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Obama Targets "Enron Loophole"

By Anne E. Kornblut
Sen. Barack Obama on Sunday rolled out a proposal to curb speculation in energy markets, a plan his advisers said would help stabilize soaring gas prices.

Obama proposed a four-step program that would, among other things, close a so-called "Enron loophole" that protects some energy futures trading from oversight by the Commodity Futures Trading Commission, his advisers said.

"I think everyone believes there's too much speculation in the oil markets, and a lot of it flows directly from that particular loophole," Gov. Jon Corzine, the New Jersey Democrat, said on a conference call hosted by the Obama campaign.

The other three components of the plan, as described by Obama economic adviser Jason Furman, are: to ensure that US energy futures cannot be traded in offshore, unregulated markets; to work toward an international regulation of oil futures markets, in cooperation with like-minded countries; and to have both the Federal Trade Commission and the Department of Justice investigate the oil markets.

As gas prices have shot above $4 per gallon, energy has taken center stage in the campaign, with both Obama and the presumptive Republican nominee, Sen. John McCain, proposing policies to ease the crunch for consumers. McCain last week reversed his opposition to drilling offshore; he has also supported a holiday for consumers from paying federal taxes on gasoline.

On Sunday, the McCain campaign said Obama is mimicking McCain on the gas loophole.

"The truth is Barack Obama is following John McCain's lead to close a Wall Street loophole that was signed into law by President Bill Clinton," McCain campaign spokesman Tucker Bounds said in a statement. "John McCain has supported bipartisan efforts to close this loophole and will work to address abuses in oil speculation. Barack Obama has voted the party line for Democrats who claim the loophole is fixed. The fact that Barack Obama is attacking John McCain, despite McCain's leadership on the issue, shows that Barack Obama is driven by the partisan attacks that Americans are tired of."

Posted at 3:15 PM ET on Jun 22, 2008
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Comments



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Posted by: 71rgt4qxox | July 3, 2008 9:02 PM | Report abuse

To bm you asked:
"what have the republicans done in the eight years to help this crisis we are in??? "
1) the difference between now and then is
$4.00 gas versus $2.00 ok?
2) Difference is then most GOP were not RINOs and over 8 years more RINOs have adopted "global warming" agreement with Democrats in more issues than agree,i.e. no drilling in Anwar/off the coasts.

3)"Now 5 months before an election, Mccain and Bush now want to drill for oil,when they both opposed it,and futhermore the Bush Admin has not once talked about drilling for oil until a week ago,"
Again Difference $4.00/$2.00 Don't you understand economics?
They weren't cause 8 yrs ago China/India didn't consume 30% of current 20 million brls/day!

4) You evidently didn't see yesterday congressional hearings where experts said 30 to 40% of $135/brl is speculators. This is up from 17% 8 years ago.
And why are these speculators now doubled?
Soros devalued the dollar and buys oil with devalued dollars. Soros made $2.9 billion in 2007.

Posted by: Jim | June 24, 2008 12:53 PM | Report abuse

5oljj02anjvvfmu http://www.433448.com/476651.html > 3nw2ce6sen4o5fkx [URL=http://www.205593.com/647319.html] iyp6fgtlvyzbzm5 [/URL] z3s2mu36

Posted by: 480mufz7ti | June 24, 2008 10:18 AM | Report abuse

Hey, Mike, you said that you trust Bush "Ions" more than Obama. How many charged particles are we talking about? And Marx? Are you kidding? You need more Ions in your brain.
___________________________________________
I see you're pointing out my speed typing error. "Ion" should be "eon". But maybe you should be more concerned about the empty suit Obama who is a possible future president that thinks there are 58 states...just one of many of this Marxist faux pas. Sounds like your empty suit candidate needs a lot more upstairs.

Posted by: MIke | June 24, 2008 12:38 AM | Report abuse

Hate is a pretty strong word! Oh and by the way, what have the republicans done in the eight years to help this crisis we are in??? Now 5 months before an election, Mccain and Bush now want to drill for oil,when they both opposed it,and futhermore the Bush Admin has not once talked about drilling for oil until a week ago,if the republicans were that concerned,Bush had 8yrs to lift the ban, after all from 1995-2006 the house and senate was controlled by the republicans, so he could of gotten the ban lifted,when he was elected, where has he been for 8yrs? Just remember even if we do drill, it will take 10yrs before we see this oil, and no doubt that oil will not stay in america, we will sell it to other countries for the oil companies to make even more hugh profits!
This is just another political gimmick!

Posted by: bm | June 24, 2008 12:12 AM | Report abuse

Oil, oil, oil! I love oil! I hate Obama and anyone who tries to stop the honest oil companies from making an honest buck. The solution to the future of energy is not alternative clean fuel as these stupid environmentalists suggest, but instead it is more oil. We need to drill holes in the heads of seals to find more oil! I love oil!

Posted by: Typical Republican | June 23, 2008 11:14 PM | Report abuse

to Deliverer of Truth

Change for what.United States of Communist America.I guess you also drink from the income redistribution fountain.

Posted by: david not awhite guy | June 23, 2008 11:11 PM | Report abuse

Hey, Mike, you said that you trust Bush "Ions" more than Obama. How many charged particles are we talking about? And Marx? Are you kidding? You need more Ions in your brain.

Posted by: Will | June 23, 2008 10:06 PM | Report abuse

Oil, oil, oil! I love oil! I hate Obama and anyone who tries to stop the honest oil companies from making an honest buck. The solution to the future of energy is not alternative clean fuel as these stupid environmentalists suggest, but instead it is more oil. We need to drill holes in the heads of seals to find more oil! I love oil!

Posted by: Typical Republican | June 23, 2008 7:34 PM | Report abuse

DO YOU TRUST BUSH????????????
________________________________________

I trust Bush ions more than an empty suit ultra liberal Marxist Obama who will put more Americans in bondage to a big, bloated government and depress the economic engines of our country. The Democrats have controlled congress 2 years and energy prices our skyrocketing with their no practical domestic energy policy. The speculators are a barometer of the market and they see grim days with an Obama and a continuing Democrat congress.

Posted by: Mike | June 23, 2008 6:26 PM | Report abuse

Sorry shermaro. That comment was meant for Jeff.

Posted by: Ed Lynch | June 23, 2008 6:16 PM | Report abuse

And he definitely caved as the article above points out:

"McCain last week reversed his opposition to drilling offshore."

Posted by: Ed Lynch | June 23, 2008 6:13 PM | Report abuse

shermaro,

Clearly McCain is now pushing for more offshore drilling only to shore up his base. He knows it won't reduce gas prices much or anytime soon.

He is using $4 gas as an excuse to damage our environment, and destroy tourism, all to increase the future profits of multinational oil corporations and stick it to the environmentalists. It's all about money and partisan politics and has nothing to do with actually addressing the problem of $4 gas.

