its misery long ago. Saddled with the Feith-Luti gang, the Perry-for-President bandwagon is going to be stuck in the mud at the opening bell. The reason is because Americans aren’t just tired of war, as Perry admits – they’re tired of the warmongers, i.e. the same all-too-familiar neocons who lied us into Iraq the last time.

One almost has to feel sorry for Perry, who can’t seem to stop embarrassing himself: his “argument” for intervening in Iraq is so contradictory that he winds up pulling back at the end of his op ed. He stupidly brings up the “red line” – the one Obama said he was drawing around Syria’s chemical weapons – and attacks the President for using it as a “rhetorical device rather than a promise of action.” The problem for Perry is that the American people were horrified at the “promise of action” in Syria and rose up as one to demand that the President drop his plans to bomb. Obama wanted to act, the political class was chomping at the bit to act, but ordinary everyday Americans said “No!” – and Obama wisely drew back. Just like Perry does in the latter half of his op ed:

“There are no good options in Iraq or Syria. The window to shape events for the better passed years ago. The lousy choices we face today are the price of failed leadership. Nonetheless, the president can and must do more with our military and intelligence communities to help cripple the Islamic State. Meaningful assistance can include intelligence, surveillance and reconnaissance sharing and airstrikes.”

So it’s too late to charge in there guns blazing, and we can blame everything on Obama. “Nonetheless” we can do something – which just happens to be exactly what Rand Paul has come out in favor of. For far from advocating “inaction,” the junior Senator from Kentucky has indeed said he’s for using our “hi tech” military to do everything Perry wants us to do – he’s even said he “would not rule out” air strikes.

Perry’s argument is cowardice standing in fear of itself: he doesn’t dare come out and say we need to send ground troops back to Iraq, although his neocon advisors would dearly love to see that happen. On the other hand, he doesn’t say he would never do it: he simply doesn’t mention the prospect in hopes that no one will bring it up. Ah, but Sen. Paul brought it up in his response:

“Unlike Governor Perry, I am opposed to sending American troops back into Iraq; I support continuing our assistance to the government of Iraq. I support using advanced technology to prevent ISIS from becoming a threat.

“I also want to stop sending U.S. and arms to Islamic rebels in Syria who are allied with ISIS, something Governor Perry doesn’t even address. I asked Governor Perry, ‘How many Americans should send their sons and daughters to die for a foreign country, a nation the Iraqis won’t defend for themselves?’”

This is the question Perry – and his neocon puppeteers – don’t want to answer because they can’t tell the truth without being driven out of the public square. The overwhelming majority of Americans aren’t just opposed to re-entangling ourselves in that mess – they don’t think the war was ever worth fighting. And that includes half of Republicans.

This is a nearly insurmountable barrier for the War Party – and any presidential wannabe who plans on running as their chosen candidate. Sure, the warmongers will shower him with plenty of moolah and take out ads attacking the alleged “isolationism” of Paul, but the problem is they have to reverse a verdict that’s already been handed down by the court of public opinion: Iraq was a disaster, and going back there will only exacerbate the failure. And whose failure is it? Although both parties were complicit in dragging us into that quagmire, the Republicans are taking the lion’s share of the blame because the war defined the Bush era.

Does the GOP want to be stuck with that albatross hung around their necks forever? That will ensure their permanent status as a rapidly-shrinking minority party – which is just what the GOP Establishment is supposedly trying to prevent. So the party’s “grandees” are faced with a seemingly insoluble contradiction: they insist they are all about picking a “winner,” but refuse to dump their losing obsession with maintaining and expanding our foreign policy of global meddling.

Perry’s op ed, and his appearance on “Face the Nation,” where he was confronted with Sen. Paul’s rebuttal, was supplemented by the obligatory appearance of John McCain on CNN’s “State of the Union,” during which the Senator went into the usual neocon riff about the alleged history of the “isolationist” movement:

“’Senator Paul is part of a wing of the party that’s been there ever since prior to World War I in our Republican Party, and that is a withdrawal to fortress America,’ McCain said, comparing Paul to American isolationists who wanted to keep the US out of World War II.”

McCain needs a course in basic history, starting with the history of his own party: the GOP in the run up to World War I was solidly in favor of intervening. Indeed, one of McCain’s heroes, Teddy Roosevelt, demanded we go to war long before Woodrow Wilson dragged us into it. Henry Cabot Lodge, the influential Republican Senator from Massachusetts, was a major proponent of intervention, and military “preparedness,” and applauded Wilson’s decision to enter the war. Lodge’s main worry was that Wilson would conclude a peace without demanding unconditional surrender.

In any case, the same tired bromides about how refusal to go along with another cockamamie neocon scheme to involve us in a foreign war is “isolationism” isn’t going to cut it, this time. Both McCain and the nutso Peter King (R-IRA) – who’s threatening to cut into Bolton’s one percent by running for President – keep evoking the shade of Charles Lindbergh as if the Battle of Britain were still raging, but they are merely underscoring their own irrelevance.

It may be true that for the neocons it’s always 1939 – but the rest of us aren’t stuck in that time-warp. ISIS isn’t Nazi Germany: it isn’t even Fascist Italy. The very idea that this ragtag army – subsidized and supported by our “allies” in the Gulf – poses a threat to the territory of the United States is a gruesome joke: gruesome because the consequences of taking such a view seriously would result in many more thousands of American (and Iraqi) deaths in the second part of a war that was a disaster from the beginning.

The neocons have a major problem: their own party, the GOP, is rebelling against their hegemony in the foreign policy realm. If Sen. Paul succeeds in breaking the neocons’ hold, he’ll have destroyed the monopoly the War Party has enjoyed when it comes to the vital issue of our relations with the rest of the world. This has been their greatest strength: never having to encounter any real opposition in the arena of presidential politics. The pro-peace camp has never been defeated – because they’ve never been heard.

All that may be changing – and that’s why nary a week goes by without some stand in for the neocons – Dick Cheney, Marco Rubio, Chris Christie, McCain, Lindsey Graham – unloading on Sen. Paul. The great irony of these attacks is that they accomplish the exact opposite of what’s intended: instead of hurting Paul’s presidential aspirations they help him by underscoring the fact that his views – unlike his opponents’ – are exactly in accord with the views of the American people.

