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Talibs destroy bridges in preparation for Arghandab battle
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-Short Attention Span Theater-
AP to negotiate with non-existent 'Media Bloggers Association' - Nobody's Buying It
Posted by: Anonymoose || 06/18/2008 20:51 || Comments || Link || [3 views] Top|| File under:

#1  STWANGEZ [strange] > I've seen that name on the Net many times over the years, AND IT DOESN'T EXIST???
Posted by: JosephMendiola || 06/18/2008 23:59 Comments || Top||


Muslims barred from picture at Obama event
Two Muslim women at Barack Obama's rally in Detroit Monday were barred from sitting behind the podium by campaign volunteers seeking to prevent the women's headscarves from appearing in photographs or on television with the candidate.

The campaign has apologized to the women, all Obama supporters who said they felt betrayed by their treatment at the rally.

"This is of course not the policy of the campaign. It is offensive and counter to Obama's commitment to bring Americans together and simply not the kind of campaign we run," said Obama spokesman Bill Burton. "We sincerely apologize for the behavior of these volunteers."

Posted by: Beavis || 06/18/2008 12:24 || Comments || Link || [8 views] Top|| File under:

#1  This had me howling when I heard it. The dear Muzz causing trouble for Hussein. Told they have to lay low, keep out of sight, and shut up at Barry's events. Don't want them 'Merican voters to catch on, ya know. F**king Muzz ain't gonna have much of that, since they are bankrolling him. Just a matter of time now. Tick, tick, tick..
Posted by: Woozle Elmeter 2700 || 06/18/2008 19:23 Comments || Top||

#2  prolly time to start ridiculing his muzz base for accepting the humiliating treatment from a kufir *wink wink*? The resulting chaos would be delicious
Posted by: Frank G || 06/18/2008 19:39 Comments || Top||

#3  The campaign has apologized to the women, all Obama supporters who said they felt betrayed by their treatment at the rally.

Hang in there! This was just the beginning. Should he win in November, major league betrayal to follow.
Posted by: Besoeker || 06/18/2008 21:10 Comments || Top||


Amy Has Further Tests After Fainting
More tests are being carried out Amy Winehouse, who was admitted to hospital after she fainted at home, her spokesman has said.

The singer was taken to a central London hospital as a precautionary measure by her father, Mitch, on Monday afternoon. Winehouse underwent tests at The London Clinic to see what had caused her to collapse.

Her spokesman said tests had been inconclusive and she would be having further tests as well as being kept under observation. He continued: 'She seems to be fine in herself, but they are taking their time to be sure.'
Posted by: Fred || 06/18/2008 00:00 || Comments || Link || [3 views] Top|| File under:

#1  Based nominally on her most recent photos, SHE SEEMS NOT BE EATING PROPERLY. There were also Net reports last year that. besdies the drugs, she suffers from an Eating Disorder???

And then theres Pregnancy...???

Her physical appearance reminds me alot of one of my former femme classmates from the '70's.
Posted by: JosephMendiola || 06/18/2008 0:23 Comments || Top||

#2  Put her out of our misery! She's a nasty skank!
Posted by: One Handed Taco Muncher || 06/18/2008 5:11 Comments || Top||

#3  When "fainting" is associated with drug use, it's usually called "passing out."
Posted by: Mike || 06/18/2008 6:23 Comments || Top||

#4  JAJ

(Just Another Junky)
Posted by: OldSpook || 06/18/2008 9:39 Comments || Top||

#5  Junky? Ya think?
Posted by: AzCat || 06/18/2008 9:55 Comments || Top||

#6  Heroin didn't hurt Iggy Pop any:

http://tinyurl.com/3z9b3x

The buffest punk rocker still alive.
Posted by: Anonymoose || 06/18/2008 10:04 Comments || Top||

#7  yikes, AzCat! Didn't I see that in Dawn Of The Dead?
Posted by: Frank G || 06/18/2008 10:11 Comments || Top||

#8  A distant ship's smoke on the horizon..
Posted by: swksvolFF || 06/18/2008 10:52 Comments || Top||

#9  I've seen that look on peoples' faces before...the kind of people who just don't get it.
Posted by: Abu Uluque || 06/18/2008 12:17 Comments || Top||

#10  Probably Frank, probably. And to think she looked like this less than five years ago. Drugs are bad m'kay?
Posted by: AzCat || 06/18/2008 12:56 Comments || Top||

#11  Jeeze, aren't that skank's 15 minutes up yet?
Posted by: mojo || 06/18/2008 13:19 Comments || Top||

#12  Next up - Gucci toe tag...
Posted by: M. Murcek || 06/18/2008 13:24 Comments || Top||

#13  When a chick gets a tatoo, it's all downhill from there.
Besides being hospitalized and going into rehab, I still don't know what this skank is famous for.
Posted by: tu3031 || 06/18/2008 13:28 Comments || Top||

#14  LOL - she had a pretty good hit last year, coincidentally, the lyrics went: "Don't wanna go to rehab, no, no, no..."