With American's paying more at the pump, and Republicans on the attack with their non-solutions, it's getting harder to address the bigger problems of global warming, and peak oil. Clearly we need to focus on sustainable alternative energy and conservation. And do we really like our long daily commutes? Maybe we should work on living closer to where we work. The government can play a role in encouraging urban renewal and discouraging sprawl.

But all the Republicans seem to want to do is ignore all the problems and give billions in future profits to big oil.

Ed

Posted by: Ed Lynch | June 23, 2008 6:11 PM | Report abuse

What's this about the McCain campaign working to close the Enron loophole that has contributed so much to soaring oil prices? This loophole was created by then-Senator Phil Gramm (R-TX). Today the McCain campaign's chief economic advisor is former Senator Phil Gramm.

Posted by: shermaro | June 23, 2008 1:40 PM | Report abuse

McCain didn't cave. In 2006 he voted to allow drilling in the central gulf. 71 senators voted to allow drilling a little closer than 200 miles where there are lots of natural gas in the central gulf coast.

This isn't a black and white issue.

Jim Webb, Mark Warner, and Tim Kaine are for drilling closer than 200 miles off Virginia. They want to drill for natural gas. They want Virginia to get the money.

This is about states rights.

This isn't the end all be all.

McCain is for strict Cafe standards.

McCain is against anwr drilling.

McCain is for lower emissions from plants and penalizing them.

McCain is for allowing the state of california to allow lower emissions.

McCain has taken ten positions different than Bush on this issue.

McCain is for more alternative energy sources.


Posted by: Jeff | June 23, 2008 1:22 PM | Report abuse

Now that McCain caved on allowing oil drilling within 200 miles of our beaches, is opening up ANWR far behind? I once thought he was a man of principle, but now he appears to be willing to ignore his principles for a few votes.

It's just amazing to me that McCain and many Republicans are willing to use high gas prices as an excuse to give big oil what they want. This won't do anything to reduce gas prices, at least not this decade.

And what does this say about McCain's principled stance on global warming? Are we going to drill, drill, drill our way to cutting greenhouse gas emissions and avoiding catastrophic global climate change?

Posted by: Ed Lynch | June 23, 2008 12:41 PM | Report abuse

One thing neglected to be mentioned is the connection between ENNRON and Aurthor Anderson Public Accounting Firm that handled the Retiree RIP off of the century - Aurthor Anderson PAF was also handeling the Retired Federal Employee Retirement Trust Fund Account.
In the Hearings, the Office of Inspector General was allowing the felony fraud against ENNRON Retiress and were refered to as - misconduct ' instead of OIG.
.
RICO - 1996 HIPAA - 1998 CLINTON

ALSO in 1998 - CLINTON Administration - The U.S. Attorney General and the Office of Inspector General ( Department of Health & Human Services ) enacted a Federal HMO Program to DENY Retired Entitled Federal Beneficiaries Post Hospital Extended Care T42CFR409.33 Services - called the VOLENTARY DISCLOUSURE Program - see 2007 -- H.R. 3199 - USA PATRIOT Conference Report (Sensenbrenner - Judiciary)
.
USA PATRIOT ...... SSA 1128b ...1996 HIPAA.... 1998 still pending 2008 ....... T18CFR1518crime - Obstruction - Violation of Crime Victims Rights - Under federal law [42 U.S.C.10606(b)] and also 42 USC 1983. Civil action for deprivation of rights and The U.S. Constitution: Fourteenth Amendment.
.
Sincerely,
All ENTITLED Federal Employee Health Beneficiaries & the General Public who are being criminally denied DHHS T42CFR417.1 Existing ( Federal \ State \ Private ) HMO Health Insurance Coverage, illegally billed for HMO denied covered claims and forced into HCFA State Medicaid Programs for the POOR. Title18CFR1001Crime. T18CFR371CRIME.

Posted by: JustMyOpnion | June 23, 2008 12:12 PM | Report abuse

fred wrote:
"The budget was NEVER balanced under Clinton, nor was there EVER a surplus in the Clinton years. If you don't believe this, go straight to the US Treasury Dept. website and find out the unpleasant (for you) truth."

fred,
I didn't believe what you said, and with good reason. I just went to the Treasury Dept and looked it up. The 1999 budget WAS the first balanced US Federal budget in thirty years. It took Clinton almost his whole tenure as President to accomplish this. Here's a direct link, feel free to check it out for yourself if you don't believe me:

http://origin.www.gpoaccess.gov/usbudget/fy99/pdf/budget.pdf

I'm sorry if those years weren't prosperous for you, but the Clinton years were prosperous for me and for many other people.

Posted by: Jules | June 23, 2008 11:17 AM | Report abuse

Sorry from Canada, the people who live in igloos.
Man blogs like that that peeve me off.

Posted by: justadad55+ | June 23, 2008 11:16 AM | Report abuse

Sorry from Canada, the people who live in igloos.

Posted by: justadad+ | June 23, 2008 11:15 AM | Report abuse

Man Read this Post, May I remind the blogger there are BUMS that have not been given a chance. Iraqis children will get lots of support from your country. The words were, I am not in favor of any welfare programs, corporate or otherwise. May I suggest to this blogger even a dog has to be fed? That she, he or both, is calling an American person in trouble a BUM. Must be a spoiled brat that inherited daddies wealth, illegally of course. Fall, like the Clintons, and the gas is not coming back soon friend. Food might even get to expensive for you to eat. Also the Clintons have a bomb shelter, DO YOU??

The post is below.

The government is OUT of money. I don't want my taxes raised.

That's why I am a centrist Democrat, like the Clintons. Oh, how I miss the Clintons. The days of balanced budgets, budget surplus, PEACE. PROSPERITY. Wow, it WAS great

Posted by: Anonymous | June 23, 2008 11:13 AM | Report abuse

Closing the "Enron loophole", signed into law by Bill Clinton, would be a good start. Even more important is to dismantle the Kyoto Protocol carbon cap emissions trading, against which oil futures are hedged.
- Wm Tate,
http://www.atimelikethis.us/

Posted by: Wm Tate | June 23, 2008 9:34 AM | Report abuse

Hate to tell you this, "JK" -

The budget was NEVER balanced under Clinton, nor was there EVER a surplus in the Clinton years. If you don't believe this, go straight to the US Treasury Dept. website and find out the unpleasant (for you) truth.

"JK" said

"I am not in favor of any welfare progams, corporate or otherwise. (If you're a Democrat, you DO favor welfare - for a group of bums that gives you NO RETURN on your investment)

The government is OUT of money. I don't want my taxes raised. (If you vote Hussein, you'll be seeing your taxes raised enormously - why don't you get educated before you open your piehole?)

