Sunday, June 29, 2008
Interesting articles ...
Do hybrids actually save you money?
Toyota Prius vs. Corolla is "Politics" vs."Economics"
Should You Dump the SUV for a Gas Sipper?
Calculate Gas Savings When Switching Cars
Saturday, June 28, 2008
this is a very interesting read into Ted's blog ...
The most fuel-efficient cars that CR has tested
Review: 2009 Hyundai Genesis
Actually, the Genesis is impressive looking especially when you see the $ price and the photos
Depreciation might be a killer but let's see what Hyundai does in the next 10 years.
This is really an exciting new version if you watch and hear the sound of the car but I really do enjoy the first NSX's that Acura produced!
Subaru unveils Plug-in Stella concept electric vehicle - June27
AHHHHHHH - 50 miles!!
The Plug-in Stella Concept has a four-passenger capacity and will travel up to 50 miles on a full charge. Top speed is 50 mph thanks to the car’s 54 horsepower electric motor that develops 110 lb-ft of torque instantaneously. The car stores energy in a lithium ion battery pack. The quick-charging battery can be topped up to 80 percent of full capacity in just 15 minutes but, curiously, a full charge takes eight hours.
Z before G: Chevrolet Corvette ZR1 clips the Nissan GT-R’s Nürburgring lap time
Go get those TUNDRAS, LAND CRUISERS and SEQUOIA's while they're HOT!!
Toyota considering raising vehicle prices across the board - June27
Toyota announced on Friday that it is seriously considering raising the prices of its passenger vehicles in the near future. Although U.S. drivers are already suffering at the pump, the sharp increase in raw materials may soon find buyers paying more at the dealership too.
The news of the possible price hike comes just weeks after Toyota announced mid-year price increases for its Toyota and Lexus brands.
Although Toyota spokesman Paul Nolasco says that no decision has been made yet, he says Toyota “won’t be able to avoid thinking about price hikes in the future considering a recent jump in raw materials costs.”
The decision will likely come down to which automaker flinches first. Just last week Nissan CEO Carlos Ghosn told Automotive News that Nissan will likely raise its prices, but that “It’s very, very difficult to move in a market without somehow the leader of the market (making a) move.”
Toyota is expected to make a decision on the matter by next month.
Mercedes exec says Big Oil conspiring to kill U.S. diesel market
Mercedes-Benz has accused profiteering oil companies of ripping off diesel buyers and fears such action may kill the U.S. diesel passenger car market in its infancy. While oil prices have hit new highs, the pump price of diesel has surged to be more than a dollar a gallon higher than gasoline in some U.S. states, even though it is cheaper and less energy intensive to produce.
And Mercedes-Benz, which introduced its E320 BlueTEC diesel passenger car into the U.S. in 2006, is fighting back, with Daimler board member, Dr Thomas Weber, insisting there was no demand-driven reason for diesel prices to be so high.
“We knew this surge was coming in the U.S.,” Dr Weber, who heads up the Mercedes-Benz Research and Development division, told Leftlane.
“I believe there is definitely optimization of earnings by oil companies to take advantage of the higher usage of diesel today. There is not another plausible or economic explanation.”
While diesel sales are up in Europe, the economic downturn has lowered volumes in the U.S., where it is primarily a heavy transport fuel.
Even so, the U.S. Government’s Energy Information Administration reveals that diesel users have suffered more than double the gas price rises in the last year. Once cheaper, diesel is now significantly more expensive than gas everywhere in the United States.
The EIA’s data shows that while gas costs 443 cents a gallon in California, diesel there costs 499.2 cents and, in a nationwide trend, it is 72 cents more expensive on the East Coast and 63 cents more expensive in the Mid West.
While gasoline has risen 113 cents a gallon in California in the last 12 months, diesel has surged by 199.5 cents in the same period and its pump price surge has outstripped gasoline by 95.7 cents on the East Coast and 95.3 cents in the Mid West.
“The most important driver is a huge trend in diesel use in Europe, but that doesn’t explain it,” Dr Weber insisted.
