Not for For Me, But for Thee. It’s the Story That Counts.

Political Cartoons by Michael Ramirez

For Thee, Not for Me.

The chief of the FAA told Congress today that Washington-area airports will largely escape the effects of the air traffic controller furloughs — a blessing for lawmakers who fly out of the nation’s capitol.

Michael Huerta, head of the Federal Aviation Administration, told a congressional panel that the Washington region’s airports are spaced out enough and have enough spare capacity that furloughs to air traffic controllers won’t hurt as much here.

Because, in case you hadn’t heard Obama and his FAA have decided that the Sequester is not causing enough pain so they need to ratchet it up some more., but NOT on themselves though.
The White House accused Republicans of a political distraction Wednesday after House committee chairmen asked President Obama to release a State Department cable that they said would prove Hillary Rodham Clinton, as secretary off state, signed off on security cuts at the diplomatic post in Benghazi ahead of the attack Sept. 11. (WT)

Not that the whole “internet video” thing wasn’t a massive distraction and politically motivated to begin with.
Not for For Me, But for Thee.
Political Cartoons by Steve Breen
Political Cartoons by Eric Allie

“Green” Update…The Story Continues

Remember the “green” stimulus money that went to a company in Finland to build electric cars (not here in the US, but Finland).

The electric carmaker, which laid off 75% of its employees earlier this month, missed its first loan payment to the Energy Department on Monday. Treasury has already seized $21 million in an effort to get back some of the taxpayer money loaned to it, but most of the $192 million that was given to the company over the three years is very much at risk.

Also at risk is about $21.5 million it received from the state of Delaware because of plans it once had to reopen a closed General Motors plant there.

Company officials and spokesmen are not commenting on the outlook for the company or reports that it is close to a bankruptcy filing.

Fisker is what is known as a story stock. It’s not a public company, of course, but it still qualifies. A story stock is a company that relies upon “a story” to get new investors to pony up more money to keep the story going. 

It can’t point to results, or a business model, or demographics. It has some new, breakthrough technology or process that will revolutionize the world if and when… blah, blah, blah, blah, talk, talk, talk.

And all they need is a bit more money.

And Obama gave Stimulus Money to them.

More Money down the “green” rat hole.

Story stocks suffer from the opposite problem Google and Facebook posed: Story stocks have a revolutionary way to monetize demand for products, but they have little demand.

And the last thing a company with very little demand needs is a bit more money.

A bit more money gives a company with no customers the trappings of success without the fuss and bother of actually selling things; a bit more money allows the story to supplant sales; a bit more money means that the only thing left to do is go out and get a bit more money over and over again.

In the 1990s the fuel of the future was to be ethanol, especially ethanol derived from biomass cellulose waste like switchgrass and cornstalks and sawdust.

All they needed was a bit more money to perfect the technology of refining ethanol from waste products and success was to be ensured.

Sounds like every Liberal idea I’ve ever heard of. When it fails, all we need (perpetually) is more money and it will succeed!  Just that little bit more…!!! 🙂

Twenty years later, all biomass fuels have to show for the story is more research grants from the Department of Energy, more demonstration plants that can’t produce commercial volumes and more need for subsidies from the federal government to stay afloat.

Other than an a food storage because of all the Corn converted to fuel instead of food, that is. 🙂

And regular corn ethanol- a competitor to biomass ethanol- is still only about as economical as regular gasoline, if not a little less so. 

Just a bit more money, please.

“There are two times in a man’s life when he should not speculate,” Mark Twain wrote in Following the Equator, “when he can’t afford it, and when he can.”

Twain by then had been ruined by a story stock of his own making.

“The author,” he says, “did not gather [these observations] from practice, but from experience.”

Twain invested in, managed and ultimately smothered a new marvel in typesetting technology called the Paige Compositor. Twain had the great disadvantage of knowing a thing or two about typesetting. He was a young apprentice typesetter in Philadelphia, New York and St. Louis.

In Twain’s case- as in other story stocks- a little knowledge proved to be a dangerous thing.  The inventor James Paige beguiled Twain with creating the most perfect machine ever, instead of one that would sell. Consequently the machine never even got to the prototype stage. Instead of merely losing money in the affair, Twain’s quest for a perfect machine finally drove him into bankruptcy- an event from which his creative mind never fully recovered.

According to biographer Justin Kaplan, Twain later indulged in fantasies of locking the inventor of the typesetting machine in a steel trap and watching him die.

The folks from Fisker have no less arduous a trap to face themselves.

“As the years rolled by,” writes Scientific American, “Fisker observers became increasingly suspicious that the company didn’t even possess a working car. At the 2008 debut, Fisker announced that the Karma would go on sale in late 2009. Yet by early 2010, when Bill Gifford profiled the company for Popular Science, no one but the chauffeur for the Crown Prince of Denmark had driven even an early prototype.”

But like most Liberal ideas, it sounded good, noble and tugged at the heart strings of emotion so with good intentions they wasted vast amounts of money. And in stead of admitting they were morons for buying into it they just want to spend even more money to prove their pie-in-the-sky righteousness is correct no matter what.

They actually did build a few cars, but most of them flooded before some spontaneously caught fire, just like the Chevy Volt. Really.