That's why I am a centrist Democrat, like the Clintons. Oh, how I miss the Clintons. The days of balanced budgets, budget surplus (see above), PEACE (WTC first attack, etc.). PROSPERITY (??). Wow, it WAS great!" (having a scumbag for President)

Posted by: JK | June 22, 2008 9:55 PM

Posted by: fred | June 23, 2008 9:04 AM | Report abuse

To all of you that repeat the "cars that run on water" stories...
1) Have any of you actually seen "cars that run on water"?
2) Why on earth would sophisticated speculators that are driving oil prices up continue to buy OIL futures into 2016 if they though "cars that run on water" existed?
3) If some of you who think that Hydrogen vehicles are the same as cars that run on water" you may want to consider this very sobering fact:
There are 61 hydrogen fueling stations in the country each of which requires environmental impact statements, zoning laws, etc.
There are 180,000 gas stations.
We didn't get those 180,000 stations overnight you know!
See those of you who jump to emotional conclusions seem to forget these little details!
So please find me a car that "run on water"right out of my tap!
Oh along that vein... all of you that believe this "cars that run on water" stuff have you ever seen any studies on the disruption of wind flow patterns that wind turbines are now having on our weather?
Think about the butterfly creating thunderstorms in the mid-west that caused all the floodings.

I'm sure you are laughing about that just as I'm laughing at your "cars that run on water" answers!

Posted by: Jim | June 23, 2008 8:07 AM | Report abuse

doesnt_suffer_fools

" profit unless they are an oil company?"
Of course I don't criticize a profit even for oil companies! But in this case you fools don't seem to realize how you've been played by the MSM/Soros funded Moveon.org to repeat gross exaggerations of Iraq situation and these gross exaggerations lead to continued deaths. The military won in Iraq. The 4th estate in the US, i.e. MSM/Soros/Moveon.org did everything,wrote everything repeated eveything to kill more troops and that was part of how Soros made $2.9 billion in 2007! I don't fault Soros I fault idiots like you that believed the MSM and call your self doese-suffer -fools!

Iraq was a fools errand - "they were never a threat to the U.S." If that's the case why did we get involved in Kuiwait? And again you and others grossly politicized and miss a major point! Saddam was the truly only one direct person in the ME that had all sorts of sanctions, 17 from UN alone, all of you at the time decrying his butchery and you evidently don't remember at the time 9/11? Do you not know Saddam was training terrorists? Plus only fools go after the symptom i.e. Osama.. the cause was in part again in part in Iraq. You seem to conveniently forget Saddam PAID $25,000 to suicide bombers families!
"keeping Iran in check." Geez, sounds like Chamberlain/Obamba speak..."just go along to get along" What did that give us?
9/11!!!!
You further stupidly said.."Cheney and Rumsfeld met directly with Saddam." Duh! You evidently didn't see Charlie's War"nor know anything about Charlie Wilson A Texas DEMOCRAT that funded Osama Mujahideen during what time the COLD WAR!!! Again suffering fools!!! Iraq/Saddam was a pivotal ME during the Cold War and Russia and the US curried Saddam's favors. But things change only fools like those who can't read and connect the dots don't change!

"But all of that history doesnt mean anything if your a republican" You need to understand history plus I've lived through it you fool! -
"we will just rewrite history to place the blame at the feet of the demoocrats "

Talk about re-writing history!
A) WWI started by Democrat re-write that!
B) WWII A democrat
C) Korea A democrat
D) Vietnam a Democrat
E) Iraq - A DEMOCRAT who thought that
Osama would surrender to a court order!
Clinton had Osama but couldn't get a
extradition order from Sudan!
F) Famous Gorelick Wall between the CIA and
FBI PREVENTED the agencies from "connecting-the-dots" of 9/11.
SO please would you mind not talk about history. I have been there and I know the truth and evidently you have not.
I am not politically motivated. I am an observer who also knows from more study then you evidently that Soros/MSM bias/Democrats/ and people like you were what we called during WWII traitors. Traitors because you give aid and comfort to the enemy,i.e. the thug/barbarians that were "emboldened" as the Harvard study shows to continue their barbarism and you encouraged them! For political gain and that's is so crass, so venal, so totally disgusting. Putting your political agenda above people's lives!

Posted by: Jim | June 23, 2008 7:53 AM | Report abuse

What a laugh. The proposal is like a Potemekin Village: All facade, no substance behind it. Does anyone believe that this will affect this country's addiction to oil. Instead of bringing forth sustantive proposals which attack the supply and demand imbalance, he goes after the most negligble aspect of the problem.

Posted by: no spin | June 23, 2008 7:36 AM | Report abuse

do a little research. the loophole was not signed by Clinton, but by Bush Senior. The person backing it? now a part of McCain's staff.

Posted by: Carter | June 23, 2008 1:11 AM | Report abuse

McCain's campaign is so two-faced. They say one thing and do another. They say that McCain is "leading the fight" to help consumers at the gas-pump, but they're NOT doing any such thing. McCain's campaign continues to do things that help WEALTHY people, like CEOS of oil companies and other upper-class groups. We can look to examples like the fact that McCain's tax plan mostly helps wealthy people, and his campaign works directly with lobbyists that benefit the wealthy. What does this show us? It shows us that McCain is two-faced. This is unsurprising though because the Republican Party has always helped people with money, and they haven't helped the middle class. It's disturbing.

In contrast, Senator Obama is doing all he can to help people - especially people with lower incomes - and that's why I support him. His energy plan is way more helpful for people living on a budget (like me). If you'd like to learn more about Senator Obama's energy plans, go to his website at the following link: http://www.barackobama.com/issues/energy/

Posted by: Allen | June 23, 2008 12:58 AM | Report abuse

It's not even a debate that what's his face is liar.

Posted by: Craig | June 22, 2008 11:36 PM | Report abuse

"patent office intentually holding up patents for oil companies,bush and McCain"

The company, Genepax, says that it is in the process of filing. That means they haven't filed yet. I'll bet you anything you like that they will never file the patent. Not because anybody would attempt to stop them filing, but because they have nothing to disclose. In the terms publicized, their invention would be equivalent to a perpetual motion machine. You could take the Oxygen and Hydrogen that comes out of their gizmo, produce electrical energy using a fuel cell, and pour the generated water from the fuel cell back into the gizmo. Voila, perpetual motion, sought by fools through the ages.

Posted by: fzdybel | June 22, 2008 11:29 PM | Report abuse

Ladies and Gentlemen, you have a choice this election between taking more money out of your pocket in order to make Exxon wealthier, or voting for CHANGE.

Posted by: Deliverer of Truth | June 22, 2008 11:11 PM | Report abuse

cars that run on water..invented by an American..but..japan will mass produce them and we will buy them from japan..instead of producing them here..patent office intentually holding up patents for oil companies,bush and McCain..i seen it on the news and watched it again on utube..now calling it japan water car..special intrests are killing this counrty.

