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Our Investor-in-Chief
The president stands up to the oil demons.
Turned our to be a pretty bad bet. But at least it rewarded a few of his rich campaign contributors.
Obama said Saturday in his weekly radio and Internet address that he expected Congress to consider in the next few weeks halting $4 billion in tax subsidies, something he hasn't been able to get through Congress throughout his presidency. He said the vote would put lawmakers on record on whether they "stand up for oil companies" or "stand up for the American people."
"They can either place their bets on a fossil fuel from the last century or they can place their bets on America's future," Obama said.Hmmm, as I recall our Investor-in-Chief "bet" a couple billion of OUR dollars on 21st century solar companies like Solyndra.
Turned our to be a pretty bad bet. But at least it rewarded a few of his rich campaign contributors.
posted by Spencerblog at
9:45 PM
20 Comments:
Unbelievable that Mr. Obama is so out of touch with what is happening due to the impact of gas prices on every person in this country. Don't drive a car? Okay, but how about the price of everything you buy at the grocery store as a result of the increase in gas prices? Need to drive a car to get to work? How about the decline in your net spendable income after paying for gas to get to work? Obviously Mr. Obama doesn't (a) have to worry about grocery prices or (b) have to worry about the cost of gasoline for his limo and the multiple gas guzzling SUVs that accompany his motorcade to go to have a beer at an Irish pub in Washington this afternoon for a good-feel pre-election attempt to get the Irish vote. Instead he has to worry about the wasted dollars spent in subsidies to Solyndra and the bonuses that his donors will receive. Even Bob will find this hard to defend...
The president controls gas prices? And isn't it unrealistic to suggest that the president of the United States give up the protection and trapings that every other president is afforded?
Hey Charlie! Was that you and Jake that got kicked out of the Santorum rally?
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President Obama is an ideologue. Plain and simple.
The ONLY people to do well in this economy seem to be tied to the Obama administration in some way. Chicago politics don't work for the nation, but they keep trying to shove it down our throats!
Vote out this crazy administration and the democrats that are linked to it.
Danny - I've said this in the past & I'll say it again. I don't know if Obama will be reelected. I think it's going to be a tight race. However, you should really be careful of what you post. It might come back to bite you in the ass. If Obama wins, you're going to be eating a lot of crow. Remember. It's all archived. I'm not tied to the Obama administration & I'm doing ok. Even Romney admits the economy is on the upswing. From everything that I read and hear, gas prices are global and are affected more by speculators than anything else. Beyond the control of the president.
I am speaking my mind, and I've eaten crow in before. If the majority of voters in November don't get this guy out in November, then I have little faith in my fellow man from that point on.
I don't think it will be close. With gas at 4 dollars now, and maybe 5 dollars by May/June? President Obama will be a one term and one paragraph mention in the history books.
Danny - You have eaten crow. I've fed it to you. But on a serious note, if your party has any desire to win this election, they'd better get their act together. It's a fractured party, and according to John McCain, he's never seen a primary this ugly. Gingrich is a spoiler who doesn't stand a chance. Paul, who is against just about everything you are for when it comes to foreign policy, doesn't stand a chance. Santorum is now declaring war on porn and has for the most part offered few solutions to anything, and Romney, who designed the health care system that most Republicans deplore and who admits the economy is improving (remember the anyone but Romney cartoon you posted?) is like a transplanted organ that body Republican keeps rejecting.
I don't mind being wrong if I learn something. I do mind when a sitting President tears down the Constitution of the United States.
This guy has no clue how to run a country!
Danny - Here's the deal. I won't be too worried if Romney is elected, because if you look at his history, he's pretty much Obama. You understood this months ago when you posted your "anyone but Romney" cartoon. What makes it so hard for you to understand it now? A real ideological contest would be Santorun vs. Obama, but if I remember right, you recently proclaimed that Romney is now your man. I'm starting to think that YOU'RE the one who has no clue.
The one thing I learned about this Republican primary battle, is that candidates change. Romney, due in no small part, to Gingrich and Santorum, will be a better candidate against President Obama in November.
Even the Paulites have helped move Romney further right. I think he will move and make more conservative statements as the elections nears.
While I wasn't a Romney fan, I have always said A.B.O. Anybody But Obama. I held my nose, but voted for McCain in the last election, but I did vote. Many of my conservative friends sat it out, and now they have learned a valuable lesson. It is my guess that we will once again have a Republican Senate, a stronger Republican House and a Republican President in 2013. (I will also admit that scares me some as well)
Pay down the debt, start building nuke plants, let wind and solar die until it is sustainable. OH, and get coal plants back up and running. Drill baby drill!!
Danny - Here are some facts that you might find interesting. American oil production is at an eight-year high, and we are less reliant on foreign oil than at any time in the last 16 years. President Obama and his Administration are supporting the construction of the first new nuclear power plant in decades, which will provide clean electricity for nearly 1.4 million Americans. Domestic production of natural gas has increased every year since President Obama took office, and is now at an all-time high. The Obama Administration and automakers agreed on new fuel efficiency standards that will nearly double the fuel economy of cars and light trucks to 54.5 mpg by 2025. Sound's like Obama's your man and you just don't know it. We've pulled out of Iraq and we're pulling out of Afghanistan. Maybe we can use the money we save from not fighting wars to pay down the debt.
Danny - Here's a headline form a 2011 Wall St. Journal story:
"Obama Stands by Nuclear Power"
We only have 104, and all of them were approved before 1977. 1977. 35 years ago....
While there are plans for a number of new reactors, the prospect of low natural gas prices continuing for several years has dampened these plans and probably no more than four new units will come on line by 2020. 2020.. 8 years...
If Obama was really into Nuclear power he could fast track the permits!
Danny - I just checked PolitiFact (considered by some to lean conservative), and they report that Obama has supported and made money available for the construction of, not one, but two nuclear plants. He gave them an $8.3 billion loan guarantee. But don't take my word for it. You should read it yourself.
Thanks Bob. Now go look up the 2 companies that own the rights to those two nuke plants. See how campaign contributions tie in and get back to me.
Danny - No matter what Obama says or does you will find a way to take issue with it and you will never be satisfied. The fact remains that, even according to Politifact and the Wall St. Journal, Obama backs nukes.
Danny - Here's what two high profile Republicans had to say:
U.S. Senators Johnny Isakson, R-Ga., and Saxby Chambliss, R-Ga., made these statements:
“These federal loan guarantees for Plant Vogtle are a good first step in the right direction toward energy independence in this country. I urge the Nuclear Regulatory Commission to act swiftly in approving Southern Company’s application to build these new facilities,” Isakson said. “Nuclear power is reliable and it emits zero carbon. As I have said repeatedly over the years, it must be part of the solution if we want to meet the goal of reducing carbon and reducing U.S. dependence on foreign oil.”
“Nuclear power must be part of any equation to meet America’s growing energy needs and reduce our dependence on foreign suppliers,” said Chambliss, a long-time advocate of nuclear energy. “This announcement represents a step in the right direction. The power generated by Vogtle is safe, reliable, emissions-free and environmentally responsible, and I am pleased the administration approved this loan to build additional nuclear units.”
2011 - political contributions by the Southern Company:
$100,000
Republican Governors Association
$100,000
Democratic Governors Association
$15,000
Republican State Leadership Committee
$10,000
Committee for New Jobs Now (Pensacola, FL Chamber of Commerce Political Action Committee)
Danny - Want some cheese with that whine?
Danny - How much money did Southern Company donate to the McCain campaign?
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