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.
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.”
BP Oil Spill and Team Obama
Karl Rove discusses the Epic Fail of Obama during this crisis on Greta last night:
This is what is freaking out the Democrats:
Two record-low three-day job approval ratings in the past week helped Obama's weekly average tie the lowest of his presidency. Gallup reported a 44% approval rating last Thursday and again on Saturday. Prior to last week, the lowest three-day approval figure for Obama in Gallup Daily tracking had been 45%, a percentage that has now been reached seven times since the start of April.
Jake Tapper summarizes the many positions of Team Obama to date, none of which is getting the job done:
Market Update: Averages make a run on upbeat Fed forecast….
DOW up over 200 on FOMC forecast. D-E-N-I-A-L.
Intel reported kickass earnings (Intel gets 85% of their profit from overseas)..the banks earnings (outside Golden Slacks, which do not reflect the TOXIC ASSETS we heard oh so much about) are not worth the paper they are written on…
The FED (FOMC) meeting minutes were released along with their new economic outlook which has a higher call for GDP and a call for higher unemployment than previously forecast. MiM thinks they are off on both, even the inventory build everyone is expecting to push us to a positive GDP for the 3Q 09, is for MiM anyway in doubt..
Were I the manufacturer, producer, retail chain store inventory manager I would NOT build an inventory right now..ahead of the CONSTANT, ENDLESS ASSAULT on capital from, well the Capitol…
They are now proposing a WATER SURCHARGE on businesses that use a lot of water, to rebuild infrastructure…
Take your profits and bury them in the yard, sheeeet, maybe we will get a chance to spend those dilly dollars before the inevitable inflation bites us in the axx….assuming the Man doesn’t come take it first for the GREATER GOOD…frakkers..
I cannot think of a worse time to propose an individual mandate than when people are cutting back on FOOD out of necessity, NOW is not the time to tell them they MUST pay for insurance….
DOW up over 200 right now, on a serious tear people….Have I mentioned that TOTUS felt the need to make an appearance on tv to support the House Health Care bill (the one that is counter to everything he said in the primaries) just as Hill’s first big speech was starting, he sucked the air out of the room for her like he sucks the animal spirits out of the marketplace...have to go to MSNBC, ugh to get highlights of her speech which even they the He Man Woman Haters Club says was great, too bad none of us got to see it cause the publicity HOG was on …AGAIN…people are writing FREE HILLARY! pieces already….
We got ONE SENTENCE on Hillary’s speech from Reuters:
“Success in Afghanistan also requires close cooperation from neighboring Pakistan, which I will visit this fall,” she said in a speech at the Council of Foreign Relations think tank.
U.S. Secretary of State Hillary Clinton, who visits India later this week, said on Wednesday she will go to Pakistan in the fall.
GOLD back up over 940 BTW…
and PS TOTUS now considering BUYING peoples homes and letting them RENT them back, so Uncle Sam would own the house. But he wouldn’t do HOLC when it would have helped and attacked Hill for suggesting it (she proposed HOLC this in September 2008). some day’s the hypocrisy bothers me more than others…..
TIM BISHOP D-NY ARROGANCE ON CAP AND TRADE TAX
Tim Bishop defies angry constituents on CAP and TRADE. Silent No More. The constituents explained EXACTLY how this will hurt his district, he voted yes for this POS bill 4 days later and cancelled his July 4th townhalls….
Vodpod videos no longer available.
Courtesy of saveamerica1
Update: Monorail!!Iowahawk: The 2012 Pelosi GTx SS/RT Sport Edition…
Coast to Coast monorail thats the ticket!
BWAAAAAAHAAAA-FRAKKINHAAAAAA!!!
…”a brief reminder that I’ve been expecting this for some time. Video from December 2008, based on a November Iowahawk post. Worst part of having a prophesier’s curse: it doesn’t work on the lottery.:”
UPDATE 5: Video added; Marty Feldstein comes out of TOTUS meeting and not playing ball, says consumers hurt by cap and trade, hurts economy..OMG Geithner just told DeMint that it is Treasury attys view that they have a 700B revolving line of credit in TARP legislation!!! Geithner on the Hill…again…
Update 5: Vodpod videos no longer available.
Update 4: Marty Feldstein comes out of economic advisers meeting talking to Becky Quick LIVE now CNBC
NOT playing along, says hour was spent talking about cap n trade and he raised the concerns about consumer rising prices and costs to recovering economy, Feldstein is explaining to Americans that TOTUS Team is REALLY EXCITED about cap and trade and basically telling us to CALL OUR CONGRESS CRITTERS and VOICE OUR NO VOTES and OPPOSITION to cap and trade or it is coming!!!
I love that Feldstein wont be a pawn and is giving his HONEST OPINION, It is a hidden tax he says….CALL YOUR CRITTERS JUST SAY NO TO HIGHER ENERGY COSTS IN A DAMNED RECESSION!
FYI Markets were up nicely and are turning lower as Tim says they have revolving 700B of our money to use as they see fit while TOTUS Econ Adviser Team says cap and trade is coming but they say it is green jobs !
Update 3: SHxt, now they jumped to the Council of Economic Advisers talking after meeting with TOTUS, It os GE’s Immelt talking about how we need, wait for it..GREEN JOBS,…ZOMG!! Another nail in the economys coffin….gee wonder why GE is so interested in this and healthcare, evil bastids…
Update 2: Vittner following up saying Sen Gregg wrote to Treasury telling them this is contrary to Senate’s understanding of TARP law when it passed. Tim is pushing back says he wrote a letter back, (yesterday) and now saying I understand but our reading of the law is that we have this power…SHXT CNBC interrupted to go to SEC..frak!
OMG OMG OMG DeMint just got Tim to admit Treasury and Admin lawyers in reviewing TARP legislation believe they have ONGOING authority to CONTINUE to use 700B out of General Funds to do with as they see fit in the financial markets..OMG OMG OMG
DeMint said if it is paid back it goes back into General Funds right, that is taken from what you can use. Tim said Yes and NO It goes to General Funds but WE CAN STILL DRAW IT AND USE IT DeMint said permanently, Tim said not sure about permanently but our attorneys say on an ongoing basis..
OMG OMG OMG HOLY SHXT WTH DID THESE YAHOOS DO! NOW THE POLITICAL ARM OF TOTUS, TREASURY HAS A REVOLVING 700B LINE OR CREDIT FROM OUR GENERAL FUNDS!!!
Will get video up as soon as humanly possible…
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If you are a glutton for punishment like I am, lol, watch live on CNBC Stream here
He is testifying before Dodd, friend of Angelo’s Cmte….ugh…
Moderate in the Middle 