Crap and Trade.

There are only two ways to explain what Congress is doing. Either the members of Congress are:

1) Totally clueless as to what they are doing and have no idea of what the impact of actions will be, or

2) They know exactly what they are doing.

Now given the fact we know there are some truly stupid people in Congress it is hard to dismiss #1 and say that it is #2, but we also know there are many in Congress who don’t have the best interests of the country at heart and never will. Their sole interest is power and money which would lead one to say #2.

In either case we will once again have an opportunity to replace them in 2010, the question is of course can we do better than the usual voting for the lesser of two evils.

“Their sole interest is power and money which would lead one to say #2.”

What would make this different than those who would seek to promote the oil industry? Does it matter the difference of where the money goes? I just don’t understand the reluctance to become less dependent on oil and reduce man-made global climate change.

Or how about a real discussion instead of just resorting back to “1) Totally clueless as to what they are doing and have no idea of what the impact of actions will be”?

I don’t have to time to write anybody, I’m too busy cutting firewood for when they ban gas and coal.

Yeah I think we need to get up to speed about reversing legislation. From what I gather it is not so easy. Look at what happened with the CAFE standards and the disappearance of the family station wagon – swapped out for death trap minivans. If they implement this and it results in a massive increase in the cost of energy to consumers, winning back the Congress will be a small reward if the damage cannot be undone.

“This is all about raising taxes, and ensuring the peons do not use the gas meant for their private jets and limos.”

I’m all for wind powered jets and solar powered limos

Dan, you are dead on.

Kevin, glad we have some more common ground.

THE SKY IS FALLING

THE SKY IS FALLING

I don’t think the world hates us. I think it’s just you they hate.

SOCCER

After 26 min. USA leads Brazil 2 – 0!

USA got sloppy in the second half and lost
3 – 2.

Rep. Boehner (R-OH), House Minority Leader, read to the House parts of the 300 page AMENDMENT to the 1,201 page bill, which was filed at 3:09 AM (Thursday am prior to the 5 hour debate in the House before the vote) )in the hopes that representatives (and especially the American people) would not know what is in it.

Follow the link below to see the video of Rep Boehner reading and explaining parts of the amendment.

The amendment would require that when you are ready to sell your home it must be inspected to determine its energy efficiency. If it does not meet the federally mandated energy efficiency rating, you would have to have the house rehabilitated to reach tohose standards and inspected again.

Any guess as to how many thousands, or maybe tens of thousands, of dollars that might cost?

Would some or all of these and more need to be done to your home? Replacing windows and doors, new insulation in walls and ceilings, new energy efficient appliances, new A/C and heating systems, new roof, new wiring including an outlet for charging electric autos.

Check out the videos at this link. You will be blown away!

http://newsbusters.org/blogs/noel-sheppard/2009/06/27/boehn ers-amazing-dissection-cap-trade-bill

Forgot to mention three things:

I WILL be writing my Senators. If they feel puffed up by the number of letters they receive, they won’t be so puffed if they actually read them. If not, they’re delusional and will be thrown out come election day.

Kimberley Strassel wrote an interesting piece in the WSJ concerning how legislators in other countries are re-thinking this issue: http://online.wsj.com/article/SB124597505076157449.html

Let Freedom Ring put into action an idea I’m sure many of us have had (they’re targeting health care, but I’m going to clone these letters and send them to my Senators in relation to this issue as well): http://www.letfreedomringusa.com/pledge-to-read

I also plan to make copies of the letters I send to the Senators and send them to key reporters (and management personnel) for MSM outlets as well. It’s time these people stop pretending they don’t have a clue and start covering these topics responsibly. I saw a story recently about a guy out west who embezzled from work and his parents, deserted his family, sent a suicide note to his wife saying he was going to kill himself, and then set up shop in Texas to start his life anew. When the people he met out there found out several years later that he’d lived a lie all of that time and had deceived his family and his new friends, they looked the other way and didn’t publicize this guy’s deception for others in the community so that they would be warned and could protect themselves from future deception. That’s the kind of thing that’s happening today. People see the deception in the bills that are being put forth, but they are looking the other way and protecting the legislators who are putting us all at risk because what they want out of these bills is more important to them than how it will impact us all. This needs to stop.