“There are limitations on capacity on the refining sites, but that’s not it, either, really.
“Diesel production costs are less than the gasoline production costs so the only idea you can find is that these companies are in the business of making a profit, so that is what they do now.”
The EIA’s pump price breakdowns seem to confirm Mercedes-Benz’s allegations. While the cost of the basic crude oil accounts for 73 percent of the pump price of gasoline, it only accounts for 61 percent of the diesel price.
Instead, the EIA figures show oil companies are slugging diesel buyers by more than double diesel’s refining costs compared to gasoline. Only 10 percent of the gasoline price is in refining, while that figure leaps to 21 percent for diesel.
Nevertheless, Dr Weber predicted the massive gap between gasoline and diesel prices in the U.S., Australia and Europe would soon come to an end and, even in the meantime, they would not affect Daimler’s upcoming plans to hit the U.S. market in force with its diesel engines.
“For the customer, if they experience the advantages of diesel, they will stay with diesel anyway,” he insisted.
“The technology is 20 to 30 percent more efficient than gasoline and has more torque at lower rpm and that’s what most buyers actually use.”
Benz will launch BlueTEC diesel versions of its R-, GL and ML-class SUVs in October after receiving 50-state registration approval for the technology in March this year.
Words by Michael Taylor.
German man torches his BMW in protest against high gas prices
June 27, 2008
By The Associated Press
BERLIN - A German man doused his BMW with gasoline and torched it today in protest at skyrocketing fuel costs.
The unemployed 30-year-old man drove the black 1995 BMW sedan onto the lawn outside Frankfurt's convention centre grounds at about 7:30 a.m. He then jumped out, emptied a canister of gas over the vehicle, and set fire to it.
The Bavarian man, whose name was being withheld because he has not been charged with a crime, told police that gas prices were so high he could no longer afford to drive the vehicle.
Tuesday, June 24, 2008
Seaweed Power: Ireland Taps New Energy Source
June 23, 2008 -- Ireland could become a key player in the production of biofuel from seaweed, scientists told a conference in the west of the country on Monday.
Seaweed has long been investigated as a potential source of bioethanol, which is typically made from crops such as sugar cane and corn, but technological barriers remain to its commercial use. With rich seaweed resources, "Ireland is poised to become an important player in the next generation of biofuel production," said Stefan Kraan, head of the Irish Seaweed Center at the National University of Ireland in Galway.
"Algae do not have the negative image of terrestrial biomass resources, which are said to be responsible for higher food prices, impacting on water use, biodiversity and destruction of rain forest," he said.
The annual conference of the International Society for Applied Phycology (the scientific study of algae) is examining the economic and social aspects of using brown seaweeds for bioethanol production.
Professor Michael A. Borowitzka from Murdoch University in Australia told the conference that compared to other bioenergy crops such as rapeseed, peanut or palm oil, there are a number of species of algae that have a higher oil content and can grow in seawater.
"These apparently very favourable properties have generated a frenzy of interest and activities in the field of energy production using algae, both microalgae and seaweeds," he said.
"For biofuel production the algal biomass needs to be produced at a cost of around one dollar or less per kilogramme. In order to achieve this ambitious goal there is the need for year-round reliable high productivity algal culture and all factors need to be optimized and efficiently integrated."
Ireland has 16 commercially useful seaweed species, with additional species being added as more research is carried out.
They are currently used in areas such as food production, fertilizers, soil conditioners, cosmetics, medical preparations, biotechnology and biomedicine.
Monday, June 23, 2008
I had a friend who knew my interest in Christian and public schools send me this PEERS Trend Chart
Basically, it's a chart that shows the kid's worldview and how it has changed over the years and it compares public, traditional Christian and The Principle Approach Christian schools.
The chart shows a decline in kid's worldview perspective for traditional Christian school and public school ... from 1988 to 2002 are the years covered.