So keep it up, guys. Or, as George W. Bush would put it: “Bring it on!”

NOTES IN THE MARGIN

You can check out my Twitter feed by going here. But please note that my tweets are sometimes deliberately provocative, often made in jest, and largely consist of me thinking out loud.

I’ve written a couple of books, which you might want to peruse. Here is the link for buying the second edition of my 1993 book, Reclaiming the American Right: The Lost Legacy of the Conservative Movement, with an Introduction by Prof. George W. Carey, a Foreword by Patrick J. Buchanan, and critical essays by Scott Richert and David Gordon (ISI Books, 2008).

You can buy An Enemy of the State: The Life of Murray N. Rothbard (Prometheus Books, 2000), my biography of the great libertarian thinker, here.

Read more by Justin Raimondo

BONEHEAD FROM TEXAS

Perry is a Moran

Rick Perry Is Dead Wrong

By SEN. RAND PAUL

There are many things I like about Texas Gov. Rick Perry, including his stance on the Tenth Amendment to the Constitution. But apparently his new glasses haven’t altered his perception of the world, or allowed him to see it any more clearly.

There are obviously many important events going on in the world right now, but with 60,000 foreign children streaming across the Texas border, I am surprised Governor Perry has apparently still found time to mischaracterize and attack my foreign policy.

Governor Perry writes a fictionalized account of my foreign policy so mischaracterizing my views that I wonder if he’s even really read any of my policy papers.

In fact, some of Perry’s solutions for the current chaos in Iraq aren’t much different from what I’ve proposed, something he fails to mention. His solutions also aren’t much different from President Barack Obama’s, something he also fails to mention. Because interestingly enough, there aren’t that many good choices right now in dealing with this situation in Iraq.

Perry says there are no good options. I’ve said the same thing. President Obama has said the same thing. So what are Perry’s solutions and why does he think they are so bold and different from anyone else’s?

He writes in the Washington Post, “the president can and must do more with our military and intelligence communities to help cripple the Islamic State. Meaningful assistance can include intelligence, surveillance and reconnaissance sharing and airstrikes.”

The United States is actually doing all of this now. President Obama has said he might use airstrikes in the future. I have also been open to the same option if it makes sense.

I support continuing our assistance to the government of Iraq, which include armaments and intelligence. I support using advanced technology to prevent ISIS from becoming a threat. I also want to stop sending U.S. aid and arms to Islamic rebels in Syria who are allied with ISIS, something Perry doesn’t even address. I would argue that if anything, my ideas for this crisis are both stronger, and not rooted simply in bluster.

If the governor continues to insist that these proposals mean I’m somehow “ignoring ISIS,” I’ll make it my personal policy to ignore Rick Perry’s opinions.

But the governor and I do have at least one major foreign policy difference, something Perry also conveniently fails to mention.

Said Perry forthrightly during a Republican presidential primary debate in 2012, “I would send troops back into Iraq.” Obviously, this is something he advocated long before the rise of ISIS. At the time, Perry urged the United States to return troops to Iraq to act as a balance against Iran, a country my colleague Sen. Lindsey Graham says we must work with to help beat back the extremists.

Does Perry now believe that we should send U.S. troops back into Iraq to fight the Iranians—or to help Iran fight ISIS? As everyone agrees, governor, there are no easy options.

Unlike Perry, I oppose sending American troops back into Iraq. After a decade of the United States training the Iraq’s military, when confronted by the enemy, the Iraqis dropped their weapons, shed their uniforms and hid. Our soldiers’ hard work and sacrifice should be worth more than that. Our military is too good for that.

I ask Governor Perry: How many Americans should send their sons or daughters to die for a foreign country — a nation the Iraqis won’t defend for themselves? How many Texan mothers and fathers will Governor Perry ask to send their children to fight in Iraq?

I will not hold my breath for an answer. If refusing to send Americans to die for a country that refuses to defend itself makes one an “isolationist,” then perhaps its time we finally retire that pejorative.

Today, the overwhelming majority of Americans don’t want to send U.S. soldiers back into Iraq. Is Perry calling the entire country “isolationist” too?

The let’s-intervene-and-consider-the-consequences-later crowd left us with more than 4,000 Americans dead, over 2 million refugees and over trillions of dollars in debt. Anytime someone advocates sending our sons and daughters to war, questions about precise objectives, effective methods and an exit strategy must be thoughtfully answered. America deserves this. Our military certainly deserves this.

Tough talk like Perry’s might inspire some for the moment, but when bombast becomes policy it can have long and disastrous consequences. It is vitally important that we remember past mistakes so that we learn from them. When Megyn Kelly of Fox News tells Dick Cheney that “history has proven that you got it wrong” on Iraq, it is a very important lesson—we must remember that history so we don’t repeat it.

Perry seems entirely comfortable repeating the history, the rhetoric and presumably, the mistakes.

This is where many in my own party, similar to Perry, get it so wrong regarding Ronald Reagan’s doctrine of “peace through strength.” Strength does not always mean war. Reagan ended the Cold War without going to war with Russia. He achieved a relative peace with the Soviet Union—the greatest existential threat to the United States in our history—through strong diplomacy and moral leadership.

Reagan had no easy options either. But he did the best he could with the hand he was dealt. Some of Reagan’s Republican champions today praise his rhetoric but forget his actions. Reagan was stern, but he wasn’t stupid. Reagan hated war, particularly the specter of nuclear war. Unlike his more hawkish critics—and there were many—Reagan was always thoughtful and cautious.

But above all, he was strong. America must always be strong.

On foreign policy, Perry couldn’t be more stuck in the past, doubling down on formulas that haven’t worked, parroting rhetoric that doesn’t make sense and reinforcing petulant attitudes that have cost our nation a great deal.

If repeating the same mistakes over and over again is what Perry advocates in U.S. foreign policy, or any other policy, he really should run for president. In Washington, he’d fit right in, because leading Republicans and Democrats not only supported the Iraq war in the first place, but leaders of both parties campaigned on it in 2008.

