Big Government, Communications, Economy, Energy, Environment, Issues, Regulation

The Biggest Impediment to Economic Advancement: Government

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The U.S. economy continues its Barack Obama Administration-long hobbled limp. President Obama will be our nations first to never, ever have even one year of 3% or higher Gross Domestic Product (GDP) growth.

We are the United States of Anemia.

Why? Government. The private sector is under full-on governmental assault.

I can’t imagine why the economy isn’t roaring.

But one example of progress impediment? Governments’ (at all levels) opposition to the petroleum drilling technique known as fracking.

Federal Judge Blocks Major Fracking Rule, Calling It ‘Contrary To Law’: “U.S. District Judge Scott Skavdahl on Tuesday…(ruled) that the federal agency’s claim that it had ‘implicit’ congressional authority for the regulations ‘lacks common sense.’”

“Lacks common sense” is a very fair assessment – and not just legally. Where fracking has occurred – it has thrived on a monumental scale. (Hello, North Dakota.) And has been a fundamental component of the private sector’s fundamental transformation of not just the global oil market and the broader global economy – but geopolitics as well.

We’ve been searching for decades for a way to “end our dependence on foreign oil.” Fracking delivered it. Government didn’t deliver – it opposed the private sector doing so.

Meanwhile, what has government spent the last several decades doing to “end our dependence on foreign oil?” Wasting hundreds of billions of dollars on “green energy” (solar, wind, ethanol, etc). Which is neither green nor energy – and costs exponentially more than traditional energy sources.

Renewable Energy ‘Simply WON’T WORK’ (Say) Top Google Engineers: “Windmills, solar, tidal – all a ‘false hope’, say Stanford PhDs.”

Renewable Energy: Not Cheap, Not ‘Green’

The government isn’t picking winners and losers – it’s picking losers at the expense of winners.

“Green energy” can not exist to not-produce energy – without these massive government money infusions. Even consistently bizarre Europe is beginning to get reacquainted with this reality. And thus so too is their “green energy” “industry.”

Europe’s Green Energy Industry Faces Collapse As Subsidies Are Cut

Spain’s Green Energy Production Crippled Without Subsidy Crutch

Germany Votes To Abandon Most Green Energy Subsidies

The private sector delivers results – government delivers disasters.

So when, in the pursuit of Network Neutrality, the Obama Administration power-grabbed the entire Internet – serious flags should have been raised.

In fact many were. The Tech Sector’s Internet Service Providers (ISPs) and we free market Reality-lovers practically dislocated shoulders waving them. Warning that slamming the network with so many additional regulations (and prospective taxes) would make it much harder for the Internet’s incredible growth to continue.

Let us consider the wireless Web. Look on your cell phone – for the little letters “4G.” As in Fourth Generation – the current-most-advanced wireless network. For the last many years, wireless providers have spent lots of time and lots of money developing “5G” – the next generation, and a huge technological step forward. Much faster speeds – opening up to blossom the Internet of Things:

“(T)he network of physical devices, vehicles, buildings and other items—embedded with electronics, software, sensors, actuators, and network connectivity that enable these objects to collect and exchange data.”

Verizon aims to roll out “5G” in 2017. AT&T says it will beat Verizon to the punch (you have to love private sector completion). Other providers are working to join them as rapidly as possible (you really have to love private sector completion).

But then the Obama Administration dropped its Net Neutrality anvil. Unlike Wile E. Coyote – they didn’t miss.

And with our arms in slings – we sadly, knowingly read this from across the Pond:

European Telecom Companies Deliver ‘5G Manifesto’ to Recommend Against Net Neutrality Regulation

“On July 7, a coalition of 20 telecom companies in the continent — including Vodafone, Telenor, Orange, Nokia, BT, Ericsson, Telefonica, Deutsche Telekom, and Hutchison — put together the ‘5G Manifesto for timely deployment of 5G in Europe.’…

“While the document is mostly used to outline the key advantages of 5G, its purpose serves to warn governments of the potential dangers of over-regulation of the open internet, essentially arguing against intervention.

“‘The telecom Industry warns that the current Net Neutrality guidelines, as put forward by BEREC, create significant uncertainties around 5G return on investment,’ the document states. ‘Investments are therefore likely to be delayed unless regulators take a positive stance on innovation and stick to it.’”

The Left bizarrely wants to make us more like Europe. Now, in many instances, we’re worse.

There is here already so much pre-Net Neutrality money and energy inertia behind our “5G” rollout – that we will get there.

But this government straightjacket absolutely jeopardizes the next, necessary, massive influxes of cash and attending effort necessary to fully form “5G” – and to create, develop and deliver whatever comes next.

Which won’t come next – because government got in the way.

As we warned. As Europe’s telecom companies are warning.

The Left, still, isn’t listening.

