Fracking Versus The Planned Economy

https://grantcoulson.files.wordpress.com/2014/04/incentiveseverywherepicturecorrect1.jpg?w=444&h=288

    Do not think about, write about or deal with  human behavior without determining the effects of incentives.

   I say goodbye to James Garner, Bret Maverick, Jim Rockford and dozens of other entertaining characters. Remembering Saturday night and the Mavericks, Have Gun, Will Travel and Gunsmoke..

    If we didn’t have the intervention of the Elitists, those who know what’s best for us benighted proles, the Elitists who “invest” heavily in “green energy,” the free market would ensure that, “bad energy out, good energy in” would prevail. We have the nonsense that “investment” in socialist correct energy would create millions of jobs in the “new economy.” As usual, this rush to create jobs has destroyed them while, the natural, organic action of the free market, in this case, fracking, has done what the Central Planners couldn’t.

One Year of Fracking in CO, Creates More Jobs than Obama’s Entire Economy Has for Millennials
Katie Kieffer

Fracking in the state of Colorado during the year 2012 created 111,000 jobs whereas Barack Obama’s entire economy has only generated 110,000 jobs for Millennials since 2007.

<snip>

So, what could we do to get our economy back on track? Frack, baby frack!

Last week, TIME Magazine reported: “Fracking generated $29.5 billion in economic activity in Colorado in 2012, creating 111,000 direct jobs with an average wage of $74,811, according to the Colorado Petroleum Association.” One month earlier, TIME reported: “Since 2007, there’s been a net increase of only 110,000 jobs held by workers between the ages of 22 and 34, making millennial unemployment nearly flat for the past six years.”

Perhaps if the President weren’t so busy fundraising in Colorado and playing pool with Democratic Colorado Governor John Hickenlooper, he could see beyond the 8-ball. After Obama beat the governor at pool earlier this month, Hickenlooper told the press that Obama won because: “he’s obviously got a remarkable focus” and that “when he focused, he was really good.”

Great news! Obama is “really good” when he’s focused! The only problem is that Obama appears to be focused on the wrong things. Such as winning pool games. Or lavishing $250 – $1,000 of taxpayer money on each illegal immigrant minor a day, while neglecting to lower taxes or reduce regulations so that legal American children can dig themselves out of poverty, unemployment and homelessness.

In June, 15.2 percent of Millennials were unemployed according to Generation Opportunity. Over a third of Millennials were “homeless” during the Obama years—living at home with their parents or grandparents against their will. Finally, Millennials are struggling under the weight of historic levels of student loan debt and rising healthcare insurance premiums at a time when good jobs are scarce.

Back in the summer of 2010, President Obama and Vice President Biden were declaring it to be “recovery summer.” Well, here we are in the summer of 2014 and the recovery is yet to be seen.

We can recover this economy, but it will take individuals demanding free market solutions. Let’s audit the Federal Reserve. Let’s lower the corporate income tax rate to the lowest, not the highest, in the world. Let’s each opt out of Obamacare as I explain how to do in my new book titled, “Let Me Be Clear.” And, above all, lets frack.

<end>

     As Thomas Sowell has said, and I paraphrase, “The government needs brilliant intellectuals so that it can provide convincing rationalizations for its continued failure.” We need Paul Krugman to tell us we’re really much better off than we are.

Government Job or Respect–Which’ll It Be?
Cheerio and ttfn,
Grant Coulson, Ph.D.
Author, “Days of Songs and Mirrors: A Jacobite in the ‘45.”
Cui Bono–Cherchez les Contingencies

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: