Bush Revokes Daddy's No Drilling Order:
Bush ordered off shore drilling, overturning the 1990 order signed by his father prohibiting the drilling. However, the congress would need to do the same before any drilling could take place.
Such drilling will have no effect on the price of gasoline or heating oil, as it would not begin to produce oil, if it produced any at all, before at least another ten years has passed. (See NPR.org.) (See The New York Times article.)
The Dude pleading for your vote in 2004: "Give me a chance to be your president and America will be safer and stronger and better." — George W. Bush, Marquette, Michigan, July 13, 2004. (Safer for a few rich folks to stay rich, stronger if a few powerful people gaining more power is what was meant, better for the oil companies.)
Bet you wish you could start a business like this:
Fannie and Freddie are private businesses created at the mandate of the federal government. If they make a profit, that profit goes to the owners (stock holders); if they lose money, the taxpayers bail them out. That's guaranteed. They have no requirement to conduct business in a responsible fashion and every reason to take risks. Bet you wish you could start a business like that. It's kind of like the government creating a lottery and then reimbursing everyone who fails to win for the price of their tickets.
Sudan's President Charged with Genocide:
The prosecutor at the International Criminal Court made a formal request today for an arrest warrant for President Omar Hassan al-Bashir, charged with crimes against humanity. (See The New York Times story.)
NOTE: Did you know that a number of members of the Bush administration have been warned by their councilors not to travel outside the United States for fear they will be arrested for crimes against humanity?
Bouncing like a Red Rubber Ball:
Fannie and Freddie's stock price has been doing the yo-yo thing today on Wall Street as buyers and sellers react to the current situation. (See The New York Times story.) About half of American home loans are backed by the two companies.
Bush ordered off shore drilling, overturning the 1990 order signed by his father prohibiting the drilling. However, the congress would need to do the same before any drilling could take place.
Such drilling will have no effect on the price of gasoline or heating oil, as it would not begin to produce oil, if it produced any at all, before at least another ten years has passed. (See NPR.org.) (See The New York Times article.)
The Dude pleading for your vote in 2004: "Give me a chance to be your president and America will be safer and stronger and better." — George W. Bush, Marquette, Michigan, July 13, 2004. (Safer for a few rich folks to stay rich, stronger if a few powerful people gaining more power is what was meant, better for the oil companies.)
Bet you wish you could start a business like this:
Fannie and Freddie are private businesses created at the mandate of the federal government. If they make a profit, that profit goes to the owners (stock holders); if they lose money, the taxpayers bail them out. That's guaranteed. They have no requirement to conduct business in a responsible fashion and every reason to take risks. Bet you wish you could start a business like that. It's kind of like the government creating a lottery and then reimbursing everyone who fails to win for the price of their tickets.
Sudan's President Charged with Genocide:
The prosecutor at the International Criminal Court made a formal request today for an arrest warrant for President Omar Hassan al-Bashir, charged with crimes against humanity. (See The New York Times story.)
NOTE: Did you know that a number of members of the Bush administration have been warned by their councilors not to travel outside the United States for fear they will be arrested for crimes against humanity?
Bouncing like a Red Rubber Ball:
Fannie and Freddie's stock price has been doing the yo-yo thing today on Wall Street as buyers and sellers react to the current situation. (See The New York Times story.) About half of American home loans are backed by the two companies.
Labels: Politics, The Economy
posted by Jim | 4:04 PM
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