This is a guest post by Seton Motley President and Founder of Less Government
  • Robert

    It always amazes me that the Government is blamed for poor business practices. Foreign Companies come here, build expand, and hire, and make great profits without the Benefits American companies get from the US Government, Just a good example is Toyota Camry the only car made in America, and they are expanding and hiring nearly every 3 to 5 years and making great profits. Put the blame where it should be most do not know how to run a business. Businesses started and run for yer by fmilies, as soon as it is turned over to the youth of the family it goes down the drain. Running a Business is like a 24/7 job not a place to get your recreational money.
    I ran a business worth $540 million and have never bought a new car, or spent stupidly for big money items.
    That is the problem in most cases the owners want to start a business not because of need for the product but to make BIG money so they can have great recreation.
    HAVE A NICE DAY

    • RLTMLT

      Robert, can’t disagree with you on the current driving force for American management that values quarterly performance and it’s related bonuses over long term planning. Instant gratification over long term stability, let the next guy take the hit for the ultimate downturn !
      As far as the success of foreign companies is concerned, they were largely assisted by Washington that established low import duties for foreign manufacturers who only ship high value piece parts into this country. They have successfully convinced various state politicians to reward them with an array of tax abatements as they secure local funding to build assembly plants filled with low skill and pay assembly workers. Hard to blame former American companies who have moved abroad to take advantage of cheaper labor and these same low import duties ! The main reason that a very profitable parts manufacturing industry that once existed in this country no linger exists !

      • Robert

        RLTMLT
        I do blame them, it was not cheap labor that made them the great company the are, it was hard working American workers. I ran a company with at times 700 workers and I knew that I owed them something besides good pay, if it was not for them, I would not have had a Company, in 1980 our Finance office suggested we move the operation to Thailand to make more money, we had a board meeting and then a general worker meeting and the majority voted to not move, so we stayed, My worker’s got $9 a week total medical coverage, 6 months paid maternity leave and weeks paid for the husband, got bonuses every year on production and got wrote up for returns of faulty products, before the write up one of the 4 partners would examine the item and test it to make sure it was the workers fault and not the material. All four of the partners worked on the floor at least 3 days a week with the workers. When i sold my company in 1996 under duress within 2 years the company was moved over seas and 575 workers were out of jobs.We made enormous money and sold for $450 million split 4 ways when we started we started with $10,000 cash and $40,000 debt for equipment from Hewlett Packard and Secoir.in 1960.
        Companies owe allegance to who made them the company they are, someone can have a great idea but without workers the idea dies in the dust.
        Toyota according to public records gets a small 10% reduction in taxes from the state but according to their financial disclosure they get no Federal assistance, Subaru gets a basic 5 year tax incentive from Washington state for the new factory which will hire about 7000 workers. Volkswagen did get a tax break from New Jersey but that has run out.
        Toyota Camry every part is made in the USA in different parts of the country, yes Volkswagen and Subaru are assembly but Subaru will be a total production in 2017. it was total corporate greed that made us crippled to world industry, holding the Government to ransom for to not pay any taxes,
        HAVE A GOOD DAY

        • RLTMLT

          Robert, I commend you for your support of working people. I know you must have been troubled by the necessity to sell your company and put all those people who supported you in a desperate situation, rare in today’s world where selling out to competitors usually means a human duplication of efforts that leads to the employee’s of the company being sold loosing their jobs, I’ve been there myself ! But you and your partners also deserve compensation for all the years of hard work and risk taking you expended to build your company. I share your disgust with a corporate form of business that is literally choking the life out of this country. I actually have a fair amount of respect for Japanese and some of the other foreign manufacturers who were only doing what was in their companies best interest. These deals that were stuck with them were essentially duplications of deals that were struck with former U.S. Manufacturers. Deals that enabled Cities to boost local financial activity and increase local employment in their communities. I have great empathy for the young people who have been driven into serious debt in an effort to get a college degree that is increasingly worthless in our expanding low wage service based economy !

          • Robert

            RLTMLT
            I did not agreeingly sell my businesss, my son would have taken my place but after being approached by one of the big name manufacturers, that we were undercutting their business, and was told if I did not sell to them, I would be in court for the next ten years, paying high priced lawyers over frivilous law suits. We as a factory unit all employees included had a meeting and it was generally agreed that I should sell but to see if he would keep the employees on, that was agree to and two years later when they moved out of the country all the employees were without jobs.
            The only way US Corporations know how to do business is to get rid of their competition by any means they can, reminds me of the MOB from the 20s and 30s get rid of the competition and have it all.
            I personally think that these corporations aor companies who have caused the problems by leaving should be penalized by do away with their USA advantages and charging them an import duty on their products, it is industry which makes a country great ,and it is the workers who make the industry great. by moving the industry hurts the country they moved from in serious ways.
            HAVE A GOOD DAY

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