John Ransom

Doctor Roy wrote: I know you have problems with the other two but what's the problem with shared sacrifice?

Dear Comrade Doctor,

There is noting wrong with shared sacrifice if it’s the type of sacrifice Winston Churchill talked about when he told England he had “nothing to offer but blood, toil, tears and sweat.”

But that’s not what Obama is talking about. He’s talking about rewarding one sector of society, for example the flat-earth society which posses as global alarmists, against the poor and middle class who have to pay more for energy because of Obama.

Let me ask you this: Who the hell in their right mind would appoint someone Secretary of Energy who thinks that gas prices being substantially higher is a good thing for the country? Or tolerates people in their administration who think that crucifying oil and gas companies somehow serves a higher purpose.

I don’t care that Chu uttered those words about high gas prices when he was a private person. How do we take him seriously as a policy executive when he’s just that freakin’ dumb?

That’s not shared sacrifice. That’s a group delusion. We’re verging into territory where people have delusional views in the same way David Koresh’s followers did.

It spreads from the leader outward. 

This is no longer a presidential administration. This is a chapter from the Conrad novel Heart of Darkness- better known to Boomers as Apocalypse Now.    

Kris in  Kalfornia wrote: Just a reminder. When Obama took office on January 20, 2009, the average price of a gallon of Gas was $1.78. Here in CA, the lowest I can find these days is $4.05. If Obama's policies had worked and in light of his refusal to let the oil companies actually produce as much oil as they could if not for stupid rules and permit delays, how high would that be now if the economy had actually improved? $6,00 a gallon? $7? Even higher probably since supply and demand always dictates price.

Dear Kris,

I think the GOP would make a serious mistake betting on gas prices being high a few weeks out from the election. As we saw in 2008, gas prices can swing pretty rapidly.

I think we have entered a very dangerous economic period where a flash crash in commodity prices are not just possible, but likely.

Same goes with the stock markets. The banking crisis in Europe in no different that the one we faced in 2008 and 2009. The entire banking system “over there” is going to have to be recapitalized. That could cause serious problems in the US as well.     

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

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