Guest: Cliff Kincaid for one hour that exposes Leon Panetta.
(Stream or call 310-807-5060)
Track the work of Cliff Kincaid and Trevor Loudon at GulagBound.com, which reveals evidence that CIA Director and prospective Secretary of Defense is a communist collaborator, no cute figure of speech meant.
See Gulag Bound articles tagged “Leon Panetta” for published and further entries.
America’s leading investigative reporter on the ever developing Marxist movement in America, Mr. Kincaid runs the America’s Survival site and is Director of Investigative Journalism for Accuracy in Media (AIM).
We may also be joined by Terresa Monroe-Hamilton, AJ and perhaps others of The Bound.
Hosts: Arlen Williams & Tallulah Starr
When Obama took office, here’s where we were with respect to unemployment, inflation and the Misery Index:
Unemployment = 7.80%
Inflation = 0.03%
Misery = 7.83%
Here’s what Obama’s “Change” has brought to America after almost half of his term in office is up:
Unemployment = 9.1%
Inflation = 3.57%
Misery = 12.67%
Here’s the “Change” he brought us in our national debt:
January 2009 = $10.632080 Trillion [Took 233 years and 43 Presidents to accumulate this debt]
May 2011 = $14.344668 Trillion [Took 2.3 years and 1 President to add $3.7126 Trillion in debt]
Based on Obama’s 2011 budget, the national debt will rise to $15.781051 Trillion by the end of this year; that’s $5.15 Trillion that he overspent in just 3 years.
While American citizens and businesses pump anywhere from $2.1 to $2.6 Trillion into the Federal government each and every year in taxes, keep in mind that it’s not enough for Obama. Since he took office, he’s spent all of what we’ve given (approximately $7.05 Trillion) plus the massive overspending he’s done each year he’s been in office:
Thus, Obama has actually spent a grand total of about $12.2 Trillion of our hard-earned money in just 3 years and he’s saddled us, our children and grandchildren with what he overspent.
Have you received a 48% increase in pay in the last 3 years? Obama’s big government did. Has the $12.2 Trillion he’s spent helped you? Or are you feeling the pinch as food and energy prices “necessarily skyrocket”?
With Obama’s massive spending, the likes of which we’ve never seen in the history of our nation, would you think unemployment would go down instead of up? If massive government spending worked and benefited the people, do you think you would be better off now than you were 3 years ago?
Can you see why 70% of Americans are upset and want the spending to stop?
If you think things are bad now, just wait until Finance Reform and the Obamacare “goodies” kick in after the 2012 Presidential election.
Are you aware that Obamacare raids Medicare by taking half a Trillion ($500 Billion) away from Medicare and institutes a 15-member panel of un-elected bureaucrats who will decide what Seniors can and cannot have in terms of medical care? Who is really throwing Grandma over the cliff?
Wake up and rise up people – let your voices be heard. If you’re upset about the obscene overspending that Obama has done and you aren’t better off than you were 3 years ago, get involved and stop believing the lame-stream media lies. Contact your local Tea Party and find out how to get involved.
Again, if you think things are bad now, the policies Obama has put in place are only going to make it worse as time goes on. Do your homework; read the bills!
America’s Largest Tent City
Hat Tip: Brian B.
By: Dr. John C.K. Daly for OilPrice.com
An extraordinary convergence of recent events seems poised shortly to make aviation biofuels the belle of the investor’s ball.
The first is that on 8 June the follows the international standards certifying body ASTM International announcing its approval of its BIO SPK Fuel Standard, to be made official later in the year, of the use of hydrotreated renewable jet (HRJ) Jet A-1 fuel in commercial aviation. The potential financial implications are massive, as together the airline industry and the U.S. military use more than 42.25 million gallons (1.5 million barrels) of jet fuel a day.
One of the leading contenders for ramping up production of Jet A-1 HRJ is camelina, which has undergone extensive testing by both civilian airlines and the U.S. military. Camelina HRJ qualifies as a “drop-in” fuel, which can simply be mixed with regular Jet A-1 in a 50-50 ratio, allowing jet engines to function without any modifications.
In March 2010 Biomass Advisors released their 116-page study, Camelina Aviation Biofuels Market Opportunity and Renewable Energy Strategy Report, projecting that by 2025 one billion gallons of camelina biofuel would be produced for the aviation and biodiesel sectors, creating 25,000 new jobs and producing over $5.5 billion in new revenues and $3.5 billion in new agricultural income for U.S. and Canadian farmers. Biofuels Digest is projecting that global advanced biofuels capacity will reach 4.003 billion gallons by 2015, based on company announcements to date, with capacity reaching 718 million gallons in 2011, 1.522 billion by 2012, 2.685 billion by 2013, and 3.579 billion gallons by 2014.
Fuel and oil comprise 25 percent of civilian airlines’ operating costs. When the price of jet fuel rises one cent, it increases the global cost of aviation $195 million.
The second development is that the critical mass of HRJ fuels on both civilian and military aircraft has been completed, with various military and civilian aircraft flying with HRJ additives made not only from camelina, but jatpropha, algae, babasu and coconut oil, among others. Production is set to soar from small “designer” batches of HRJ produced up to now for testing.
Quick of the block in playing to the big boys, Neste Oil will showcase its NExBTL HRJ renewable aviation fuel at the Paris Air Show later this month and airlines in the Virgin Group are collaborating to attempt to develop and share aviation biofuels at their common port of Los Angeles International airport. More airlines are sure to follow.
Another unexpected development leveling the playing field for aviation biofuels was the unexpected vote on 16 June by the U.S. Senate to repeal tax credits worth about $6 billion annually for producing ethanol, produced from U.S.-grown corn. With its 73-27 vote, the Senate passed an amendment to end the 45-cent-a-gallon subsidy the government gives oil companies for blending ethanol into gasoline and the 54-cent-per-gallon tariff it places on imported ethanol to protect the domestic market. Other biofuel producers for years have complained about the subsidies, which, contrary to popular imagery, go primarily to the oil companies, not small-time farmers.
Ethanol is the most heavily produced biofuel in the U.S., with nearly one third of U.S. corn production diverted to producing it while Brazil distills its ethanol from sugarcane, as an additive to gasoline. Other biofuel producers have complained that the subsidies both gave an unfair advantage to bioethanol producers but also soaked up much of the investment funding that might have other supported other renewables.
Between receiving formal approval for civilian airline use and the federal government preparing to end its support for U.S. ethanol welfare queens, sharp investors will be looking for potential winners on a playing field that is suddenly becoming much more level. And I haven’t even mentioned Pentagon interest in biofuels – yet.
A story for another time.