Ideas to make money are left untapped

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After watching President Obama’s jobs speech that will infuse $447 billion dollars by hook or crook into the economy, I read about this costly blunder, taken off the Internet: “President Obama visited the solar company Solyndra on May 26, 2010, to tout his $535 million loan guarantee. On Aug. 31, 2011, Solyndra announced it was filing for bankruptcy and laying off 1,100 employees.” So much for “green jobs.”

Obama has involved government into the private sector, costing the American taxpayers unimaginable debt. If you are going to spend our money, then put it to good use by making money.

I believe that he should partner up on a 50-50 basis with the steel mills that have been shut down around the country, turning them into recycling plants as I have previously written. He could take the unspent stimulus money and unused Troubled Asset Relief Program money and revamp the mills.

There are billions of tons of scrap metal laying around the country that can be recycled and sold, all the while creating thousands of jobs and cleaning up our environment.

Instead of sending our scrap to places such as China and getting back junk, we could be using and exporting superior products.

Stringent laws could be passed to pay off the national debt. When that is done, our elected officials could put forth projects that we would vote on.

Having said that, I also believe that it’s time the people of this country get compensated by the oil companies that have been sticking it to us for years.

To put it into perspective, if the oil companies get permits to drill for oil on government-owned land and we the people are collectively the owners, then don’t we own the oil as well? There should have been an agreement from day one that we get a break on oil consumption because we own it. Right now, we are just partners without the benefits.

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desertcat6
1140
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desertcat6 09/26/11 - 05:35 am
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Not sure where to begin.

Not sure where to begin. Gregory J. Topliff's letter answers none of the hard questions and glosses over some others that need to anwered. First, why invovle the govt at all if this has so much potential?

1. "unspent stimulus money and unused Troubled Asset Relief Program money" THERE IS NO UNUSED MONEY. THE GOVT WOULD HAVE TO BORROW ANY MONEY TO FILL THE BILL BASED ON THE UNUSED PORTION OF APPRORIATION. AGAIN, WHY THE GOVT IF THIS IS A PROFITABLE IDEA?

2. "There are billions of tons of scrap metal laying around the country that can be recycled and sold." GREAT. PUT TOGETHER A BUSINESS PLAN WITH A COST BENEFIT ANALYSIS. IN OTHER WORDS, PROVE WHY INVESTORS SHOULD INVEST.

3. "all the while creating thousands of jobs and cleaning up our environment." DIFFICULT TO DETERMINE HOW MANY JOBS WITHOUT A BUSINESS PLAN THAT LAYS OUT ALL THE DETAILS. CLEANING UP SCRAP METAL, MILLING, PRODUCTION, TRANSPORT, SELLING, AND ASSOCIATED ACTIVITIES ALL HAVE AN IMPACT ON THE ENVIRONMENT. DOES THE ENVIRONMENTAL PRICE EXCEED THE CURRENT STATE?

3. "Instead of sending our scrap to places such as China and getting back junk, we could be using and exporting superior products" AT WHAT COST TO PRODUCE AND SELL, AND WHAT PRODUCTS? HOW DOES THIS WORK EXACTLY?

4. "Stringent laws could be passed to pay off the national debt." TAXES AND/OR SPENDING CUTS? ONE FREES UP CAPITAL. ONE REDUCES THE WILLINGNESS TO INVEST.

5. "our elected officials could put forth projects that we would vote on." ASSUME THERE IS SOMETHING MORE TO PROJECT DEVELOPMENT THAN POLITICIANS. WAIT A MINUTE, DON'T WE LIVE IN A REPRESENTATIVE DEMOCRACY? HARD TO BELIEVE WE WOULD GET MILLIONS TO AGREE WHEN CONGRESS CAN'T.

6. "it’s time the people of this country get compensated by the oil companies that have been sticking it to us for years." THE GOVT/WE ALREADY COLLECTS ROYALTIES ON THIS LEASED LAND PRODUCTION (http://www.api.org/policy/exploration/development.cfm).

carcraft
26024
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carcraft 09/26/11 - 05:45 am
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desertcat-not to mention the

desertcat-not to mention the taxes collected from oil companies!

southernguy08
499
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southernguy08 09/26/11 - 07:14 am
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Greg, you have the "audacity"
Unpublished

Greg, you have the "audacity" to mention making money? Don't you know that's only for the greedy? Get with the program, man.

justthefacts
22083
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justthefacts 09/26/11 - 08:58 am
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carcraft, some people will

carcraft, some people will claim that oil companies don't pay taxes. Funny.

desertcat6
1140
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desertcat6 09/26/11 - 09:47 am
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carcraft, yes they do pay

carcraft, yes they do pay taxes. Their emploees also pay payroll taxes, and we pay taxes on each gallon of gas and many other products that contain petroleum derivities directly and indirectly. Taxes are also paid on oil based products used in the process of production, packaging, distribution, and advertising of many organic products too.

Gasprices.com's list of products with petroleum includes air conditioners, ammonia, anti-histamines, antiseptics,artificial turf, asphalt, aspirin, balloons, bandages, boats, bottles, bras, bubble gum, butane, cameras, candles, car batteries, car bodies, carpet, cassette tapes, caulking, cds, chewing gum, combs/brushes, computers, contacts, cortisone, crayons, cream, denture adhesives, deodorant, detergents, dice, dishwashing liquid, dresses, dryers, electric blankets, electrician’s tape, fertilizers, fishing lures, fishing rods, floor wax, footballs, glues, glycerin, golf balls, guitar strings, hair coloring, hair curlers, hearing aids, heart valves, heating oil, house paint, ice chests, ink, insect repellent, insulation, jet fuel, life jackets, linoleum, lip balm, lipstick, loudspeakers, medicines, mops, motor oil, motorcycle helmets, movie film, nail polish, oil filters, paddles, paint brushes, paints, parachutes, paraffin, pens, perfumes, petroleum jelly, plastic chairs, plastic cups, plastic forks, plastic wrap, plastics, plywood adhesives, refrigerators, roller-skate wheels, roofing paper, rubber bands, rubber boots, rubber cement, rubbish bags, running shoes, saccharine, seals, shirts (non-cotton), shoe polish, shoes, shower curtains, solvents, spectacles, stereos, sweaters, table tennis balls, tape recorders, telephones, tennis rackets, thermos, tights, toilet seats, toners, toothpaste, transparencies, transparent tape, tv cabinets, typewriter/computer ribbons, tires, umbrellas, upholstery, vaporizers, vitamin capsules, volleyballs, water pipes, water skis, wax, wax paper, and on and on...

Chillen
17
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Chillen 09/26/11 - 11:55 am
0
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I believe the govt should

I believe the govt should partner up with NO businesses. In fact, they need to get out of the way and let legal capitalism work. We don't need or want any stinking socialism, marxism, statism or communism.

The only reason we are having trouble with capitalism is the governments choosing of winners and losers (crony capitalism - i.e. Solyndra, Serious Materials, Lightsquared) and it's oppressive rules, regulations and taxes.

Government needs to step aside and let us run our country. They are hindering growth, ingenuity and profitability.

Willow Bailey
20580
Points
Willow Bailey 09/26/11 - 12:18 pm
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The government is clueless

The government is clueless about how to manage money, much less make it. We don't need to reinvent or copy Europe's economy; we need to go back to what we know works which is the private sector, making it work on their own accord or going out of business. Propping up bad businesses is no different than enabling a drug addict; one bad decision after another, with a backup plan of a bail out.
The Obama Admin doesn’t get it, but they need to in 2012.

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