I'm not making that up, either
Posted by: Frank G || 06/18/2008 14:36 Comments || Top||

#15  Compare and contrast to Cyd Charisse who just passed on last night.

Class vs Ass
Posted by: OldSpook || 06/18/2008 20:17 Comments || Top||

#16  One Handed Taco Muncher,

we got the the Muncher Family now!! Rantburg is a'rising! :)
Posted by: RD || 06/18/2008 20:25 Comments || Top||

#17  OMG what a pic AzCat >> #5
Posted by: RD || 06/18/2008 20:29 Comments || Top||


-Signs, Portents, and the Weather-
Obama’s National Security Who’s Who of Incompetance
"Depressingly, there is not a single innovative, controversial, outside-the-box thinker on this list. Where is the intellectual challenge and vitality?"
from a commenter somewhere.


Obama’s National Security Who’s Who of Incompetence

Jun 18 at 1:01pm by Macranger

You’ve got to love this. Here’s is Obama’s “National Security Working Group”:

* Secretary of State Madeleine Albright
* Senator David Boren, former Chairman of the Senate Select Committee on Intelligence
* Secretary of State Warren Christopher
* Greg Craig, former director of the State Department Office of Policy Planning
* Secretary of the Navy Richard Danzig
* Representative Lee Hamilton, former Chairman of the House Foreign Affairs Committee
* Deputy Attorney General Eric Holder
* Dr. Tony Lake, former National Security Advisor
* Senator Sam Nunn, former Chairman of the Senate Armed Services Committee.
* Secretary of Defense William Perry
* Dr. Susan Rice, former Assistant Secretary of State
* Representative Tim Roemer, 9/11 Commissioner
* Jim Steinberg, former Deputy National Security Advisor
Posted by: Sherry || 06/18/2008 16:36 || Comments || Link || [1 views] Top|| File under:

#1  National Security 'Oatmeal Brains' at their best. A diversity of color as long as it's beige.

I'm surprised these folks came out from the rocks they've been hiding under. They must have gotten excited to see their names in print again.
Posted by: Mullah Richard || 06/18/2008 17:22 Comments || Top||

#2  Richard, if you mention Madeleine Albright getting a tingle up her leg, I'm gonna throw up
Posted by: Frank G || 06/18/2008 18:29 Comments || Top||

#3  That's a pack of losers. But, where's Jimmuh? Damn, he's gonna cry hisownself to sleep tonight.
Posted by: Woozle Elmeter 2700 || 06/18/2008 19:28 Comments || Top||

#4  Wel-l-l, IMO I don't think anyone on the list can seriously believe UN Sanctions ala SADDAM HUSSEIN [1980's-2003]will work as per IRAN, espec vv RUSSIA + SCO [read - PRO-NUKE CENTRAL ASIAN MUSLIM STATES].
Posted by: JosephMendiola || 06/18/2008 19:50 Comments || Top||


Africa Subsaharan
Australia mulls more Zimbabwe sanctions if Mugabe wins
SYDNEY - Australia may impose more sanctions against Zimbabwe if President Robert Mugabe wins a run-off election, Foreign Minister Stephen Smith said, accusing him of trying to ‘steal’ the vote. Smith, speaking on public television late Tuesday, also called on African nations to do more to end ‘a campaign of violence, intimidation and fear’ in the country ahead of the June 27 election.
Seeing as Bob's got the election in the bag, a plan B would be helpful ...
He singled out South Africa's President Thabo Mbeki for criticism, saying the international community had expected a stronger stance on Mugabe's conduct during the current election campaign. ‘I think it is true to say that the international community has been somewhat disappointed by the lack of robustness on the part of the president and the South African government,’ Smith said.

Smith accused Mugabe of trying to ‘steal’ a second round election run-off against opposition leader Morgan Tsvangirai after his rival came just short of an absolute majority in the first round, according to official, but disputed, figures. ‘It's quite clear to us that having tried to steal the first presidential count by rorting (rigging) the count itself, Mr Mugabe is now trying to steal the second presidential run off by a campaign of violence, intimidation and fear.’

Australia has imposed financial sanctions and travel bans on members of the Zimbabwe government regime, suspended non-humanitarian aid, banned arms sales and halted defence and ministerial links.

Smith said Australia would consider expanding the sanctions if Mugabe won the June 27 vote. ‘But what is required here is not just Australia contemplating acting by itself, it's regional and multilateral action,’ he said. ‘So far as the regional action is concerned, that primary responsibility has to be sheeted home to the southern African community states and the African Union.’
Posted by: Steve White || 06/18/2008 00:00 || Comments || Link || [7 views] Top|| File under:

#1  ...if Mugabe wins

If? Short of Bob's timely demise, that's a pretty safe bet...
Posted by: PBMcL || 06/18/2008 1:41 Comments || Top||

#2  ‘I think it is true to say that the international community has been somewhat disappointed by the lack of robustness on the part of the president and the South African government,’ Smith said.

