Wednesday, October 10, 2007

Oil, food, money and the dope addled brains of the GOP.

To make 1 gallon of gasoline you need to start with 2.15 gallons of crude oil.

Under optimal conditions it takes approximately 1.24 gallons of fuel to perform a single farming task on 1 acre of land.

You can make 230 gallons of ethanol per acre of corn.

Most bio-diesel made in the United States comes from soybeans, which yields only 70.13 gallons per acre.

The average steer produces 568 lb of beef.

To produce 1 lb of beef it requires between 2.6 lb to 16 lb (depending on data source) of feed.

A 1200 lb steer, from which 568 lb of beef is harvested, requires between 13.83 and 284 (depending on data source) gallons of oil.

Soybeans cost $10 per bushel, up from $7 per bushel in January of this year.

Corn costs $3.50 per bushel, up from $2.00 per bushel two years ago.

A bushel of wheat now costs $9.50, up from $5.00 per bushel in January.

A recent study in Montana shows that for a single adult the minimum living wage needed without asking for public assistance is $10.32 an hour, $20.97 for a single adult with two children. 40% of all job openings in the state pay less than $10.32 per hour. The study also found that the state’s median wage has risen by 9.1% since 2002 but the cost of health care has risen by 44% and the overall cost of living has shot up 19.7%.

Of the 56 counties in Montana, 46 have an average population of 6 or fewer people per square mile. In Chicago the population density is 12,000 people per square mile, average. In 2006, the City Council of Chicago attempted to enact a Living Wage Law, which would have required all employers to provide its employees with pay that would at least equal the minimum living wage for the city.

According to the US Census Bureau, in 2006 earnings dropped 1% and for the third straight year earnings lagged behind inflation. The number of uninsured Americans also increased in 2006 by a total of 2.2 million.

In yesterday’s GOP debate, candidate Fred Thompson said things look “rosy” when asked to describe the economic state of affairs in America today and "We have the second-highest corporate tax penalty in the world. We need to do better than that.” Rudy Guiliani said, "The possibilities for America in this global economy are endless”. Mitt Romney said, "It's inexcusable that Michigan is undergoing a one-state recession, that the rest of the country is growing”.

National Household Survey on Drug Abuse found in 2001 that more than 4.6 million Americans--a much higher number of individuals in need of professional help than had previously been thought--did not recognize their problem and were “in denial”.

The question is—will someone do an intervention for the Republican candidates about the economy and it’s effects on 90% of the American public?

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