Posted by: americanvoter | June 22, 2008 11:04 PM | Report abuse

stopped regulating savings and loans..and look what happened years ago..stopped regulating banks and look whats happening..stopped regulating commodities and look whats happening..and McCain wants to put our social security in the hands of these white collar criminals..are you nuts

Posted by: tom | June 22, 2008 10:56 PM | Report abuse

its about time someone has the guts to close these loopholes. do you think the straight talking express would..mccain went to texas to tell all of bushes oil buddies that he will continue bushes do nothing policy..japan just came out with a car that gets 90 miles per liter of water..do you think mcsame will encourage companies here to develop them..not in your lifetime..obama 2008

Posted by: americanvoter | June 22, 2008 10:47 PM | Report abuse

its about time someone has the guts to close these loopholes. do you think the straight talking express would..mccain went to texas to tell all of bushes oil buddies that he will continue bushes do nothing policy..japan just came out with a car that gets 90 miles per liter of water..do you think mcsame will encourage companies here to develop them..not in your lifetime..obama 2008

Posted by: americanvoter | June 22, 2008 10:47 PM | Report abuse

I've gotta admit it - Barry Hussein does look like Dukakis when he's got that cartoon - looking seal in front of him.

Kind of like a little boy playing soldier i9n daddy's uniform.

Quite farcical.

Posted by: fred | June 22, 2008 10:33 PM | Report abuse

@JonnieB: "We Republicans will once again win because we are organized."

You mean the way you won the midterm elections in 2006? Organization only goes so far when most of your party leaders are bereft of vision, competence, and basic moral decency. The Republican party is well on its way to joining the Whigs and the Know Nothing party in the dustbin of history, propelled by the countless failures of the Bush administration.

Posted by: BuckD | June 22, 2008 10:23 PM | Report abuse

Interestingly, we haven't really addressed the gap between the rich and the poor as one of the root causes of higher oil and food prices.

As the percentage of the total money in the economy shifted from being widely distributed to being concentrated in the hands of a very few, they had to decide what to do with their increased wealth.

A very few of them invested the money in their own companies, or gave it away.

Most of them used financial markets to try to further increase their wealth. A preferred investment venue has been hedge funds, which are largely unregulated.

This increased wealth, for a time, poured into the real estate markets, creating more wealth (on paper) and eventually bubbling out. Although billions and billions were lost, lots remain, and more continues to accrue to the wealthy.

When real estate collapsed, they began to look around, and picked commodity markets as a good place to further increase their wealth.

The huge influx of money that previously went to real estate has been a big contributing factor to the run up in commodity prices (not to let ethanol off the hook!).

But common sense says this can't go on for ever. Eventually the poor and middle class have nothing left to bleed, and these bubbles will collapse (alas, leaving hunger and privation in their wake).

Regulating speculation is a requirement to get a handle on the problem. But eventually, the poor distribution of wealth must also be addressed, one way or another.


Posted by: PatrickInBeijing | June 22, 2008 10:22 PM | Report abuse

"Let the long overdue vetting of Obama finally begin... It's a political eternity until the end of August"

I dunno. There don't seem to be a lot of campaign contributions coming into Republican coffers to support a good smear campaign, if that's what you meant. The smart money is on the Democrats.

Not to mention, I think many Republicans and (ahem) Clinton supporters view Obama as so intrinsically unelectable, that the task of smearing him has perhaps taxed their imaginations. Everything they do come up with seems incredibly reaching. The whispering campaign just looks silly.

As for whether Obama will put a foot wrong, so far so good, though the surveillance thing seems to want more finesse applied. But he seems to be pulling ahead in the polls. I guess that means he's going to vet well.

But we still have a long, hot summer to get through. I can sympathize for anyone who will have to spend each day of it sweating away to spread manure.

Posted by: fzdybel | June 22, 2008 10:19 PM | Report abuse

If you want to quit using a huge amount of oil in this country just give the railroads some of the subsidies that the government is giving to the oil companies. But give it on the condition that it is used to electrify all the railroads. It would shift the use of millions of barrels of oil to coal, atomic, water and wind.

Posted by: Old Coot | June 22, 2008 10:16 PM | Report abuse

Bush set it up for he and his buddies to make a ton of money over the last 8 years now he wants to free up valuable land for them to purchase...thank goodness it's coming to an end...I can't wait to see what the DOJ and FTC come up with and I'd like to see them get plenty of support...Obama does that McCain doesn't.

Posted by: 8yearsofproof | June 22, 2008 10:09 PM | Report abuse

You Democrats are doomed. As Will Rogers said, "I don't belong to any organized political party. I'm a Democrat."
You are Professional Election Losers and you always will be. We Republicans will once again win because we are organized. So stick by your ideals once again and vote for Nadar ... or hey, how about writing in Hillary? Democrats are such morons it is fascinating.

Posted by: JonnieB | June 22, 2008 10:08 PM | Report abuse

Cloud9ine: Very good comment. Like my pappy always said to us youngins, "well, ya gotta consider, are you going to believe what your ears hear or what your eyes see?" I'm sooooooooo disappointed in McCain's lack of candor (candor = Openness = unreserved honesty or frankness in expressing oneself). I may not be supporting McCain but I was listening and watching him just in case. More Republican talking points and that indiot puppet on the view will be republican talking pointing away on this one.

Posted by: MissClarity | June 22, 2008 10:03 PM | Report abuse

I am not in favor of any welfare progams, corporate or otherwise.

The government is OUT of money. I don't want my taxes raised.

That's why I am a centrist Democrat, like the Clintons. Oh, how I miss the Clintons. The days of balanced budgets, budget surplus, PEACE. PROSPERITY. Wow, it WAS great!

Posted by: JK | June 22, 2008 9:55 PM | Report abuse

I miss Hillary. There just isn't any excitement without Hillary in the race.

What WILL the media do without Hillary to bash? So many have made their fortunes bashing Hillary and Bill. What will they do now? No one is allowed to critize the "precious" one or you are labeled the dreaded "R" word.

Obama is icky. I could never vote for Obama who is unqualified and will prove to be unelectable. Nice screw up Dems.

Let the long overdue vetting of Obama finally begin... It's a political eternity until the end of August when the DNC holds the convention to actually nominate the candidates. Let's hope for a total political implosion of Obama BEFORE the Dems foolishly nominate Obama. Obama's "fake Presidential seal" was SO juvenile.

Posted by: JK | June 22, 2008 9:52 PM | Report abuse

Is he going to do this like he was going to take federal campaign financing? Hmm...

Posted by: John | June 22, 2008 9:51 PM | Report abuse

And while McCain says Barack is only following his lead, consider this :

In 2002, McCain voted to close the Enron loophole.