Disappointed yes. Surprised, NO!
Posted by: Besoeker || 06/18/2008 21:05 Comments || Top||


Senior United Nations Official Meets Zim Bob
United Nations officials say U.N. Special Envoy Haile Menkerios has held talks with Zimbabwean President Robert Mugabe amid international concern over widespread violence and intimidation of opposition supporters ahead of next's week runoff presidential election. The visit by United Nations Special Envoy Haile Menkerios comes amidst a rapidly deteriorating economic, social and political crisis in Zimbabwe including widespread violence in which some 60 opposition leaders have been killed, and dozens arrested.

Independent humanitarian organizations also report that hundreds of opposition supporters have been severely wounded and that punitive attacks perpetrated by ruling party youth and security forces have left some 25,000 people displaced.

Opposition Movement for Democratic Change Secretary General Tendai Biti is currently in jail with the police saying he will be charged with treason. Party leader Morgan Tsvangirai has been arrested and released without charge five times.

Humanitarian workers say that there have been very few cases of retaliatory violence on the part of opposition supporters. But Mr. Mugabe says he holds the opposition responsible for the deteriorating situation and that he intends to make them pay. 'We are going to accuse the [MDC] party and the party leadership of being vicariously liable and responsible for those crimes of violence, because there is now a pattern visible across the country and that has to stop,' he said.
Posted by: Fred || 06/18/2008 00:00 || Comments || Link || [3 views] Top|| File under:

#1  What was the luncheon menu?
Posted by: Nimble Spemble || 06/18/2008 7:14 Comments || Top||

#2  He just came for the payoff.
Posted by: Spot || 06/18/2008 8:02 Comments || Top||


Caribbean-Latin America
Columbian warlord pleads guilty to drug smuggling
in NY court
Posted by: lotp || 06/18/2008 00:00 || Comments || Link || [4 views] Top|| File under:


Cuba to abandon wage equality
Posted by: lotp || 06/18/2008 00:00 || Comments || Link || [1 views] Top|| File under:

#1  HMMMMM, LATIN-ZONE versus CARIBBEAN-ZONE versus SAMBA-ZONE versus.........@etc. OWG FREE TRADE = SPEC ECON ZONE.

The CUBA CENTRE + SPACEPORT??? CASTRO CITY???
Posted by: JosephMendiola || 06/18/2008 0:40 Comments || Top||

#2  Some are more equal than others... and deserve to be paid for it! AND four legs = good, two legs = better.
Posted by: Scooter McGruder || 06/18/2008 2:31 Comments || Top||

#3  Just as a huge chunk of the US population seems poised to implement it.
Posted by: no mo uro || 06/18/2008 5:42 Comments || Top||

#4  Wow, All people are not the same in fact everyone is different with everyone having different productivity.

Who would have known?
Posted by: Bright Pebbles || 06/18/2008 6:10 Comments || Top||

#5  Horrors! This could lead to the dreaded Gap Between the Rich and Poor!
Posted by: Elmavirong Johnson3058 || 06/18/2008 7:58 Comments || Top||

#6  Clearly an Obamanian antithesis. These people are doomed! Doomed I tell you!
Posted by: Besoeker || 06/18/2008 8:02 Comments || Top||

#7  As long as they pretend to pay us we pretend to work.
Posted by: Abu Uluque || 06/18/2008 12:20 Comments || Top||


China-Japan-Koreas
Japan appoints first space development minister: officials
Japan on Tuesday appointed its first ever minister of space development after the pacifist nation scrapped a decades-old ban on the use of space programmes for defence. Prime Minister Yasuo Fukuda picked Fumio Kishida, the science policy minister, to take on the additional role, government officials said.

The appointment was in line with last month's passing of a new law allowing the use of outer space for defence, breaking a decades-old taboo amid increasing concern about military threats in the region. 'I feel a serious responsibility as expectations for space development are quite high,' Kishida told a news conference.

While Japan has no current plans for a new defence project in space, the new law aims to remove any legal obstacles to building more advanced spy satellites and to help innovation in the country's space industry.

The government plans to introduce various space policies under the leadership of Kishida, Chief Cabinet Secretary Nobutaka Machimura said.

Proponents of the legislation argue that it is necessary as Japan has fallen behind other nations in space technology, particularly as China moves to capture space business in Asia, Africa and Latin America. But critics, including the opposition Japanese Communist Party, had argued that it could lead to a stronger military.

Tokyo has stepped up military research after North Korea stunned the world in 1998 by firing a missile over the Japanese mainland into the Pacific. Japan has also expanded its space programme and is now conducting the world's most extensive mission to the moon in decades.
Posted by: 3dc || 06/18/2008 01:42 || Comments || Link || [2 views] Top|| File under:

#1  D *** NG IT, WE DEMAND MONSTER X = KING GHIDIRA BE FOUND SO THAT HE CAN ATTACK AND DESTROY EARTH IN RIGHTEOUS THREE-HEADED INDIGNATION!

ION C2CAM > seems CHINA has just dev its own UFO Saucer.
Posted by: JosephMendiola || 06/18/2008 2:21 Comments || Top||

#2  Ultra Man and the Science Patrol could not be reached for comment.

