Category Archives: Energy

My Climb to the Top Just Got A lot Harder…

Senator John McCan’t told Pastor Rick Warren that having $5,000,000 fit the bill as being “rich”. Senator Obama shot back correctly, “I guess if you’re making $3 million a year, you’re middle class”, in an event in New Mexico.

The real devil in the details and the secret about money and class in America is this: class is not a static destination.

There is no amount of money that definitely makes you “rich”. It’s an illusion. Certainly, a person with $5 in the bank is not rich, while I think most of us would say someone with $1,000,000 in the bank would be considered rich.

But all these things are relative.

If you live in some parts of eastern Ohio and pay $3,000 a month for your mortgage you would undoubtedly be considered rich by the locals as you can find places to rent or own there for $400-500 easily. However, try taking that $3000/month and finding a similiar home in Manhattan or downtown San Francisco. You’ll be able to live in both of those places for $3000/month, but your digs will be much more humble and cozy (aka small) and within a mile there will be people that own property worth several million. In fact, just the property tax for many places in New York City or San Francisco would be more than the $500 rent/mortgage payment in eastern Ohio.

Now consider the way markets change our worth.

If you are a home owner then you know what I am talking about. A $500,000 house of 3 years ago might only be worth $250,000 today. Assuming the house was paid for that is a reduction of half of what is likely to be the person’s major asset: their house. So is this person no longer “rich” or “upper middle class”? It could be.

Class and the worth of our money *IS* all relative.

That being said, McCan’t fucked up by putting a number on a value that changes. In a time when our real estate worth is down, gasoline (though slowly retreating downward) is high, the price to heat and cool our homes is high and the price of food is high, it was not wise for McCan’t to put $5,000,000 as the figure associated with being “rich”.

Why?

Because we Americans all want to be rich!

When most Americans see a person making $250,000 a year we believe they are wealthy. If they are not, then how will we (meaning the general population if skilled and unskilled workers) ever attain our dream of being rich?  We’ll never make $250,000/year.  Never.  Never ever.

Obama was smart to seize on the miscue. At the end of the day this alone will not mean anything, but it is a way to prop up Obama’s plan to raise taxes on those making $250,000/year and over, while also re-affirming that McCan’t is the rich man’s candidate.

Cheers,

Tom

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Filed under Corporations, Democrats, Economy, Energy, Obama, Ohio, Politics, Poverty, Presidential Race 2008, Republicans

Savagely Stolen News: Update on the French Nuclear Reactor Leak

100 people contaminated.

Jeers,

Tom

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Filed under Energy, Politics, Presidential Race 2008, Republicans, Savagely Stolen News

John McCain’s Nuclear Dream

McCain is one of the people backing nuclear power as a way to fight energy prices and possible shortages. Somehow it seems a lot of people think this is a good idea.

It is not.

Nuclear power has *NEVER* come close to making a profit or breaking even- it has always been subsidized by tax payers, such as the $24 BILLION gift we gave the industry in December. And let’s not even get into the possible environmental catastrophes and leaks such as Chernobyl and the relatively small one France is dealing with right now– if you believe liquid contaminated with unenriched uranium spilling from a tank into the water supply causing a ban on drinking the water and using it on crops is no big deal. As far as Nuclear energy weening us off of fossil fuels, nothing could be further from the truth. The fact is you have to burn both coal and oil to produce enriched uranium, not to mention the transportation of the dangerous stuff to and from the site.

Speaking of “from” aka the waste, Harvey Wasserman writes, “Despite industry claims, VY’s high-level nuke waste is going nowhere. Nuclear Regulatory Commissioner Edward McGaffigan has told the New York Times he believes the Yucca Mountain waste repository cannot open for at least another 17-20 years, if ever.”

I oppose the use of more nuclear power.  At the very least we should find a way to make the current ones in service so efficient they come stop being supported by billion dollar gifts.  That’s OUR money people.  I know some of you oppose universal health care, but would you rather that money go to a proven energy loser that can lead to catastrophe or be given to the men and women that work every day in the country, keeping it running, but cannot afford to get sick?

The choice is clear in my book.  Investiment into solar and wind power along with the health of the nation.

To learn more about our energy options, check out Harvey Wasserman’s Solartopia site.

Cheers,

Tom

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Filed under Community, Corporations, Energy, Politics, Presidential Race 2008, Republicans, Science