September 1, 2012
The wheels on the bus go round and round, round and round, round and round. The wheels on the bus go round and round all over town.
We’ve had, at the least, a very interesting week here in the US. The Republicans cancelled the first day of their convention on Monday because of Tropical Storm Issac and then proceeded full speed ahead Tuesday through Thursday as Issac veered west into the Gulf and made landfall in Louisiana as a category one hurricane.
Despite all the preparations and evacuations, Mother Nature refused to be deterred, overriding a levee in one parish and squatting over New Orleans long enough to drop 20 to 30 inches of rain on unlucky Louisianans before moving on north across land into Arkansas as a tropical depression by Thursday. The remnants of Issac’s rain bands reached Missouri yesterday and here in Springfield it is still raining off and on.
Parts of Arkansas and Missouri got three to four inches; here we will be lucky (and I mean that sincerely) to get an inch or so in total. Even the three to five inches in parts of Arkansas and Missouri are a day late and a dollar short as far as drought relief goes, being around seventeen inches low on rain for the year around here. But, as they say, something is better than nothing, unless you got caught in some of the flooding.
In spite of their bow to the reality of a possible hurricane, once their convention got going, there was no mention of the little problem of global warming and climate change by Republican speakers there – unless you count Mr. Romney’s dig at the President, saying, Obama had promised to stop the rise of the seas and heal the earth. But there was a lot of promises about drill, drill, drill and energy independence from Mr. Romney.
Meanwhile, Mr. Obama gave Shell Oil the go ahead on drilling up in the Arctic Ocean and the energy department announced on Friday that it has awarded funding for thirteen research projects in eleven states to capture and turn methane hydrates into more fossil fuels to burn, burn, burn.
At the big Central Banker’s meet and greet up in Jackson Hole, Wyoming, this week, Mr. Bernanke reckoned he might consider a QE3 to poke the economy some more in spite of the fact that QEs 1 and 2 spent, spent, spent 2.3 trillion dollars doing the same thing with diminishing effects on anything except making the bankers richer. Next week, the European bankers will have their own meeting to, once again, figure out what to do about Greece, Spain and Italy.
Yet, with all this drill, drill, drilling; burn, burn, burning and spend, spend, spending, gasoline prices this labor day weekend are the highest they’ve ever been this time of year, food prices keep going up and wages and job quality keep going down. We’re spending down the last of the cheap, easy oil to produce the expensive dregs and setting the world on fire to do it. It’s not going to get appreciably better from here on.
And all this week, as I read the news, that little song about the wheels on the bus kept running through my mind. For it’s abundantly clear, the Masters of the Muddle who run the world are determined to drive that BusinessAsUsual bus full throttle ahead right into the brick wall and, whether the driver is a democrat or a republican, a liberal or a conservative, the wheels on the bus will go round and round … until they can’t go around anymore.
My advice is still the same. Get off the bus, now.