Any future military action by the United States must always be based on an assessment of what has worked and what hasn’t. This basic, common sense precondition is something leaders in both parties have habitually failed to meet.

The governor of Texas insists on proving he’s no different.

Rand Paul represents Kentucky in the U.S. Senate.

ENERGY INDEPENDENCE – THE BIG LIE

 

 PRICE OF A BARREL OF OIL 1978 – $14.00

“We are the generation that will win the war on the energy problem and in that process, rebuild the unity and confidence of America.” – President Jimmy Carter, 1979

“We have it in our power to act right here, right now. I propose $6 billion in tax cuts and research and developments to encourage innovation, renewable energy, fuel-efficient cars, and energy-efficient homes.” – President Bill Clinton, 1998

“I think that in ten years, we can reduce our dependence so that we no longer have to import oil from the Middle East or Venezuela. I think that’s about a realistic time frame…That’s why I’ve focused on putting resources into solar, wind, biodiesel, geothermal. These have been priorities of mine since I got to the Senate, and it is absolutely critical that we develop a high fuel efficient car that’s built not in Japan and not in South Korea, but built here in the United States of America.” – President Barack Obama, 2008

“We don’t have to wait on OPEC anymore. We don’t have to let them hold us hostage. America’s got the energy. Let’s have American energy independence.”- Rick Perry, CNN Debate, October 18

“We must become independent from foreign sources of oil. This will mean a combination of efforts related to conservation and efficiency measures, developing alternative sources of energy like biodiesel, ethanol, nuclear, and coal gasification, and finding more domestic sources of oil such as in ANWR or the Outer Continental Shelf (OCS).” – Mitt Romney  

PRICE OF A BARREL OF BRENT OIL 2011 – $114.00

 

It is too bad that our 255 million cars can’t run on hot air. American presidents have propagated the Big Lie of energy independence for the last three decades. The Democrats have lied about green energy solutions and the Republicans have lied about domestic sources saving the day. These deceitful politicians put the country at risk as they misinform and mislead the non-thinking American public. They have been declaring our energy independence for 30 years, but we import three times as much oil today as we did in the early 1980’s. The CPI has gone up 350% since 1978, but the price of a barrel of oil has risen 800% over the same time frame. Today, I hear the same mindless fabrications from politicians and pundits about our ability to become energy independent. Any critical thinking analysis of the hard facts reveals that the United States will grow increasingly dependent upon other countries to supply our energy needs from a dwindling and harder to access supply of oil and natural gas. The fantasy world of plug in cars, corn driven vehicles and solar energy running our manufacturing plants is a castle in the sky flight of imagination. The linear thinking academic crowd believes a technological miracle will save us, when it is evident technology fails without infinite quantities of cheap oil.

I know the chart below requires some time to grasp, but I’m sure the average American can take five minutes away from watching Jersey Shore, Dancing with the Stars, or the latest update of the Kardashian saga to understand why the propaganda about energy independence is nothing but falsehoods. You have U.S. energy demand by sector on the right and the energy source by fuel on the left. Total U.S. energy use is nearly 100 quadrillion Btu. In physical energy terms, 1 quad represents 172 million barrels of oil (8 to 9 days of U.S. oil use), 50 million tons of coal (enough to generate about 2% of annual U.S. electricity use), or 1 trillion cubic feet of natural gas (about 4% of annual U.S. natural gas use).  

Please note that 37% of our energy source is petroleum, which supplies 95% of the energy for our transportation sector. That means your car and the millions of 18 wheelers that deliver your food to your grocery stores and electronic gadgets to your Best Buy. You can’t fill up your SUV with coal, natural gas, nuclear energy or sunshine. Without the 7 billion barrels of oil we use every year, our just in time mall centric suburban sprawl society would come to a grinding halt. There is no substitute for cheap plentiful oil anywhere in sight. The government sponsored ethanol boondoggle has already driven food prices higher, while requiring more energy to produce than it generates. Only a government “solution” could raise food prices, reduce gas mileage, and bankrupt hundreds of companies in an effort to reduce our dependence on oil. Natural gas as a transportation fuel supplies 2% of our needs. The cost to retro-fit 160,000 service stations across the country to supply natural gas as a fuel for the non-existent natural gas automobiles would be a fool’s errand and take at least a decade to implement.   

    

The green energy Nazis despise coal and nuclear power, which account for 31% of our energy supply. They want to phase coal out. They aren’t too fond of fracking either, so there goes another 23% of our supply. You might be able to make out that itsy bitsy green circle with the 7% of our supply from renewable energy. And more than half of that energy is supplied by hydro power. Less than 2% of our energy needs are met by solar and wind. For some perspective, we need to use the equivalent of 17 billion barrels of oil per year to run our society and solar and wind supplies the equivalent energy of about 300 million barrels of that total. I think our green energy dreams will come up just a smidgen short of meeting our demands. Nothing can replace oil as the lifeblood of our culture and there is no domestic supply source which will eliminate or even reduce our dependence upon the 10 million barrels per day we import from foreign countries. There are some hard truths that are purposefully ignored by those who want to mislead the public about the grim consequences of peak cheap oil:

  • The earth is finite. The amount of oil within the crust of the earth is finite. As we drain 32 billion barrels of oil from the earth every year, there is less remaining within the earth. We have drained the cheapest and easiest to reach 1.4 trillion barrels from the earth since the mid 1800s. The remaining recoverable 1.4 trillion barrels will be expensive and hard to reach.
  • The United States has about 2% of the world’s proven oil and gas reserves, but consumes 22% of the world’s oil production and 27% of the world’s natural gas production.
  • Demand for oil will continue to rise no matter what the United States does, as the developing world consumption far outstrips U.S. consumption. Oil is fungible and will be sold to the highest bidder.
  • The concept of energy returned on energy invested (EROEI) is beyond the grasp of politicians and drill, drill, drill pundits. EROEI is the ratio of the amount of usable energy acquired from a particular energy resource to the amount of energy expended to obtain that energy resource. When the EROEI of a resource is less than or equal to one, that energy source becomes an “energy sink”, and can no longer be used as a primary source of energy. Once it requires 1.1 barrels of oil to obtain a barrel of oil, the gig is up.
  • There is a negative feedback loop that revolves around oil supply, oil price and economic growth. As demand continues to rise and supply is more difficult to access, prices will rise. Since oil is an essential ingredient in every aspect of our lives, once the price reaches $120 to $150 a barrel economic growth goes into reverse. Demand crashes and investment in new sources of energy dries up. Rinse and repeat.

