I have been surprised at the popularity of my “sexual” posts….Sex over 70 and the watermelon thingy….so keeping with the new tradition …there is always MORE…..
In the beginning of this election cycle, I was hyper-critical of ALL Repubs and of Clinton, and to a smaller degree of Obama. Because of my criticism of Clinton I was labeled an Obama support and when I was an Obama critic I was labeled a Clintonista–do not like labels. Anyway back in those days I tried to coorect my image by saying I was supporting NO one at the time and would hold my support for Obama until I saw how he would lean if and when he became the nominee. Well that day has come!
One of my indicators was the Democratic Leadership Council and the VP choice that he would make. Part of my indicators has come to light.
Democratic presidential hopeful Barack Obama may be the most liberal senator by one group’s scorecard, and the Democratic Leadership Council may be a centrist organization trying to pull the Democratic party away from the left.
Is there any issue on which Obama differs from the DLC agenda?
None, said Chairman Harold Ford, who narrowly lost a race for U.S. Senate in Tennessee two years ago. He said the organization’s main goal now is getting Obama elected president.
It helps that the organization —founded after the 1984 election to move the Democratic Party to the right — has no issue positions it asks members to sign on to. Leaders generally back a more pro-business, pro-trade agenda.
Huh? Pro-business, pro-trade positions—damn that sounds more repub than democrat! Where have those positions gotten this economy so far? Retaining power, not the well being of the people is the only concern.
IMO, the DLC is the bane of progressivism. It will just keep the status quo in power and any change will be incremental not the sweeping chage some are expecting.
Sorry to pee on your parade!
I want to believe in the wind.
Each megawatt of wind power costs about $53 to generate, making it more expensive than coal, nuclear or natural gas generation, according to data from the Electric Reliability Council of Texas, the state’s grid operator. Even with economies of scale, it’s still going to be more expensive than other sources, based on projections by the American Wind Energy Association.
About half the states, including Texas, now require that part of their electricity come from renewable sources, and wind has vaulted in popularity, just as ethanol once held our fancy as the favored fuel of the future.
Wind power is an open trough of government subsidies, tax credits and state mandates. Taken together, it’s a massive corporate welfare effort that means big money for the wind-power developers and big costs for the rest of us.
For every $100 million of investment, wind-power developers have received more than $74 million in federal tax credits and other benefits, according to a recent study by Bernard Weinstein and Terry Clover, professors of applied economics at the University of North Texas. In Texas, we ladle on additional state and local incentives, including corporate income tax breaks and local property tax abatements.
The federal subsidies include renewable energy tax credits of about 2 cents for every kilowatt-hour produced. Those credits are set to expire at year’s end, but the industry is lobbying Congress to extend them. Some industry executives told The Associated Press recently they fear a slowdown in wind development if the credits expire.
The uncertainty of when wind power will come into the grid adds to the market volatility. Those variations put stress on the system and drive up wholesale power prices. Yet wind companies aren’t required to pay any of those costs. Instead they’re ultimately passed on to us.
Wind certainly has a place in our overall generating scheme. We need to diversify our energy sources, and we need to develop renewable ones. But it’s an auxiliary source. We
also need generation that’s reliable and makes economic sense.
This was from an article written in the WSJ by Mark Gongloff.
A full year into the miserable journey of the credit crisis, the economy and financial markets have come to a crossroads, beyond which lay several possible destinations, not all of them pleasant.
So far, despite bank losses of some $400 billion, a crumbling housing market and oil prices at $130 a barrel, the economy has managed to avoid a deep recession — at least according to the common definition, which is two quarters of negative gross domestic product growth.
But federal tax-rebate checks have supported consumer spending, which drives 70% of the U.S. economy. That jolt will soon fade, potentially leading to a hangover.
A resilient export sector — driven by a weak dollar that makes U.S. goods cheaper and more competitive overseas — has also kept the economy going and lifted the profits of many multinational corporations. But several big overseas economies are starting to feel the bite of inflation and the troubles in the U.S., and their appetite for American goods might wane.
Meanwhile, major U.S. stock indexes remained near bear-market territory despite a big drop in oil prices that sparked an impressive three-day rally. The Dow Jones Industrial Average rose 396 points, ending the week up 3.6%. The Nasdaq and S&P 500 also rallied last week.
As heartening as last week’s turnabout in oil prices was, however, the economy is still a long way from healthy. And there could be a lot more stock-market pain to come.
I would expect the WSJ to paint a fairly optimistic view of the economy, but if you live on Main Street in Poodunk, USA–the rosy is just not gonna explain why you are losing the house and cannot feed the kids.
GOP presidential candidate McCain told an audience of more than 500 GM workers that he would let each state determine its own fuel efficiency standards — a position the auto industry says adds unneeded costs and kills jobs.
His pronouncement — which mirrors what Obama, the presumptive Democratic nominee, has said on the issue — came as he promised to support General Motors Corp.’s work to develop electric and more fuel-efficient cars.
McCain said he supports California and 16 other states that want to establish their own fuel economy standards.
“It’s hard for me to tell states that they can’t impose whatever standards they decide to impose,” McCain said. He said he wants to see GM Chairman and Chief Executive Officer Rick Wagoner “sit down with the governors and ask them what they need.”
Automakers and dealers say state officials overestimate their technology, underestimate the costs and ignore the possible chaos from limiting vehicle sales on a state-by-state basis. GM has said the rules could cost $25 billion.
In that vein, McCain praised much of the work GM is doing to create vehicles — including the Chevrolet Volt range-extended plug-in electric vehicle due in November 2010 — powered by a variety of fuels.
Such vehicles would reduce dependence on foreign oil and the automobile’s contribution to climate change, McCain said. Before the town hall, McCain toured GM’s design studio and was given a private viewing of the still-secret production version of the Volt.
McCain said his plan to help the auto industry also would include a $5,000 tax credit for people buying low-emission vehicles, a $300-million prize for the company that creates the first commercially available battery-powered car and job retraining programs for displaced workers.
Have you ever noticed that the best idea from a Repub is to give someone, somewhere a tax break?
From the beginning of this election season both McCain and Obama promised to be the candidate of change. McCain’s because he has been labeled a “maverick”. Obama simply because he was a new face and had a new way of thinking. Well both of these were wrong!
McCain’s maverick status has been flushed down the toilet for the sake of becoming the Repub nominee. In Obama’s case, he was seen as the “left” candidate and given little chance to beat a well established Dem opponent. But he did and beat her badly. But since the day he became the presumptive nominee, he has steadily moved to the center on a wealth of positions.
Both are doing what they must to be sure that their respective parties get behind them totally. Both candidates are abandoning the principles that gave them the nomination, in the name of being elected in the Fall.
Sorry people but nothing in this campaign is new. The politicians are being just that—politicians; doing what they must to be elected with the promise that change will, if they are elected. And how many times have you heard that pile of BS? Bush promised it 8 years ago and nothing changed. McCain portrays Obama as a “tax and spend” Dem and Obama portrays McCain as a corporate friend candidate. That has been the same in every election that I can recall and I can recall many of them.
Sorry voters! Nothing is gonna change! If this campaign is anything we have to look forward to, then sadly, more of the same is what you may look forward to after the general in November.
Two killed, 67 wounded in Minneapolis truckers’ strike—“Bloody Friday” – 1934
Postal unions, Postal Service sign first labor contract in the history of the federal government – 1971