Mike
Posted by: Mike Kozlowski || 06/18/2008 9:16 Comments || Top||

#3  "My first directive? All expendable staff will wear the red tunics"
Posted by: Frank G || 06/18/2008 9:44 Comments || Top||


Europe
Small Wars Journal: France's Livre Blanc
France's Livre Blanc was finally released today (French version here and here, parts 1&2, both .pdf), and the only real shock is seeing in print what's basically trickled out in leaks and declarations over the past few months. It's a very well-written document, coherently argued and convincingly articulated. As expected, counterterrorism and the integration of defense with homeland security play a prominent role, with an emphasis on developing intelligence capacity, both human and satellite-based, in the context of a newly added Anticipation component. There's also a significant reduction of the French armed forces, from a total of 271,000 to 225,000 by 2015 (Army 131k, Navy 44k, Air Force 50k), mainly from the administrative back office, but which will necessitate politically unpopular base closings.
Meat at the link
Posted by: 3dc || 06/18/2008 02:37 || Comments || Link || [2 views] Top|| File under:

#1  Livre Blanc translates to 'whitepaper'.

Although, I first read it as, Libre Blanc, which was an interesting title for a paper on terrorism.
Posted by: phil_b || 06/18/2008 4:02 Comments || Top||


Home Front: Politix
Hillary wasn't lying about Snipers Video Evidence
Click link
Posted by: Bright Pebbles || 06/18/2008 16:47 || Comments || Link || [0 views] Top|| File under:


Dupe entry: Gore’s personal electricity consumption up 10%,

Energy Guzzled by Al Gore’s Home in Past Year Could Power 232 U.S. Homes for a Month

Gore’s personal electricity consumption up 10%, despite “energy-efficient” home renovations

NASHVILLE - In the year since Al Gore took steps to make his home more energy-efficient, the former Vice President’s home energy use surged more than 10%, according to the Tennessee Center for Policy Research.

“A man’s commitment to his beliefs is best measured by what he does behind the closed doors of his own home,” said Drew Johnson, President of the Tennessee Center for Policy Research. “Al Gore is a hypocrite and a fraud when it comes to his commitment to the environment, judging by his home energy consumption.”

In the past year, Gore’s home burned through 213,210 kilowatt-hours (kWh) of electricity, enough to power 232 average American households for a month.

In February 2007, An Inconvenient Truth, a film based on a climate change speech developed by Gore, won an Academy Award for best documentary feature. The next day, the Tennessee Center for Policy Research uncovered that Gore’s Nashville home guzzled 20 times more electricity than the average American household.

After the Tennessee Center for Policy Research exposed Gore’s massive home energy use, the former Vice President scurried to make his home more energy-efficient. Despite adding solar panels, installing a geothermal system, replacing existing light bulbs with more efficient models, and overhauling the home’s windows and ductwork, Gore now consumes more electricity than before the “green” overhaul.

Since taking steps to make his home more environmentally-friendly last June, Gore devours an average of 17,768 kWh per month –1,638 kWh more energy per month than before the renovations – at a cost of $16,533. By comparison, the average American household consumes 11,040 kWh in an entire year, according to the Energy Information Administration.

In the wake of becoming the most well-known global warming alarmist, Gore won an Oscar, a Grammy and the Nobel Peace Prize. In addition, Gore saw his personal wealth increase by an estimated $100 million thanks largely to speaking fees and investments related to global warming hysteria.

“Actions speak louder than words, and Gore’s actions prove that he views climate change not as a serious problem, but as a money-making opportunity,” Johnson said. “Gore is exploiting the public’s concern about the environment to line his pockets and enhance his profile.”

The Tennessee Center for Policy Research, a Nashville-based free market think tank and watchdog organization, obtained information about Gore’s home energy use through a public records request to the Nashville Electric Service.
Posted by: GolfBravoUSMC || 06/18/2008 14:19 || Comments || Link || [3 views] Top|| File under:

#1  That's nothing. His personal food consumption was up 50% in the last year.
Posted by: Woozle Elmeter 2700 || 06/18/2008 19:32 Comments || Top||

#2  that's true. Several truckers disappeared near Gore Manor, never to be found, and he's been frequenting British Columbia.....


/just saying
Posted by: Frank G || 06/18/2008 19:41 Comments || Top||

#3  Apparently this new & improved Al Gore now includes 10% more pure hypocrisy.
Posted by: AzCat || 06/18/2008 20:21 Comments || Top||


Score tied: EADS 1, BOEING 1 USAF is in penalty box
WASHINGTON — Congressional investigators have granted Boeing's protest of a $35 billion Air Force tanker contract awarded to Northrop Grumman Corp. and Airbus parent European Aeronautic Defense and Space Co.

The Government Accountability Office decision is not binding, but it puts pressure on the Air Force to re-examine the contract and could help Boeing capture part or all of the award. The was confirmed by the offices of Sens. Patty Murray, D-Wash., and Pat Roberts, R-Kan.

The decision also gives ammunition to Boeing supporters in Congress seeking to block funding for the deal or force a new competition.

The contract for 179 aerial refueling tankers is the first of three deals worth up to $100 billion to replace the Air Force's entire tanker fleet.