The recent farm bill, vetoed by Mr. Bush had in it a provision to close the Enron loophole. McCain was against this bill.

Let's talk action, not words, shall we.

Posted by: cloud9ine | June 22, 2008 9:46 PM | Report abuse

"Look at all the "corporate welfare" in total dollars given to the petroleum companies and compare it to total sales. It is a drop in the bucket."

Actually, it's a fixed percentage of the entire bucket, and it's called an oil depletion allowance. It's a huge sum of money that the US government foregoes and does not collect from the oilcos. And then there were recent statutory grants of tens of billions of dollars more, on top of that. The oilcos have been given tax bennies generally far beyond the largesse routinely offered up to other corporate persons.

If even a fraction of what we currently spend on oil were redirected to the development and subsidization of renewable sources of energy, it would have significant positive effect on our long term economic outlook.

Posted by: fzdybel | June 22, 2008 9:42 PM | Report abuse


what is the point of offshore drilling when thousands of onshore drilling leases are just sitting there, not being used. When the oil companies cut production when there is a small dip in demand.

When the current prices are not driven by the supply-demand curves. No amount of supply increase will kill this price rise. There are indeed other forces at play. One of them is speculation.

Posted by: cloud9ine | June 22, 2008 9:42 PM | Report abuse

"george Bush Sr is the reason offshore drilling is banned, no democrat did that. George Bush did."

There is also a Congressional moritorium on off shore drilling that will take a majority vote in Congress to lift.

GW already said he would lift the executive order if Congress will do the same.

Posted by: PAO | June 22, 2008 9:33 PM | Report abuse

"All we need to do is remove the corporate welfare being given to the fossil fuel industries, and instead, provide tax incentives to purchase alternative energy.

Then fossil fuel will find it impossible to compete against the lower costing alternative energy source"

Look at all the "corporate welfare" in total dollars given to the petroleum companies and compare it to total sales. It is a drop in the bucket. You claim that by taking that small amount of money and using it to subsidize alternative energy, you can undercut the total sales of oil companies. It is so absurd that it isn't even slightly funny.

Posted by: Ed | June 22, 2008 9:29 PM | Report abuse

"Obama will do great things. He will win the Presidency and undo what was put in place the last 8 years.
http://youngdemocratsforchange.com
Posted by: Suzanne | June 22, 2008 7:53 PM"

you are so right, he will make the iraquis suffer and die for wanting their freedom, who will he install as dictator of iraq...

Posted by: Dwight | June 22, 2008 9:25 PM | Report abuse

george Bush Sr is the reason offshore drilling is banned, no democrat did that. George Bush did.

Posted by: Dave | June 22, 2008 9:25 PM | Report abuse

Why doesn't somebody ask B. Obama why he does not use the Federal gas tax to fund alternative energy projects instead of a windfall tax on oil companies which we all know will be passed on to us the consumer?

Isn't the federal gas tax a windfall to the government?

Look to this site.

http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/petroleum_marketing_monthly/current/pdf/enote.pdf


JM

Posted by: JM | June 22, 2008 9:09 PM | Report abuse

To be certain, we CAN and we MUST achieve total energy independence; but, our Nation can only extricate ourselves from this self imposed dilemma by a broad-based, comprehensive NATIONAL ENERGY STRATEGY that BLENDS all of the elements of: conservation; major increases in transportation efficiencies, such as increased mileage standards; exploitation of our indigenous petroleum resources; fast-tracking of regulatory criteria; a significant expansion of our refinery facilities; major investments in nuclear energy; supplementation of our electrical grid with solar, wind, geo-thermal, and hydro technologies; and, a major investment in Research and Development to bring a Hydrogen and Fusion based economy to fruition. Unfortunately, to dig ourselves out of this self-created coffin-corner will require TIME. Time which simply means that, in the interim, we must protect our access to unstable Middle East suppliers until we bring our own assets on line. The latter exigency which could readily be scuttled by the Cut-And-Run crowd on Iraq. The regional chaos which would be precipitated by an Iranian regional hegemony subsequent to a precipitous American withdrawal from Iraq would make the current cost-escalation in energy supplies from the Middle East seem like the Golden Age of Yesteryear by comparison; and, most certainly would induce a much wider conflict/conflagration. The myopia of the Left on these circumstances is astounding. As history has repeatedly taught with grim consequences, PEACE and STABILITY are won only THRU STRENGTH; and, NOT THRU the nebulous psychosis of HOPE. Greg Neubeck

Posted by: Greg Neubeck | June 22, 2008 9:08 PM | Report abuse

Alternatives will be fine -SOME day- but for now, it's coal, nuclear, and drilling. Period.

Posted by: muskrat | June 22, 2008 8:52 PM

WRONG!!!

Alternative energy sources are here today!

All we need to do is remove the corporate welfare being given to the fossil fuel industries, and instead, provide tax incentives to purchase alternative energy.

Then fossil fuel will find it impossible to compete against the lower costing alternative energy sources.

Posted by: KEVIN SCHMIDT | June 22, 2008 9:04 PM | Report abuse

I think Senator Obama will play the race card throughout his entire presidency. When things don't go his way, the subject of race will be an issue.

Posted by: Sandy | June 22, 2008 9:01 PM | Report abuse

It would have been nice for WaPooPravda to actually print at least a summary of Obama's plan. Instead they smear him by parroting the neocon propaganda claiming Obama's plan won't work.

Why won't WaPooPravda let the readers decide for themselves?

Posted by: KEVIN SCHMIDT | June 22, 2008 9:00 PM | Report abuse

Robert Lewis - Obama's mother's social security application is very interesting. Thanks for showing us. gw.

Posted by: Iowatreasures | June 22, 2008 8:54 PM | Report abuse

Sorry folks, but you can't get oil by spouting about hope and change. Alternatives will be fine -SOME day- but for now, it's coal, nuclear, and drilling. Period.

Posted by: muskrat | June 22, 2008 8:52 PM | Report abuse

Exxon--Enron--Whats the difference? Whats the big difference already? What's McCain doing trying to regulate energy trading? He's Big Oil's boy ain't he, just like Bush/Cheney? Does anybody else notice it's ALWAYS the republicans who first start BLAMING the democrats for this & that & blah blah? George Bush can't keep out of it this year. He jumped on the energy issue like a bulldog after a T-bone steak. He couldn't wait to open his lying mouth and blame democrats for opposing offshore drilling. I guess he still believes Americans are basically stupid, just like they were when they elected him. Republicans are ALWAYS the first to start slinging mud & don't take blame for a single inimical circumstance. Then they espouse this "reach across the aisle" crap. Why don't they just shut the bad mouthing & do the "right thing", which is of course whats best for the country at large & not just do their "special interest" duties like obedient little puppets?

