Video: Obama and Biden meet BP Execs

Yes he is going to have Joe with him for the 20 minutes he meets with BP execs, can’t you FEEL the FIERCE URGENCY of 60 days later….

mediaite: Insult to Injury? Obama Only Meeting With BP Execs For 20 Minutes http://mediaite.com/a/icfuc -GM

Watch the entire ST: TNG episode ‘Skin of Evil’ here

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June 16, 2010. Tags: , , , , , , . Obama Administration, Politics, Popular Culture, Sci Fi, Star Trek. Comments off.

WH plan: use Lame Duck Session to push cap and trade through conference cmte….

Update: Obama is trying to lure Scott Brown to his Cap and Trade agenda. Say No Scott! Say No!

Scott Brown to meet w/ Pres. Obama today on energy/climate legislation – http://is.gd/cRtKH

No. Just say NO to ANY and ALL job killing measures in this economy.

Politico:

EXCLUSIVE: Phil Schiliro, the White House congressional liaison, has told the Senate to aim to take up an energy bill the week of July 12, after the July 4 break (and after the scheduled final passage of Wall Street reform). Kagan confirmation will follow, ahead of the summer break, scheduled to begin Aug. 9.

The plan is to conference the new Senate bill with the already-passed House bill IN A LAME-DUCK SESSION AFTER THE ELECTION, so House members don’t have to take another tough vote ahead of midterms.

A White House aide has the official word: “President Obama reiterated his call for comprehensive energy and climate legislation to break our dependence on oil and fossil fuels. In the coming weeks he will be reaching out to Senators on both sides of the aisle to chart a path forward. A number of proposals have been put forward from Members on both sides of the aisle. We’re open to good ideas from all sources, and will be working with Senators on a comprehensive proposal. The tragedy in the Gulf underscores the need to move quickly, and the President is committed to finding the votes for comprehensive energy legislation this year.”

June 16, 2010. Tags: , , , , , . Economy, Obama Administration, Politics, Taxes, Unemployment Statistics, Wall St. Comments off.

Market Mover Wednesday: Housing Starts Plunge 10%, single family starts down 17.2%

Update: More good news, Fannie and Freddie are delisting from the NYSE. they will trade OTC now, and now they will be even more opaque were that possible.

But keep tilting at windmills Don Obama Quixote…God bless the gulf.

NOT unexpected for those of us who saw the ‘tax credit’ pulling demand forward. Government credits did not ‘create’ more demand they just pulled it forward …since we have a shadow inventory that could last for 2 years in this economy it is just as well they don’t build more houses, but we need something for the construction jobs…how about a WALL ON THE BORDER???

WSJ:

U.S. home construction plunged in May as builders remain cautious about sales prospects absent government support programs for the housing sector.

Housing starts dropped 10% the month after the government ended its tax-credit program for home buyers, to a seasonally adjusted annual rate of 593,000. Permits for new construction also declined, the Commerce Department said Wednesday. Single-family housing starts slid by 17.2% to an annual rate of 468,000, the lowest level in a year.

…Economists surveyed by Dow Jones Newswires had expected overall housing starts to drop 5.2% to a level of 637,000.

DOUBLED the ‘expectations’. BUY A CLUE economists.

June 16, 2010. Tags: , , , , , , , , , , . Finance, Housing, Obama Administration, Politics, Unemployment Statistics, Wall St. Comments off.

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