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If Reagan can do it, why not Obama?
One’s economic right could go so wrong…
For several weeks I’ve been writing about the need for the government’s financial stimulus efforts to be supplemented by efforts to instill some degree of confidence in severely depressed consumers and investors.
I was thinking in terms of President Reagan’s strategy upon inheriting the similar economic collapse of the 1970’s. He provided financial stimulus, including huge increases in defense spending, some of it wasted, such as launching the costly but never completed ‘Star Wars’ anti-missile system, etc., but created jobs. He augmented the spending with upbeat assurances about the greatness of America, and…
The Energy President
Electing Our Next Energy System
In the world of energy and scarcity, the name of the next president will matter to us quite a bit. “People are policy,†as Ronald Reagan used to say.
But then again, a lot of energy and scarcity facts defy party labels. The energy resources are out there.
They are what they are and where they are. We can exploit the resources or not. But it’s not like in Star Trek. There’s no “dilithium†power source out there to keep the economy running.
So for the next president and his administration, it’s a question of doing something. The U.S.…
10Sep2008 | The Penny Sleuth | Comments Off | ContinuedInvesting in Microturbines
On-Site and Self-Contained Electricity
Imagine a municipal bus that’s powered by an electric motor, crawling along the crowded streets of Beijing. What does this bus have in common with the Ronald Reagan Presidential Library in Simi Valley, California?
Or imagine offshore oil production platforms in the Gulf of Alaska or the North Sea. What do these offshore platforms have in common with a luxury ski resort near St. Petersburg, Russia?
When you first think of it, there’s not much commonality between a city bus in China and a large presidential library in the U.S. And how do you begin to compare an austere…
27Aug2008 | The Penny Sleuth | Comments Off | ContinuedGod, Guns and Gold
Give capitalism a chance…
Last night, we attended a birthday party for our old friend, Lord Rees-Mogg. Tout London was there – Maggie Thatcher and David Cameron, for example.
We had heard that Mrs. Thatcher had been unwell; but she looked spry…even sturdy. It was not the occasion to ask a serious question…but we wondered how she must feel. She, along with Ronald Reagan, did so much to set capitalism free. But now, it is being put back in a cage…
All the world’s major markets are in major declines. The worst hit so far are those in the Far East – which…
16Jul2008 | Daily Reckoning | Comments Off | Continued
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