this is a ridiculous argument
first of all that is $191 billion over the production period which is decades long.
secondly from the numbers she provides the government would be making $191,000,000,000 in revenue, but the oil companies would make a total of $1,287,500,000,000
obviously they have to invest siginificant resources to research and drill, but this is nothing more than a handout to companies already making billions of dollars in profit per quarter to provide a paltry additional revenue stream to the government while endangering our protected wildlife.
getting an extra sliver of oil should not be our main concern at the moment. |
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that Bachman would use this crisis as a means to drill in ANWR? For Pete's sake, do Republicans have ANY SENSE OF SHAME! Run our economy into the ditch, then use it for political purposes to ruin the environment. Great idea! |
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Let them eat cake
Here in the south, we have a saying, "The proof is in the puddin," darlin!
What do "we the people" want? (Notice, "we the people")
A Tea Party with some southern flavor, sounds good to me. (don't try to make this a racial post, it's not, period)
Considering, the other options, there are none for us!
This nation has experienced unprecedented evolution and one very memorable, revolution.
Do we have to go there, again?
1. We want accountability. Who, what, where, why are they not being held accountable (to the partisans reading this, notice I did not put in here, who I believe is "hugely responsible")
2. Expose those who are responsible.
We want names of those who are supposed to be working for us, politicians, brokers, lobbyist, whomever participated in, benefited from, this global crisis that is being paid for, by our hard earned money, exposed online.
(a) Why do we only see the small snippets, of those responsible, being exposed by Fox TV?
(I Love Fox, by the way! You truly are "fair and balanced")
(b) Where is the rest of the media?
All of a sudden, I get this vision of Lady Justice with a blind fold on, taking a little, sneaky, peaky!
3. We want prosecution, on the highest levels, of those who violated our trust, broke the laws and have created this vortex.
4. We want a voice, who will "truly" speak on our behalf, and not rhetoric to get our vote.
5. Those CEO's who walked away with Millions of our, hard earned money, We want it back!
Evidently, the main stream media, has no balls and in my opinion, have been sleeping and copulating with the enemy, anyway. If the shoe fits, wear it
Do you really want another Tea Party? |
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The thing here is is that it wouldn't cost the taxpayers a dime. Just open the areas to drilling, let the companies pay for the leases and for the recovery of the oil. Where is the down side of this? |
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this is an insidious and idiotic attempt to use the economic meltdown for political gain. The idea that by drilling in ANWR we will dig ourselves out of the mortgage crisis is certifiably INSANE!! |
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But NO tax credits, incentives, or subsidies for drilling. |
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This is very well written:
The point of the [bailout] is to provide a bid for the bad mortgage-based assets that, in Paulson’s words, are “clogging the balance sheets” of many financial institutions. He wants to provide a market so that financial firms can sell these assets and get on with life.
The price at which they will be sold is all-important. Get it too low, and you’ll put a lot of firms out of business, because they will be forced to realize capital losses they can’t recover from.
Get it too high, and you’ll be doing two extremely bad things: you’ll be rewarding banks and Wall Street for making bad decisions; and you’ll expose the taxpayers to losses and inflation.
So the key question for Paulson and Bernanke is: who will be determining the valuation? You want above all to make sure that this job is done right, which means getting the best available people from the private sector to do it. How will they be compensated, and what are their incentives?
Already Barney Frank is saying that the people who do the valuation must not be allowed to make a lot of money. How do you get really top people on that basis? Given the dire implications of getting this wrong, it’s charitable to say that Mr. Frank is being shortsighted and probably a little vindictive.
The really deep problem I have, however, is this: what if the true, correct valuation of distressed mortgage-backed assets is actually very, very low? Like, say, five or ten cents on the dollar?
This outcome, if it happens, would be reflective of the fact that the housing industry significantly overbuilt, in response to the price bubble that burst in 2006. And that’s a misallocation of resources that simply can’t be willed away by bailouts, taxpayer handouts to Democratic constituencies, or fairy dust.
http://www.redstate.com/diaries/redstate/2008/sep/22/a-few- important-questions-for-mr-paulson-and/
http://www.commentarymagazine.com/blogs/index.php/jpodhoret z/31851
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well first of all these are public lands, and if the public is going to give up the resources on these lands the public should be fairly compensated for them
secondly there is a reason we have protected lands, they don't generally just go around making lands protected without cause, so to allow drilling we would have to have substantial reason.
the risk here to our environment and wildlife, does not merit the paltry reward.
and to suggest that 191 billion over a period of decades, will have any effect on this current economic crisis is absurd, and it is blatant use of a crisis for non-related personal causes. |
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Instead of looking for a random way to offset the cost to the taxpayer, why don't we do what we did in the airline bailouts and the Chrysler bailout--give the federal government warrants so they can eventually turn a profit when the companies rebound.
