Chris Estes

As President Barack Obama gets ready for his first night in the White House the Honeymoon is ending. Wednesday begins his first full day as President.  Obama’s Presidency begins in a time of Economic Turmoil and trying times internationally.  It is unlikely that he will get a long honeymoon that has been extended to presidents past.

Pres. Obama inherits a two front war in the Middle East.  A weakened economy full of scandal and turmoil that directly effects the falling employment rates.  Many people from around the world will be  looking to the Leader of The Free World for guidance.

So to spare you the obvious problems that face America lets take a look at days gone by with information from the United Steelworkers Rapid Response.  Only history will tell the legacy of Former George W. Bush today’s stats are dim and perhaps indicative of how history will be written.

The Legacy of George W. Bush

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	When Bush Took Office	Today
Unemployment Rate	4.2%	7.2%
National Debt	$5.7 trillion	$10.6 trillion
Manufacturing Jobs	17.2 million	13.0 million
Americans without Health Care Coverage	40 million	46 million
Employers Offering Some Type of Insurance Coverage	69%	63%
Annual Premium Cost for Family Coverage	$6,230	$12,680
Americans in Poverty	31.6 million	37.3 million
U.S. Trade Deficit	$362 billion	$688 billion
Cost of College6 Public Private	$3,766 $17,377	$6,585 $25,143

1. U.S. Dept. of Labor, Bureau of Labor Statistics, Employment, Hours, and Earnings from the Current Employment Statistics Survey, Manufacturing Employment, 2000 & 2008.
2. Kaiser Family Foundation, Employer Health Benefits, 2008 Annual Survey.
3. Kaiser Family Foundation, Employer Health Benefits Surveys.
4. U.S. Census Bureau, most recent available data is for 2007.
5. U.S. Census Bureau, data is from a 12-month period of December-November for both timeframes.
6. College Board, Trends in College Pricing, data is for tuition and fees only.

Image from Counton2.com
Statistics eblast original source for USW.org

It looks as though the low gas prices are going away.  CNN is saying that gas prices are going back up after sliding down from the July 11th High that has hurt so many and aided in the economic crisis we are in now.  Though the gas prices going up is a good sign for gas and oil workers in the south as that means the demand for more fuel is rising.  Typically the winter months begin the rise up to the spring and summer travel season meaning more fuel.  This could be s sign of a strengthening economy.  When the demand goes up for fuel so does the demand for support of goods to supply.  Though this is only a hope for a need to supply jobs.  For me the gas industry directly effects my family.  If the off shore wells are in production that means my family business of making pipe for oil wells and pipeline is needed.  So in turn th gas price is a god send to support my family.

But rising gas prices are going to hurt others that are already hurting and don’t work in the industry.  So as a socially responsible citizen I try to transfer the funds to companies that make goods here.    So my buy American Attitude is in full swing.

I doubt the projection of $1 a gallon gas is probably not going to happen.  That failure is probably good.

Check out the CNN.com Artilce

Gas-price slide shifts into reverse, rises 12 cents in 3 weeks

(CNN) — The U.S. average price for regular unleaded gasoline rose by nearly 12 cents in the past three weeks, marking the first increase in six months, according to a national survey released Sunday.

“It is the first rise since July 11 last year when prices hit their all-time high,” said Trilby Lundberg, publisher of the survey.

The average price of self-serve regular unleaded gasoline is $1.78, according to the Lundberg Survey, which is based on responses from more than 5,000 service stations nationwide. The latest survey looked at prices January 9.

“The price had to hit bottom sometime,” Lundberg said.

She said part of the reason for the price spike is recent indications of production cuts among OPEC members, which are aimed at driving up oil prices during a time of year when there is a decreased demand for gasoline.

“January historically is the lowest gasoline usage month,” Lundberg said.

Despite the increase, gas prices are still $1.29 lower than they were on January 11, 2008, she said.
Drivers in Billings, Montana, had the cheapest gas on average, paying $1.34. Motorists in Anchorage, Alaska, paid the most, at $2.32.

Birmingham SEO an Alabama Based Search Engine Company and ask me to put this on my blog.  So certainly I am happy to oblige as I feel this is an atrocity. Below is copied and pasted from a blog post at BHM SEO announcing their support of Buy Alabama.