Finite World

World oil production peaked in 2005 has been flat since then, despite a continuous stream of promises from Saudi Arabia that they are on the verge of increasing production. The chart below from the U.S. Energy Information Administration propagates the standard fabrications about energy supplies. Even though worldwide oil production has clearly peaked, the oil industry PR whores and government agencies continue to project substantial production growth in the future. The mainstream media trots out Daniel Yergin whenever it wants to calm the masses, despite his track record of being 100% wrong 100% of the time. The brilliance of his July, 2005 Op-Ed shines through:

“Prices around $60 a barrel, driven by high demand growth, are fueling the fear of imminent shortage — that the world is going to begin running out of oil in five or 10 years. This shortage, it is argued, will be amplified by the substantial and growing demand from two giants: China and India. There will be a large, unprecedented buildup of oil supply in the next few years. Between 2004 and 2010, capacity to produce oil (not actual production) could grow by 16 million barrels a day — from 85 million barrels per day to 101 million barrels a day — a 20 percent increase. Such growth over the next few years would relieve the current pressure on supply and demand.”

Oil production capacity has not grown by one barrel since Yergin wrote this propaganda piece. This is despite the fact that prices have almost doubled, which should have spurred production. The current energy independence false storyline – the Bakken Formation – has gone from production of 10,000 barrels per day in 2003 to 400,000 barrels per day now, while the hundreds of millions invested in developing the Canadian tar sands have increased production by 50% since 2005. Despite these substantial increases in output, worldwide production has remained flat as existing wells deplete at the same rate that new production is brought online.

 

The facts are there is approximately 1.4 trillion barrels of recoverable oil left in the crust of the earth. We currently suck 32 billion barrels per year out of the earth. This means we have 44 years of oil left, at current consumption levels. But we know demand is growing from the developing world. Taking this fact into consideration, we have between 35 and 40 years worth of recoverable oil left on the planet. That is not a long time. Additionally, the last 1.4 trillion barrels will much more difficult and costly to extract than the first 1.4 trillion barrels. The remaining oil is miles under the ocean floor, trapped in shale and tar sands, and in the arctic. Despite these hard facts, governmental agencies and politicians continue to paint a rosy picture about our energy future. I watched in stunned amazement last week as five bozos on the McLaughlin Group news program unanimously proclaimed the U.S. would become a net exporter of oil in the coming decade. Do these supposedly intelligent people not understand the basic economics of supply, demand and price?  

It seems the governmental organizations always paint the future in the most optimistic terms, despite all facts pointing to a contrary outcome. The EIA predicts with a straight face that oil production will rise to 110 million barrels per day, while the price of a barrel of oil remains in the current $100 to $125 per barrel range. Non-OPEC production has been in decline since 2004, but the EIA miraculously predicts a 15% increase in production over the next 25 years. OPEC production has been flat since 2005, but the EIA is confident their 50 year old oil fields will ramp up production by 25% in the next 25 years. Does the EIA consider whether OPEC even wants to increase production? It would appear that constrained supply and higher prices would be quite beneficial to the OPEC countries. And then of course there is the unconventional oil that is supposed to increase from 4 million barrels per day to 13 million barrels per day, a mere 325% increase with no upward impact on prices. These guys would make a BLS government drone blush with the utter ridiculousness of their predictions.

 

The picture below is an excellent representation of how the easy to access oil and gas of the earth have been tapped. They were close to the surface. The remaining oil and gas is deeper and trapped within shale and sand. The new technology for extracting gas from shale has concerns regarding whether fracking and disposal of waste water can be done safely, especially near highly populated areas. The relationship between fracking and earthquakes could also prove to be problematic. The wells also have rapid decline rates. Add a mile of ocean to the picture below and you have some really expensive to access oil and potential for disaster, as witnessed with the Deep Water Horizon.

 

The EIA projects natural gas supply to grow by 10% between now and 2035 due to a 300% increase in shale gas supply. It seems the EIA believes the fantasy of 8 Saudi Arabia’s in the Bakken formation of North Dakota and decades of gas within the Marcellus Shale. These fantasies have been peddled by the natural gas industry in order to get support for their fracking efforts. This false storyline is damaging to the long-term planning that should be taking place now to alleviate the energy scarcity that is our future. In 2006 the EIA reported the possibility of 500 billion barrels of oil in the Bakken formation, based on guesswork. The U.S. Geological Survey has since scaled this back ever so slightly to 3.65 billion barrels, which is six months of U.S. consumption. The deceptions peddled regarding Marcellus shale are also colliding with reality. The U.S. Geological Survey recently produced an estimate of Marcellus Shale resources, which will cause the EIA to reduce its estimate of shale gas reserves for the Marcellus Shale by 80%. The price of natural gas is currently $3.54 MMBtu, down from $13 a few years ago. Extracting natural gas from shale has high capital costs of land, drilling and completion. It is not economically feasible below $6 MMBtu.

 

Based on the known facts and a realistic view of the future, there will be less supply of oil and natural gas as time goes on. We can already see the impact of these facts today. Even though Europe and the U.S. are in recession, the price of oil continues to rise. The developing world continues to demand more oil and the supply is stagnant. Stunts like withdrawing oil from the Strategic Reserve are foolish and politically motivated. Is the world then running out of oil then? No, but any increase in future global oil production will be modestly incremental and production could be thrown off course by any number of possible events, from an Israeli attack on Iran to (another, but successful this time) al Qaida attack on Saudi Arabia’s Abqaiq oil refinery. Any forecast regarding future oil production and prices isn’t worth the paper it is written on unless consideration to wars, revolutions and terrorism are factored into the equation.

