from the American Thinker:
The Progressives and Your Money
First things first. They’re no longer Democrats. “Democrats” are so yesterday, so obsolete, so unrepresentative of current liberal thought. JFK was a Democrat and he believed in a strong military, cutting taxes and confronting worldwide evil from an absolutist — not relative — vantage point. That’s all so wrong. We need a more enlightened approach, one that benefits from the knowledge we’ve gained in the 60 years since JFK. We’re progressed so far. That’s it — we’ll call ourselves Progressives. read more
What seemed like an impossibility just a few years ago is now a reality for many across the country: gasoline that costs less than $2 a gallon. It’s amazing for many reasons.
USA Today reports that almost one in five gas stations in the country are charging less than $2 a gallon. As many as eight states could soon have an average price of under $2, the paper said, citing data from GasBuddy
[I thought it an interesting aside to note here that there are no less than 31 States where gas prices average at least $1.00 per gallon less than the least expensive per gallon price in California, which, according to GasBuddy is $3.371 per gallon.]
President Trump’s economic adviser Larry Kudlow says subsidies for electric cars and other renewable energy programs might soon be eliminated. That would be a major victory on the road to energy freedom.
National Economic Council chief Kudlow, a well-known free marketeer and supply-sider, said subsidies might disappear as soon as 2020 — interestingly, the next presidential election year. The decision comes after General Motors — the beneficiary of $2,500-$7,000 tax credits for those who buy GM’s plug-in cars, not to mention two separate corporate tax cuts — decided to close five North American plants, leaving 14,700 workers without jobs. The move infuriated Trump.
“As a matter of our policy, we want to end all of those subsidies,” Kudlow said. “And by the way, other subsidies that were imposed during the Obama administration, we are ending, whether it’s for renewables and so forth.” read more
Has any politician ever been more wrong than Barack Obama was about U.S. oil production and energy independence? Based on the latest report from the International Energy Agency, the answer is unequivocally no.
On Tuesday, oil prices fell for the 12th consecutive decline. And amid that decline, the International Energy Agency forecasts that the U.S. will account for 75% of the growth in global oil production through 2025.
That’s a stunning finding that shows how dynamic the domestic oil and gas industry has become. read more
Let’s pass a federal law to end all poverty by the year 2040. That will fix everything.
Oh wait – we already have hundreds of laws attempting to eradicate poverty that were instituted several decades ago. Funny thing – we still have poverty, and at about the same percentage as when the war on poverty began over a half a century ago.
It’s a clear example of the fact just because the government passes a law, it doesn’t magically make it so.
But that’s what leftists do. They see a perceived problem, which usually isn’t, and then set about to pass a law or regulatory mandate to “fix” a problem that isn’t. read more
by: Brent Smith at the Common Constitutionalist
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Let me state for the record that there should be no federal Corporate Average Fuel Economy (CAFE) standards. If States wish to regulate themselves to death, let them.
Despite my misgivings that these types of federal regulations are unconstitutional, if CAFE Standards are to become law, they should, at the very least, have to be passed by Congress, where all laws must originate.
That being said, the last time Congress passed a law which included fuel efficiency standards was 2007 – more than a decade ago.
Congress first established CAFE standards in 1975. They set the average fuel economy of the new car fleet to 27.5 mpg by model year (MY) 1985. Then, under “conservative” George W. Bush, Congress passed and the president signed the Energy Independence and Security Act of 2007. Don’t you love the bogus names they give these egregious pieces of legislation?
Anyway, the new legislation raised the fuel economy standards of America’s cars, light trucks, and SUVs to a combined average of at least 35 miles per gallon by 2020—a 10 mpg increase over 2007 levels—and required standards to be met at maximum feasible levels through 2030. read more