Posted by: USN, Ret. || 06/18/2008 13:55 || Comments || Link || [3 views] Top|| File under:

#1  A couple key GAO findings:

The Air Force did not assess the relative merits of the tanker proposals in accordance with the criteria it established.

The Air Force conducted "misleading and unequal discussions" with Boeing by informing Boeing that it had fully satisfied a key performance objective, but later determined that Boeing had only partially met this objective.

The record did not indicate, as the Air Force claimed, that the Northrop tanker could refuel all current Air Force fixed-wing aircraft.

They screwed around with cost estimates, too.
Posted by: lotp || 06/18/2008 18:27 Comments || Top||

#2  Full GAO report here
Posted by: lotp || 06/18/2008 18:32 Comments || Top||

#3  The Boeing product is still a lemon, regardless of what fruit Northrop put up.
Posted by: Nimble Spemble || 06/18/2008 19:32 Comments || Top||

#4  Yeah, I hear the point you're raisin' NS, but USAF doesn't get to cherry pick among requirements once the source solicitation has been released.
Posted by: lotp || 06/18/2008 20:07 Comments || Top||

#5  Thing is the Boeing jet is older airframe design, older tech, shorter ranged, and lower capacity, and need to be foreward based.

And Boeing cannot supply as many aircraft as quickly as EADS/Northrop.

All disqualifiers conpared to the EADS/Northrop offering.

The USAF screwed thign sup, but its pretty obviosu that other than idiotic jingoism, this will be yet another delay and may saddle the USAF wiuth an inferior aircraft that will have strategic consequences (requiring forward basing, lower cargo lift capacity, slower rollout and delivery).

Fore EADS to sub out parts of it for a political fig leaf. But award it and get on with production of the better aircraft.
Posted by: OldSpook || 06/18/2008 20:47 Comments || Top||


Obama's Plans for Your New Taxes
He's in Michigan to kick off the second week of a tour focused on the economy, and this week he plans to outline his 'plans to make America more competitive for the 21st century’s global economy,' Obama's campaign says.

In a speech at Kettering University in Flint, Obama laid out 'his comprehensive national competitiveness agenda, including his plans to improve our education system, achieve energy security, encourage innovation, rebuild our infrastructure, and pursue smart trade policies so that we create the jobs of the future here in America,' the campaign statement continued.

'There are some who believe that we must try to turn back the clock on this new world; that the only chance to maintain our living standards is to build a fortress around America; to stop trading with other countries, shut down immigration, and rely on old industries. I disagree,' Obama said. 'Not only is it impossible to turn back the tide of globalization, but efforts to do so can make us worse off.'
He's keeps picking on the Kos Kiddies like that and they won't vote for him ...
He said the election presents a clear choice. 'Instead of reaching for new horizons, George Bush has put us in a hole, and John McCain’s policies will keep us there. I want to take us in a new and better direction. I reject the belief that we should either shrink from the challenge of globalization, or fall back on the same tired and failed approaches of the last eight years. It’s time for new policies that create the jobs and opportunities of the future– a competitiveness agenda built upon education and energy, innovation and infrastructure, fair trade and reform.'
And somebody else's money.
On education, that agenda includes improving early childhood programs, funding No Child Left Behind, paying teachers more, and creating a tax credit for the first $4,000 of college tuition, in return for public service sort of mercenary students. On energy, his plan includes investing in alternative fuels and creating 5 million new green jobs by investing $150 billion over 10 years to advance the next generation of biofuels, renewable energy, and low-emissions coal plants. On research, Obama says he will double federal funding for basic research, make the Research and Development tax credit permanent, and make available next-generation broadband Internet access to every American community.
Whoa, BABY!
Most every American community has internet service already.
On transportation, he proposes a National Infrastructure Reinvestment Bank to expand and enhance federal transportation investments. And on trade, Obama pledge to increase enforcement of deals, and to update copyright and patent systems.
Every time Congress 'updates' copyrights the terms get longer and longer ...
Blair Latoff, a Republican National Committee spokeswoman, responded: “Obama’s proposals for raising taxes and limiting free trade will make America less competitive and will not create new jobs or promote prosperity. Whether it is smacking job-producing small businesses with a massive tax hike, or voting to raise taxes on Americans making as little as $32,000, Barack Obama’s ideas always end with hardworking people picking up the tab.”
Posted by: Bobby || 06/18/2008 07:01 || Comments || Link || [4 views] Top|| File under:

#1  On transportation, he proposes a National Infrastructure Reinvestment Bank

Lovely! A government bank, established for the purpose of 'reinvestment.' Didn't FDR start something like that which he called Social Security? How is the Social Security 'bank' doing these days Senator Obama? Any comments on that topic?
Posted by: Besoeker || 06/18/2008 7:36 Comments || Top||

#2  The Social Security Lockbox is still securely locked. Not a thin dime actually makes it in there.
Posted by: eLarson || 06/18/2008 7:38 Comments || Top||

#3  eLarson - I remember a comedian on Saturday Night Live who did an AlGore impersonation of his Social Security 'lockbox' concept back in 2000. As I read your comment, I could hear that comedian's (and Uncle Al's) droning voice saying it.
Posted by: Mullah Richard || 06/18/2008 9:08 Comments || Top||

#4  y investing $150 billion over 10 years

Investing? Where is he planning on getting $150 billion to "invest" with? What stocks and bonds is he buying for investments?

