Obama’s World? — Fines for Bio fuel that does not exist is stupid, says… The New York Times?!?!

When the Obama lead Government loses the New York Times, something is horribly wrong:

WASHINGTON — When the companies that supply motor fuel close the books on 2011, they will pay about $6.8 million in penalties to the Treasury because they failed to mix a special type of biofuel into their gasoline and diesel as required by law.

But there was none to be had. Outside a handful of laboratories and workshops, the ingredient, cellulosic biofuel, does not exist.

In 2012, the oil companies expect to pay even higher penalties for failing to blend in the fuel, which is made from wood chips or the inedible parts of plants like corncobs. Refiners were required to blend 6.6 million gallons into gasoline and diesel in 2011 and face a quota of 8.65 million gallons this year.

“It belies logic,” Charles T. Drevna, the president of the National Petrochemicals and Refiners Association, said of the 2011 quota. And raising the quota for 2012 when there is no production makes even less sense, he said.

Penalizing the fuel suppliers demonstrates what happens when the federal government really, really wants something that technology is not ready to provide. In fact, while it may seem harsh that the Environmental Protection Agency is penalizing them for failing to do the impossible, the agency is being lenient by the standards of the law, the 2007 Energy Independence and Security Act.

The law, aimed at reducing the nation’s greenhouse gas emissions, its reliance on oil imported from hostile places and the export of dollars to pay for it, includes provisions to increase the efficiency of vehicles as well as incorporate renewable energy sources into gasoline and diesel.

It requires the use of three alternative fuels: car and truck fuel made from cellulose, diesel fuel made from biomass and fuel made from biological materials but with a 50 percent reduction in greenhouse gases. Only the cellulosic fuel is commercially unavailable. As for meeting the quotas in the other categories, the refiners will not close their books until February and are not sure what will happen.

The goal set by the law for vehicle fuel from cellulose was 250 million gallons for 2011 and 500 million gallons for 2012. (These are small numbers relative to the American fuel market; the E.P.A. estimates that gasoline sales in 2012 will amount to about 135 billion gallons, and highway diesel, about 51 billion gallons.)

Even advocates of renewable fuel acknowledge that the refiners are at least partly correct in complaining about the penalties — Via NYT: Companies Face Fines for Not Using Unavailable Biofuel – NYTimes.com

It is very obvious that the attempt to inject politics into our economy has failed. This means vote different in 2012.

Others: National Review, The Enterprise Blog, Weasel Zippers, The Volokh Conspiracy, Doug Ross and The Jawa Report

It’s Mitt in New Hampshire!

The Video: (H/T HotAir.com)

The Story:

Mitt Romney has won the New Hampshire primary, Fox News projects, notching back-to-back victories in the first two contests of the presidential nominating season.

Fox News also projects that Ron Paul will finish second and Jon Huntsman will finish third. Rick Perry is projected to finish in sixth place — the rest of the night is shaping up to be a race for fourth, between Newt Gingrich and Rick Santorum. Both candidates are pulling in 10 percent of the vote.

Also unclear is Romney’s margin of victory, though Fox News projects he will win by double digits. With 40 percent of precincts reporting, Romney is leading with 37 percent of the vote. Paul has 24 percent and Huntsman has 17 percent. — Romney Wins New Hampshire Primary, Fox News Projects | Fox News

Like I previously wrote; What other choice do Republicans really have? South Carolina will be a telling primary and challenge for Romney. But so far, I think he has the nomination in the bag.

Update: Now a Memeorandum Thread.

Is China’s Economy about to collapse?

This is not the first time I have heard this, but:

Which does China face? A popped real estate bubble could exert a big drag. Housing construction exceeds 10 percent of GDP. That’s historically high, says Lardy. At a similar stage of economic development, Taiwan’s housing investment was 4.3 percent of GDP. In the recent U.S. real estate boom, housing peaked at 6 percent of GDP. In China, housing stimulates much consumer spending (furniture, appliances) and accounts for 40 percent of steel production, notes Lardy. Land sales are also a big revenue source for local governments. All would suffer from a housing bust.

There are mitigating factors. Outside Beijing and Shanghai, it’s unclear that housing prices are “out of line with household income growth,” says economist Eswar Prasad of Cornell University. Chinese buyers also typically make large cash payments for their properties. Compared to United States, a housing bust is less likely to become a banking crisis as mortgages sour.