WASHINGTON - America remains a deeply religious nation, but a new survey finds most Americans don't believe their tradition is the only way to eternal life -- even if the denomination's teachings say otherwise. The findings, revealed Monday in a survey of 35,000 adults, can either be taken as a positive sign of growing religious tolerance, or disturbing evidence that Americans dismiss or don't know fundamental teachings of their own faiths.finish the story here ... Religious Americans: My faith isn't the only way
Among the more startling numbers in the survey, conducted last year by the Pew Forum on Religion and Public Life: 57 percent of evangelical church attenders said they believe many religions can lead to eternal life, in conflict with traditional evangelical teaching. In all, 70 percent of Americans with a religious affiliation shared that view, and 68 percent said there is more than one true way to interpret the teachings of their own religion.
"The survey shows religion in America is, indeed, 3,000 miles wide and only three inches deep," said D. Michael Lindsay, a Rice University sociologist of religion. "There's a growing pluralistic impulse toward tolerance and that is having theological consequences," he said.
HOLLYWOOD - Selena Gomez, the 15-year-old up-and-coming Hollywood star who is being hailed as "the next Miley Cyrus" - the wildly popular star of the Disney Channel show Hannah Montana - has made public her intention to remain chaste until marriage.
Gomez started in the entertainment industry at the young age of 10, landing the part of Gianna on Barney & Friends. Amongst numerous other achievements, Gomez recently provided the voice-overs for the character of the mayor's daughter in the blockbuster animated film, Horton Hears a Who, starring Jim Carrey and Steve Carell. Gomez also recently debuted her own feature Disney Channel show, The Wizards of Waverley Place, in which she plays the lead role.
It seems, however, that Gomez may not appreciate the frequent comparisons being made between her and fellow Disney star Miley Cyrus, who has made the news several times in the last number of months after suggestive photos of her appeared in Vanity Fair magazine and a number of other racy photos surfaced on the Internet.
Gomez recently told Extra about her plans to live chastely until marriage. "I said, 'Dad, I want a promise ring,'" Gomez told Extra. "He went to the church and got it blessed. He actually used me as an example for other kids."
"I'm going to keep my promise, for myself, for my family, and for God," she said.
In a previous interview with Extra, Gomez was asked by the interviewer if her mother had allowed her to start dating. Gomez confirmed that she was allowed to go on dates, and had gone on a few, though she said she is subject to a curfew. When asked if she had a steady boyfriend Gomez laughed and shook her head: "I'm fifteen. I don't need a boyfriend."
In donning the purity ring, Gomez joins an increasing number of youth-stars who are reacting against the pervasive promiscuity of the entertainment industry and embracing pre-marital chastity. Others who have made public their intentions to remain chaste until marriage include Jordin Sparks, the American Idol winner, and the members of the pop group, the Jonas Brothers.
However, in an interview on the issue with momlogic.com, Gomez denied that she was simply jumping on the bandwagon. "I've had my ring ever since I was 12 years old," she said. "But for me it's not something I want to go around saying 'Hey, look what I have.' It's a promise that I made to myself and to God. I think sometimes people misinterpret that and think it's just a trend and everyone's getting one."
Report: No Android until fourth quarter
Google's hyped mobile operating system won't be available until late this
year, The Wall Street Journal reports. With the iPhone 3G on the way, some
developers may be losing interest.
Sunday, June 22, 2008
Saturday, June 21, 2008
Scientists find bugs that eat waste and excrete petrol
Silicon Valley is experimenting with bacteria that have been genetically altered to provide 'renewable petroleum'rest of the story ... Scientists find bugs that eat waste and excrete petrol
“Ten years ago I could never have imagined I’d be doing this,” says Greg Pal, 33, a former software executive, as he squints into the late afternoon Californian sun. “I mean, this is essentially agriculture, right? But the people I talk to – especially the ones coming out of business school – this is the one hot area everyone wants to get into.”
He means bugs. To be more precise: the genetic alteration of bugs – very, very small ones – so that when they feed on agricultural waste such as woodchips or wheat straw, they do something extraordinary. They excrete crude oil.