Posted by: BasilPelensky | June 22, 2008 8:48 PM | Report abuse

Doesn't sound very creative at all. The hot money that goes into the oil market is the same money that went to buy risky real estate securities: the retirement funds. If the government do not stop encouraging people to put their money into these risky investments, cracking the market will simply decrease the retirement money in people's accounts, and the speculators will go elsewhere to create new bubbles. Obama and his gang are trying to change the way 401 k operates. Instead letting people choose how to save for their retirement, the government will invest part of your salary into the market until you file paperwork to opt out. This will only exacerbate the economic problems.

Posted by: God Father | June 22, 2008 8:40 PM | Report abuse

"And yet they're still the number one producer of pollution."

No, USA is still #1. Get your "facts "straight!

Posted by: Mt | June 22, 2008 8:33 PM | Report abuse

"Does anyone really think they are changing minds out here in the blogosphere or do they just labor on for their personal arousal?"

Nobody will change the mind of those committed to the opposite opinion, but those readers who are not yet committed may be positively influence by intelligent discussion.

Posted by: Mt | June 22, 2008 8:32 PM | Report abuse

Oh, BTW, here you can read about your so called "non-existant [sic] cheap solar": http://www.google.com/corporate/green/energy/

Posted by: Mt | June 22, 2008 8:30 PM | Report abuse

Renegade capitalism reflects no human sentiment but only a view first to moneymaking. Big oil companies and oil states function in a world market with minimal controls over this valuable commodity of oil, sometimes called "black gold." No one entity can stop or retard this dynamic global environment involving user demand, various supply sources, population increase, national progress, intense self-interest (if not outright greed), power, and control. America may protect itself in this untamable maelstrom via a crash program to put in place alternative sources of energy and fuel, to reduce dependence on oil imports over time. Doing so will require national leadership and direction looking to a positive impact on the ordinary citizen.

Posted by: anotherview | June 22, 2008 8:29 PM | Report abuse

Personal arousal, and anyone who claims differently is lying to themselves, or is a complete tool.

Posted by: Anonymous | June 22, 2008 8:29 PM | Report abuse

Transparency in the trading markets is clearly a good idea. But, it is also an easy one to be for. The more difficult issues include how we find adequate energy supplies, how we pursue free trade in a global economy, and how we pay for government social programs. Proposed solutions to those kind of problems have a potential to distinguish the candidates and fragment their support bases.

Posted by: dnjake | June 22, 2008 8:28 PM | Report abuse

mcain kind of looks like a cross between a giant albino hamster and barney the dinosaur. His wife is way out of his league, obviously, im talkin' totally. How did he bag a babe like that? Something is definitely strange.
Obama is a black dude apparently, and I think it would be pretty cool to have a black dude run the country for awhile, whereas an old white dude with a hot wife might be kind of distracting because everybody (like world leaders at the white house on a sleepover) will be like ignoring him and checking her out. Not that obama's wife is chopped liver, not by any means, don't get me wrong. She's very attractive lady. They're more each other's speed so it won't be such a distracting mystery all the time to everybody like it is to me.
These are my critical observations from a neutral standpoint. I hope this helped people make their decision for november

Posted by: neutral observer | June 22, 2008 8:28 PM | Report abuse

"China has more efficient vehicle standards than USA"

And yet they're still the number one producer of pollution.

Posted by: Q-bert | June 22, 2008 8:27 PM | Report abuse

Does anyone really think they are changing minds out here in the blogosphere or do they just labor on for their personal arousal?

Posted by: Putawaythelotion | June 22, 2008 8:27 PM | Report abuse

Yes, Republicans have done everything possible to eliminate these alternatives. We all know that Reagan decided to remove the solar panels from the white house as soon as he took office, and that Bush jr tried to challenge California's zero emission vehicle program, etc.... Your arguments just confirm that Republicans believe oil is the solution to all future energy problems, and try to destroy anything to compete with it. Hey, why don't you open up your mind and look at what the rest of the world is doing. India is developing cars that run on compressed air, China has more efficient vehicle standards than USA, etc.... Oh no, Republicans don't want people to know THIS side of the story!

Posted by: Mt | June 22, 2008 8:25 PM | Report abuse

"Yes, if you presume that oil is the solution to all the future energy problems. Oil oil oil, I love oil, I'm a republican, I need oil! I mix oil into my morning coffee every day. Oil, oil, more oil!"

No, no. Here's what I like:

Non-existant cheap solar.

Non-existant reliable and affordable electric car batteries.

Non-existant safe hydrogen powered vehicles.

Economy draining bio-fuels.

Unproven scalable wind technology.

Denying new nuclear power plant permits.

Posted by: PAO | June 22, 2008 8:21 PM | Report abuse

"Big Oil will transcend elections, Democrat, Republican, etc."

Yes, if you presume that oil is the solution to all the future energy problems. Oil oil oil, I love oil, I'm a republican, I need oil! I mix oil into my morning coffee every day. Oil, oil, more oil!

Posted by: Joe | June 22, 2008 8:14 PM | Report abuse

Republicans always think the solution is increase oil supply to reduce demand, rather than reduce demand by offering ALTERNATIVES.

Posted by: Mt | June 22, 2008 8:12 PM | Report abuse

"This election you have a choice between voting for Big Oil (=Republicans) or voting for the American people (=Obama). Which will you choose? Do you think Exxon needs more of your money, or do you think Exxon has taken too much already?"

Laughable. "Big Oil" will transcend elections, Democrat, Republican, etc. The issue at hand is who has the best plan to deal with the current situation.

Obama's plan for more regulation that has been sitting in Congress for two years now is a disengenious approach to "put something out there" in the midst of the nation's domestic energy crisis taking center stage.

Posted by: Anonymous | June 22, 2008 8:12 PM | Report abuse

I'm voting Republican because I believe the only solution to the energy crisis is to keep on drilling for oil in environmentally sensitive areas rather than to develop alternative cleaner energy that will benefit America rather than Exxon only.

Posted by: Republican | June 22, 2008 8:10 PM | Report abuse

So let's assume there is a bubble in oil prices like there was in home prices. Won't it eventually collapse of its own accord too? Won't the so called speculators get their heads handed to them independently of government intervention? The best course of action is to reduce aggregate demand and increase supply.

Posted by: John | June 22, 2008 8:10 PM | Report abuse

Has everyone forgotten that it was former Sen. Phil Gramm who created (or at least led) the "Enron Loophole," and until just recently, Sen. McCain has been defending it in the vote against the farm bill and defending against its repeal on oil price increases.
It would have seemed a more balanced report if Ms. Kornblut had botherd to do so along with belching out the McCain spokespersons view.