We Don’t Matter

Americans like to think we are the center of the universe. Those who propagate the misinformation about U.S. energy independence are clearly math challenged. The total proven oil reserves in the world total 1.4 trillion barrels and the United States has 22 billion barrels of that total, or 1.6% of the world’s oil. The U.S. burns 7 billion barrels per year, so we have enough oil to survive for three whole years. The U.S. consumes 22% of the world’s oil despite having 4.5% of the world’s population and less than 2% of the world’s oil. Do these facts lead you to the conclusion the United States will be exporting oil in the near future?

 

When you hear the pundits breathtakingly describe our vast natural gas resources you would think we are the dominant player in this market. Not quite. The United States has 4% of the world’s natural gas reserves. Predictably we consume 22% of the world’s natural gas. Russia controls 25% of the world’s natural gas reserves, with the Middle East countries controlling 40% of the world’s reserves. The pundits can hype our “vast” supplies of natural gas, but the facts clearly reveal it is nothing but hype.

  

The U.S. is consuming less oil than it was in 2005. U.S. consumption is not the crucial factor in determining the price of oil today and our consumption will matter even less in the future. Emerging market countries, led by China and India, will be the driving force in oil demand in the coming decades. According to the IEA, “Non-OECD [emerging markets] account for 90% of population growth, 70% of the increase in economic output and 90% of energy demand growth over the period from 2010 to 2035.”

 

This demand is being driven by the growth in vehicles in emerging markets. The U.S. market has reached a saturation point, but China, India and the rest of the world are just beginning their love affairs with the automobile. The accumulation of facts regarding both supply and demand should even convince the most brainless CNBC talking head that the price of oil will continue to rise. The 2008 peak price of $145 per barrel will not hold. The tried and true American method of ignoring problems until they reach crisis proportions will bite us in the ass once again.

 

Slippery Road Ahead

The concept of EROI is incomprehensible to the peak oil deniers. When Larry Kudlow or one of the other drill, drill, drill morons proclaims the vast amount of oil in North Dakota shale and in Alberta, Canada tar sands, they completely ignore the concept of EROI. Some estimates conclude there are 5 trillion barrels of oil left in the earth. But, only 1.4 trillion barrels are considered recoverable. This is because the other 3.6 trillion barrels would require the expenditure of more energy to retrieve than they can deliver. Therefore, it is not practical to extract. When oil was originally discovered, it took on average one barrel of oil to find, extract, and process about 100 barrels of oil. That ratio has declined steadily over the last century to about three barrels gained for one barrel used up in the U.S. and about ten for one in Saudi Arabia.

The chart below clearly shows the sources of energy which have the highest energy return for energy invested. I don’t think I’ve heard Obama or the Republican candidates calling for a national investment in hydro-power even though it is hugely efficient. The dreams of the green energy crowd are shattered by the fact that biodiesel, ethanol and solar require as much energy to create as they produce. Tar sands and shale oil aren’t much more energy efficient. It’s too bad Obama and his minions hate dirty coal, because has the best return on energy invested among all the practical sources.   

 File:EROI - Ratio of Energy Returned on Energy Invested - USA.svg

Worse than the peak oil deniers are those who pretend that oil isn’t really that important to our society. They declare that technology will save the day, when in reality technology can’t function without oil. Without plentiful cheap oil our technologically driven civilization crashes. We are addicted to oil. Americans consume petroleum products at a rate of three-and-a-half gallons of oil and more than 250 cubic feet of natural gas per day each.  You might be interested in a partial list of products that require petroleum to be produced.

Solvents Diesel fuel Motor Oil Bearing Grease
Ink Floor Wax Ballpoint Pens Football Cleats
Upholstery Sweaters Boats Insecticides
Bicycle Tires Sports Car Bodies Nail Polish Fishing lures
Dresses Tires Golf Bags Perfumes
Cassettes Dishwasher parts Tool Boxes Shoe Polish
Motorcycle Helmet Caulking Petroleum Jelly Transparent Tape
CD Player Faucet Washers Antiseptics Clothesline
Curtains Food Preservatives Basketballs Soap
Vitamin Capsules Antihistamines Purses Shoes
Dashboards Cortisone Deodorant Footballs
Putty Dyes Panty Hose Refrigerant
Percolators Life Jackets Rubbing Alcohol Linings
Skis TV Cabinets Shag Rugs Electrician’s Tape
Tool Racks Car Battery Cases Epoxy Paint
Mops Slacks Insect Repellent Oil Filters
Umbrellas Yarn Fertilizers Hair Coloring
Roofing Toilet Seats Fishing Rods Lipstick
Denture Adhesive Linoleum Ice Cube Trays Synthetic Rubber
Speakers Plastic Wood Electric Blankets Glycerin
Tennis Rackets Rubber Cement Fishing Boots Dice
Nylon Rope Candles Trash Bags House Paint
Water Pipes Hand Lotion Roller Skates Surf Boards
Shampoo Wheels Paint Rollers Shower Curtains
Guitar Strings Luggage Aspirin Safety Glasses
Antifreeze Football Helmets Awnings Eyeglasses
Clothes Toothbrushes Ice Chests Footballs
Combs CD’s & DVD’s Paint Brushes Detergents
Vaporizers Balloons Sun Glasses Tents
Heart Valves Crayons Parachutes Telephones
Enamel Pillows Dishes Cameras
Anesthetics Artificial Turf Artificial limbs Bandages
Dentures Model Cars Folding Doors Hair Curlers
Cold cream Movie film Soft Contact lenses Drinking Cups
Fan Belts Car Enamel Shaving Cream Ammonia
Refrigerators Golf Balls Toothpaste Gasoline

 

The propaganda blared at the impressionable willfully ignorant American public has worked wonders. The vast majority of Americans have no clue they have entered a world of energy scarcity, a world where the average person is poorer and barely able to afford the basic necessities of life. This is borne out in the vehicles sales statistics reported every month. There have been 10.5 million passenger vehicles sold through the first 10 months of 2011. In addition to the fact they are “purchased” using 95% debt and financed over seven years, the vast majority are low mileage vehicles getting less than 20 mpg. Only 1.8 million small energy efficient vehicles have been sold versus 6.1 million SUVs, pickup trucks and large luxury automobiles. Americans have the freedom to buy any vehicle they choose. They also have the freedom to not think and ignore the facts about the certainty of higher prices at the pump. By choosing a 20 mpg vehicle over a 40 mpg vehicle, they’ve sealed their fate. How could the average soccer mom get by without a Yukon or Excursion to shuttle Biff and Buffy to their games? Have you ever tried to navigate a soccer field parking lot in a hybrid? The horror!