Unbelievably, this is not science fiction. Mr Pal holds up a small beaker of bug excretion that could, theoretically, be poured into the tank of the giant Lexus SUV next to us. Not that Mr Pal is willing to risk it just yet. He gives it a month before the first vehicle is filled up on what he calls “renewable petroleum”. After that, he grins, “it’s a brave new world”.
Friday, June 20, 2008
Wednesday, June 18, 2008
Tuesday, June 17, 2008
Bin Laden can appeal to US Courts!
Honda Announces First FCX Clarity Customers and World's First Fuel Cell Vehicle Dealership Network as Clarity Production Begins in Japan
Breakthrough zero emissions vehicle to be delivered in July
So... to make me feel worse ... I like to read things like this:
- From OneNewsNow
- Same-Sex Marriage
- Free speech squelched near Liberty Bell - no way signA well-known street preacher has been convicted of two federal crimes for preaching the gospel on the public sidewalk outside Independence Hall and the Liberty Bell in Philadelphia.
5 Trust in the LORD with all your heart
and lean not on your own understanding;
6 in all your ways acknowledge him,
and he will make your paths straight.
Saturday, June 14, 2008
See video here ...
Jun. 13 - Japanese company Genepax presents its eco-friendly car that runs on nothing but water.
The car has an energy generator that extracts hydrogen from water that is poured into the car's tank. The generator then releases electrons that produce electric power to run the car. Genepax, the company that invented the technology, aims to collaborate with Japanese manufacturers to mass produce it.
SOUNDBITE: Kiyoshi Hirasawa, CEO, Genepax.
Michelle Carlile-Alkhouri reports.
Friday, June 13, 2008
Thursday, June 12, 2008
THE 545 PEOPLE RESPONSIBLE FOR AMERICA'S WOES
BY CHARLEY REESE
Politicians are the only people in the world who create problems and then campaign against them.
Have you ever wondered why, if both the Democrats and the Republicans are against deficits, we have deficits?
Have you ever wondered why, if all the politicians are against inflation and high taxes, we have inflation and high taxes?
You and I don't propose a federal budget. The president does.
You and I don't have the Constitutional authority to vote on appropriations. The House of Representatives does.
You and I don't write the tax code. Congress does. You and I don't set fiscal policy. Congress does.
You and I don't control monetary policy. The Federal Reserve Bank does.
One hundred senators, 435 congressmen, one president and nine Supreme Court justices - 545 human beings out of the 300 million - are directly, legally, morally and individually responsible for the domestic problems that plague this country.
I excluded the members of the Federal Reserve Board because that problem was created by the Congress.
In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered but private central bank.
I excluded all the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman or a president to do one cotton-picking thing. I don't care if they offer a politician $1 million dollars in cash. The politician has the power to accept or reject it.
No matter what the lobbyist promises, it is the legislator's responsibility to determine how he votes.
A CONFIDENCE CONSPIRACY
Those 545 human beings spend much of their energy convincing you that what they did is not their fault. They cooperate in this common con regardless of party.
What separates a politician from a normal human being is an excessive amount of gall.
No normal human being would have the gall of a SPEAKER, who stood up and criticized G.W. BUSH for creating deficits.
The president can only propose a budget. He cannot force the Congress to accept it.
The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations and taxes.
Who is the speaker of the House? She is the leader of the majority party. She and fellow Democrats, not the president, can approve any budget they want. If the president vetoes it, they can pass it over his veto.
REPLACE THE SCOUNDRELS
It seems inconceivable to me that a nation of 300 million cannot replace 545 people who stand convicted - by present facts - of incompetence and irresponsibility.
I can't think of a single domestic problem, from an unfair tax code to defense overruns, that is not traceable directly to those 545 people.
When you fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they want to exist. If the tax code is unfair, it's because they want it unfair.
If the budget is in the red, it's because they want it in the red.
If the Marines are in IRAQ , it's because they want them in IRAQ .
There are no insoluble government problems. Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take this power.