I know it's crazy, proposing a sensible and relevant solution. It's much better to propose a solution, like the one above, that has no relevance to the situation and won't even generate significant revenues. |
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Look at these numbers; they're saying that ANWR would produce about 6.3 billion of revenues a year. This, they say, will offset the 700 billion in expenditures.
Really? Really? If your household was $500,000 dollars in debt, would you focus on securing an $5,000 a year raise as a solution to your problem? That's what this idiotic item is proposing.
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Paulson and Benanke have been wrong since day one. Where's the accountability? This will be the world's biggest swindle if passed. The last thing Paulson and the administration want is any serious examination. The American people will never know what hit them, and few will understand why this creation and conversion of tax payer debt into corporate banking wealth is being executed.
McCain and Republicans need to stand tall on this and vote NO on the bailout if they want a chance in November. Obama is all over it, kissing Paulson's rear end. Of course he is, as one of the Democratic mottos is "Just cut me in".
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People ask me why I write so much about Bachmann. This is why:
Her summer long campaign to open up ANWR to more drilling fails. She's caught voting *against* more drilling, so the Dems get credit for expanding the drilling.
Then Wall Street melts down. She asked for and received a seat on the House Finance Committee, but she did nothing to prevent the coming crisis--in fact she was a vote for the de-regulation that caused it.
And so now her next brilliant idea is use the economic meltdown to re-justify the drilling in ANWR.
She's a scream, boys and girls. No brain, no shame--rising just the same. The story of conservatism. |
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Congressmen and Senators are the very ones who caused the crisis to begin with. They insisted on financial institutions writing mortgages for millions who could not afford to repay the mortgage. THEY KNEW THIS! When the mortgages went into default, the borrower either wrecked the place and took off, or they were bailed out using the money of people who saved all their lives to build a little nest egg. Mainly, retired people who paid their way. They saved for large purchases and did not borrow. Now they are facing a depression.
The drastic steps being to avert a financial fatality are merely stalling a depression long enough for the big guys to get their money out before the house-of-cards collaspes. This is criminal. We are stupid for believing our elected officials who constantly screw us. |
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The idea has merit and common sense.
Therefore, this is no chance that it will be adopted. |
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What happened next was extraordinary. For the first time in history, a serious Fannie and Freddie reform bill was passed by the Senate Banking Committee. The bill gave a regulator power to crack down, and would have required the companies to eliminate their investments in risky assets.
Different World
If that bill had become law, then the world today would be different. In 2005, 2006 and 2007, a blizzard of terrible mortgage paper fluttered out of the Fannie and Freddie clouds, burying many of our oldest and most venerable institutions. Without their checkbooks keeping the market liquid and buying up excess supply, the market would likely have not existed.
But the bill didn't become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn't even get the Senate to vote on the matter.
That such a reckless political stand could have been taken by the Democrats was obscene even then. Wallison wrote at the time: ``It is a classic case of socializing the risk while privatizing the profit. The Democrats and the few Republicans who oppose portfolio limitations could not possibly do so if their constituents understood what they were doing.''
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKS oiNbnQY0 |
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"They insisted on financial institutions writing mortgages for millions who could not afford to repay the mortgage."
That is a lie.
Are you also saying that the feds forced financial institutions to constantly call elderly people who owned their homes to trick them into outrageous mortgages? A large percentage of the bad mortgages were given to elderly people who already owned their homes, the kind of people who were bombarded with advertisements.
"Mainly, retired people who paid their way."
As I said, retired people were a major part of these bad mortgages. They were sold to them by fraudulent, slimy brokers who knew they could, because of Republican deregulation, package these bad mortgages into securities, pay a firm to rate these junk securities as an excellent investment, and then sell them.