The American public has been lulled back into a sense of security as gas prices have receded from $4.00 a gallon back to $3.40 a gallon. This lull will be short lived. Oil prices have surged by 15% in the last two months, even as the world economy heads into recession. The link between high oil prices and economic growth are undeniable, even though the deceitful pundits on CNBC will tell you otherwise. Ten out of eleven recessions since World War II were associated with oil price spikes. Gail Tverberg sums up the dilemma of energy scarcity for the average American:

“High-priced oil tends to choke economies because high oil prices are associated with high food prices (because oil products are used in food growing and transport), and people’s salaries do not rise to offset this rise in food and oil prices. People have to eat and to commute to their jobs, so they cut back on other expenditures. This leads to recession. Recession leads to lower oil consumption, since people without jobs can’t buy very much of anything, oil products included. In some sense, the reduction in oil extraction is due to reduced demand, because citizens cannot afford the high-priced oil that is available.”

But don’t worry. The rising oil and food prices will only impact the 99% in the U.S. and the poorest dregs across the globe that spend 70% of their income on food. The 1% will be just fine as they will bet on higher oil prices, therefore further enriching themselves while the peasants starve. The market for caviar, champagne, NYC penthouses, and summer mansions in the Hamptons will remain robust.

There is no escape from the ravages of higher priced oil. There is plenty of oil left in the ground. But, the remaining oil is difficult, slow and expensive to extract. Oil prices will rise because they have to. Without higher prices, who would make the huge capital investment required to extract the remaining oil? Once oil prices reach the $120 to $150 per barrel range our economy chokes and heads into recession. We are trapped in an endless feedback loop of doom. The false storyline of renewable energy saving the day is put to rest by Gail Tverberg:

“Renewables such as wind, solar PV, cellulosic ethanol, and biogas could more accurately be called “fossil fuel extenders” because they cannot exist apart from fossil fuels. Fossil fuels are required to make wind turbines and other devices, to transport the equipment, to make needed repairs, and to maintain the transport and electrical systems used by these fuels (such as maintaining transmission lines, running-back up power plants, and paving roads). If we lose fossil fuels, we can expect to lose the use of renewables, with a few exceptions, such as trees cut down locally, and burned for heat, and solar thermal used to heat hot water in containers on roofs.”

Predictably, the politicians and intellectual elite do the exact opposite of what needs to be done. We need to prepare our society to become more local. Without cheap plentiful oil our transportation system breaks down. Our 3.9 million miles of road networks will become a monument to stupidity as Obama and Congress want to spend hundreds of billions on road infrastructure that will slowly become obsolete. The crumbling infrastructure is already the result of government failure, as the money that should have been spent maintaining our roads, bridges and water systems was spent on train museums, turtle crossings, teaching South African men how to wash their genitalia, studies on the mating habits of ferrets, and thousands of other worthless Keynesian pork programs. If our society acted in a far sighted manner, we would be creating communities that could sustain themselves with local produce, local merchants, bike paths, walkable destinations, local light rail commuting, and local energy sources. The most logical energy source for the U.S. in an oil scarce scenario is electricity, since we have a substantial supply of coal and natural gas for the foreseeable future and the ability to build small nuclear power plants. The Fukushima disaster is likely to kill nuclear as an option until it is too late. The electrical grid should be the number one priority of our leaders, as it would be our only hope in an oil scarce world. Instead, our leaders will plow borrowed money into ethanol, solar, and shale oil drilling, guaranteeing a disastrous scenario for our country.

The United States is a country built upon the four C’s: Crude, Cars, Credit, and Consumption. They are intertwined and can’t exist without crude as the crucial ingredient. As the amount of crude available declines and the price rises, the other three C’s will breakdown. Our warped consumer driven economy collapses without the input of cheap plentiful oil. Those at the top levels of government realize this fact. It is not a coincidence that the War on Terror is the current cover story to keep our troops in the Middle East. It is not a coincidence the uncooperative rulers (Hussein, Gaddafi) of the countries with the 5th and 9th largest oil reserves on the planet have been dispatched. It is not a coincidence the saber rattling grows louder regarding the Iranian regime, as they sit atop 155 billion barrels of oil, the 4th largest reserves in the world. It should also be noted the troops leaving Iraq immediately began occupying Kuwait, owner of the 6th largest oil reserves on the planet. Oil under the South China Sea and in the arctic is being hotly pursued by the major world players. China and Russia are supporting Iran in their showdown with Israel and the U.S. As the world depletes the remaining oil, conflict and war are inevitable. The term Energy Independence will carry a different meaning than the one spouted by mindless politicians as the oil runs low.

And as things fell apart
Nobody paid much attention

Nothing but Flowers – The Talking Heads 

RICK PERRY – CHINA’S CHOICE?

I think Farrell is a little too believing in this piece. Anyone can extrapolate today’s numbers 30 years into the future and arrive at an answer that looks like China will dominate the world. Anyone who extrapolated the Japanese “miracle” economy in 1988 twenty three years into the future would have come up with a far different result than the economic disaster that is Japan today. Extrapolation is for fools. Farrell completely ignores Peak Oil and China’s demographic nightmare caused by their one child policy.

If the European and American economies continue on a downward trajectory, who does Farrell think China is going to sell their shit to? This is really a thoughtless cheerleading piece devoid of the harsh realities facing the world. Rick Perry may be a dumbass, but he is a dangerous dumbass. He will likely lead the US into a Fourth Turning war. If the war is against China, don’t expect a positive result for either country. If China really wants Perry to win, they may be sorry for what they wish for.