So now the steel trap set for Fisker is in Congress, which of course wants taxpayer money back. But what Congress really wants more than anything is to embarrass Obama, the Department of Energy and the whole green energy scheme, which was produced by a little too much knowledge and way more money than they ever needed.

They have found a willing victim in Fisker.

While Twain could only fantasize about retribution, Congress owns the steel trap of public investigation in which many others who speculate on the public dime have gone to die a slow, and humiliating, death.  

It’ll make a great story.  (Townhall)

The Greatest Story/Show on Earth. 🙂

Political Cartoons by Robert Ariail

 Political Cartoons by Chuck Asay

Political Cartoons by Chuck Asay

God Bless All US Tiny Tims

Now don’t call it ObamaCare and don’t cut it: http://www.breitbart.tv/liberal-pundit-acts-offended-by-term-obamacare/

Now That’s worth a Ho-Ho Ho! 🙂

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Merry Christmas D.C.:

‘Washington, D.C.’s workers enjoy the highest salaries of any U.S. city, with a median household income of $85,198,” CNNMoney reported recently. It’s even higher for the federal worker segment of the city, with an average wage last year for federal civilian workers of $81,258 per person.

It’s good to be the King or his minions.

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Not even Ebenezer Scrooge had the stomach to fire people during the holidays.

The Environmental Protection Agency (EPA), however, plans to move full speed ahead with new regulations on January 2 that will likely cost many Americans their jobs before the New Year’s Eve party hats have even been put away.

In a nutshell, the EPA’s Greenhouse Gas Tailoring Rule will treat emissions from renewable biomass energy the same as emissions from the use of fossil fuels, despite the fact that both policymakers and scientists have long considered biomass emissions to be carbon-neutral due to the life cycle of the forests from which biomass is produced.

(Global warming Update: Early Sunday, winter storm warnings stretched from Georgia through New England.

The white Christmas in the South was one for the record books. Columbia, S.C., had its first significant Christmas snow since weather records were first kept in 1887. Atlanta had just over an inch of snow—the first measurable accumulation on Christmas Day since the 1880s.)

This new rule and regulatory uncertainty could spell the end of the biomass energy industry by removing the carbon-neutral status of biomass and, consequently, the biggest incentive to continue investing in it. Recent estimates have shown that biomass generated from forest byproducts could supply as much as 15 percent of the nation’s renewable energy by 2021, yet this will likely never be realized if biomass producers are forced to comply with arbitrary, unfair and unnecessary regulations like those in the Tailoring Rule.

Unfortunately, the Tailoring Rule won’t just disincentivize the use of renewable biomass energy. It will also have widespread effects on our energy options, as well as jobs and the economy.

Forisk Consulting recently released a new study on the economic impact of the Tailoring Rule, which found that the regulations on biomass will result in the loss of over 134 renewable energy projects, up to 26,000 jobs, and $18 billion in capital investment. According to the study’s authors, 23 biomass energy projects have already been placed in limbo due to regulatory uncertainty. In Wisconsin, for example, Xcel Energy Inc. halted plans for a biomass energy plant that would have brought over 100 jobs to Ashland, Wisc., as well as a needed source of domestic power for the entire area. Xcel Energy cited the expected cost increases and regulatory uncertainty as reasons for canceling plans for the plant—and they are likely to be one of many energy companies doing the same.

The negative economic impact will be especially felt in Appalachia and rural parts of the South, the Pacific Northwest, and the Northeast, where biomass energy shows great promise as a source for domestic clean energy and innovative new jobs.

In addition to harming domestic renewable energy development and the economy, the EPA commits a crime that Mr. Scrooge would never commit: wasting money. In President Obama’s “stimulus” program alone, the U.S. Departments of Agriculture and Energy have collectively spent more than $100 million of taxpayer money to promote biomass power production.

The new study by Forisk Consulting only further confirms what bipartisan governors, U.S. Senators, and U.S. Representatives, state and local lawmakers, scientists, and forestry industry insiders have been saying all along—that the Tailoring Rule will hurt energy development, jobs, and the economy at a time when we need all three to be thriving.

Even Representative Collin Peterson (D-MN), the outgoing Chair of the House Agriculture, said before the election, “[The EPA is] screwing things up. They’re raising costs for people, they’re raising the price of food, and I don’t think they’re accomplishing anything.”

The intransigent EPA isn’t yet listening to the bipartisan, nationwide outcry against the Tailoring Rule. Perhaps they will finally begin to pay attention to this latest round of hard facts about the impact of their regulations before it’s too late. (Timothy Lee is the director of legal and public affairs at the Center for Individual Freedom, a free-market and constitutional advocacy organization based in Alexandria, Virginia.)

So another lump of coal for your fire when you’re electricity is too expensive for you to have anymore  and you have no job because the carbon biomass was too much to afford.

Oh, that’s right, coal is politically incorrect! Silly me.

God Bless us Everyone! 🙂

And finally, some TSA “humor”:

From TSA (note the last bullet point):

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Does wearing this count as an inappropriate joke? (Katie Pavlich)

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Merry After-Christmas Sales you evil capitalist pigs! 🙂

Political Cartoon

Political Cartoon

Political Cartoon