Wall Street has a lot of blame to bear in this debacle. Speculators are killing us economically and if they won't enforce the laws on the books about manipulative speculation, regular Americans have no chance. Ed has this one exactly right, even if I don't always agree with his point of view on some issues.
Good question raised that deserves a lot more probing and reporting: Where are the progressives on this and why aren't they doing a hell of a lot MORE???? It's disgusting that they behave like the party of big business so much these days! I truly wish the left would go after their own who get off the platform with as much vigor as they do republicans behaving badly.
Big oil and big money bags doesn't care what letter appears after their names and it appears neither do the politicians as long as the letter "C" is present.
Nothing like a little truth to break up a little lying Tea Party. I get so sick of the "drill, baby, drill" BS as the one only way to get gasoline prices under control. Too much Tea results in very little truth.
Obama wants the subsidies ended, now Boehner, trying to look like he gives a damn, is giving lip service to the idea.
WASHINGTON | Tue Apr 26, 2011 8:26am EDT
(Reuters) - Congress should consider cutting multibillion-dollar subsidies to oil companies amid rising concern over skyrocketing gas prices, House of Representatives Speaker John Boehner said on Monday.
"It's certainly something we should be looking at," Boehner said in an ABC News interview. "We're in a time when the federal government's short on revenues. They ought to be paying their fair share."
"Everybody wants to go after the oil companies and frankly, they've got some part of this to blame," he said.
But Boehner said he also wanted to "see all the facts" first.
Boehner's remarks echoed concerns expressed this month by President Barack Obama, who asked Congress to repeal $3.6 billion in annual oil, natural gas and coal subsidies, a move that would total $46.2 billion over a decade and help pay for clean energy initiatives.
But Boehner's comments go against Republican orthodoxy because the party traditionally is very supportive of the oil and gas industry and rejects most policies that would raise the costs of domestic energy production.
Boehner also suggested that Obama could lose the 2012 election if gas prices do not decline.
The last line is why the repubs will never go along with this.
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Wall Street has a lot of blame to bear in this debacle. Speculators are killing us economically and if they won't enforce the laws on the books about manipulative speculation, regular Americans have no chance.
ReplyDeleteEd has this one exactly right, even if I don't always agree with his point of view on some issues.
Good question raised that deserves a lot more probing and reporting: Where are the progressives on this and why aren't they doing a hell of a lot MORE????
ReplyDeleteIt's disgusting that they behave like the party of big business so much these days!
I truly wish the left would go after their own who get off the platform with as much vigor as they do republicans behaving badly.
Big oil and big money bags doesn't care what letter appears after their names and it appears neither do the politicians as long as the letter "C" is present.
ReplyDeleteTo be closely followed by letter "P" as in power.
ReplyDeleteSubsidizing companies who make billions.
ReplyDeleteThe most inane idea the government has ever had.
Nothing like a little truth to break up a little lying Tea Party.
ReplyDeleteI get so sick of the "drill, baby, drill" BS as the one only way to get gasoline prices under control.
Too much Tea results in very little truth.
Let the games begin
ReplyDeleteObama wants the subsidies ended, now Boehner, trying to look like he gives a damn, is giving lip service to the idea.
WASHINGTON | Tue Apr 26, 2011 8:26am EDT
(Reuters) - Congress should consider cutting multibillion-dollar subsidies to oil companies amid rising concern over skyrocketing gas prices, House of Representatives Speaker John Boehner said on Monday.
"It's certainly something we should be looking at," Boehner said in an ABC News interview. "We're in a time when the federal government's short on revenues. They ought to be paying their fair share."
"Everybody wants to go after the oil companies and frankly, they've got some part of this to blame," he said.
But Boehner said he also wanted to "see all the facts" first.
Boehner's remarks echoed concerns expressed this month by President Barack Obama, who asked Congress to repeal $3.6 billion in annual oil, natural gas and coal subsidies, a move that would total $46.2 billion over a decade and help pay for clean energy initiatives.
But Boehner's comments go against Republican orthodoxy because the party traditionally is very supportive of the oil and gas industry and rejects most policies that would raise the costs of domestic energy production.
Boehner also suggested that Obama could lose the 2012 election if gas prices do not decline.
The last line is why the repubs will never go along with this.