Just like the Unions will get health care benefits that are not taxed, but the rest of us will pay taxes on our health care benefits….again, the powerful are taken care of, and the rest of us, who have no machine, well, sorry, we pay.

I have not exploited anyone, and our family business should not have to compete against General Mills–when the big corporations do not have to buy the energy permit and the little family shops do? This puts family business like our out of business. Why should I pay taxes on my health insurance payments when union members do not?

Broad brush accusations that there is a broad group of exploiters, but some of the biggest corporations are exempted, is simply crazy.

Something that all Virginians should read. If China decides to call the debt in, what is the government going to do…..raise taxes? The American people are in deep do-do and Washington is to blame. Republicans and Democrats. I would love to hear what they are planning for us.

*******************************************

Harder to buy US Treasuries
Created: 2009-12-18 0:13:35
Author:Zhou Xin and Jason Subler

IT is getting harder for governments to buy United States Treasuries because the US’s shrinking current-account gap is reducing supply of dollars overseas, a Chinese central bank official said yesterday.

The comments by Zhu Min, deputy governor of the People’s Bank of China, referred to the overall situation globally, not specifically to China, the biggest foreign holder of US government bonds.

Chinese officials generally are very careful about commenting on the dollar and Treasuries, given that so much of its US$2.3 trillion reserves are tied to their value, and markets always watch any such comments closely for signs of any shift in how it manages its assets.

China’s State Administration of Foreign Exchange reaffirmed this month that the dollar stands secure as the anchor of the currency reserves it manages, even as the country seeks to diversify its investments.

In a discussion on the global role of the dollar, Zhu told an academic audience that it was inevitable that the dollar would continue to fall in value because Washington continued to issue more Treasuries to finance its deficit spending.

He then addressed where demand for that debt would come from.

“The United States cannot force foreign governments to increase their holdings of Treasuries,” Zhu said, according to an audio recording of his remarks. “Double the holdings? It is definitely impossible.”

“The US current account deficit is falling as residents’ savings increase, so its trade turnover is falling, which means the US is supplying fewer dollars to the rest of the world,” he added. “The world does not have so much money to buy more US Treasuries.”

China continues to see its foreign exchange reserves grow, albeit at a slower pace than in past years, due to a large trade surplus and inflows of foreign investment. They stood at US$2.3 trillion at the end of September.

dans, I read an interesting discussion on a British blog about this subject, and one of the participants said those who are looking at our indebtedness to China should also look at how much the local governments there have borrowed back from us.

I haven’t done so, but they seemed to be of the opinion that it was significant.

On to something else: It seems as though Jim Webb took his contact page off the internet. I guess he is through dealing with the “common” people. My note to him would be…I thought you and Warner were suppose to represent the people of Virginia. That has not happened since you took office. Now, by the numbers, 49 percent of voters in Virginia oppose Obamacare, 39 percent favor it and 12 are undecided. You, Senator are not doing your job and you will find that out when you come up for reelection. Maybe you will decide not to run again….GOOD. Also good for Virginia.

To “Joe”
I have tried a hundred times to contact Jim Webb….even with your post of his e-mail address above,which does not work, without success. I even went so far as to ask Mark Warner to relay a message to him since both are of the same mind-set. Can’t understand why he refuses to deal with “us”. Do you get the message that he is in denial about the public not agreeing with him on the Democratic Party line? I can only hope that what I hear and see from most Americans, 2010 will be a wakeup call to every politican. That “we” have had enough and your job will be filled by someone that can do it the way it should have been done years ago.