As we creep closer to the end of the year, newspapers and newsmagazines will begin to tell us what kind of year we just went through...and worst of all, they'll try to tell us what it all means.
Since I hold the same degree (a bachelor's in journalism) as these other scribes, I thought I would try to share my analysis a week or two earlier. Who knows maybe some of them may accidentally agree with me in their analysis as well.
First of all, I would sum up the year like this -- it was a year of irony. I mean where else can we go from $4 a gallon gas in July (which many of us thought might reach $5 a gallon) only to see the price of gas dip to below $2 for the first time in years. Currently, I'm paying about $1.70 a gallon, but I've paid as little as $1.46 a gallon in Fargo last week.
So what brought about this miraculous change? What is it the do-nothing Congress run by Harry Reid and Nancy Pelosi? No, it was simple market forces. The price of gas got too high and people quit driving, which led to a surplus. And even though the price has fallen, people still aren't driving because the economy has tanked. It also seems like a lot of people have given up on SUVs, as the prices are ridiculously low compared to even a year ago. But who has the money to buy one?
What else did we see this year that smacks of irony? Well, we elected a new president who promises lots of new government to fix our ills...but actually it was the government that caused a lot of the ills in the first place -- such as the subprime loan rate for people who really never should have been approved for a home loan in the first place.
It's also ironic that the new president who trumpeted "change" is willing to appoint so many former Clinton Administration leftovers to his cabinet. Maybe the 1990s is the new 2009 -- to paraphrase a tired and worn out cliche. Or as former New York Yankees catcher Yogi Berra probably never said, "I think I've seen this movie before...and I didn't like the way it ended."
One of the "fixes" promised by the new president is a tax on carbon dioxide emissions (it's called cap and trade - but if it quacks like a duck, then its a tax) to reduce greenhouse gases by 80 percent by 2050. This is the new "let's give everybody a chance to buy a home" chant by the Washington elite.
While it sounds good, the pain will be unbearable. Carbon-based fossil fuels account for nearly 100 percent of transportation fleet (read: cars, trucks and airplanes) and about 50 percent of our electricity is from coal. These fuels are the cheapest to use and our country needs cheap energy. We know our salaries and benefit packages aren't competitive with people in India and China, so our ace in the hole has been cheap energy. Take that away and we'll really see the bottom fall out of the economy.
This, too, is ironic. Because it won't be bullets that destroyed our country like the people of my Dad's generation thought...it will simply be misguided but "sounds too good to be true" public policies by people we elected.
It's also ironic that my state is freezing, New Orleans and Las Vegas have both recently gotten snows, and still the environmental activists tell us that it is absolutely critical that we do something about global warming or else the world will go past the "tipping" point. We've now heard that cry for 30 years. If anything, the hollering is more shrill. But frankly, I don't buy it. The world is much the same as it's always been. There has always been droughts, famines and climate change. However, the world has more people now that it ever has and only through the use of fossil-fuels are we able to sustain this much population.
Sure, I'm all for finding ways of making energy that are more sustainable than coal and oil, but until we get there, we better use these fossil fuels as a bridge to the future. Otherwise, it will be a cold world....especially in North Dakota in the winter.
Oh, by the way, TIME magazine's man of the year will be B.O. And if he doesn't deliver the goods in about 90 days in office, he will likely be goat of the year in 2009. Remember, America has now raised an entire generation on Sesame Street so our attention span is now only about a minute long. Be assured we won't have much patience with someone who promised a lot and delivered so little. The clock is already ticking.
This is not to say that I don't wish him all the luck in the world. Believe me, I fully understand what a terrible mess we are in. And with Democrats controlling the White House, the Senate and the House...the table has been set. However, irony has a way of interrupting even the best laid plans. So grab a chair, pop some corn and watch the evening news -- it looks like it will be quite a show. And before you go to bed, pray for these leaders. Pray that they have some common sense and if they have some, that they use it. No use in saving their common sense for a rainy day because it looks like we're having a downpour as we transition from Bush II to Clinton III.
How ironic.
Recipe - Aunt May's Famous Wheatcakes
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Now Playing - Forever Young by Alphaville RECIPE: MAY PARKER'S FAMOUS
WHEATCAKES Originally made by my pal Pete's Aunt May, these wheatcakes are
a great...
10 years ago
5 comments:
Hi Uncle Steve, Merry Chrismas!! It sounds like your side lost the election.I see the sun starting to break through the clouds of deception and division.I hope our country becomes united again in whatever the future brings.The great irony of 2008 was the affection shown in Iraq,by the Iraqy people,when their Hero showed up.A person who spent life and limb,and billions of dollars was treated to such warm reception.Almost like flowers and dancing in the streets!That warm-fuzzy feeling in Iraq alone could cause the ice caps to melt.I'm no scholar,but Russia went broke a few years back due to fighting an extended war in Afganistan.I can't help but think alot of our trouble is because of war.Our God is a God of Love."Love one another"and "Thou salt not kill",still matter.And my last thought,Bill O'Reilly as man of the year,who would have thunk it.:)
Ar Vee - thanks for your holiday greetings. I hope its noticed that TIME followed my early morning prediction by naming Barack Obama as their man of the year -- easy guess on my part as he had already been on their cover six times this year. It helps your campaigning when your friends by their ink by the barrel. But you are wrong in saying "my side" lost the election. "My side" didn't even run. My choice was Twiddle Dee or Twiddle Dum. Also, while we might feel some empathy for the man with no shoes, it's not the war in Iraq that created the financial meltdown in the United States. It was the 50 percent default rate on subprime loans that cost our economy more than a trillion dollars and spelled the end to credit and equity markets needed for the economy to expand. As the Little League coaches tell their players, keep your eye on the ball or you might just get hit. And as FDR once said, "I hate war, Eleanor hates war. We all hate war." But he wasn't above asking Congress to declare war. As Grandpa would say, "If it weren't for the million or so young men willing to put their lives on the line, we might all be speaking German right about now."
WOW, I didn't realize how much we think alike. I agree with everything you said. I would also add that there were people, our current pres included, that questioned the operation of Fannie and Freddie but the Dem controlled congress insisted that all was OK. But now we know " The Rest of the Story".
The most recent issue of the Dakota Beacon gave a very interesting timeline, one that refutes any claim that this wasn't the result of the CRA and other reckless lending policies in the name of political correctness.
So much for campaign promises...do you remember last spring when candidate B.O. said he would support a windfall's profit tax on Big Oil so he could raise money to to help out the little people? His minions are now saying that with oil below $80 a barrel -- actually right now it's way below -- that there's no windfall to tax. Just as well, when President Carter -- remember American hostages in Iran, 20 percent interest rates and double digit inflation -- instituted a windfalls profit tax in 1980, the result was 80 percent less revenue than predicted and the discouragement of domestic drilling and greater reliance on foreign oil. Can't say I'm disappointed in the change of heart on a windfall profits tax on Big Oil -- which of course would simply be passed onto the little people anyway. Corporations don't pay taxes, customers do.
Also, thanks to all the commenters, whether you agree or disagree with my original posting. As the old axiom goes, a little sandpaper makes the board smooth.
One more comment, if you have something from another site that you would like us to read, give us the web address or hyperlink if you can.
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