Posted by: Gadfly | June 22, 2008 8:07 PM | Report abuse

McCain believes that baby seals may have a small supply in their brains, and therefore one should pursue drilling holes in their heads so increase supply.

Posted by: Mike K | June 22, 2008 8:07 PM | Report abuse

This election you have a choice between voting for Big Oil (=Republicans) or voting for the American people (=Obama). Which will you choose? Do you think Exxon needs more of your money, or do you think Exxon has taken too much already?

Posted by: Truth Teller | June 22, 2008 8:05 PM | Report abuse

I love when people talk about socialism when anybody attempts to hold greedy corporate leaders accountable.

Isn't it the duty of the US govt to protect its citizens? Or do you believe there should be absolutely no regulation on any industry?

History (and the current presidency) shows us this doesn't work. You see, when there is no regulation, things like the S&L scandal, Enron and the sub-prime mortgage crisis occur.

True, the govt shouldn't regulate when it doesn't have to, but when people suffer, can't drive to work, feed their family, in spite of working every day, something needs to be done.

Please, stop with the labels and scare words.

Posted by: magicInMiami | June 22, 2008 8:04 PM | Report abuse

everbod gimme a hayull yayuh!

Posted by: mccain person | June 22, 2008 8:03 PM | Report abuse

true dat, true dat

Posted by: white person | June 22, 2008 8:01 PM | Report abuse

mmhmm reckon i lak em french fried taters mmhmm reckon with mustrd ownem reckon

Posted by: another white person | June 22, 2008 8:00 PM | Report abuse

NEWS FLASH

LOU DOBBS IS AN IDIOT
SORRY A BIG , BIG IDIOT

WHY CNN ALLOWS HIM IN THE AIR TO TALK TO US IS BEYOND ME

DOES HE THINK HE CAN BE THE PRESIDENT ??
HE SOUNDS SO VERY STUPID

NEITHER CANDIDATE WILL DO , HE IS THE GREATEST ! WHY ARE WE BOTHERING WITH ANYBODY ELSE WHEN WE HAVE LOU ???

HA-HA
WHAT A DUZE

Posted by: BARRY08 | June 22, 2008 8:00 PM | Report abuse

The last big Republican plan for cheap gas was the Iraq war. Surefire winner. Surely no one wants another "plan" from these guys. Every time these guys come up with a plan to save the "average American" money on fuel and energy, Exxon/Mobile looks forward to another $1 or $2 or more per gallon. BEWARE

Posted by: FoolMeThrice? | June 22, 2008 7:59 PM | Report abuse

IMPORTANT YOU ALL WATCH THIS VIDEO BECAUSE IT TELLS YOU FLAT OUT THE TRUTH ABOUT WHAT MCCAIN ( MR. MAGOOO ) IS ABOUT

HE BROKE THE LAW ( NOT FIRST TIME EITHER )

CHECK IT IF OUR FUTURE CANDIDATE BREAKS THE LAW,
WHAT CAN WE EXPECT OF THE REST OF THE COUNTRY ???

http://www.cnn.com/video/#/video/politics/2008/06/21/obama.mccain.reality.checks.cnn

Posted by: BARRY08 | June 22, 2008 7:56 PM | Report abuse

IMPORTANT YOU ALL WATCH THIS VIDEO BECAUSE IT TELLS YOU FLAT OUT THE TRUTH ABOUT WHAT MCCAIN ( MR. MAGOOO ) IS ABOUT

HE BROKE THE LAW ( NOT FIRST TIME EITHER )

CHECK IT IF OUR FUTURE CANDIDATE BREAKS THE LAW,
WHAT CAN WE EXPECT OF THE REST OF THE COUNTRY ???

http://www.cnn.com/video/#/video/politics/2008/06/21/obama.mccain.reality.checks.cnn

Posted by: BARRY08 | June 22, 2008 7:56 PM | Report abuse

Since world banking and the oil cartel was mentioned by a few people here, I would suggest that you do a youtube search on the so-called "petro dollar". Quite a few people here will dismiss it as some kind of crazy conspiracy theory. Personally, I prefer to obtain as much info as I can on a subject before drawing any conclusions. I advise you to do the same.

Not everything not mentioned by mainstream media is a conspiracy theory. I was just watching Lou Dobbs on CNN and there was this persistent Exxon mobile advert every time in the break (about how great they are with the environment etc). Am I seriously expected to believe that Dobbs or anyone else on the mainstream media will bite the hand that feeds him??

Posted by: MrP | June 22, 2008 7:56 PM | Report abuse

From Chicago Counter Currents paper. Written by Pringle

About "Board Games" an OBAMA issue referenced on page 2 of the 19 pages in pringle's article for which there is a link below. If it does not work type in http://www.countercurrents.org/pringle150508.htm.

The article in Counter Currents focuses "on the corruption of two IL boards. the panel that approves investments from the 40billion pension fund for Teachers Retirement System and the Health Facilities Planning board which approves all medical facility construction projects in IL." It is worth reading because it is not the only problem.


http://www.countercurrents.org/pringle150508.htm

Posted by: Gramma62 | June 22, 2008 7:56 PM | Report abuse

I would propose that two of the biggest drivers in rising US oil costs are the fact that we enjoyed unfathomably affordable oil for so many years (ask Europe) and, more notably, the fact that we as a country have effectively done very little to lower the amount of oil we consume (despite the new "green" EVERYTHING).

The members of dreaded "big oil" are, for better and for worse, private companies looking to maximize profits at all times. Why is the conception largely that these companies have a duty to charge less than the market will support? Why also is the conception that our government has a duty to subsidize our preposterously high appetite for this particular commodity?

It does seem that the people who need to really affect this change (working in Detroit in some cases) are finally starting to address this, by way of GM's SUV production suspension than the industry wide green movement. Suspending SUV production is brilliant, and a long time coming. If they don't sell them, we can't buy them...simple as that. This is excellent, and we'd be lucky to see more companies follow suit, at least in some part. The trickle-down effect would be immeasurable.

At least thats my (overly simplified) take.

Posted by: Anonymous | June 22, 2008 7:55 PM | Report abuse

Obama will do great things. He will win the Presidency and undo what was put in place the last 8 years.
http://youngdemocratsforchange.com

Posted by: Suzanne | June 22, 2008 7:53 PM | Report abuse

http://72.14.205.104/search?q=cache:JmDh8qe3B7EJ:hsgac.senate.gov/_files/SenatePrint10965MarketSpecReportFINAL.pdf+oil+market+speculation&hl=en&ct=clnk&cd=2&gl=us

Should we add plagiarism to Obama's list of detractions?

Not sure if he's touting his plan as his own, but it wouldn't suprise me if he does.

Posted by: PAO | June 22, 2008 7:40 PM | Report abuse

What about oil trading in the rest of the world? If they clamp down on NY, what about London?

