Tuesday, July 20, 2010

Construction, the Achilles Heel of Economic Recovery

With home construction plunging three months in a row, driving it to the lowest levels since October 2009 this economy is faltering on complete failure with a non-existent recovery plan.

The truth is, what we have is an incompetent, inexperienced ideologically socialist President who appears to be more hell-bent on destroying the economy rather than fixing it.

Driving the June decline was a more than 20% drop in condominium and apartment construction which makes up a small but volatile portion of the housing industry.

It is evident that April, May and June are the leading months for construction permits and with three months of steady declines, this construction season is all but shot to hell for contractors for the remainder of this year and into 2011.

And don’t try to tell me that the good news is that construction permits rose 2.1% from a month earlier. In an industry that has been as hard hit as the home building industry that is a pathetic increase and no where what is needed to get Americans back to work.

What is ironic is a President, who has been boasting of creating millions of new jobs and proclaiming this the summer of recovery, standing in front of his glassy-eyed Obama news media talking about how three individuals can’t find work and how we need to extend unemployment benefits to 2 and ½ years.

Why didn’t the Mesiah struck Obama news media ask the tough questions like? "Urr, Mr. President, if your economy is on a mend, and you’ve created the millions of jobs you said you did, why do we need to extend unemployment benefits?”

And even a better question would be. "Excuse me Mr. President, when does 2-1/2 years of unemployment benefits turn into permanent welfare benefits?"

In a typical economic recovery, the construction sector provides much of the fuel to recovery. With builder’s sentiment sinking to a low of 14, the lowest since March 2009, and the May new home sales drop of 33%, the lowest in 47 years, we are being forced to look to the spring of 2011 for any hopes our lives will even begin to look like they are getting back on the road to recovery.

What we really have is a community organizer who is in over his head and just doesn’t get it; Mr. President, we need jobs not hand-outs. It's the economy stupid!

Oh, while you're at it, stop feeding us your steady stream of false hopes and socialist covered lies.

Friday, July 16, 2010

The Clock is Ticking

They've stop the leak in the Gulf and that is good news for the day. However, what about the big picture?

The United States spends $1 Billion every single day on imported oil. Everything around us in one manner or another is touched by petroleum or its by-products. We can't escape our immediate dependence on oil and we can not escape the fact that alternative energy is not forthcoming in any immediate manner, nor is it as cost effective as oil.

To be realistic, we can not just cut ourselves off from oil exploration, nor can we allow our country to become solely dependent on foreign oil which could potentially allow power-grabbing rogue nations to jeopardize our energy security and national security.

Unfortunately, Obama doesn’t get it either or he is just ignoring his pledge to uphold the security of this great nation. Stopping oil exploration just doesn’t make sense, it is a far more intelligent approach to learn from the mistakes made on this mishap rather than shut the entire region down hurting so many in so many ways.

Another issue is Obama’s 2 Billion “preliminary commitment” to Petrobras deep water exploration (3 times deeper than the Gulf well) just days after his biggest financial supporter George Soros strengthened his $900 Million investment in Brazil’s Petrobras. Could there possibly be a conflict of interest here?

Why would any American President send taxpayers money to a foreign country for their deep water exploration while shutting down our own domestic efforts?

Shutting down American drilling, slamming the economy while it is heading toward the cliff just doesn’t make sense either, unless you’re out to destroy the American economy.

Yes, we have an energy problem, we do need to find cheaper, better, easier to find energy. However, in the meantime we need to utilize our own energy sources including oil. We need to cut our dependence on foreign oil and the only way we can make that happen is to open up our domestic opportunities, not shut them down.

If we can’t provide enough oil and gas to power our economic and military machinery, America’s leading global role could become dangerously compromised. And that is unacceptable.

As our Founding Fathers intended, America must remain the world’s most powerful, free and independent nation. We are the last bastion of hope and freedom and to keep that beacon glowing, we need to ensure our energy independence for the generations that follow us.

Meanwhile, the clock is ticking.