Salt Lake City – Utah Gov. Gary R. Herbert has signed two bills authorizing the state to use eminent domain to seize some of the federal government’s most valuable land.
Supporters hope the bills, which the Republican governor signed Saturday, will trigger a flood of similar legislation throughout the West and, eventually, a Supreme Court battle that they hope to win — against long odds.
More than 60% of Utah is owned by the U.S. government, and policymakers complain that federal ownership hinders their ability to generate tax revenue and adequately fund public schools. Governments use eminent domain to take private property for public use.
March 31 (Bloomberg) — Kit Juckes, chief economist at ECU Group Plc, talks with Bloomberg’s Linzie Janis about the outlook for Ireland’s banks after the government set out plans to revive the country’s financial system.
Ireland is right behind Greece and Spain, and even though they have instituted an ‘Austerity Package’, it was on the ‘backend’ of a ever worsening economy.
“If doing the right thing is this bad, how difficult could it be elsewhere?”
Excuse me if I am skeptical about Obama’s motivations for changing his mind about drilling off shore. Making peace with the republicans isn’t on the list since this news was released a couple of days after Bahana comes back from a secret trip to the Middle East Afghanistan. How are your math skills? Wouldn’t we all like to know what is really going on with the shadow players…
(Reuters) – The Obama administration is expected to announce by Wednesday its updated plan for oil and natural gas drilling in U.S. waters, including whether to allow exploration for the first time along the U.S. East Coast.
The plan could pave the way for a significant new domestic source of energy, helping to reduce U.S. dependence on oil imports and boost supplies of natural gas used to displace coal in power plants as the country works to reduce emissions of climate-changing greenhouse gases.
Last month, Interior Secretary Ken Salazar said he wanted to release the updated drilling plan by the end of March.
Two industry sources said on Monday President Barack Obama was expected to give a speech about energy security on Wednesday, which could include his views on expansion of offshore drilling.
But Obama, who wants Congress to move a stalled climate change bill, has sought to reach out to Republicans by signaling he is open to allowing offshore drilling, providing coastlines are protected.
The U.S. Geological Survey estimates the U.S. Atlantic coast waters may hold 37 trillion cubic feet of gas and nearly 4 billion barrels of oil, while the Pacific Coast has 10.5 billion barrels of oil and 18 trillion cubic feet of gas.
To put that in context, the United States imports about 2 billion barrels of oil a year from OPEC nations and is expected to import 2.7 trillion cubic feet of natural gas from all sources this year, according to the Energy Department.
Obama on the campaign trail, 6.26.2008: “In Washington speak, what that means is that it polls well.”
And just for fun – ‘Inflate your tires instead of drilling’ and more mocking of republicans.
WASHINGTON (AP) – In a reversal of a long-standing ban on most offshore drilling, President Barack Obama is allowing oil drilling 50 miles off Virginia’s shorelines. At the same time, he is rejecting some new drilling sites that had been planned in Alaska.
Obama’s plan offers few concessions to environmentalists, who have been strident in their opposition to more oil platforms off the nation’s shores. Hinted at for months, the plan modifies a ban that for more than 20 years has limited drilling along coastal areas other than the Gulf of Mexico.
The new financial reform bill coming through has arbitrary rules about the Treasury Secretary deciding who is ‘too big to fail’ and then seizing the company, firing the management, and tell the shareholders to take a hike. Dick Morris explains it well, and the possible fallout for Republicans’ political donations because of it.
For those that don’t have time to listen to Michele’s hour long speech in Duluth, here is a short video where she appears stating that Obama now has control over 51% of the private economy, and the economic tyranny that we are facing.
Pay attention people; he who controls the purse-strings, controls the world; just ask Ben Bernanke and Timmie Geithner.
There could be so many different titles for this post but I think sticking with congressional hearings for all is proper, since the only people that know this bill isn’t a done deal are the dems. They are racing around trying to make everyone believe that Obamacare is the ‘law of the land’. It may be for a short period of time, but Obamacare as the law of the land for any length of time is a fantasy. Why else would Chuck Schumer be telling people that anybody that voted against it is going to lose in November? That statement goes well beyond anything anybody smokin’ crack and living in ‘my little pony’ world would ever think to say.