It was like printing money. It had ZERO to do with prohibitions on redlining, though I know that's the current conservative lie. The law conservatives are blaming was passed in 1976. Why did it take over thirty years for it to cause the crash? If it was so bad, why didn't the Republicans who have been in charge of the government do anything about it? |
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Michelle, one question:
How about a bailout that would actually mean somehing--money's to help our poor repsonse to public education? We are going to let our kids freeze in 60 degree classrooms this winter, while the government continues to bailout the frauds and cheats of the investment banking industry?
Shame on us...Where are you to help decry the state's efforts in securing funds for our public schools! |
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This has to be one of the dumbest ideas I have ever seen out of Bachmann--and there's a LOT of competition for that title. I wonder what her colleagues on the Financial Services Committee think of this brainstorm? As long as we're looking for some creative ways to come up with some cash for the federal government, how about whacking federal farm subsidies paid to members of Congress who don't live on a farm and make $169,000 a year? On the Bachmann Family Farm alone, that would have saved over a quarter of a million dollars in the past 10 years. And that's just one farm! Or how about eliminating all oil royalties paid to the state of Alaska that enables their citizens to get checks for $1500-$2000 each year from their state--paid for by YOU every time you fill your tank. Or maybe ALL Americans could share in the wealth. After all, aren't we the UNITED States of America? Maybe Michele is so anxious to drill in ANWR because she's afraid they will secede from the U.S., like Sarah Palin's husband's political party advocates. Just a few more ideas for Michele. |
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But I can't take four more years of the last eight. NOTE: the lack of regulation made this financial crisis happen. You can't get rid of human greed but you can regulate. The SEC changed the no uptick short sale rule and that is why stocks are going down so much so quickly. Please this the BUSH SEC who did this. They weren't watching the chickens and let the foxes in. BTW this isn't over, its only the beginning. And please don't tell me that the republican white house and control of congress for six of the last eight years has nothing to do it. IMHO they should all be thrown out. I wonder how many of us would support the war if we had to pay for it now through a tax increase, instead our children will have to pay for it. I think that is selfish. McCain doesn't look well and that women just scares me. Bush is hte Hoover of our century. Save your money, raise cash, it aint over yet. |
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Ok, let us imagine that a Republican wanted to find some way that would aggravate, annoy and poke the Democrats in they eye the most when devising a way to make money. Some sure fire way to insure that your measure will get shot down for sure so you can claim personal political brownie points.
Yeah, drill in ANWR.
Way to go Michele.
Way to put partisan political interests before the needs of the country.
Why not suggest to nationalize all oil companies? At least that way you get one Democrat to agree with you.
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And you dare to label me a liar! |
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Energy is where we make our money and cut our expenses Michelle obviously understands this concept.
I have yet to figure out how this bailout effects me. How dare these guys expect me to bailout crooks like Harold Raines. |
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This is foolish, bailout, i think not.Do any of you realize what really has happened,sub prime sure, they let people in california who made $17 bucks an hour buy 400k houses and gave them 125% loan so they could buy caddies and hummers for their american dream, and then sold the paper to suckers on wallstreet trying to cash in on loans with sliding interest rates, and when the $17 bucks couldnt pay the house fell in and now WE who dont buy what we cant afford get to pay for their mistakes and its right ,I dont think so, and its not dems vs repubs. its washington and wallstreet against all of us,and when congress is finished with adding the usual crap this country will truely be in deep problems,let them sink, some one will buy the worthless paper for dimes instead of dollars and sell the homes and we wont get stuck once again by congress and wallstreet, they dont deserve our help they need to flop and lose their money for once, maybe then it will end. |
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as for the oil, we are not drilling and we should be, but dems say no, and then lie,when did enterprize and work and success become such a dirty word,and when did profit make you evil,this is nuts,I thought the ocean was international after 7 miles when did it get extended to 100 miles, and how did we lose the right to use our own resources for our own country, this is crazy, and if you really cant see that you are crazy also.Put away your politics and use you brain and tell me WHY are we allowing this to happen, this country doesnt belong to them, it belongs to us ALL. |
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IT isnt the culprit or the answer, you cant legislate morality it doesnt work, dems dont seem to get that, the way to end this crap is to let the idiots drown, cant pay your morgage, lose your house, chased the big easy buck and lost , lose you company,own stock in it, SUE the rotten idiots they got hundreds of millions and walked away laughing, put them in jail for fraud , thats the regulations you need to do. |
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Interesting. So all those laws about murder and robbery should be taken off the books, and just deregulate human behavior wholesale. The REpukes have great answers to everything! |
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against "unrelated provisions"
you ma'am are another disgrace to the nation.
you and palin and bush deserve to go home from government take gene shaheen with you.