Above all, do not let them con you into the belief that there exist disembodied mystical forces like "the economy," "inflation" or "politics" that prevent them from doing what they take an oath to do.
Those 545 people, and they alone, are responsible.
They, and they alone, have the power. They, and they alone, should be held accountable by the people who are their bosses - provided the voters have the gumption to manage their own employees.
We should vote all of them out of office and clean up their mess.
These are the people who just voted in a partisan fashion to not allow drilling in the outer continental shelf.
From Glenn Beck's program today ...
So why IS gas so darn expensive? There are a lot of reasons, but somehow the biggest problem (as usual) points directly to Washington DC. Democrats yesterday in a subcommittee voted basically to kill going to the outer continental shelf to drill for oil because there are 'other things we can do'. Glenn would like to introduce you to the people who are preventing us from drilling here at home, because, as Glenn says, these people should be famous. When the pitchforks and torches start coming out---we'd like to help clarify who was for or against us.
- Chair: Norman D. Dicks (WA)
- James P. Moran (VA)
- Maurice D. Hinchey (NY)
- John W. Olver (MA)
- Alan B. Mollohan (WV)
- Tom Udall (NM)
- Ben Chandler (KY)
- Ed Pastor (AZ)
- Dave Obey (WI), Ex Officio
Minority Ranking Member:
Here is the subcommittee website -- they voted down party lines on this...
- Todd Tiahrt (KS)
- John E. Peterson (PA)
- Jo Ann Emerson (MO)
- Virgil H. Goode, Jr. (VA)
- Ken Calvert (CA)
- Jerry Lewis (CA), Ex Officio
The organisers’ graphic prediction on how global warming will affect La Manga has caused sales of houses in the coastal area to drop by 50 percent.11 June 2008
MADRID - A group of real estate developers and property owners in La Manga del Mar Menor - a spit of sandy, low-lying coastal land and Murcia's premier beach resort - are threatening to take Greenpeace to court over its graphic predictions of what global warming may do to the area, which they say have caused house prices to plummet.
The lawsuit, which the plaintiffs plan to present unless Greenpeace agrees to an out of court settlement of almost EUR 30 million in damages, comes more than six months after La Manga featured prominently in a photo book published by the environmental organisation that was intended to shock Spain into action on climate change.
Estate owners sue Greenpeace for prediction
Wednesday, June 11, 2008
CNBC interview with Sen DODD: (Unbelievable!!!)
Asked by a North Carolina voter whether he supported a Jimmy Carter-era windfall profits tax, McCain responded: "Um, I don't like obscene profits being made anywhere -- and I'd be glad to look not just at the windfall profits tax -- that's not what bothers me -- but we should look at any incentives that we are giving to people or industries or corporations that are distorting the market."
Glenn Beck: Who makes more than Big Oil?
June 11, 2008 - 12:54 ET
GLENN: Did he ever do private business? Dan, do you know? Did John McCain, was he ever in private business? Joe, you would probably know this. Look it up.
DAN: I don't think so.
GLENN: I don't think he was. I think he went from didn't he go right from the military right to congress? So there is a chance that he didn't understand how the economy works because he's always been in government. But this is his quote yesterday. Quote: I don't like the obscene profits that are being made anywhere and I'll be glad to look not just at the windfall profits tax. That's not what bothers me. But what we should look at is any incentives that we're giving people or that industries or corporations that are distorting the market.
Do you have the clip? Play this.
McCAIN: I don't like obscene profits being made anywhere and I'd be glad to look
GLENN: Stop, stop, stop, stop, stop. He doesn't like obscene profits being made anywhere. Is anyone talking about the hedge funds? Is anyone talking is anyone in congress talking about the hedge funds? You know why? They are not talking about the hedge funds because the hedge funds give them all kinds of money. The hedge funds, these guys Chelsea Clinton works for a hedge fund. John Edwards worked for a hedge fund. Al Gore works for a hedge fund, owns his own hedge fund. Nobody wants to talk about hedge funds. You want to talk about obscene profits. Now, I don't believe this is an obscene profit. I really don't. I think if you can make this kind of a profit, God bless America. God bless America.