“I predict that by November those who voted for healthcare will find it an asset and those who voted against it will find it a liability,” Schumer said on NBC’s “Meet the Press.” – Chuck Schumer
The corporate damage rolls in, and Democrats are shocked!
It’s been a banner week for Democrats: ObamaCare passed Congress in its final form on Thursday night, and the returns are already rolling in. Yesterday AT&T announced that it will be forced to make a $1 billion writedown due solely to the health bill, in what has become a wave of such corporate losses.
This wholesale destruction of wealth and capital came with more than ample warning. Turning over every couch cushion to make their new entitlement look affordable under Beltway accounting rules, Democrats decided to raise taxes on companies that do the public service of offering prescription drug benefits to their retirees instead of dumping them into Medicare. We and others warned this would lead to AT&T-like results, but like so many other ObamaCare objections Democrats waved them off as self-serving or “political.”
Perhaps that explains why the Administration is now so touchy. Commerce Secretary Gary Locke took to the White House blog to write that while ObamaCare is great for business, “In the last few days, though, we have seen a couple of companies imply that reform will raise costs for them.” In a Thursday interview on CNBC, Mr. Locke said “for them to come out, I think is premature and irresponsible.”
Meanwhile, Henry Waxman and House Democrats announced yesterday that they will haul these companies in for an April 21 hearing because their judgment “appears to conflict with independent analyses, which show that the new law will expand coverage and bring down costs.”
In other words, shoot the messenger. Black-letter financial accounting rules require that corporations immediately restate their earnings to reflect the present value of their long-term health liabilities, including a higher tax burden. Should these companies have played chicken with the Securities and Exchange Commission to avoid this politically inconvenient reality? Democrats don’t like what their bill is doing in the real world, so they now want to intimidate CEOs into keeping quiet.
On top of AT&T’s $1 billion, the writedown wave so far includes Deere & Co., $150 million; Caterpillar, $100 million; AK Steel, $31 million; 3M, $90 million; and Valero Energy, up to $20 million. Verizon has also warned its employees about its new higher health-care costs, and there will be many more in the coming days and weeks.
Andrew Breitbart speaking at the Searchlight Tea Party on Saturday about the Democrat Party trying desperately to marginalize ‘the juggernaut’ of the tea parties and the $100 Grand he has offered for proof of our racism.
In fact, the current surge of anger — and the accompanying rise in right-wing extremism — predates the entire health care debate. The first signs were the shrieks of “traitor” and “off with his head” at Palin rallies as Obama’s election became more likely in October 2008. Those passions have spiraled ever since — from Gov. Rick Perry’s kowtowing to secessionists at a Tea Party rally in Texas to the gratuitous brandishing of assault weapons at Obama health care rallies last summer to “You lie!” piercing the president’s address to Congress last fall like an ominous shot.
If Obama’s first legislative priority had been immigration or financial reform or climate change, we would have seen the same trajectory. The conjunction of a black president and a female speaker of the House — topped off by a wise Latina on the Supreme Court and a powerful gay Congressional committee chairman — would sow fears of disenfranchisement among a dwindling and threatened minority in the country no matter what policies were in play. It’s not happenstance that Frank, Lewis and Cleaver — none of them major Democratic players in the health care push — received a major share of last weekend’s abuse. When you hear demonstrators chant the slogan “Take our country back!,” these are the people they want to take the country back from. (emphasis mine)
The only people that notice the color of a person’s skin, yet not the content of their character are the progressive liberal left.
Barack Obama, Nancy Pelosi, Sonja Sotomayor and Barney Frank have shamed us all of us in front of God and the world – not because of ‘what’ they are, but because of ‘what’ they believe.
Stay with this video because the visuals starting at 4:00 are background information that Americans need to understand the problem. Also, Stossel interviews Paul Ryan as the ‘Paul Revere’ on the tsunami of debt headed our way. Wait until you see the interest on the debt that is coming in Part 2.
Part 3, the Entitlement Game and Joel Kotkin, ‘America in 2050’: