The RetrieverTraining.Net Forums The Retriever Academy
Total Retriever Training with Mike Lardy
Hawkeye Media Gunners Up Tritronics Outdoor Media
Results 1 to 6 of 6

Thread: Obama Third Term?

  1. #1
    Senior Member Gerry Clinchy's Avatar
    Join Date
    Aug 2007
    Location
    Pennsylvania
    Posts
    6,679

    Default Obama Third Term?

    I found this speculation interesting ... it came through a piece of spam marketing an investment newsletter, but the historical content was pretty interesting. It laid out a connection between energy wealth and politcal power. Here's the summary: (as best I can remember)

    Teddy Roosevelt became POTUS around the time that the Spindletop (TX) oil discovery occurred. The wealth generated by this production allowed TR to begin socialistic programs and prosperity to the country. He targeted Standard Oil as being "unfair" to competition. Voters loved TR and his "Square Deal". TR was not really a conservative who believed in small govt, and there are many quotations to indicate that.

    FDR came to the POTUS after the Salt Dome oil discovery. That was also responsible for pulling the US out of the depression. FDR also became wildly popular as he created a multitude of alphabetic agencies, and more social programs associated with his "New Deal". The electorate returned him to office 3 times.

    Now we are on the dawn of a new energy boom ... both natural gas and shale oil ... and this new boom should bring a windfall to the US economy around 2015 (how handy!). Just talking about NG ... there is only one licensed export terminal for LNG, with the US poised to become the largest exporter of LNG to the energy-hungry rest of the world. 8 more licenses for such terminals have been sitting on Obama's desk for a year. NG prices in Japan are 4X the prices in the US.

    The govt stands to gain a lot of $ from licensing and regulations of these huge energy resources. Talk about picking winners and losers ... 8 licenses to be granted in Obama's hands.

    If the historical pattern has any significance, the fulfillment of these energy resources should make Obama into a national hero. And it will give him the political support to continue his POTUS-ship and the funds for more expansion of entitlement programs, perhaps by supporting Michelle as his proxy in the 2016 election? That might be easier than re-amending the Constitution to allow a 3rd term to himself.

    This energy windfall will generate jobs and prosperity even in spite of Obama's policies to the contrary. It would follow that the good stuff will be attributed to him, and the electorate will love him by the end of his 2nd term ... both to those who want jobs and those who want free stuff.

    Meanwhile shale oil drilling/fracking will also be coming into its own, and could rival the NG windfall.

    China might actually get its debt repaid since China will need this energy, and the US will have more of it than anyone else in the world. World power status could once again shift in favor of the US for its economic power.

    An interesting scenario, I thought, with Obama being in the right place in the right time. Or maybe the powers, like Soros, that have supported Obama saw this handwriting on the wall (the Bakken, after all, is not uniquely new news) and, therefore, the 2012 election was VERY important, more so than it might have appeared on the surface.

    Also interesting, other countries that have tried such extensive socialism, have done so starting from a weak economic position (Russia, China), while the US would embark on the grand experiment with a prosperous economy; although Japan started out with a strong economy with help of US investment there, but its economy has not done that well in more recent years as it became more socialistically inclined.

    Now, I'll go walk the hounds.
    G.Clinchy@gmail.com
    "Know in your heart that all things are possible. We couldn't conceive of a miracle if none ever happened." -Libby Fudim

    ​I don't use the PM feature, so just email me direct at the address shown above.

  2. #2
    Senior Member Buzz's Avatar
    Join Date
    Apr 2005
    Location
    Brookings, South Dakota
    Posts
    6,748

    Default

    What a nightmare scenario!
    "For everyone to whom much is given, of him shall much be required." -- Luke 12:48

    Raven - Moneybird's Black Magic Marker***
    (Esprit's Power Play x Trumarc's Lean Cuisine)
    Mick - Moneybird's Jumpin' Jack Flash***
    (Clubmead's Road Warrior x Oakdale Whitewater Devil Dog)
    Peerless - Moneybird's Sole Survivor
    (Two River's Lucky Willie x Moneybird's Black Magic Marker)

  3. #3
    Senior Member menmon's Avatar
    Join Date
    Feb 2008
    Posts
    2,193

    Default

    Wake up and please stop looking for crap to paint doom.

    One could make the same argument that becasue of the prosperity created during Clintons term that Bush gave away the farm with tax cuts that we are paying for now too. All of them will find an easier path when the economy is doing well.

  4. #4
    Senior Member road kill's Avatar
    Join Date
    Feb 2009
    Location
    New Berlin, WI
    Posts
    10,566

    Default

    Quote Originally Posted by menmon View Post
    Wake up and please stop looking for crap to paint doom.

    One could make the same argument that becasue of the prosperity created during Clintons term that Bush gave away the farm with tax cuts that we are paying for now too. All of them will find an easier path when the economy is doing well.
    When will that be??
    Stan b & Elvis

  5. #5
    Senior Member Gerry Clinchy's Avatar
    Join Date
    Aug 2007
    Location
    Pennsylvania
    Posts
    6,679

    Default

    Quote Originally Posted by menmon View Post
    Wake up and please stop looking for crap to paint doom.

    One could make the same argument that becasue of the prosperity created during Clintons term that Bush gave away the farm with tax cuts that we are paying for now too. All of them will find an easier path when the economy is doing well.
    Read the history on this. It is pretty fascinating.

    Is it doom? Depends on one's perspective. There will be a lot of power for whomever is holding the control over licensing and regulation.
    G.Clinchy@gmail.com
    "Know in your heart that all things are possible. We couldn't conceive of a miracle if none ever happened." -Libby Fudim

    ​I don't use the PM feature, so just email me direct at the address shown above.

  6. #6
    Senior Member Gerry Clinchy's Avatar
    Join Date
    Aug 2007
    Location
    Pennsylvania
    Posts
    6,679

    Default

    I found this in an article on Townhall.com. Thought it tied in with the connection between the burgeoning shale oil and gas industry, and what it will mean to the economy. In spite of all the Obama administration's attempts to stifle the production of fossil fuel, it may end up making him look like a hero.
    According to IHS Global Insight, this unconventional oil and gas revolution has already created 1.7 million new jobs, pumped hundreds of billions of dollars into the US economy, and generated over $60 billion in federal, state and local tax receipts during 2012 alone. By 2035, it could create another 2 million jobs, rejuvenate American manufacturing, inject more than $5 trillion in cumulative capital expenditures in the US economy, and generate over $2.5 trillion in cumulative added government revenues, to offset some of the profligate spending by the White House, Congress and many states (including California, Illinois and New York, which have thus far refused to tap their own ample shale resources).


    Fracking has driven US natural gas prices to $3.70 per thousand cubic feet (or million Btu) today – versus a high of $8 in the US a few years ago, and $14 in Europe and $17 in Japan today. That means cheaper electricity for homes, businesses and charities, low-cost transportation fuel for natural gas-powered vehicles, and less expensive feed stocks for petrochemicals – which means more jobs, economic productivity and tax revenues. This natural gas has also replaced coal in factories and electric power plants, reducing emissions of particulates, sulfur dioxide, nitrous oxide, mercury and carbon dioxide.
    G.Clinchy@gmail.com
    "Know in your heart that all things are possible. We couldn't conceive of a miracle if none ever happened." -Libby Fudim

    ​I don't use the PM feature, so just email me direct at the address shown above.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •