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HARRISBURG, Pa. -- The nation is on the "brink of a depression," but there's a "reasonable chance" that the $787 billion economic stimulus package will help ease the situation, Sen. Arlen Specter said Monday.
Specter, R-Pa., said the nation's economic situation is more dire than the public has been told, but did not elaborate.
Newsmax.com - Specter: Nation on 'Brink of a Depression' (http://www.newsmax.com/insidecover/specter_stimulus/2009/03/09/189997.html - broken link)
He's at least admitting things look bleak but it would be nice if he'd just own up and say nothing they've done will make it better, only worse.
If this guy or Obama were doctors, they'd give you the wrong treatment and then tell you it would have been worse if they'd given you the right treatment.
He's at least admitting things look bleak but it would be nice if he'd just own up and say nothing they've done will make it better, only worse.
If this guy or Obama were doctors, they'd give you the wrong treatment and then tell you it would have been worse if they'd given you the right treatment.
The problems are "more serious than is publicly disclosed"....hmmm? So why doesn't Sen Specter tell us what the real magnitude of the problem is, rather than just do a drive by scare routine?
Certainly, no matter what the true magnitude of the problem, tens of billions of dollars of new social spending isn't the answer? Where is our domestic Marshall plan? Where are the George Washington and Golden Gate Bridges for a new generation? Where is the TVA for a new era of Americans?
Did we get NRA, CCC, and programs to get people to work for financial help? Nope. Just giveaways and money that once spent will be gone with nothing to show but a huge bill and lots of interest payments for our grandchildren. What a huge opportunity we've missed.
No kidding. A UNH commissioned study (http://www.unh.edu/p2/biodiesel/article_alge.html - broken link) on bio diesel found that it would cost around $300 billion (conservatively, that was doubling the cost to account for overruns) to build enough algae ponds to produce all the fuel we use here in the States, at an operating cost of 1/2 to 1/3 of what we spend on imported foreign oil.
Just think, all those jobs building the plants, operating them, and then the $$ being kept here in the States instead of externally to an oil producing nation.
No kidding. A UNH commissioned study (http://www.unh.edu/p2/biodiesel/article_alge.html - broken link) on bio diesel found that it would cost around $300 billion (conservatively, that was doubling the cost to account for overruns) to build enough algae ponds to produce all the fuel we use here in the States, at an operating cost of 1/2 to 1/3 of what we spend on imported foreign oil.
Just think, all those jobs building the plants, operating them, and then the $$ being kept here in the States instead of externally to an oil producing nation.
Actually they can make bio gasoline out of algae as well. They have also made algae more efficient by moving from the ponds to a closed loop system.
Yeah I'm familiar with the closed loop system but haven't yet seen any costs associated with it. I did see however that a closed loop refinery the size of Chicago could supply all the fuel we need though.
I am a big bio-diesel fan. If you don't know this already the energy efficiency of diesel is 1/3 more efficient than gasoline right from the start. We already have the infrastructure and we can recover restaurant grease as a another small source. However only algae can be produced at the scale to replace petro-diesel. The problem with US diesel is two fold in that we use a dirty grade of it and domestic automakers made some lousy diesel engines for cars. The only bad thing is the NOX emissions. Unfortunately the perfect(hydrogen) has become the enemy of the good to a point.
I did come across several barriers that need to be overcome and I can't now remember them but perhaps it will can get the few quantum leaps we have seen with water desalination recently.
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