But here's their profit margin.
Their profit margin in hedge funds is 87%. 87% profit margin. That is printing money. So you want to talk about an obscene profit margin, there it is. Again, as a capitalist I say God bless you. But that is ten times the profit margin of oil.
Oil's profit margin is about 8.5%. This is ten times the profit.
Why are we going after them?
- How about healthcare facilities? 48%.
- Publishing, periodicals, magazines is 34%.
- Information delivery services, 23%.
- Silver is 22%.
- Application software industry is 22%.
- Shipping, 21%. Well, not anymore.
- Copper is 19%.
- Tobacco products, 19%.
- Drug manufacturers, 17%.
- Insurance brokers, 16.
- Beverages, wineries, distilleries, 15%.
- Long distance carriers, 15.8%.
- I mean, railroads, railroads, 13.9%.
- Steel and iron, 13.8.
- Cigarettes, 13.7.
- Integrated circuits, semiconductors, 13.6.
- I mean, the list goes on and on and on and on.
- Money center banks, 10.8.
- Hotel/motels, 10.6.
- Asset management, 10.5.
- Beverage, Brewers, 10.5.
- Resorts and casinos, resorts and casinos are 10.5. Casinos are 10.5.
I mean, when a casino makes 10.5 and a hedge fund makes 81.7, you've got to ask yourself what's an obscene profit margin. Why aren't you going after those guys? That's not the way this system works, and as soon as America figures this out, these guys are toast. When America figures out and I really believe, I believe that she will. Here's why. Here's why I have more optimism than ever before. These you know these tours always give me faith. Getting out of New York City always gives me faith. Going around the country and talking to as many people as we do. You know, we had another sold out show last night, we've got another show tonight in Portland, Maine. You know, I listen to these crowds and I listen, you know, in the first two shows because it was down in the South people were shouting stuff out and I could hear it. I mean, I could hear the frustration and I could hear the answers. The answers are there, and for the first time this is why I have more faith because for the first time I believe that the people who are normally slugs and don't say anything, they are starting to shout those answers out. They are starting to say that's not the way it works! And they are starting to get involved more than ever before. And I just don't think I think people are going to be asking questions this time, and conservatives, conservatives, not Republicans, conservatives have the answer, and the answer is not to take these oil companies and pound them into the dirt. It is to give them tax incentives to go find it. It is for congress to stay the hell out of the way. When that happens, we'll have a return to sanity. But you know what? I read the front page of the Wall Street Journal today and I have to tell you, inflation is going up. Do you know, what was the country that I said inflation went up, doubled overnight? In India, went from 4 to 8% inflation in two days! And they're all blaming it on the United States of America.
Glenn Beck: No relief in sight for Gas $$$
June 11, 2008 - 12:57 ET
GLENN: Ben Stein is out in California. How much are you paying for gas out in California, Ben?
STEIN: $5.19 a gallon. And I'm very happy to get it. I'm just worried about the day when you can't get it at any price.
GLENN: You know, there was a scuffle out in, I think it was Los Angeles. A guy took a tire iron to somebody who tried to cut in front of him in a gas line in California.
STEIN: I don't doubt it. Gas is life. Gasoline is life.
GLENN: Are there gas lines in California?
STEIN: I haven't seen any gas lines but people are in a pretty bad mood when they get up to the pump, I'll tell you that.
GLENN: Do you think that you know, I keep reading and it makes sense that as the economy just goes further and further into the crapper because of oil that oil is going to start coming back down because nobody can afford it and so supply and demand is going to play a bigger role.
STEIN: Well, demand is falling in the industrialized world, is rising rapidly in the developing world, rising very, very rapidly in the countries that produce oil. But demand is definitely falling in the U.S. Glenn, I've told you before and I will tell you with all due respect I think the price at this point is a bubble for the next few months but the long term trends are terrifying. And the problem again is not having gasoline at any price. That's what we're really scared of.
