For me, one of the most enjoyable happenings is when the most pompous, faux-intelligentsia, arrogant and loud among us are proven wrong by nothing more than plain old simple common sense. And today, there are not one, but two glaring examples of that premise.
According to Fox News.com, shale oil deposits in California are among the largest in the nation and it’s potential benefits were put succinctly by Geoffrey Styles, energy consultant, who recently wrote in an online forum, The Energy Collective, “that drilling the formation could slash California's imports while adding billions of dollars a year to the local economy and to the shaky state budget, along with lots of good jobs.”
However, as usual, environmental lobbyists and Governor Jerry Brown are opposed to the idea, claiming that this type of drilling is too dangerous to pursue at this time.
So, in keeping with my ongoing belief that California’s a harbinger of things to come for all those who ignore financial reality, living in a utopia that exists only in their limited minds, I'm now even more certain that the state will soon be populated by the brokest, most dependent, conglomeration of misguided zealots ever seen.
I’ve included a link so you can read the story yourself: Shale oil deposit a possible boon to struggling California, but state wary, enviros opposed
Item number two is a follow-on to yesterday’s entry, regarding the prominent doctor who spoke at Thursday’s National Prayer Breakfast and mentioned that “intentionally hurting” high earning individuals leads to their creating off-shore bank accounts in the Cayman’s.
In that regard, an article today by Jonathan Weisman of the New York Times via Drudge says that, “As recently as 2010, Jack Lew, President Obama's nominee to be the next secretary of the Treasury, had $56,000 invested in a Citi Group venture capital fund based in the Cayman Islands’ notorious Ugland House, a building whose mailboxes are home to nearly 19,000 corporate entities, many of them tax shelters.”
Upon the disclosure, the Finance Committee’s ranking Republican, Senator Charles E. Grassley of Iowa, accused the president of hypocrisy and said, “President Obama has been almost obsessively critical of offshore investments. He called Ugland House ‘either the biggest building or the biggest tax scam on record.’ That makes this Cayman Islands investment of his top official and now Treasury secretary nominee worthy of attention. The irony is thick. Members of the Finance Committee will question Mr. Lew about his foreign investments at the hearing.”
So, as far as common sense is concerned, the beat goes on and in case after case proves my basic point that anyone possessing more than an iota of intellect isn’t going to permit brain-dead politicians to pick their pockets continually. And since this is especially so when the cause for governmental financial need is misguided philosophy, intellectual density, plain old, every day, flat-out incompetence, coupled with an inability to absorb basic facts, I'm certain that some day soon these backward politico’s are going to wind up all alone.
That's it for today folks.
Adios
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