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POPSWall Street Likes The Bailout Plus Drill, Drill, Drill
But my thought is that a Senate victory might just blow Pelosi out of the water and open the floodgates to Democratic defections in the House. If a drilling bill ever passes Congress, oil prices will keep on plunging — perhaps all the way to $75 a barrel, which is the profitable break-even point for lifting the extra barrel of oil. That would drive the Dow to somewhere between 15,000 and 16,000, and it would have a huge tax-cut effect on the economy. And, of course, it could completely change the November election outlook in a highly favorable way for the GOP. The conventional wisdom says Republicans are gonna get clobbered again this fall. But drill, drill, drill would overturn that wisdom. More drilling today would have the potency of the Reagan tax cuts 28 years ago in the 1980 landslide race. But the GOP has got to make the case. And deregulating oil, which is great policy, would offset much of the bad policy pain coming out of the Fannie-Freddie housing bailout.
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POPSSchawarzenegger Threatens to Pay State Workers Minimum Wage It's amazing how cavalier rich people in power can be about the wages of working people. Load mountains of federal debt to fund tax cuts for the rich and enrich Big Oil in Iraq or, in this case, slash their wages only to score a political point. It amounts the same callous indifference about the needs of the average working person and family. It's no comfort that they will receive their full pay later on. Can they pay their creditors without penalty under the same arrangement? We all know the answer to that one, don't we.
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POPSIrony defined in dropped VETO ! Republicans mad claim this is bail out for irresponsible homeowners ! Not the great decision to go to war or how about this Budweiser as imported beer + 600 starbuck's closing.No coffee! No Beer! No jobs just bad homeowners?
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POPSIllegal's registered to vote? This qualifies as a DUH report. I mean did anyone actually believe that people who bust across our borders and sponge off our government social services would actually bother to follow the rules and register to vote? I wonder if Nancy Pelosi along with Obama's ACORN organization are signing these illegals up to vote for Obama? And we thought the Republicans where the only ones who stole elections! Do I hear a collective DUH? This surely explains how we ended up with a candidate like Obama for Pres.
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POPSGOP Convention Lacks Enthusiasm I wonder if they'll realize that forced enthusiasm looks even worse than no enthusiasm? The piece also tells us that while Obama can expect good coverage during bona fide swing state Colorado's DNC, McCain's down double-digits in Minnesota -- happy photo ops aren't nearly as likely as big protests.
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POPSPelosi: The Power Of One "In the House, the power rests in the speaker, the power of recognition, of setting the agenda. . . . Very different rules," Pelosi said. Acknowledging her ability to influence decision-making, Pelosi said in the CNN interview that she gets to operate differently than her Senate counterpart, Majority Leader Harry Reid of Nevada. Reid must reach out to Republicans to muster 60 votes — enough to stop a filibuster — to get anything done. It's an example of the vast power placed in the office of the speaker, who sets the agenda for the 435-member House. Members can force a vote if enough of them sign a petition, but that's a rarity because it requires rank-and-file Democrats to line up against their boss. In this case, Pelosi is going against a rising tide of public opinion. Faced with rapidly increasing gasoline prices, 73 percent of Americans now favor offshore drilling, according to a poll conducted by CNN/Opinion Research Corp.
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POPSThe Republicans have their own private army Whether they win in 2008 or not, the Republican Party has used the last eight years and billions of dollars of tax dollars to build their own private army. This video is a quick summary of the details and their significance. http://www.brasschecktv.com/page/368.html
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POPSDemocrats for More Drilling for Dollars Where are the strong alternative action we have been promised since the 70ties? Where is the strong leadership of the Democrats? All seem to cave in to fear of looking weak. Is there anyone among them left that will speak out. Too FEW, I say. They need some fire under their ass...ets!!!!
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POPSFACT: US economy does better under Democrats Graphic proof: Democratic admins usually bring growth in jobs, GDP, and stock values; Repub admins bring deficits, greater gap between rich and poor. If blue-collar Americans ever understand this, it'll be mighty bad news for Republicans.
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POPSObama’s $50 Billion AIDS Bill Up For Vote However, the United Nations over the years has greatly exaggerated the number of those with HIV/AIDS and it is still difficult to get accurate estimates of the problem. Richard Darling of the FAIR Foundation told AIM on Friday that federal funding for most diseases is being cut back while spending on AIDS is continuing to rise. fairfoundation.org/ On Friday, the Senate voted 65-3 to proceed to floor action on the bill, with many members absent or not voting. Those voting to invoke cloture and proceed included Senate Republican Leader McConnell. However, this does not mean that all of those voting to bring the bill to the Senate floor will support it when a final vote on the actual legislation is taken. Some lawmakers have been intimidated by AIDS activists coming to Washington to deliver funeral wreaths to those standing in the way of the passage of the legislation. Opponents of the bill have been labeled as “Global AIDS Super villains” by the homosexual lobby.
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POPSBravo For Bush And Bravo For The Traders Well, if Congress moves to seal the deal, oil prices will probably keep on falling. That’s the way traders work. They discount the future. Psychology and expectations can turn on a dime. The congressional ban on offshore drilling expires September 30, so that becomes a key date. A new report from Wall Street research house Sanford C. Bernstein says that California actually could start producing new oil within one year if the moratorium were lifted. The California oil is under shallow water and already has been explored. Drilling platforms have been in place since before the moratorium. They’re talking about 10 billion barrels worth off the coast of California. There’s also a “gang of 10” in the Senate, five Republicans and five Democrats, that is trying to work a compromise deal on lifting the moratorium. So it’s possible a lot of action on this front could occur much sooner than people seem to think. Deregulate, decontrol, and unleash the American energy industry.
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