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Pelosi’s Bitter Words On Energy Are Catching Up With Her

Posted by On the Right on Friday, July 11, 2008 9:57:22 PM
see-dubya  •  July 9, 2008 04:14 AM [Michelle Malkin's Site]

Sure, San Fran Nan’s floundering around begging President Bush to release oil from the strategic oil reserve–anything but drilling any new wells, anywhere, I guess–but back in April 2006 she was blaming that darn Republican congress for these high prices

So coming up on eighteen months of a Democratic majority in both houses, how are we doing? Let’s take a look at those gas prices, using a little chart-making tool at Gasbuddy:

Lookee there. Did she say Congress is responsible for the price of gas? Well, if Fancy Nancy’s going to ladle on the sauce for the goose, let’s spoon a little on the gander.

She’s had eighteen months of Democratic control in both houses to accomplish whatever magic she thought she could pull off. And after eighteen months, the Dems in Congress certainly haven’t made gas prices any better, though at least they have made gas prices have less volatile and more consistent.

Consistently higher.*

_______________

* I’m not even saying that the Democrats get all the blame for high gas prices, though certainly their pigheadedness and footdragging contributes to them. But if Nancy Pelosi’s gotten comfortable over the past two years demagoguing the price of petrol and blaming it on Republicans, well, two can play at that game, can’t we?
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Fannie, Freddie, FUBAR: The Mother Of All Bailouts

Posted by On the Right on Friday, July 11, 2008 9:51:10 PM
Michelle Malkin  •  July 11, 2008 09:42 AM

Oh, triple-crikey. God save us from bipartisanship again. Washington is in a tizzy over the Fannie Mae/Freddie Mac financial crisis. The stocks plunged yesterday and a former Fed governor declared them “insolvent.” Keep an eye on the markets this morning for more freefall. Panicked Republicans and Democrats have joined clammy hands to declare their fealty to these behemoth government-sponsored enterprises because they are “too big to fail.” The Drudge headline and descriptions in the MSM of a “takeover” are misleading. The long-troubled, corrupt institutions are already federally chartered, exempt from normal securities regulations, and enjoy multi-billion-dollar lines of credit from the US Treasury. This won’t be a “takeover,” but a massive, ginormous, Mother of All Bailouts

This morning, McCain says “I don’t think that there is a requirement for a government bailout” while reiterating that Fannie/Freddie “must not fail.” Cognitive dissonance, desperate straddling, or totally out of touch with reality? Take your pick. Even the free-market WSJ supports a federal bailout. Agh.

I’ve long warned of the inexorable bailout frenzy in the wake of last year’s stimulus-palooza. The Fannie/Freddie rescue will make the Bear Stearns bailout look like chickenfeed.


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Straight Talk At Last From Gramm

Posted by On the Right on Friday, July 11, 2008 9:41:57 PM
Barack Obama is making hay out of McCain adviser Phil Gramm's unpolitic claim that 'we've sort of become a nation of whiners.' But Gramm is right that America's economic stature is underappreciated.

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Carrier Pigeons?

Posted by On the Right on Friday, July 11, 2008 9:38:19 PM
China has embarked on an ambitious anti-ship missile program designed to sink American carriers. Unfortunately, due to underspending on defense, we have an anti-ship program all our own.

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WE HAVE TO DRILL

Posted by On the Right on Friday, July 11, 2008 9:32:40 PM
"These politicians say, 'We're not going to drill offshore.' Offshore doesn't mean the little kiddies there on the beach with their little buckets building sandcastles and looking for seashells. That's not what offshore means. It's way offshore. Most of these derricks will not even be seen by families at the beach."
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This I Know

Posted by On the Right on Friday, July 11, 2008 9:31:35 PM
"Secondhand Smoke Is No Danger," Jerome Arnett, Jr., MD.
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Information

Posted by On the Right on Friday, July 11, 2008 9:18:40 PM
"Talking about his reversal on the war in Iraq, Obama said he'll call in his Joint Chiefs of Staff and tell them to end the war now. Do you know how ignorant that is? The Joint Chiefs of Staff advise the president, but they are not part of the command structure. They don't run the war."
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How About That?

Posted by On the Right on Friday, July 11, 2008 9:12:41 PM
How many U.S. jobs have been lost since the inception of the North American Free Trade Agreement?

Actually, nearly 25 million jobs have been gained. Nearly all economic studies say NAFTA's net effect on jobs was negligible.

 This chart shows the growth in total nonfarm employment in the U.S. since NAFTA's inception, as measured by the U.S. Bureau of Labor Statistics:


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All The Time

Posted by On the Right on Friday, July 11, 2008 9:05:32 PM
When Obama looks for the source of evil in the world, he finds the United States.
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Drill For Oil

Posted by On the Right on Friday, July 11, 2008 9:04:39 PM
"If Republicans cannot win with these gas prices -- while the Democrats have an inexperienced, arrogant, condescending, moron elitist who doesn't understand why anybody would object to continually rising gas prices, which is going to drive up the cost of everything -- then they are the latter half of dumb and dumber. This is a goldmine opportunity."
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Abandon Ship

Posted by On the Right on Friday, July 11, 2008 9:01:13 PM

Newsweek Poll: Obama drops like a rock

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Smooth Move

Posted by On the Right on Friday, July 11, 2008 8:59:10 PM

Chuck Schumer, bank killer

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Layoffs And Closings Help Explain Why Media See 'Depression' As Real

Posted by On the Right on Friday, July 11, 2008 6:23:34 PM
One of the hardest things for reporters to do is to distance themselves when they become part of a story. That's precisely the problem with journalists covering the U.S. economy.



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Belated Security

Posted by On the Right on Friday, July 11, 2008 6:19:49 PM
After keeping the homeland vulnerable for months, the Democratic Congress finally restored surveillance powers against terrorists. The supposedly "failed" Bush presidency wins big again.

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Plugging Up The Pipeline

Posted by On the Right on Friday, July 11, 2008 6:15:17 PM
Anyone who's not sure why gasoline prices are so high has the opportunity to see a real-time reason being played out in public as an environmental group sues over the expansion of a refinery.

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While the environmental groups will claim they are in no way responsible for rising gasoline prices, the fact is that, according to the National Center for Policy Analysis, almost 25% of the capital investment in refineries in the 1990s was used to comply with environmental regulations. In raw dollars, oil companies laid out more than $100 billion between 1992 and 2001 to bring their refineries into compliance with environmental rules.

Is the public supposed to believe these costs have had no impact on today's gasoline prices? Americans need to get wise to what their "protectors" are doing to them, supposedly on their behalf.


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