Obamanomics versus supply and demand

Economics 101 teaches that supply and demand describes market relations between prospective sellers and buyers of goods and services. The supply-and-demand model determines price and quantity sold in a market. This model is fundamental in microeconomic analysis and is used as a foundation for other economic models and theories. It predicts that in a competive market, price will function to equalize the quantity demanded by consumers and the quantity supplied by producers, resulting in an economic equilibrium of price and quantity. The model incorporates other factors changing equilibrium as a shift of demand and/or supply.

Barack Obama energy’s plan, which emphasizes conservation over new supplies and sources, would be [like] repealing half the law of supply and demand—the supply half. That’s a new and somewhat radical form of economics. The law of supply and demand has lasted a long time, and Obamanomics is a good word for just repealing half of it. And here’s the scary part: It might not end at energy policy. He may, if elected president, be able to create more new rules of economics.

Sixty-five percent of Democrats think that Obama says “what he means most of the time.”

The scuttlebutt (an old Navy saying) in Washington is that if he is elected, Barack will reward Hillary Clinton for her support with a Supreme Court nomination—[perhaps upon] the retirement of Ruth Bader Ginsburg. An aide to Obama says, “It would have a more lasting impact than being president.”

Obama wants to appeal to white guilt … (my words). You appeal to white guilt not by coming on as black-is-beautiful, black-is-powerful. Basically, he’s coming on as someone who is not going to threaten the white power structure. Whites just eat it up.

— Fuller Moore
Mountain Home

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One thought on “Obamanomics versus supply and demand

  1. Dionysis

    The letter writer is all over the map on this one, attempting to advance an alternate reality in order to discredit Obama, while providing not a word about McSame’s facile ‘drill, drill, drill’ and ‘more tax cuts for the oil companies’.

    It starts out offering made-up twaddle about Obama’s energy plan, then jumps to Hillary Clinton and the Supreme Court and finally “white guilt.” He left out the kitchen sink. As for the easily refuted misrepresentation of Obama’s plan, readers should take a few minutes and actually read the plan for themselves. Some key elements include:

    “Obama supports implementation of a market-based cap-and-trade system to reduce carbon emissions by the amount scientists say is necessary: 80 percent below 1990 levels by 2050…

    Obama will develop domestic incentives that reward forest owners, farmers, and ranchers when they plant trees, restore grasslands, or undertake farming practices that capture carbon dioxide from the atmosphere…

    Obama will invest $150 billion over 10 years to advance the next generation of biofuels and fuel infrastructure, accelerate the commercialization of plug-in hybrids, promote development of commercial-scale renewable energy, invest in low-emissions coal plants, and begin the transition to a new digital electricity grid. A principal focus of this fund will be devoted to ensuring that technologies that are developed in the U.S. are rapidly commercialized in the U.S. and deployed around the globe…

    Obama will double science and research funding for clean energy projects including those that make use of our biomass, solar and wind resources…

    Obama will use proceeds from the cap-and-trade auction program to invest in job training and transition programs to help workers and industries adapt to clean technology development and production…

    Obama will create a Clean Technologies Venture Capital Fund to fill a critical gap in U.S. technology development. Obama will invest $10 billion per year into this fund for five years…

    Obama will significantly increase the resources devoted to the commercialization and deployment of low-carbon coal technologies.”

    http://www.barackobama.com/issues/energy/

    These are but a few of many new initiatives designed to promote alternative energy development.

    Evidently the letter writer believes that people are too lazy to actually delve into the facts for themselves, and feels that promoting nonsense will be accepted carte blanche.

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