"President Barack Obama has chosen a curious moment to release 30 million barrels of oil from the nation's Strategic Petroleum Reserve. The president initially justified the release as protection against disruptions in supply caused by the conflict in Libya. Later, the administration changed the explanation, saying Obama hopes to stabilize gasoline prices going into the summer vacation driving season. Libya is an important source of oil. But the fighting there has not had a major impact on supplies. And oil prices have fallen back in recent weeks from their yearly highs. ... As we've said when previous presidents considered using the reserve to influence short-term prices, that's not what the stockpile is there for. The reserve is designed to shield the American economy from dramatic disruptions in the oil supply. Such a major cutoff hasn't happened. Using the reserve to manipulate market prices is a futile enterprise. ... The president's decision to release oil reserves, coming at a time when his approval rating is sinking, opens him to criticism that his re-election campaign is driving his economic and energy decisions. He can claim credit for future declines in gasoline prices that may have occurred naturally. If the priority of the administration is now to keep gasoline cheap, it should also drop its opposition to increased domestic oil production, which would have a larger impact on long-term oil prices than would tapping into the reserve. Likewise, that goal should also inform its current considerations of sharply higher fuel economy standards for the automotive fleet. ... In any case, the release of the oil reserves in response to fluctuations in the market is not sound policy."
The Detroit News
Showing posts with label obamanomics. Show all posts
Showing posts with label obamanomics. Show all posts
Wednesday, June 29, 2011
Tuesday, May 17, 2011
Enough Is Enough
There are certain times in life when a man is faced with overwhelming adversity... times when he has no reason to adhere to society's norms anymore. It is in these instances that the true quality of his character comes shining through. One of these situations is when he's broke. Dead, flat broke. Some people, even when staring deep into their own financial abyss, still hold to their moral principles, honor their obligations, and keep their word.
For others, the boundaries of morality are quickly blurred into shades of gray, and things like fraud, thievery, and deception become perfectly legitimate tactics in their minds.
Speaking of broke, faced with what is tantamount to the official insolvency of the United States of America, policymakers have opted to seize funds from the retirement accounts of public sector workers in order to keep the government running.
Wow. America's leaders are willing to engage in cannibalistic thievery in order to continue funding government operations. I wonder what sorts of operations are so important that they are willing to steal from their own people in order to finance? Any ideas?
Apparently, starting a shooting war in Pakistan was at the top of their list.
In the most insulting, disingenuous display of insensitivity and lack of regard following such a momentous financial decision, the US Defense Department decided to send helicopters into western Pakistan in a search for more ghosts. Pakistani military fired on the choppers, and the choppers fired back.
Seems like a good use of confiscated funds, no?
Never fear, though, the cracker jack squad of politicians in the 112th Congress is clearly hard at work, spending all of their time and attention at resolving the debt crisis and budget troubles.
Rep. Sheila Jackson-Lee of Texas, for example, proved to America that she's focused like a laser beam when she introduced bill HJ Res. 64 on Friday afternoon. What exactly is HJ Res 64? It's a resolution to express support for designating September 2011 as Gospel Music Heritage Month.
The similarities to Nero playing his fiddle are all too obvious.
Adding injury to insult as it were, Ms. Jackson-Lee followed up HJ Res 64 with the introduction of HR 1900, yet another bill to give TSA sweeping powers over "surface transportation" such as train stations and bus terminals. Now you can be molested in planes, trains, and automobiles. Coming soon: shopping malls!
Not to be outdone by Ms. Jackson-Lee, Senator Barbara Boxer just introduced Senate res 177 to designate May 15th through May 21st 2011 as "National Public Works Week." Wait a sec... that's this week! Well what are we waiting for, comrades!?! Grab a shovel, there's dams to build!
To cap things off, President Obama is getting ready for his highly publicized trip to Ireland next week where he will visit the ancestral home of his great great great grandfather, a small town called Moneygall.
About 298 people live in Moneygall. The town has swelled for the last two months as US Secret Service agents and the President's administrative entourage have descended upon the town to prepare for his visit. Important issues must be tended to... such as, "what kind of beer will the President drink?"
I couldn't even begin to estimate what the cost of this trip will be to US taxpayers... but somehow I doubt it's worth a single penny of seized funds.
Like I said, there are certain times in life where a person's true nature comes shining through. The government is telling us here that, even when faced with insolvency, it will happily confiscate any source of capital it can, and then continue squandering it all on useless folly.
It really leaves me wondering when people are going to wake up and say to themselves, "Enough is enough!"
Reprinted from : Simon Black Senior Editor, SovereignMan.com
For others, the boundaries of morality are quickly blurred into shades of gray, and things like fraud, thievery, and deception become perfectly legitimate tactics in their minds.