Ok - so he's lying. He means increase taxes to get $150 billion and SPEND it in government funding of his leftist supporters in the universities to do research, much of which is of dubious value.
Posted by: OldSpook || 06/18/2008 10:12 Comments || Top||

#5  According to Al Gore's speech Obama is also gonna guarentee we all get fresh, healthy tomatos on our BLTs.
Posted by: Deacon Blues || 06/18/2008 11:01 Comments || Top||

#6  Obviously there's still a few jobs left to give away to china and india.

You go boy!!!
Posted by: bigjim-ky || 06/18/2008 11:57 Comments || Top||

#7  It appears he's from the government and is here to help...
Posted by: tu3031 || 06/18/2008 11:58 Comments || Top||

#8  creating a tax credit for the first $4,000 of college tuition, in return for public service

Oh be still my beating heart!!!
That would finance almost half of one semester of my in state tuition at UK (books and board not included). And all I have to do is pick up trash on the freeway or scrape pigeon shit from the bridge girders of the overpass? Wow! what a sweet deal for me.
Posted by: bigjim-ky || 06/18/2008 12:01 Comments || Top||

#9  Big Jim, you could always become a "Community Organizer" in Chicago. Apparently it's a pretty easy job, and few accomplishments (like actual achievements or goals met) are required
Posted by: Frank G || 06/18/2008 12:30 Comments || Top||

#10  Obviously there's still a few jobs left to give away to china and india.

Won't have to worry about outsourcing when his immigration plan lets all those third world types into the country. Hell, you'll have to go to India to find yourself a little open space. In this respect, he's not much different from McCain.
Posted by: Abu Uluque || 06/18/2008 12:31 Comments || Top||

#11  I've been trying to track his accomplishments and it's a vapor trail. Nothing there to track.
Posted by: Deacon Blues || 06/18/2008 16:24 Comments || Top||


McCain wants to lift ban on offshore drilling
  • McCain wants states to be able to decide about exploring offshore drilling
  • Current law bans drilling in most of the United States' coastal waters
  • McCain would consider incentives for states that allow coastal exploration
  • Obama calls McCain's stance 'short-term political posturing'
  • Posted by: Fred || 06/18/2008 00:00 || Comments || Link || [3 views] Top|| File under:

    #1  Me too. And if the Ruskies can develop the Arctic shelf...
    Posted by: McZoid || 06/18/2008 1:06 Comments || Top||

    #2  OTOH RENSE > WHEN MCCAIN DROPS OUT [health].
    Posted by: JosephMendiola || 06/18/2008 2:23 Comments || Top||

    #3  The real war on terror.
    Posted by: g(r)omgoru || 06/18/2008 6:26 Comments || Top||

    #4  McCain would consider incentives for states that allow coastal exploration

    The 'incentives' are already there. If you get a oil or gas royalty check from BP, Shell or any producer, you'll see that Uncle Sam also taxes production at the wellhead.
    Posted by: Besoeker || 06/18/2008 7:31 Comments || Top||

    #5  W will call for the same today, apparently, so all the pressure at the pump will bear down on the Congressional Donks. Chickens coming home to roost, baaaaby
    Posted by: Frank G || 06/18/2008 9:32 Comments || Top||

    #6  That is the one reason I give myself to rationalize voting for McCain. Unlike Obama, McCain seems "trainable" to recognize reality.

    And although I do not like it (screws with the market economics of production), I will not fuss that much for them piggybacking an excise tax for the states on new oil production, and a requirement for some portion of the profits to be reinvested exclusively for energy R&D by the energy companies (fuel cells, hydrogen economy distribution issues, nukes).

    Just exploring and threatening production is enough to put a brake on the price increase rate.

    People playing the markets with margins on futures will pull back hard, since the "guarantee" of continued conditions of "weak dollar, strong demand, short supply" will no longer be so certain. The first movers advantage will start an avalanche of exits for the bulls, and shorts will do their job to punish the ones who stay in too long.

    If the Dems (and McCain) actually understood the markets, they'd not be talking as stupidly as they are.
    Posted by: OldSpook || 06/18/2008 9:50 Comments || Top||

    #7  The Dems and enviros who oppose exploratio nand production now say "Drilling now will not change the price in the near toerm".

    Well, sorry, yes it will.

    It changes the probabilities from very favorable to less favorable for continued high rates of price increase in petroleum, thus increasing the risk in long or bull positions. This will get some people out of the oil futures market and into other commodities or sectors.

    If you can add to this some measures to strengthen the dollar (which are rumored to be coming fromthe Fed), plus Saudi increased output (and Iraqi output as well), then its enough to tell the smart money to get out. And departing a market is a forst movers advantage - the ones that exit first will make the most profit - those exiting last will be holding the bag as prices drop due to slack futures demands and fewer buyers for futures. This will cause the futures to drop, and that in turn will cause a whole chain of events that will likely push oil down by as much as $40 or so a barrel (below $100) in a span of a few months.

