How long will Americans tolerate Obamanomics?

Bank lending is finally leveling off. Of course, the government is a competitor, because banks rather lend to the government at zero risk. If a bank borrows money at 0.25% interest and the govt pays the bank 3% or so for borrowing it, it's a led-pice cinch who will be the borrower.

But, the issue is more complicated than just the government fattening some of the banks. The very failure of Keynesian economics is being proven right in front of our eyes. Look at the second graph down. It tells us of the efficiency of money borrowed in terms of economic growth. We see that Keynesian spending to stimulate the economy has gotten less efficient over the years untill during the Obama regime a dollar borrowed and spend by the government actually reduces economic growth. The reason is because the Obama regime destroys segments of the economy and borrows the money to "rescue" it. Thus, no economic growth is possible.

The key to economic growth is energy consumption and generation. The estimated energy use in the world will increase most rapidly in emerging Asia (third graph down). In fact, we see that China is increasing oil consumption rapidly even now(fourth graph). OPEC nations have increased oil use by 50%.

The US could produce synthetic petroleum from natural gas with present technology, but the Obama regime is against using cars. While the regime pretends to favor alternative energy, the DOE has turned down loan guarantee requests for for the building of the American centrifuge by USEC or geothermal power plants by RZ and HTM. Even the supposed support for electric cars is phoney. While, the DOE has granted some $200M for researching electric motors, RZ had produced an electric Hummer with an efficiency of 100 miles per gallon of gasoline used. Since, pick up trucks comprise 40% of the vehicles in the country, using Raser's electric motor could reduce oil consumption by close to 30%. But, what the regime is after is not producing more energy and more growth, but to make us a poorer country where people are dependent on the government. And the regime has managed to put a third of the construction industry out of work.