Speaking of broke, faced with what is tantamount to the official insolvency of the United States of America, policymakers have opted to seize funds from the retirement accounts of public sector workers in order to keep the government running.
Wow. America's leaders are willing to engage in cannibalistic thievery in order to continue funding government operations. I wonder what sorts of operations are so important that they are willing to steal from their own people in order to finance? Any ideas?
Apparently, starting a shooting war in Pakistan was at the top of their list.
In the most insulting, disingenuous display of insensitivity and lack of regard following such a momentous financial decision, the US Defense Department decided to send helicopters into western Pakistan in a search for more ghosts. Pakistani military fired on the choppers, and the choppers fired back.
Seems like a good use of confiscated funds, no?
Never fear, though, the cracker jack squad of politicians in the 112th Congress is clearly hard at work, spending all of their time and attention at resolving the debt crisis and budget troubles.
Rep. Sheila Jackson-Lee of Texas, for example, proved to America that she's focused like a laser beam when she introduced bill HJ Res. 64 on Friday afternoon. What exactly is HJ Res 64? It's a resolution to express support for designating September 2011 as Gospel Music Heritage Month.
The similarities to Nero playing his fiddle are all too obvious.
Adding injury to insult as it were, Ms. Jackson-Lee followed up HJ Res 64 with the introduction of HR 1900, yet another bill to give TSA sweeping powers over "surface transportation" such as train stations and bus terminals. Now you can be molested in planes, trains, and automobiles. Coming soon: shopping malls!
Not to be outdone by Ms. Jackson-Lee, Senator Barbara Boxer just introduced Senate res 177 to designate May 15th through May 21st 2011 as "National Public Works Week." Wait a sec... that's this week! Well what are we waiting for, comrades!?! Grab a shovel, there's dams to build!
To cap things off, President Obama is getting ready for his highly publicized trip to Ireland next week where he will visit the ancestral home of his great great great grandfather, a small town called Moneygall.
About 298 people live in Moneygall. The town has swelled for the last two months as US Secret Service agents and the President's administrative entourage have descended upon the town to prepare for his visit. Important issues must be tended to... such as, "what kind of beer will the President drink?"
I couldn't even begin to estimate what the cost of this trip will be to US taxpayers... but somehow I doubt it's worth a single penny of seized funds.
Like I said, there are certain times in life where a person's true nature comes shining through. The government is telling us here that, even when faced with insolvency, it will happily confiscate any source of capital it can, and then continue squandering it all on useless folly.
It really leaves me wondering when people are going to wake up and say to themselves, "Enough is enough!"
Reprinted from : Simon Black Senior Editor, SovereignMan.com
Wednesday, October 20, 2010
Sunday, April 18, 2010
A few of the new taxes, etc under the new Obamacare Act
• There is a new tax on home sales of 3.8%. This will hit middle-income people who are "'rich' for only one day" as they sell a house and buy a new one.
• There are $15.2 billion in new taxes on the middle class as DemCare severely restricts the medical expense deduction, which is widely used by families who have a serious illness or are elderly.
• According to Sen. Diane Feinstein (D-CA), there is a huge new loophole in the bill as nothing prevents health care companies from raising rates by any amount.
• The bill will lead to a dramatic shortage of doctors -- around 150,000 doctors almost immediately -- because the pool of newly insured welfare DemCare recipients has expanded so dramatically.
• There are $15.2 billion in new taxes on the middle class as DemCare severely restricts the medical expense deduction, which is widely used by families who have a serious illness or are elderly.
• According to Sen. Diane Feinstein (D-CA), there is a huge new loophole in the bill as nothing prevents health care companies from raising rates by any amount.
• The bill will lead to a dramatic shortage of doctors -- around 150,000 doctors almost immediately -- because the pool of newly insured welfare DemCare recipients has expanded so dramatically.
Saturday, March 27, 2010
Road rage, accident centers on Obama bumper sticker - WKRN, Nashville, Tennessee News, Weather, and Sports |
Road rage, accident centers on Obama bumper sticker - WKRN, Nashville, Tennessee News, Weather, and Sports
This goes both ways, of course. My wife was driving in Atlanta on Friday with a bumper sticker that says "Obamanomics- Trickle Up Poverty" and was followed into a parking lot and then the other driver pulled up next to her and spit on her. I would have liked to have been with her when it happened, because I carry a Kimber .45, and would have had to defend her with it.
This goes both ways, of course. My wife was driving in Atlanta on Friday with a bumper sticker that says "Obamanomics- Trickle Up Poverty" and was followed into a parking lot and then the other driver pulled up next to her and spit on her. I would have liked to have been with her when it happened, because I carry a Kimber .45, and would have had to defend her with it.
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