Why China would love ‘President Rick Perry’

Commentary: China wins economically with an ‘inconsequential’ America

By Paul B. Farrell, MarketWatch

SAN LUIS OBISPO, Calif. (MarketWatch) — China must be secretly rooting for a guy like Rick Perry as the next U.S. president. They’d love competing against an America led by another Texas governor who talks from a big hat, loves war spending and tea parties, thinks the Fed chairman is acting “treasonous,” believes Social Security is a “Ponzi scheme” and admits he’s an antiscience, antievolution, anti-intellectual who will turn back the clock to the 19th century frontier Wild West.

Yes, China’s rooting for a guy who will not only make Washington “inconsequential” for all Americans, he’ll make America “inconsequential” in a world where China knows that its competitive edge and economic growth all hinge on investing in science, innovation and intellectuals with a vision of the future.

You can bet China’s leaders are cheering for a president who’ll stall the American economy even further while China races ahead of us in the global economic war. China would probably settle for the other leading GOP candidate, that ex-governor whose values shift with the latest polls and Tea Party questions … whatever happened to the GOP’s Bill Buckley soul?

China’s commie-capitalism beating GOP’s Reaganomics since 2000

Adam Smith’s original 1776 capitalism made America the world’s greatest superpower. We’ve lost that too. So America’s now in a handicap race with China, and losing. Why?

In just the past decade China’s state-run hybrid commie-capitalism has beaten the American economy, going from a “poor country” to racing ahead to global economic dominance. Unfortunately, our politicians just don’t get it. They’re like high school teens fighting a turf war who can’t see the building’s burning down.

In his “Triumph of Politics Over Economics,” Reagan’s budget director David Stockman warns: “America’s at a crossroads struggling to redefine ourselves, at a time when even Reagan couldn’t win the GOP nomination. Why? Because myopic politicians have hijacked the economy. Politicians are the new economists. Politicians now run the economy, puppets of the Super Rich and special-interest lobbyists.”

Stockman calls this corrupt system Crony Capitalism. We call it Reaganomics and Doomsday Capitalism, a sellf-destructive ideology that works to China’s advantage.

Here are 11 reasons China’s leaders would love an inconsequential president making America inconsequential in China’s march to economic world domination:

1. China’s economy: $123 trillion, 3 times America’s by 2040

In an eye-opening Foreign Policy cover story last year titled “$123,000,000,000,000: Why China’s economy will grow to $123 trillion by 2040,” Nobel economist Robert W. Fogel of the University of Chicago writes about China’s unbelievable leap forward. Back in 2000, just one decade ago, China was a “poor country” when the GOP and its “war president” took over control of America, announcing that “debt doesn’t matter.”

Yes, by 2040 “the Chinese economy will reach $123 trillion, or nearly three times the economic output of the entire globe in 2000. China’s per capita income will hit $85,000, more than double the forecast for the European Union … much higher than that of India and Japan … the average Chinese megacity dweller will be living twice as well as the average Frenchman … Although it will not have overtaken the United States in per capita wealth … China’s share of global GDP— 40% — will dwarf that of the United States (14%) and the EU (5%) 30 years from now,” one brief generation.

2. China’s political system is more capitalist than America’s

“The Chinese political system is likely not what you think,” says Fogel, “Most economic reforms, including the most successful ones, have been locally driven and overseen.” Today there’s “more criticism and debate in upper echelons of policymaking.”

Fogel attends meetings of the Chinese Economists Society. Many economists are openly “critical of the Chinese government,” will even “point out that the latest decision by the finance ministry is flawed … even publish a critical letter in a Beijing newspaper.”

3. China is rapidly turning into a capitalist consumer economy

Yes, “China’s long-repressed consumerist tendencies” are exploding,” says Fogel: “In many ways, China is the most capitalist country in the world right now.”

Get it? While we borrow from China then waste money fighting wars, while Wall Street and the Super Rich are amassing wealth in the hands of the top 1%, “in the big Chinese cities, living standards and per capita income are at the level of countries the World Bank would deem ‘high middle-income,’ with a clear, growing affinity for acquiring clothes, electronics, fast food, automobiles.”

Why? Because China’s leaders “made the judgment that increasing domestic consumption will be critical to China’s economy, and a host of domestic policies now aim to increase Chinese consumers’ appetite for acquisitions.”

4. China’s massive investments in education, ahead of America

China’s making “enormous investments” in education, says Fogel. They know “educated workers are much more productive workers. … college-educated workers are three times as productive … a high school graduate is 1.8 times as productive as a worker with less than a ninth-grade education.”

In the next generation China’s high school enrollment rate could reach 100%, the college rate about 50%, adding “more than 6 percentage points to the country’s annual economic growth rate.” Meanwhile, America runs up massive debts wasting trillions on wars, shortchanging education.

5: China’s locking up global resources, using U.S. dollar reserves

The title of a Malcolm Knox feature in BusinessWeek says it all: “The deal is simple. Australia gets money. China gets Australia.” Wake up America: While our clueless myopic politicians are fighting self-destructive election turf wars, China is using its reserves (U.S. dollars!) to buy rights to Australia’s commodities and natural resources, giving China long-term access to natural gas, minerals, iron ore.

And that’s just one continent: China’s quietly buying up future rights to commodity-resources worldwide.

6. China’s rural economy of 700 million adding to growth rate

Go beyond the Shanghai high-rises and Guangdong factories,” says Fogel. You’ll see “changes afoot in the Chinese countryside … an under-appreciated economic engine.”

From 1978 to 2003 China’s labor productivity averaged about 6%. In the future, productivity will also increase in rural areas, for about 700 million or half of China. “That large rural sector is responsible for about a third of Chinese economic growth today” and will explode as a new generation adds another hundred million.

7. China’s government statistics underreporting progress

Don’t be misled by reports that “Chinese data are flawed or deliberately inflated in key ways,” says Fogel. Just the opposite: Their “statisticians may well be underestimating economic progress … Small firms often don’t report their numbers to the government.”

And as in America, “official estimates of GDP badly underestimate national growth” because they don’t “take into account improvements in services such as education and health care.” In short, “the rapid growth of China’s service sector makes the underestimation more pronounced.”

