Guest Opinion

Situation in D.C. proves troubling

By George E. Edens

, Jun 4, 2009, Updated Oct 30, 2009

Our country is going full speed into a box canyon with its current policies.

1 — Tax, borrow and spend. The mountain of debt will cause rampant inflation.

2 — Renewable energy will add little to our total supplies. Neglect of oil, gas and nuclear will leave us dependent on imports from unfriendly Middle East sources.

Warren Buffet is accepting of inflation’s inevitability. Other advisers warn against keeping your money in dollar-denominated securities. Interest rates are already up. Instead of U.S. bonds the Chinese are buying tangibles, including oil reserves in the Caribbean and Iraq.

Mr. Obama is promising lots of “green jobs” in renewable energy development. The experience in European nations is that each new green job lasts one year and comes at the expense of 2.2 other jobs.

The original premise for reducing CO2 was to prevent global warming. But lately global warming has become politically passé. In every poll of citizen concerns climate change ranks dead last. Man creates only 0.28 percent of greenhouse gas effects. The absence of temperature rises in the past decade has required changes in dire predictions.

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