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Posts Tagged ‘stimulus plan’

President Obama was in Williamsburg, Va., addressing  the House Democrats saying the stimulus bill could end the “tyranny of oil, “and blames the entire economic meltdown of the GOP and GWB. 

“Bolivian president Jorge Quiroga recently remarked that two key commodities, oil and cocaine, enter the United States duty free while the U.S. Congress debates duty-free entry of legal products from the United States…” http://www.latinbusinesschronicle.com/app/article.aspx?id=3129 

Congress is debating a lot of things, but it would seem that this stimulus bill isn’t going to stimulate anything but more angst for everyone. Why would Obama allow House Democrats to draft his stimulus legislation in the first place? What could he have been been thinking.  http://www.forbes.com/2009/02/05/obama-stimulus-republicans-opinions-columnists_0206_peter_robinson.html?partner=popstories

Apparently, it all comes back to the black gold and blame for Mr. O, failing to realize that there have been plenty of bipartisan issues that created this fiasco.  Yes, three–quarters of oil is owned and controlled by the world’s governments.  Chevron, Exxon Mobil, BP , Shell, Valero, Conoco-Phillips and Marathon are part of the world’s largest and most powerful financial empires in and of themselves, recently announcing record profits.  Problematic, is the restrictions from drilling and exploration on U.S. Soil and Territories while Obama wants to go green.  Sarah Palin governs a treasure trove of oil and reserves that could certainly help our economy. 

Green is already breaking the state of California with businesses moving out of state and taking jobs with it before they have to pay cap and trade carbon penalties.   http://online.wsj.com/article/SB123336500319935517.html?mod=googlenews_wsj  “Green policies have a tendency to push states into the red.”  Green is not going to push up any daisies for America in the short term, either.

Antonia Juhasz, in her book, “The tyranny of oil- The world’s most powerful industry and what we must do to stop it,” http://www.npr.org/templates/story/story.php?storyId=95465269 says the business and politics of oil’s production pose such grave implications on so many fronts — the environment, human rights, the economy, worker safety, public health — that the current state of petroleum-industry affairs is fundamentally antithetical to democracy.  Antithetical to democracy?  Tell that to the Iraq’s who recently voted in a democratic election. 

Juhasz is also analyst with Oil Change International, a watchdog group, and is the author of “The Bush Agenda: Invading the World, One Economy at a Time.”  Want to bet she voted for Obama?   Obama is not blameless in taking in Oil Industry campaign donations, granted not as much as the Republicans. 

General James Jones, US National Security Adviser was nominated to the board of directors for Chevron.  http://www.scandoil.com/moxie-bm2/news/gen-james-l-jones-nominated-to-chevron-board-of-di.shtml  Jones said, “Americans are right to demand swift and sensible action to produce more energy right here at home…”   http://www.energyxxi.org/articles/Statement_from_General_James_L_Jones_USMC_Ret_on_expanding_US_oil_and_gas_access.aspx  Maybe there is hope yet.

In the first round of billions spent, a report due on Friday calculates Treasury put about $254 billion into financial institutions in 2008, but got only $176 billion in value.  “That’s a shortfall of about $78 billion,”  adding that Mr. Paulson “was not entirely candid” in his description of TARP’s bank capital injection program. http://www.nytimes.com/2009/02/06/business/economy/06tarp.html?em   Pauslon bought preferred stock in companies like General Motors and Citigroup.  I’ve heard of “Buy American”, but holy shit, Paulson wasn’t supposed to take it literally.

What the frig is O doing in Williamsburg anyways- the campaign is over.  We know, you won.  Sad thing is, we’ve already lost $78 billion.  A stimulus is supposed to be immediate short-term spending in an economic downturn, not a forever solution to every problem.  It is still winter on the calendar and just a few weeks into the Obama administration and capi­talism and globalization are freezing in the US. 

Someone get Obama a blanket cause the heat is on Mr. President.

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The O tactics are shoving socialism right down America’s throat, and I for one am choking. 

“Top executives at firms receiving extra-ordinary help from U.S. Taxpayers will have their compensation capped at $500,000.  A fraction of the salaries that have been reported recently”, said Obama. 

Say goodbye to capitalism.  In trying to improve everyone’s life, our new government under Mr. O will dictate how much money you can make. The government prints the money, is turning our banks toward national ownership and is taking another step toward socialism by limiting earnings. 

Obama’s team is giving away too many pieces of the pie.  Obama’s foremost adviser, his wife Michelle, said, “Most Americans don’t want much. Folks don’t want the whole pie.  Most Americans feel blessed to thrive a little bit. But that’s out of reach for them…someone is going to have to give up a piece of their pie so someone else can have more,”  transcribed from Glenn Beck at http://www.youtube.com/watch?v=zgc4zm3XrBc

It is more than just a redistribution of pie.  Wake the frig up- where has Mrs. Obama been to say that we feel blessed to thrive just a little bit?  Why go to work if your earning potential is limited and you have to feed everyone else while you do the work? 

Not only do I want all of my pie President & Mrs. Obama, but I want my cake and I want to eat it too.  I want to eat my pie on my terms, every last stinking crumb seeing as it was my hard earned paycheck that I alone earned to buy the pie in the first place.  I cashed it, I got the taxes taken out and I have the right to keep it all to myself; that is my prerogative.  Democracy is supposed to give me the right to share my pie, not require me.

In other news the stimulus bill which will take away more slices of my pie is making progress in the Senate.  “The bill is quite the cross between an over-decorated Christmas tree and an over-stuffed sausage, but that is to be expected.” http://finaxyz.blogspot.com/2009/02/stimulus-bill-progressing-through.html .

Forget dessert, pass the meatloaf.

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