GLENN: You know, I have to tell you, Ben. First of all, you're a (inaudible). You believe in the future of America's economy is not going to be real grim, right? You haven't changed that, right?
STEIN: I don't think it's going to be grim at all.
GLENN: And so you are a very optimistic guy. Yet when you say things like, you know, I worry about gas at any price, that kind of, you know, perks my ears up because I don't hear things like that from you.
STEIN: I'll tell you why, Glenn. I'm worried about it if the government steps in and screws up everything. If we leave it to the private sector and if we have a combination of private sector allocating by price and government having, as you said and your phrase is exactly right. A moon shot ever to get alternative fuels that work, I think we'll get through it. But if we have government price controls, governments slamming the oil companies, we're in trouble. I was very, very upset to see Obama saying that somehow putting a tax on the oil companies is going to get us more oil. What's that about?
GLENN: Yeah, here is Chris Dodd yesterday on CNBC. Co host Joe Kernen called the Connecticut senator on the idea asking if he was going to apply the same strategy to other types of businesses and that is windfall profits tax. He said, are you going to go across the industries all across the board and decide what congress thinks is a fair amount of profit and drawing lines on what's fair and what's not for corporations? He emphasized the point that's not the way it's done in this country, senator. It could never be done that way, could it? Chris Dodd said, yes, it could be.
STEIN: Well, that's a Bolshevism. I mean, that's pure Bolshevism. That's terrifying. I'm glad you brought it to my attention. It's really, really scary and I don't know what to say if that's going to be the attitude, then I'm no longer optimistic about the U.S. economy.
GLENN: That is the attitude. You know and I know that we have Bolsheviks in Washington. We have people who are full fledged Marxists. If you've got Barack Obama coming in I mean, where is the oh, shoot. Where is the Wall Street Journal today? I had the do you have all the papers? Hang on just a second. There's all this stuff that I pulled out today on Obama's taxes. Listen to this.
STEIN: Oh, his tax policy is terrifying. I mean, terrifying.
GLENN: Listen to this. He says he's going to let President Bush's income tax expire. So that means that the highest tax rate now is going to be almost 40%. He's not going to change the corporate income tax. He wants to give middle class tax breaks. However, to pay for all of that, he also wants to raise the top rate on capital gains tax. Then he wants to take the estate tax up to 45%. Then on top of that he wants anybody who's making over $250,000 a year to start kicking in to Social Security again. Just the Social Security tax will be the largest tax increase on the wealthy of any time in our nation's history.
STEIN: Well, I think that it was larger in World War II but it's a very, very
GLENN: No, no, increase.
STEIN: Yes, the increase. I think even the increase was larger in World War II. It's a very big increase, and his idea that you're wealthy at $250,000 a year is comical. I mean, that's upper and middle class but not by any means wealthy.
GLENN: So what exactly happens if you start taxing the oil companies? And that's what
STEIN: If you start taxing the oil companies, what you are really doing is taxes the pension funds and the individuals who have stock in the oil companies and cutting down on their ability to retire. What you are really doing is saying to the 50% or so of the stock owners of oil companies who are retirees, look, you are not going to get your dividends anymore, you are not going to get your capital gains anymore, and for no if you were. It will not increase oil production. When I saw Obama say we're going to to get more oil production we're going to put a windfall profits tax on the oil companies, I thought, this guy is dumber than Jimmy Carter. I mean, what is he talking about? I like him and I think he's a hard working, intelligent guy but somebody's giving him terribly bad advice.
GLENN: Wait a minute. Hang on just a second. I like Barack Obama. He seems like the kind of guy you could sit down and talked to. You know, I haven't bombed the Pentagon or something. So I don't know if he would talk to me. But he has horrible, horrible judgment.
STEIN: Yes. About economics for sure and about (inaudible) for sure.
