THE DARK PICTURE

We have seen corruption, incompetence and extreme white collar crime nearly bring our country to ruin. Ruin. The government has bailed out the "too big to fail" crooks with our money and the money of future generations.

White collar criminals have literally sacked our country. It is as if the Vikings landed and just raped and pillaged the entire country, seeking to destroy the enemy and take everything that they had.

The Vikings took entire families of females, killed or committed the males to slavery. But the end result was the same as is happening to us today. Total destruction throughout the country, with the need of generations of time for recovery.

OK, I got that off my chest. I will not write many more bloggs about politics, unless it relates to our industry - the great American Oil industry.

Over

Jack

PROUD AMERICAN OIL MAN

I am proud to be an Americanoilman.

But, for the first time in my life, I am not proud to be an American.

Jack

Over

NOBEL PACIFIST PRIZE

Why not give Obama the prize for medicine also? He knows as much about medical science, and has accomplished as many medical breakthroughs, as he has accomplishments in world peace. His Obamacare surely qualifies him for the Nobel in medicine. Anyway, I gave up on the Nobel guys when they rewarded Gore for his fiction movie about global warming - which is now climate change.

This one really may be Bush's fault.

This administration has been blaming all their failures on George Bush. Most recently, they blamed Bush for Obama's failure to bring the Olympic games to Chicago in 2016. The blame game has been the favorite pastime for Obama since the beginning of his campaigning for the presidency. So now that something really could be blamed on Bush, we will not hear a word about it.

Why is it Bush's fault that Obama is receiving the prize? Simple. Europe has a long history of pacifist governments that hate the cowboy USA. Bush epitomized the western US cowboy who ran roughshod over all opponents. Obama is the new American president that sympathizes with the European pacifists. In a classic case of payback, the Nobel pacifists are rewarding Obama, in advance, for the future pacifist actions he will take as the new "global leader for everyone".

Let's see if he makes a Nobel pacifist decision about troop strength in Afghanistan. If he listens to his generals, can the Nobel committee take back their award?

Over

Jack

OBAMA'S OLYMPIC REJECTION SPEECH

This is how I think Obama will explain the Olympic rejection of Chicago. Here is his speech -

"I would like to take this opportunity to thank the committee for your gracious treatment of Michelle and me during this important time. I lent the honor of my Presidency to this noble effort because it is so important to the one world in which we live. It is to the young people in our world that I especially want to express my gratitude. For you have made me see the folly of our past ways.

It is now clear that the sins of our past eight years are continuing to victimize our great country. I inherited an international mess that extended into the international sports world. I want to apologize for the past actions of my country. I know in the past, American administrations have browbeat the Olympic Committee into accepting American cities for the Games. That is why I think it is only fair that the 'chickens come home to roost'.

I look at this NOT AS a personal rejection of my efforts, but as a reaffirmation of what I see as America's role in the future of our one great world. We in America can be a beacon of light showing others where not to go. A light house in the fog that says 'stay away from these rocky shores, do not go where we have tread'.

Thank you , and God bless our one great world".

Jack

Over

THE GREAT DEBATE: INFLATION OR DEFLATION

Economists are debating the question of whether the current decline in the US economy will result in inflation or deflation. Some believe that we will go into a downward spiral of depression era price deflation as the economy continues to decline and everything becomes cheap. Others believe that the government will hyper-print money and hyperinflation will result.

I am not sure what type of inflation we will get, but one thing is for sure - we will have inflation to deal with in the coming years. This country has way too much debt for any other outcome but inflation.

What can a country do if it has too much debt? What can a country do if they are taking in one trillion dollars a year and spending two trillion? There are four things a country can do to reduce debt to a manageable level:

1) You can pay back the debt. This is not going to happen. Strike one.

2) You can go bankrupt if you have too much debt and cannot pay it back. Not gonna happen in the US. Strike two.

3) You can grow your way out of debt through increased productivity and economic policies that promote growth through lower taxes on businesses and individuals. Not this administration. Strike three - you are out.

4) The only thing left is to inflate your way out of debt. Inflation is a monetary animal that is fed with more and more dollar printing. Devalue and print the dollar. Debt is then reduced.

Inflation is coming to a town near you. Got any oil? Got any gold?

Over

Jack

A TEACHING MOMENT

The White House is hosting a bit of "beer diplomacy". The President is trying to "walk things down" from the firestorm he created by saying the Cambridge Police "acted stupidly" by arresting his friend Professor Gates. Our president then went on to remind the country about how racial profiling is still a problem. Forget the hard fact that Black and Latino males commit a disproportionate amount of the crimes in America. That is not important for this teaching opportunity.The beer thing is a sham. Obama is trying to pretend that he and his friends are not ultra-elite persons of privilege. The liberal privileged class of intellectual aristocrats really look down on and hold a regular policeman in distain. Let's have a beer together (because that is what the lowly policeman understands) and afterwards, Professor Gates and Obama will share a fine bottle of French Bordeaux (because that is what the privileged understand).Obama is now going to use this as a teaching moment to show that racial profiling is still a problem and that we have a long way to go in this country. A country that his Attorney General said was a "country of cowards" when it comes to race. I have an idea. Let's use this as a teaching moment to show how a black professor wrongly used the claim of racism. Over................Jack

THE CAMPAIGNER IN CHIEF

Just three short months ago, our President had not really run anything. Oh, he ran a U.S. Senate office for two years and he was a community organizer for a few years. And, when Colin Powell was asked how he could endorse an inexperienced Obama, Powell said that Obama had run a very effective campaign. The running of an effective campaign was good enough experience for Powell. Well, we now see that Obama is putting his only experience to good use. He has done nothing but continue to campaign. He performs. He speaks. He blames his opponent, only his opponent has changed from McCain to Bush. That's right, he is now running against the entire history of the U.S. and more specifically the last eight years. Obama the world leader - or the world campaigner. As we see him apologize for the history of the U.S. in Europe and in Latin America, I am reminded of his association with Bill Ayres and his self association with Abraham Lincoln. Of these two Americans, with whom do you think he has the most in common? P.S. The Tea Parties across America on tax day were the real thing. I went to one in my community. No hate. Lots of patriots. Good Americans. Could this be the beginning of the awakening of the Silent Majority? Jack