Tid bits from here and there.
Posted May 12, 2010on:
Just a few items you may want to know about.
- The U.S. Senate defeated an amendment to end the federal bailouts of Fannie Mae and Freddie Mac, with only two Democrats joining all 41 Republicans to support the measure. (Of course now that Fannie and Freddie are federalized we are assured of another US Postal Service and Amtrak. I just don’t care for the idea of my having to buy someone else a home! Just like I don’t like having to pay off someone’s credit card debt because they were too immature to control themselves but that is happening thanks to Obama and the Dems too. Or paying $8000 down payment on a home or a new car or towards people making improvements to their homes. When will it stop? BB)
- In the next three weeks, Congress is looking to enact more than $200 billion in new deficit spending.
- Proving why he is the perfect man for President Obama’s Debt Commission, records reveal that former SEIU President Andy Stern left the union with a failing pension system and over $84 million in debt. (Andy Stern has also taken over the running of the National People’s Action (NPA) which is Obama’s army of radical union members and thugs. You saw them storming Wall Street a couple weeks ago.
- You better believe that President Obama is Using Executive Powers To Organize Angry Anti-Capitalist Protests On The Streets Of America! BB)
- Sens. John Kerry (D-MA) and Joe Lieberman (I-CT) will introduce their new energy tax bill today, which will allow states to ban oil drilling within 75 miles off their coast, allow states to keep only 40% of energy development revenues, and force states to spend 13% of that revenue on environmental projects. (I wonder who or what gets the other 60%? The bill says the people, but there will be a whole slew of new agencies formed to “give” this money back. Don’t be expecting a check like Alaskans get any time soon because the state administers that program, in this one the federal government runs it thru its bureaucracy and then the states run it thru theirs before the consumer sees it.
- See also: Jeanne Cummings reports on a draft version of the Kerry-Lieberman energy bill: According to the summary of the bill, roughly two-thirds of the revenues generated by the new law would be passed back to consumers through energy bill discounts or direct rebates. The legislation would also provide assistance to businesses that are heavy energy users or trade sensitive.The vast majority of the revenue envisioned in the legislation would come through a variety of programs aimed at putting a price on carbon emissions. However, the draft version offered scant details about how those programs would work. For instance, to put a price on the carbon in exhaust emissions, the legislation is expected to set a cap on them and require transportation firms to buy permits for each ton of carbon emissions. But those details are not in the summary.
- AND: he agency that regulates (or was supposed to regulate) offshore oil drilling is being split in two, report Siobhan Hughes and Stephen Power: The Interior Department plans to announce Tuesday its intent to split the Minerals Management Service into two divisions, one focusing on gathering royalties from oil and gas companies and another focused on safety inspections. An Interior Department official confirmed the plan. Interior Secretary Ken Salazar will make an announcement at 1 p.m. EDT.