GLENN: And about friends. I mean, I don't know, I don't know how this guy could possibly have worse judgment. But what makes you think that what makes you think that this guy doesn't get it? I think this guy is a Marxist. He does get it. There are forces, Ben, at work in Washington. You know it and I know it when he says that he wants to raise capital gains, even though he understands that capital gains, if you raise that tax, it will actually hurt the economy. When he was confronted with that, he said I understand that, but I want to raise them out of basic fairness. So he will hurt the economy knowingly to be able to take the wealth from one group and give it to another. This is a Marxist.
STEIN: I would agree with you as far as that goes but he's a in that sense you're right. But in the sense that he's a typical Chicago politician who takes money from people who get it in kind of questionable ways in order to enhance his career, he can be, let's say talked to, if I may if you get what I mean.
GLENN: I don't know what you mean.
STEIN: Well, I mean, he's not a doctrine Marxist, above all he wants political contributions, he wants people who are going to be his friends and send him checks and if those people happen to be from the organizations that want to lower capital gains tax, he will listen to them.
GLENN: So Ben, here's the common sense solution that I have. You tell me where I'm wrong. I say we should go after the shale, we should
GLENN: We should convert coal to oil.
GLENN: We should be looking for oil off of our shorelines.
STEIN: And I want to give you credit for this because I thought it was Cuba that was slam filling near Florida but it's China.
GLENN: It is.
STEIN: That they're doing it and we can't do it is insanity, literal insanity.
GLENN: Yeah. I've got a lot a mail from people saying, Glenn, you're totally right. Go for the oil off our shores, change it back into oil, go for the shale, build nuclear power plants, go and continue to develop the new line of solar panels which is the nanotechnology that Kurzweil is pumping, go for the solar energy, do it all, cut your taxes on these companies to encourage them to
STEIN: Yeah, that's what they did in Russia and you pointed that out and you were totally right. The Russians are cutting taxes on the oil companies. Why would we be punishing them? There's absolutely zero point on that. Pure vengeance.
GLENN: Ben, tell me how these people in Washington they are all intelligent people, wouldn't you agree
STEIN: No, I would not agree. I would say not educated.
GLENN: You mean in real life?
STEIN: In real life they are not well educated. Look, I worked for Mr. Nixon and I think even his worst enemies would agree he was probably the smartest President of the post war period in terms of pure IQ. Even he didn't understand economics at all.
GLENN: How is it these people in Washington, however you don't have to understand economics. You have to understand supply and demand.
STEIN: They don't understand that.
GLENN: When they are cutting off how?
STEIN: I don't understand how they can't understand but, look, they understand that poor people, at least their friends who are poor people, are angry at rich people and they want to cater to those poor people. They are catering to anger, envy and jealousy.
GLENN: I have to tell you, Ben, I don't know what it's like out in California but I am traveling the road now doing this comedy show and I have to tell you I have sensed real anger and real frustration.
STEIN: Oh, people are very angry. Gasoline is life.
GLENN: So who do you think this is going to affect in the election? Like it really matters, but who do you think this is going to affect?
STEIN: I think whoever can come up with a forcible explanation to say, look, stop kicking the goose that gives us the golden egg, stop kicking the oil companies, let's get more oil and let's get the environmentalists out of the way so we can get more oil, that's who's going to reap the benefit.
GLENN: How come John McCain hasn't said that yet?
STEIN: He is not very smart about economics, either. He is a brave, brave man, Glenn, but he is not a rocket scientist. I mean, he is not the smartest guy in the class.
GLENN: Ben, I'm a self educated guy. I'm not the smartest guy in the
STEIN: Yes, you are. You are incredibly smart and you are very well self educated. But he has been a busy guy doing other things. Anyway, I've got to go because my publicist is hitting me, literally hitting me to make me go. But I'm going to be seeing you later. So I will call. I'll talk to you later. And by the way, I'm having a delicious cinnamon bun as we're talking.
GLENN: I don't think that's necessary to point it out. Thanks a lot, Ben, I appreciate it. We'll talk to you soon. Okay, bye bye.
However, I picked out the name - ALotOfYada.com - as our domain name and I have kept it ever since and mainly it is derived from Seinfeld when they would do ... well, watch it and see!