On Wednesday night Birmingham News Source CBS 42 the 10:00 broadcast announced that a boycott of Alabama had been started. The boycott is calling to boycott Alabama made goods and not patron Alabama’s tourism. The website was basing this off the fact that Senator Richard Shelby has made comments that aren’t pro bailout. While we are unsure at this time of these statements we do know that this is an attack on the good hard working people of Alabama.

In response to this atrocious action from a group in Michigan we have launched a response ourselves that is currently in development to help promote the business of Alabama. We started the site Buy Alabama. This site will be used to develop a place where Alabama Business can feature their products. We also plan to in the future open up a store showcasing some of the products to be bought and sold direct from the site. The store is just an idea and no plans are being made. Birmingham SEO will be providing the Search Engine Marketing and Optimization plan for the website for free as a duty to promoting our state.

We also believe as a duty that we help promote the whole of the US and buy American Made. You can find out more on American Made products from Made In The USA. We do not wish to boycott any state and only encourage buying American but Buying Alabama is Buying American.

I am not going to give a link to the group that is calling for the boycott but lets just say it is one crazy nut that doesn’t like Senator Shelby.  Though I know Joe Babisiaz is trying to earn support for bailing out the Big Three.  Which as you know I am fan of.

Message to Joe:

Calling for a ban on Alabama is down right un-American and wrong.  You state on your website “this is not an attack on the hard working people of Alabama”. Then what do you call it an attack on our Senator? The Senator is a hard working Alabamian and the same as attacking the car maker in Alabama. That’s right you may envy we are making good cars in Alabama that aren’t going through Financial Trouble.  But here in Alabama we buy American Made cars. We even buy Detroit made cars.  I can proudly say that most people I know in Alabama want to see the jobs of millions of American’s secure.  We all want secure jobs.  So don’t boycott Alabama buy American and build something Americans can be proud of.

I know you are just a front line worker that is afraid you may loose your job.  Senator Shelby doesn’t want you to loose your job.  He wants to ensure things are in order and bad business mistakes are not rewarded.  The cars you make are of top quality in your job.  But the problem is the decision makers – the management.  If it were up to you – you would build the best and only car on the road I get that.  But build something every kid wants, every grandmother is safe driving in and, something that gets good fuel economy and lowers emissions. Something where the bumper doesn’t fall off.  That is all Senator Shelby is saying.  He isn’t trying to punish you he is trying to right the company.

Senator Shelby is trying to protect Alabama.  He doesn’t want the citizens of Alabama to have to pay for the mistakes of a few greedy managment level automakers.  If true measures are in place that will benefit the overall life of Alabama voters Senator Shelby will support it.  But if measures in place are not there to safeguard us he will not.

There is no reason to call for a boycott of Alabama.  I kindly ask that you end the boycott and your fellow Americans for help in supporting your effort instead of dividing the country.  Because like you said we are all American’s and plenty of Alabamians support the Bailout with oversight.  Without oversight it is just like giving a college kid money  experiments or lab time or Beer and food?  So if there is some oversight we might be able to get something from it.  Like a stable auto market full of good paying jobs.

What I am telling you is your strategy is wrong.  You should be trying to unite everyone to get behind you instead of isolating and picking fights.  We are your brothers and sisters.  Embrace us and we can help.

Oil Executive Joe Petrowski, CEO of Gulf Oil is predicting $1 a gallon gas in early 2009.  In an article at TheBostonChannel.com shares a perspective on the oil & gas industry.  Petrowski stated that the industry often overreacts.  Read more about the Gulf Oil wholesaler’s statements.

Though my pocket will certainly enjoy the break in fuel prices, but gas prices this low will effect American Crude oil prices.  Oil and Gas producers likely can’t afford to produce at rates that low long-term.  I don’t want to give out any ideas – some company’s may not be able to weather the cost of production – thus creating another gap.  With prices so low the “Drill-Baby-Drill” days of Sarah Palin wont be feasible.

I’m not saying raise prices of fuel – I am pointing out the cost of inflation.  Also I would like to point out the obvious that when Wall-Street and the Auto Industry get bailed out the Oil and Gas industry will be next.  Just when hope is insight the real work has just begun.  I am no economist but throwing money at Wall-Street and the Auto Industry is only part of the solution – some fundamental change has to be made. When in times of peril we turn to the Government to solve the problem – to paraphrase Sharat (@ravehead) – “recovery will not come from expensive/shiny titles, but from the ranks”.