I read "NEW YORK - President Bush sought to assure anxious world leaders on Monday that the United States is taking "bold, aggressive, decisive action"" in my RSS feeds this morning...and thought, "bold aggressive, and stupid".
Have the lost the concept of "free market" an idea that has been the envy of the world?
The bright side - We don't have to think before making financial decisions anymore, the government will bail us out!
---Posted via Centro---
Well there goes "free market"
Bush Team, Congress Haggle Over $700B BailoutWASHINGTON — Strapped homeowners could get government help renegotiating their mortgages as part of the $700 billion financial bailout legislation taking shape in Congress.
...
Lawmakers on both extremes of the political spectrum assailed the plan as a massive, poorly conceived bailout. Conservative House Republicans and liberal House Democrats both huddled privately Monday to express their concerns, and they were drafting their own legislative alternatives.
"Poorly conceived", I'd say taking a large portion of a "free market" and putting it under government control is "poorly conceived"...maybe more like idiotic!
This is really a good read and makes sense if someone from the president on down will read before making taxpayers responsible for bad business decisions...and past "bad governing" that got us here in the first place...
The Corner on National Review OnlineIt’s time to end the silence and clear up the confusion.
Congress has an obligation to protect the taxpayer.
Congress has an obligation to limit the executive branch to the rule of law.
Congress has an obligation to perform oversight.
For those of you interested in more than a free ride you might find this a good read. Be careful though the numbers will tell you something that you have never heard before - Lower taxes work,
...precisely what supply-siders predicted would happen with lower tax rates on capital gains, dividends and income. The economy and earnings would grow faster, which they did; investors would declare more capital gains and companies would pay out more dividends, which they did; the rich would invest less in tax shelters at lower tax rates, so their tax payments would rise, which did happen.
Their Fair Share - WSJ.comThe data show that the 2003 Bush tax cuts caused what may be the biggest increase in tax payments by the rich in American history.
Barack Obama says he's going to cut taxes for those at the bottom, but that's also going to be a challenge because Americans with an income below the median paid a record low 2.9% of all income taxes, while the top 50% paid 97.1%. Perhaps he thinks half the country should pay all the taxes to support the other half.
I know what you are thinking the rich paid more...YES, no matter what a liberal tells you!
Technorati Tags: taxes, mis-information, lower taxes, tax cuts
Here we go - The flood is going t be blamed for rising corn prices, which will cause rising beef prices...
AND other commodities such as soybeans will be on the rise for the shortage of corn.
But, they are blaming the flood and eventually I foresee the government and President Bush ultimately being blamed.
What they want tell you - Al Gore and his "fear tactics" are much more to blame then any flood!
Did you know that in 1994 Al Gore was the deciding vote on a bill extending an EPA regulation requiring ethanol to be added to the nations gasoline supply - This bill also raised the amount of ethanol mandated to dilute our gas.
Record corn prices mean more expensive meat, dairyNEW YORK (AP) - Raging Midwest floodwaters that swallowed crops and sent corn and soybean prices soaring are about to give consumers more grief at the grocery store.
It's a similar story for U.S. beef producers who are spending a whopping 60-70% of their production costs on animal feed. That number will rise as corn prices hover near an unprecedented $8 a bushel.
Corn drops as high prices prompt demand worriesVeraSun Energy Corp., the largest U.S. ethanol producer, said this week it will delay the opening of two new ethanol plants — one in Iowa, the other in Minnesota — because of high corn costs and other market conditions.
Corn can be used to make ethanol, which in turn can be used as a substitute for, or additive to, gasoline.
High corn prices are also hurting livestock owners, who spend more than 50 percent of their production costs on corn to feed their cattle, hogs and chickens. Some livestock owners are now faced with slaughtering parts of their herds or flocks to cope with rising feed costs, a move that will mean higher beef, chicken and pork costs later this year, analysts say.
Other agriculture commodities also fell Thursday. Soybeans for July delivery fell 10.5 cents to settle at $15.455 a bushel on the CBOT, while July wheat dropped 23 cents to settle at $8.81 a bushel.
By the way, according to the National Review, "the venture capital group Gore joined in November, Klein Perkins Caufield & Byers, has investments in Amyis and AltraBiofues. One of the key partners of this firm, John Doerr, is advoctiong legislation that would expand bio fuel usage...an astonding number of dollars invested in agritechnology companies by Gore and fols connected to him..." - Proving fear is as good of a business tool as it is a governing tool.
For those of you that believe biofuels are saving the planet - Don't look at those third world counties who are starving, just remember you are saving the planet with your biofuel, to heck with what it does to food cost and poor countries food supply. Biofuel sure doesn't lower fuel cost; however, drilling and building refineries would, not maybe, it will!
Technorati Tags:
al gore,
biofuels
Cal Thomas has a good column on oil, it's prices, and what we could have done! We can still do some of this, but the impact would be years away... But the dirty little secret - "Big Oil" ain't the major problem, those that want you to believe "Big Oil" is the problem, is the
problem.
In Defense of 'Big Oil' According to government estimates, there is enough oil in areas accessible to America - 112 billion barrels - to power more than 60 million cars for 60 years. The Outer Continental Shelf alone contains an estimated 86 billion barrels of oil and 420 trillion cubic feet of natural gas. Had President Clinton not vetoed exploration in the Arctic National Wildlife Refuge (ANWR) in 1995, when oil was $19 a barrel, America would currently be receiving more than 1 million barrels a day domestically, all of it taken by better technology than existed more than 30 years ago. That was when the Alaskan pipeline was built despite protests from environmentalists who claimed it would destroy the caribou. It didn't, but the environmentalists are back with the same discredited arguments. Because most of the oil remains "off-limits," we are becoming more dependent on foreign oil.
Technorati Tags:
big oil,
gas prices,
supply&demand
But, but, but....that isn't suppose to happen! I know it is an election coup by the Republicans!
Gas prices fall to lowest level in '06WASHINGTON (AP) — The price of gasoline has fallen to its lowest level of the year. The federal Energy Information Administration said Monday that motorists paid an average of $2.226 a gallon for regular gas last week, down 3.5 cents from the previous week.