    Its market capitalism. Too bad the Dems and Obama are so fricken blind to these basics of how our economy works, and believe that their enviro-socialist diktats can overrule reality and the laws of supply and demand.


    And aside from all that - even if there is no short term impact, there certainly will be a LONG TERM impact. Arent the Dems and Obamessiah supposed to be "for the children" (i.e. for the future and long term vision)? Isn't acting NOW to ensure a decent cost, US based petroleum supply good for the country in the future a good act in the long term?

    Then why are you voting against the LONG TERM interests of the nation?
    Posted by: OldSpook || 06/18/2008 9:57 Comments || Top||

    #8  Aren't the Dems and Obamessiah supposed to be "for the children" (i.e. for the future and long term vision)? Isn't acting NOW to ensure a decent cost, US based petroleum supply good for the country in the future a good act in the long term?

    You are assuming that the dhimocrats can think beyond the short term power gain for themselves.
    Or that they want to improve your life.

    Mostly I think they just want to improve their power over your life at your expense.
    Posted by: DarthVader || 06/18/2008 10:03 Comments || Top||

    #9  Darth, thats what I was calling them out on - shows their true colors as power-mongers in the pockets of the enviros and other collectivists.
    Posted by: OldSpook || 06/18/2008 10:23 Comments || Top||

    #10  The Democrats and envoros know full well the basics of how the economy works. They are using it to keep the peasantry on the plantation so that they can enjoy their private-jet-set lifestyle.

    They are looking to the future - just not _your_ (or america's) future but theirs.

    Just look at Al Gore.
    Posted by: CrazyFool || 06/18/2008 10:39 Comments || Top||

    #11  This is what I would consider a medium range plan - as I understand it takes years to get these things up and running, nevermind the preliminary paperwork and subsequent attainment of production capacity.
    Posted by: swksvolFF || 06/18/2008 10:51 Comments || Top||

    #12  OS is right, IMHO. The mere promise to open drilling and refinery production domestically (as pushed by W this AM) will drive prices down as speculators don't want to get caught with overpriced futures
    Posted by: Frank G || 06/18/2008 11:04 Comments || Top||

    #13  Democrats oppose this idea because they are afraid someone might make a buck out of all this, and that would be bad. Nevermind the fact that they are all filthy rich too and undoubtedly heavily steeped in energy investments at this time.
    Posted by: bigjim-ky || 06/18/2008 12:27 Comments || Top||

    #14  This says it all. If not now then WHEN?



    (mods, if you can, try to put this local so I'm not being evil by hotlinking IBD).
    Posted by: OldSpook || 06/18/2008 13:33 Comments || Top||

    #15  If we were really fighting this war we would have invaded and occupied "Saudi" oil fields years ago.
    Posted by: Excalibur || 06/18/2008 15:18 Comments || Top||

    #16 
    this month's cover of wired mag
    Posted by: 3dc || 06/18/2008 16:11 Comments || Top||

    #17  Increased drilling is already happening. Just in Ohio oil and natural gas sales topped over US$ 1 billion in 2007, partially on an ongoing increase in the number of wells drilled. link
    Posted by: trailing wife || 06/18/2008 16:56 Comments || Top||


    Home Front Economy
    Royal Bank of Scotland issues global stock and credit crash alert
    The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks. 'A very nasty period is soon to be upon us - be prepared,' said Bob Janjuah, the bank's credit strategist.

    A report by the bank's research team warns that the S&P 500 index of Wall Street equities is likely to fall by more than 300 points to around 1050 by September as 'all the chickens come home to roost' from the excesses of the global boom, with contagion spreading across Europe and emerging markets. Such a slide on world bourses would amount to one of the worst bear markets over the last century.

    RBS said the iTraxx index of high-grade corporate bonds could soar to 130/150 while the 'Crossover' index of lower grade corporate bonds could reach 650/700 in a renewed bout of panic on the debt markets.

    'I do not think I can be much blunter. If you have to be in credit, focus on quality, short durations, non-cyclical defensive names.

    'Cash is the key safe haven. This is about not losing your money, and not losing your job,' said Mr Janjuah, who became a City star after his grim warnings last year about the credit crisis proved all too accurate.

    RBS expects Wall Street to rally a little further into early July before short-lived momentum from America's fiscal boost begins to fizzle out, and the delayed effects of the oil spike inflict their damage. 'Globalisation was always going to risk putting G7 bankers into a dangerous corner at some point. We have got to that point,' he said.

    US Federal Reserve and the European Central Bank both face a Hobson's choice as workers start to lose their jobs in earnest and lenders cut off credit.

    The authorities cannot respond with easy money because oil and food costs continue to push headline inflation to levels that are unsettling the markets. 'The ugly spoiler is that we may need to see much lower global growth in order to get lower inflation,' he said. 'The Fed is in panic mode. The massive credibility chasms down which the Fed and maybe even the ECB will plummet when they fail to hike rates in the face of higher inflation will combine to give us a big sell-off in risky assets,' he said.