Bush warns Congress against "unrelated provisions"
In a move to reassure the financial markets, President Bush issued a statement right at the opening bell Monday to applaud congressional leaders for scrambling over the weekend to assemble legislation that would grant the Treasury Department historic new authority to buy mortgage-related assets.
But the president also warns Democrats that "it would not be understandable if members of Congress sought to use this emergency legislation to pass unrelated provisions, or to insist on provisions that would undermine the effectiveness of the plan.
"Americans are watching to see if Democrats and Republicans, the Congress and the White House, can come together to solve this problem with the urgency it warrants," Bush said. "Indeed, the whole world is watching to see if we can act quickly to shore up our markets and prevent damage to our capital markets, businesses, our housing sector, and retirement accounts."
By Patrick O'Connor 10:05 AM
http://www.politico.com/blogs/thecrypt/0908/Bush_warns_Cong ress_against_unrelated_provisions.html
i can't believe the imbicles in this district vote for your kind of ignorance. |
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Michele,
Don't let all of the negative comments get you down. I admire you a lot, because you are standing up for the true conservative principles that our party used to be known for. Our party needs to return to fiscal conservatism. I am in total agreement with you and the idea of opening up ANWR and other areas. We need to do whatever we can to bring in more revenue at this crucial time. Obviously this will not happen overnight, but it will be a beginning to energy independence hopefully.
My main concern at this time is the "bailout". I am against it for a lot of reasons, but the main reason for my dissent is I feel this will be a giant step into socialism. If we go through with this, where will it end? There will always be another company with questionable practices that will want the government to write them a check. No one will ever feel the need to be accountable for their actions again. We need to encourage accountability and transparency. No more back room deals in smoke filled rooms. We are a strong nation built on solid ground. We have survived much worse as a nation and we will survive this. Please, I encourage you and your colleagues to step back and consider what is in the best interest of the people of America. Do not write Sec. Paulson a blank check. Say no to socialism.
Hester |
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Taxpayers in this state are headed down the proverbial shute if the Legislature does not stop the massive Theft of our Tax monies to give to none working slackers. I just listened to salary survey of certain counties and it found that the average worker made $25,000/year...while the average welfare family made $37,000/year...WHAT IS WRONG WITH THAT PICTURE???? "Robbing Peter to pay Pedro" is against the constitution. We are headed for anarchy if we do not follow the law. Even the the bible had laws..ever heard of the 10 Commandments? It is unsustainable to breed slackers at the expense of Workers. Workers and businesses are leaving the state or going out of business because of the ruthless, greedy thieft of this state.
$35 Billion budget and over half is stolen from us for WELFARE?!?!? The insufferable FOOLS are talking more taxes!! IT MUST STOP!!
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When the 13 states adopted our constitution in 1787, A. Tyler, a Scottish prof., said this about democracies.
"A democracy is temporary in nature; it cannot exist as a permanent form of government."
"A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury."
"From that moment on, the majority always votes for candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy,which is always followed by a dictatorship."
"The average age of the world's greatest civilizations from the beginning of history, has been about 200 years"
"During those years, nations progressed through the following stages:
1. from bondage to spiritual faith;
2. from spiritual faith to great courage;
3. from courage to liberty;
4. from liberty to abundance;
5. from abundance to complacency;
6. from complacency to apathy;
7. from apathy to dependence;
8. from dependence back into bondage"
Some facts on the 2000 Pres. election:
No. of States won:
Dem.: 19
Rep.: 29
Sq. mi. of land won:
Dem.: 580,000
Rep.: 2,427,000
Pop. of counties won:
Democrats: 127 million
Republicans: 143 million
Murder rate per 100K residents in counties won:
Dem.: 13.2
Rep.: 2.1
"The territory Rep.'s won land owned by Taxpayers.
Dem. territory was those living in Gov.-owned tenements and living off government welfare..." The USA is now between the "complacency and apathy" phase of democracy, with 40% of the population having reached the "Gov. dependency" phase.
If We grant amnesty and citizenship to 30 million criminal invaders/illegals and they vote, then we can say goodbye to the USA in about 5 yrs.
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