Maybe they should focus on the criminal Federal Reserve. Stop printing money and raise interest rates: the quickest path to lower oil prices.

Posted by: John | June 22, 2008 7:35 PM | Report abuse

I wonder when Michelle Shaniqua Obama's "whitey" tape will surface. I think the Republicans will release it in October. It would not make sense to release it now. I know the Obama people dimiss it as a hoax but that is what they want you to beleive.

Michelle Shaniqua Obama is a race baiter. Did you hear her speach in NC? SHe kept saying throughout her speech that "they" are trying to raise the bar. "They" are keep moving the goal post. "They" don't want to see you succeed. ("They" = "Whitey") Everytime she would say these lines you would hear the audience reply, "uh huh, that's right", "amen", "i heard that (obviously a black audience).

Posted by: Dianne72 | June 22, 2008 7:35 PM | Report abuse

Obama is actually far to lenient. I live in France and see much news NEVER published in America. French reports on the oil crisis say this. There is no shortage of oil. Each year for the last 20 years, more oil has been discovered than has been used worldwide. This includes a "never mentioned in America" VAST new field of high quality, "sweet" oil off the coast of South America. The French also report that, the refineries (owned by the oil companies) have augmented the price they charge for refining oil (to themselves!) by up to 400%. Speculation is the blamed for another 40% of the current cost rise. Hedge funds are the major speculators.

The World Banking Cartel owns the majority of the money invested in the Hedge Funds. Thus their implication in the fierce resistance to a windfall profits tax for instance, or even being sent to jail for financial treason against their own individual countries......which is exactly what they merit.

Lets put Colin Powell in charge of a special military unit to arrest the major members of all the banking families in America, the major stockholders of all the big Hedge Funds (the "new" Billionaires) and send them all to Guantanamo. Then teams of accountants led by the FBI would raid all the Federal Reserve banks and open their records to the world. The crimes revealed in those records would allow us to "forever forget" a certain number of those held in Guantanamo, (as in, "leave them there to rot") and of course confiscate their properties and businesses, for the benefit of the Social Security System, for instance.

Once in the Feds records, we can then "do a Lincoln" on them and take away their right to print and distribute the America Dollar. The Treasury would then take over this task, and all the Feds would be closed. Frightened Senators and Congressmen could then be coerced into writing a new amendment into the Constitution forever guarding this right for the government of the USA only, thus freezing the Private World Banking Cartel out of our money supply and taking away from them FOREVER, their right to rob us blind.
In the interim, if you wish to know why all this makes perfect sense, see the internet film, "The Money Masters" on Google. If you haven't time, read "What Caused the American Housing Collapse" in their FAQ's. Bonne chance!

Posted by: victor compton | June 22, 2008 7:30 PM | Report abuse

Rampant speculation can only work in a commodity where there is perceived scarcity. While the speculation in those conditions is harmful, a more fundamental solution is to increase supply so that the scarcity, real or imagined, gets undercut.

Obama's claim that we cannot drill our way out of this crisis may or may not be true but putting forward a policy that does not increase domestic exploitation of our petroleum resources certainly exacerbates the perception of scarcity for many years.

Posted by: Ed | June 22, 2008 7:29 PM | Report abuse

Dear "Worthless Comment",

Guess what? The name "Barry" is what he went by during school. Good luck on worthless comment comentary. They are truly worthless.

Posted by: Nadeem Zakaria | June 22, 2008 7:27 PM | Report abuse

Obama's mother's original Social Security Number Application

http://webofdeception.com/obamamother'sssapplication.html

Posted by: Robert Lewis | June 22, 2008 7:18 PM | Report abuse

Obama is a smooth talker. He's got America in bed on a first date.

Posted by: Rico Suave | June 22, 2008 7:17 PM | Report abuse

Oh Good God how did the village idiotic
Democrats ever come up with an arrogant phony smirking lying empty suit cocaine snorter loser like Barack Hussein Obama as
their Black Clone of George W Bush anyhow?
So didn't Barack Hussein Obama vote for his
relative Vice President Draft Dodger Cheney
Energy Bill as well? The Obamafools need to
sober up after they drank all that Obama Kool Aid and Realize what a loser Obama and
his goofy wife Michelle Obama both are.
I will never vote for Obama and I sure do
not want Michelle Obama as First Lady. So
please just say No to Obama! NOBAMA!

Posted by: sherry kay 2004 | June 22, 2008 7:16 PM | Report abuse

Obama gets the upper hand on gas prices because all voters see in McCain and the GOP is a party and a president who did nothing (same as Dems) for 7+ years.

http://www.political-buzz.com/

Posted by: matt | June 22, 2008 7:15 PM | Report abuse

Real world conversation flow
A Talks to --> B responds + adds to--> A responds + adds to--> B...= new information exchanged and analyzed.

Internet world conversation flow
A Talks to the void-->
B Talks to the void-->
A comments on--> B's comment to void
B insults A
A hates B
B hates A
No new informaiton exchanged, nothing analyzed. Void obliterates comments and remains empty.

Posted by: Worthless Comment | June 22, 2008 7:10 PM | Report abuse

Nobody likes a smart ass.

Posted by: Jeff | June 22, 2008 7:08 PM | Report abuse

So Barack Obama's solution to everything is increased regulation. Now he wants to increase regulation of oil companies. How will that ease the economic burden on his despised working class?

His health care reform plan is also built on increased regulation - which will increase costs for the insuranace companies and price millions more Americans out of health insurance.

The bottom line is all the "change" that Barack Obama is promising will only hurt the middle class American citizen.

I will not vote for Obama. Obama is George Bush's black twin. I was smart enough to not vote for George Bush and I am smart enough to not vote for Obama. Too bad the rest of America....

Posted by: McCain Woman Democrat | June 22, 2008 7:07 PM | Report abuse

re: Susan
"If McCain had already supported closing this loophole, why hasn't he been talking about it, rather than the stupid gas tax holiday gimmick?"
-
Because McCain's senior economic advisor, Phil Gramm is the one who made the loophole n the first place.
-
Just google: "Phil Gramm Enron Loophole"

Posted by: GreyFlcn | June 22, 2008 7:07 PM | Report abuse

So Obama's plan doesn't even mention supply when the ENTIRE WORLD is begging the Saudi's to increase production, which they agreed to. Intersting.

Equally as instersting, I don't really see the ENTIRE WORLD begging oil market insiders to regulate speculation.

Can someone please let Obama know what "good judgement" actually means?

Posted by: PAO | June 22, 2008 7:03 PM | Report abuse

To Mike M... I don't think that is the level of talk we want in this forum.. same way that nobody should attack Michelle in the looks department. We should concentrate on issues e.g. Obama tried to have an earmark for Michelle.

Posted by: CP Cook | June 22, 2008 7:02 PM | Report abuse