Whatever happens, China’s economic model is reaching its limits, as Lardy argues. It has relied on exports, promoted through the controlled exchange rate, and investment, including housing, subsidized by cheap credit. Meanwhile, Chinese savers have been punished by the low returns on deposits. This dampens their incomes and consumption spending. The trouble is that the global slowdown threatens exports and housing’s excesses threaten investment. Unless China can switch to stronger consumption spending, its economy will slow — or it will achieve growth by becoming even more predatory toward other countries. — Is a Chinese economic slump on the horizon? – The Washington Post

Go read that whole thing, because this is the best case for this belief. The funny thing, the people over a GoldSilver.com have been saying this for a while:

Go check them out and get into Gold and Silver; before you lose it all.

Here is a good reason why I will be voting Republican in 2012

This is very scary…:

In his remarks, Genachowski said the program has been successful, but has also been plagued with problems of accountability and efficiency. Multiple service providers are often supplying Lifeline subsidies to the same households, he said, because there is no centralized system. To address the issue, Genachowski said, the draft proposal creates a national database of Lifeline users to prevent duplicative billing. It also sets a budget for Lifeline aimed at connecting eligible consumers while staying within budget, and requires that participating companies be subject to independent audits every two years. — via FCC’s Genachowski proposes broadband reform – Post Tech – The Washington Post

National Database of internet users? Yeesh. 🙁 The Democratic Party has gone mad. Go read, that whole thing. I will say this; that low income thing is a crock; if they do it for them, they will do it for everyone. This is why we have to win in 2012 and further more, Why we also have to pick a real Conservative and not some idiotic Rockerfeller big-goverment Republican. Which is why I do not quite understand why people like Michelle Malkin get upset over the back and forth that is going on.

The Republican grassroots and the Conservative grassroots; which does include me — needs to know what they are getting this time. The last time around, everyone just followed behind what the Republican establishment gave them. Not this time; we are better informed, and thanks to twitter, facebook and blogs, we communicate better. Which is why elitists like President Barack Obama hate the internet so much. To be fair, I would be willing to bet some Republicans dislike it too.

(H/T Drudge)

Video: Why I do not entirely trust Fox News

Anyone that reads the blog knows that, yes, I am a Christian. However, I find a good deal of the social Conservative movement to be troubling. Mainly, because of a big-Government statists that exist within those circles. A perfect example of this is Fox News and Fox News’s Bill O’Reilly.

Bill O’Reilly is also a social traditionalist or if you prefer a social conservative. While I believe that his intentions might be pure; he does have the mentality that the Government must protect its citizens from social perversion. I am afraid, as much as I enjoy watching Bill’s show and that Network; that this is a Statist mentality and files directly in the face of what true Conservatism is about. This video also shows that Fox News channel is, just like its socialist counterparts at MSNBC and CNN; pursuing an agenda that includes outright false information.

Enjoy the video:

Again, I do not feel Fox News or Bill O’Reilly to be overly evil or anything. (little strange at times, maybe! 😉 ) I just disagree with his statism very highly.

This is why illegal immigration bothers me

Via Preston Wright on Facebook:

The American Militia’s website

Bet this would be an interesting book to read.

Man, and I thought the Clinton’s were dysfunctional:

Then-White House Chief of Staff Rahm Emanuel offered his resignation to President Barack Obama in the winter of 2010 after a series of columns appeared depicting him as the lone element keeping the Obama presidency intact. According to then senior adviser David Axelrod, Emanuel understood that the stories “were an embarrassment” to the president. The president, already suffering from a setback to his health care reform effort, declined Emanuel’s offer to resign, despite being convinced that his chief of staff was the main source for the columns.

“I’m not accepting it,” Obama replied. “Your punishment is that you have to stay here and get this bill done. I’m not letting you off the hook.”

That revelation is one of the more explosive included in “The Obamas,” a new book by Jodi Kantor of The New York Times about the first few years of the Obama administration and the strains that it produced on the president’s marriage — strains that were ultimately overcome.

The dramatics that surrounded the passage of health care reform — culminating in Emanuel’s near-resignation — reflect the type of struggles that routinely pitted Emanuel against the first lady during the first two years of the Obama administration. The two jockeyed for influence over the president even before he formally took office. — Via ‘The Obamas’: Book Reveals Friction Between Rahm Emanuel, Michelle Obama (UPDATE)

Bet that would make a very interesting read.

Get the Book:

Update: As much as I hate to admit it; this guy does have a point. This is why I watch the comment section around here, like a hawk.

