The confusion over American energy policy continues. As recently as a few months ago Congress passed all sorts of give away goodies for the oil industry designed to create “incentives” to encourage drilling and development of better refining and distribution infrastructure. The Republicans especially have a track record of cozying up to the… »
Archive for April, 2006
What Energy Policy?
Wednesday, April 26th, 2006Re-Vamping the White House?
Wednesday, April 19th, 2006Now that Josh Bolten is firmly in control of all things staff like in the West Wing, it seems he’s making changes. The New York Times reports the story here: Rove Loses Post in Shake-up
The problem I have with this is that these changes are not the introduction of “new blood”, but the… »
Rumsfeld Should Go
Wednesday, April 19th, 2006The open and ongoing discussion about Donald Rumsfeld’s suitability as the civilian overseer of the American armed forces continues unabated. In my opinion he should be fired. I also think that the decision to fire him should not be swayed at all by the various retired generals who are now openly offering their… »
Interest Rates Are Rising
Thursday, April 13th, 2006This may be the beginning of a steady slowdown in the economy: long term US government bond rates are rising with the ten year bond now topping 5.0%. The New York Times reports here: Cheap Money Fades as 10-Year Note Tops 5%
This may seem like a low interest rate, but the economy for the… »
Immigration – Again
Tuesday, April 11th, 2006The recent rallies in protesting against restrictive immigration legislation are causing all sorts of political nightmares in Washington. The New York Times has this article: Immigrants Rally in Scores of Cities for Legal Status
Now that the legislative process has ground to a halt the politics can start in earnest. So far the Republican… »
Another One Bites the Dust?
Wednesday, April 5th, 2006The rumors are flying that John Snow might be the next casualty in Bush’s attempt to get his administration back on track. The New York Times has this story: Treasury Secretary Is Said to Be Thinking of Quitting
I don’t think anyone who follows the economy closely will miss this guy. He is a… »
The “Pig Book”
Wednesday, April 5th, 2006This is a must read for everyone who wonders where those deficits come from. It is the annual “Pig Book” published by Citizens Against Government. Read it and weep: Citizens Against Government Waste:
There is enough egregious nonsense here to keep you all laughing over that beer. How about Alaska’s… »