Saturday, May 18, 2013

Snake Oil Salesmen

The Chamber of Commerce's lead article (05/16/13) states: "The Keystone XL Pipeline is a viable remedy for many of the threats and concerns that plague small business owners."

The Chamber (and others) spread misinformation that XL will unleash lower energy prices, and create jobs. Temporarily, it might create a few jobs, but TransCanada has been transparent about its intention to sell its hydrocarbon sludge abroad. The petroleum market is world-wide and fungible, anyway; oil is basically sold at the same price, subject to world-wide demand and supply--and speculation. Canadian sludge won't drive prices down, nor even keep them from rising, if China, India and other emerging economies continue to hunger for more--as they will.

The Chamber of Commerce, pretending to represent small business, claims the XL pipeline is needed for small businesses, to promote jobs and lower energy costs. There's no mention that it's one of the dirtiest fuels on the planet, and that its addition to the fuel mix will increase global warming and climate change significantly. Nor does the Chamber mention the recent disastrous spills of this toxic mess in Nebraska and Michigan. The author of the Chamber's lead article promoting this: Rep. Scott Tipton (R-Colo.), is Chairman, Small Business Subcommittee on Agriculture, Energy and Trade.

He sells snake oil.It's the line Republican Congressmen, from gerrymandered districts, follow, as well.

You mustn't regulate emissions, but you must protect "job creator" subsidies for Exxon, etc. and you can't let government functions out-compete "free enterprise," like the Postal Service, or Social Security. That's really why both, plus Medicare/Medicaid, have been targeted by the GOP: Yet costs are lower, and public benefits are obvious, while corporations (or their shareholders) don't profit.

From the Chamber of Commerce rightward, there appears to be an alternate reality, and almost half of Americans have been persuaded it's real: government can't do anything good. They've been persuaded that government stimulus even during recession, will trigger galloping inflation, though inflation isn't as high as the Fed has targeted; the minimal stimulus drove us (barely) out of recession, unlike the austerity-driven EU, and the dollar has gained value against other currencies. The right-wing solution for this non-problem, is to cut government expenditures, laying off teachers and police, civil service workers and firemen, cutting government services and aid to those in need: the grand sequester.

Given austerity's dismal failure to resolve Europe's financial problems, why can't we learn from their mistakes (let alone those of FDR in 1937)? Because corporations could profit more from austerity?

The right-wing's alternative universe is wreaking a terrible toll. The only example of more damaging policies would be the Roman Senators, who ran the Fifth Century Roman Empire: they ran it into the ground.

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