New Ron Paul ad dings Santorum in SC

(Via POLITICO.com)

Video:

I wonder what Jesse Vantura would say about that? I mean, after all, he does support Ron Paul. Not only that, but Ron Paul has a lot of damned nerve even bringing up betrayal; considering the fact that Ron Paul has repeatedly betrayed the United States Military of which he served. All so he can remain true to his leftist ideology of isolationist utopia and foriegn policy disenguagement. Here is hoping that Rick Santorum fires back and fires back hard on this point. Not only that, I also hope Rick Santorum brings up his racist and Anti Semitic friends too.

Others: : National Review,, THE ASTUTE BLOGGERS, American Power (via Memeorandum)

Senator Marco Rubio rips President Obama a new one

Oof. This one is a harsh one to read:

In a scathing letter to sent to Barack Obama this morning, Senator Marco Rubio said that under the President’s first term in office, “more and more people have come to believe that America is becoming a deadbeat nation.”

Rubio went on to pledge that he would challenge any further increase in the debt ceiling, arguing that “we [Congress] need to make it routine to actually spend no more than we take in.” In the letter obtained by HUMAN EVENTS, the Florida Senator said that President Obama’s upcoming request to increase the debt ceiling by a whopping $1.2 trillion will cause the nation’s public debt to surpass the $16 trillion mark.

“I will oppose your request to continue borrowing and spending recklessly.”

President Obama is expected to request the new borrowing power from Congress once the Senate and House return from their holiday recess. — Via Rubio in letter to Obama: You are turning America into a ‘deadbeat nation’ – HUMAN EVENTS

Here is the letter here, it’s a PDF file, just so you will know.

it is red meat for our side; but it speaks to the broken state of DC.

Unemployment down to 8.5 percent

Good, but not great:

Nonfarm payroll employment rose by 200,000 in December, and the unemployment rate, at 8.5 percent, continued to trend down, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in transportation and warehousing, retail trade, manufacturing, health care, and mining. — Via Employment Situation Summary

Ed Morrissey Notes:

There are a few interesting points to note. Even though the rate of initial weekly jobless claims has declined over the last few weeks, ther has been an increase of 150,000 people unemployed for five weeks or less. The numbers declined slightly in all other time frames, but that’s something to watch. The civilian population participation rate hasn’t changed at all from the 64.0% of last month, which remains the lowest level since the Reagan years and which keeps the jobless rate artificially low. The civilian labor force — all the employed and all those seeking employment — actually declined by 50,000 people since November. However, the U-6 measure of “real” unemployment dropped from 15.6% in November to 15.2% in December, which is the lowest in three years.

It’s a pretty good but not spectacular result. In order to gain jobs, we have to net more than 125,000 jobs added each month. At this rate, it would take 40 months to add 3 million jobs over and above population growth. I’d rather go in that direction than the opposite, but we need a lot more robust job creation than this to get people back to work.

Before I give my thoughts, you must remember this; I live here in Michigan, just outside of Detroit. The Detroit area, along with the rest of the State has suffered under a one-State recession that started much before the big recession that hit the rest of America. Now having said all of that, I say this. All of these numbers mean nothing. It is nothing more than window dressing; at least to me anyhow. I have not had a job now in six years — other than the meager Ad profit that I managed to squeeze out of my old blog. I hope that I will be able to continue that here with this blog. Yes, I have a “small Business“the emphases on small! 😛 😉 😀 😆

What happened was this; I took $120.00 out of my Christmas money and I bought a nice reseller-hosting package. I hope that I can sell some shared hosting to some people. If I sell a few packages and whip out a couple design jobs for a few guys over on Blogger, who want to get off there; and I happen to make my $120.00 back, I will be happy. The rest is just happy profit. I am not looking to become rich on this little venture. I just would like to make a little money. If it gets insanely busy — I will do my duty and go file the paperwork for a business. (Yes, Liberals, I will pay my taxes, if I make enough warrant paying any!)

It is not that I really do not want to work for someone else — I would love to. However, as any small business owner knows, it is somewhat hard to hire anyone at all. When you have an idiot Government breathing down your shirt collar and keeping you from making any profit.

Another little side note; as the son of a UAW member and GM retiree and a member of a middle class family — it feels so weird to be writing from the standpoint of an actual small business owner. I mean, I am not in an office and wearing a suit. However, I am offering a service to people. I do not know how good I will do in the business. However, that is the beauty of a business; it is a real risk. Sometimes, between you and I — risk can be a bit scary. Worried