    Kit Jukes, RBS's head of debt markets, said Europe would not be immune. 'Economic weakness is spreading and the latest data on consumer demand and confidence are dire. The ECB is hell-bent on raising rates. 'The political fall-out could be substantial as finance ministers from the weaker economies rail at the ECB. Wider spreads between the German Bunds and peripheral markets seem assured,' he said.

    Ultimately, the bank expects the oil price spike to subside as the more powerful force of debt deflation takes hold next year.
    Posted by: Anonymoose || 06/18/2008 09:10 || Comments || Link || [3 views] Top|| File under:

    #1  Buy gold!!!!!!!

    /oh dear.
    Posted by: trailing wife || 06/18/2008 10:04 Comments || Top||

    #2  Gold has all the real value of lead, except it's prettier.
    Posted by: Anonymoose || 06/18/2008 10:17 Comments || Top||

    #3  The Royal Bank of Scotland is one of those firms that are into everything, but you never hear about them. They are a HUGE, extremely well-run, low-key outfit. These guys own a good chunk of the Bank of China, too, and were the first to offer private banking in that country.

    When they speak, I listen.
    Posted by: Mullah Richard || 06/18/2008 10:18 Comments || Top||

    #4  if we are really shifting to an inflationary surge, gold definitely has a place as a hedge. Though im not sure to what degree the price already reflects that.
    Posted by: liberalhawk || 06/18/2008 12:20 Comments || Top||

    #5  Biflation/Stagdeflation you mean?

    Inflation in imports, deflation in debt bought items.
    Posted by: Bright Pebbles || 06/18/2008 12:47 Comments || Top||

    #6  At some point soon, social security starts to pay out more than it is taking in. At that point it must reach into its "trust fund" of IOUs from Congress for repayment of money that was spent long ago to finance budget deficits. Congress must pay or Social Security defaults. Where does Congress get the money?

    There is just one of the many scenarios that is facing us in the coming decade.
    Posted by: crosspatch || 06/18/2008 16:43 Comments || Top||

    #7  Even worse than SS is the almost completely unfunded Medicare liability. It runs to the tune on $30 trillion (yes that's a T). Even seizing the Middle East oil fields won't cover it. I think the funds flow already went negative last year. When most of us retire we're gonna have to do without government funded Vi@gra and just about everything else.
    Posted by: ed || 06/18/2008 17:13 Comments || Top||

    #8  Crosspatch: I suspect that what will happen is the economic equivalent to 9-11. The central banks will be pretty powerless to stop it. Credit will essentially cease to be at all levels.

    The government that will succeed will be the one that maintains a strong economic floor for the public. This was the one part of the Frank Roosevelt administration that is still regarded well, despite the utter crap policies that was the rest of his economic plan.

    Back then, the Republicans made the terrible mistake of advocating laissez-faire, which is NOT something to advocate when people are homeless and hungry. They will, and did, vote with their stomachs.

    Ironically, the lesson that the Democrats of today got out of it was wrong as well, that profligate spending is the way out of all economic problems. The trouble is, profligate spending is the very reason for this current situation.

    So the winner in the contest will keep people in homes and apartments and keep them fed. Their efforts to rebuild the economy have to start at this point.

    The next step that will *have* to be taken is to end credit, as such. This might be with the practice of balanced budgeting, if not an amendment, with slashing of the federal government to what can be supported with taxes.

    That would be about 50%. Most of it by eliminating direct payments to individuals and entitlements. That means semi-socialism for a while, with housing, food, and health care provided to the poor directly from the government.

    And once you are no longer poor, you are out of the system for good and pay your own way. Thus the end of socialism for good.
    Posted by: Anonymoose || 06/18/2008 17:26 Comments || Top||

    #9  And once you are no longer poor, you are out of the system for good and pay your own way. Thus the end of socialism for good.

    Yeah. That will mean "socialism by other means," a.k.a. theft/robbery by the same class of individuals you saw acting so admirably in Katrina's wake. Buy guns and ammo while they're still available. You may be VERY glad you did.
    Posted by: Thaimble Scourge of the Pixies4707 || 06/18/2008 18:34 Comments || Top||

    #10  And taxpayers are still paying for hotels and meals for Katrina ticks. The only way to get some people off the taxpayer's teat is to make it more painful than it would be to become self sufficient.
    Posted by: ed || 06/18/2008 18:38 Comments || Top||

    #11  The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.

    Yeah, I see a credit crunch when an adult shows up and demands a call on margin for the speculators on the oil market. It's going to be the delayed crunch the the Fed funded by trying to bail out the same people who played 'Monopoly' with real property in the housing market. When the call comes, a lot of those who've been the cause of this pain will be exposed. Hopefully this time a big chunk of the good o'boy network will go down hard.
    Posted by: Procopius2k || 06/18/2008 19:36 Comments || Top||



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    Wed 2008-06-18
      Talibs destroy bridges in preparation for Arghandab battle
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    Mon 2008-06-16
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