8: Yes, China does have a long-range plan to conquer America

China is America’s worst nightmare, engaged in economic warfare against us on multiple fronts: Stealing millions of jobs, stealing U.S. state secrets, stealing proprietary patents, stealing technology, stealing our wealth. China has also forged strategic alliances with our enemies, Iran, Venezuela and North Korea. China is engaged in a not-so-secret cyber-war against America.

Ross Terrill, a China expert at Harvard, wrote in the Wilson Quarterly: “The Chinese Communists are very aware of this contest with the United States, though Americans (beyond the Pentagon) are not.” Terrill warns: “By being a shrinking violet, the United States would simply hand over the future to China.”

9: China’s aware of Pentagon strategies, is one-upping generals

You know China’s generals have copies of the Pentagon’s strategic war manual. New York Times columnist Paul Krugman warns of China’s long-range plans beyond waging “economic warfare” and tying up long-term natural resources.

Krugman says China’s actions tell us they’re planning long-term military strategies as well as economic war. He warns that in the near future, some seemly inconsequential incident may provoke “dangerously trigger-happy” Chinese leaders into escalating from defensive military strategies to a preemptive strike to advance China’s economic power.

10. The “Goldman Conspiracy” is helping China sabotage America

Li Delin’s “The Goldman Sachs Conspiracy” was a best seller in China. His Chinese readers love his vivid description: “Goldman Sachs knows when to go for your neck” like a “Manchurian tiger.”

Actually China’s playing a clever game: As author Matt Taibbi might say, China is now a “vampire squid wrapped around the face of Goldman, relentlessly jamming its blood funnel into Goldman’s capital, talent and connections.” Eventually China will suck the life out of Goldman.

11. By 2040 China will be the world’s biggest superpower (again)

“To the West, the notion of a world in which the center of global economic gravity lies in Asia may seem unimaginable,” says Fogel. “But it wouldn’t be the first time. … China was the world’s largest economy for 18 of the past 20 centuries. … While Europe was fumbling in the Dark Ages and fighting disastrous religious wars, China cultivated the highest standards of living in the world. Today, the notion of a rising China is, in Chinese eyes, merely a return to the status quo.”

And thanks to guys like Mitch McConnell, Paul Ryan, Rick Perry, Barack Obama, the Goldman Conspiracy and buddies, China is destined to once again become the world’s superpower by 2040, when China’s economy is three times bigger than America’s.

I SURVIVED THE 9/12 TERRORIST ATTACKS. DID YOU?

Once Janet Nepalatano, the Queen of DHS, announced a credible terrorist threat, I knew I had to jump into action. The threat level was clearly elevated. We had reached Elmo Red threat level.

And then when our resident TBP terrorist threat analyst declared unequivically that September 12th would be the day of a devastating terrorist attack on our country, I was sure I had to make a run for it. You had to take this guy seriously. He’s a Boomer and has never been wrong in his entire life.

I was sure there were hundreds of suitcase nukes planted all over the country. I envisioned mushroom clouds across the land. The horror!!!

So, I jumped in my car and high tailed it to my Wildwood condo last night after work.

I had thought this through. Muslims hate water. They also would be kept away by the chocolate covered bacon sold on the boardwalk. Plus, think of the bad publicity they would get if they blew up my Section 8 black neighbors. My plan was foolproof.

I didn’t really go down to my condo to clean it before my next tenant goes in. I wasn’t down on my hands and knees in the bathroom cleaning pubic hairs off the floor, I was cowering in fear from the Muslim menace that lurks behind every bush.

It was a fearful evening, as our TBP analyst was sure of the imminent attack. But, then the clock ticked 8:00 pm and all was well. The GOP Presidential Debate came on CNN and all my fear and worry dissipated. What a fine group of patriots. And the Tea Party crowd at the debate was wonderful. They must have all had Mensa level IQs. Our country is in great hands with these men and women at the helm.

I think a ticket of Gingrich/Santorum would do wonders for our country. Behind the mantle of Jesus Christ and American Exceptionalism, this tandem would put an end to this pussy footing around and take out Iran, North Korea, Syria and any other ragheads that act up. Newt rightfully pointed out that tripling war spending in the last ten years is disgraceful. We should have quintupled it. Think of the jobs. The deficits wouldn’t exist because we could have plundered the riches of all the countries we would have invaded. With Jesus on our side any torture or collateral damage caused by our drones and cruise missiles is justified.

I can’t understand how Santorum lost his PA Senate seat by 16%. Maybe it is the foaming at the mouth issue he has when he addresses Ron Paul.

It is shocking to me that if you add up Gingrich’s and Santorum’s support in the polls, you get a number lower than a snake’s ass. The Fox News Tea Party is out for blood. They are itching for a good old fashion Christian/Muslim Armageddon showdown. But don’t cut their Medicare or Social Security.

Rick Perry was under blistering attack during the debate. In my opinion, he deflected it pretty well. He has essentially stolen most of Ron Paul’s hot button issues. He has called Bernanke treasonous, declared he is for sound money, called Social Security a ponzi scheme, and actually said we need to bring the troops home from Afghanistan. His low taxes, more jobs Texas story is connecting with the Republican base. He has somehow been able to hide his religious fundamentalist extremism, just as GWB did in 2000.

Southerners will never get behind Romney. He is considered a smooth talking Yankee Mormon. Perry will win the Republican nomination.

There are only a few states actually in play in the general election. Nevada, Florida, and Ohio have some of the worst economic problems in the country. People vote their pocketbook. If two of these states go Perry’s way, he wins in 2012. I expect the economic situation to worsen across the board between now and November 2012. Perry may win in a landslide. The Grey Champion of the Fourth Turning has arrived on stage.

When I departed Wildwood this morning at 5:45 am for my almost two hour trek to work, I turned on the radio to listen to the reports of the terrorist attacks. I was SHOCKED to hear that none had taken place. I’m sure we owe it to the 50,000 noble warriors at DHS that foiled the Muslim terrorists. Remember, turn in anyone that doesn’t look like you. It’s the American way.