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Pelosi says: Throw the Democrats Out!

Discussion in 'Uncategorized Threads' started by JBrooks, Jun 13, 2008.

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  1. JBrooks

    JBrooks TS Member

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    In April of 2006 when Republicans still controoled Congress, Nancy Pelosis, America's Evil Mother-in-law said the following:

    "With skyrocketing gas prices, it is clear that the American people can no longer afford the Republican Rubber Stamp Congress and its failure to stand up to Republican big oil and gas company cronies. Americans this week are paying $2.91 a gallon on average for regular gasoline – 33 cents higher than last month, and double the price than when President Bush first came to office.

    “With record gas prices, record CEO pay packages, and record oil company profits, Speaker Hastert and the Majority Congress continue to give the American people empty rhetoric rather than join Democrats who are working to lower gas prices now.

    “Democrats have a commonsense plan to help bring down skyrocketing gas prices by cracking down on price gouging, rolling back the billions of dollars in taxpayer subsidies, tax breaks and royalty relief given to big oil and gas companies, and increasing production of alternative fuels.”

    Well, the people voted in the Ds and yesterday I paid $4.55 for regular. Does $2.91 sound like the good old days yet?

    Democrats want to raise taxes, investigate and litigate.

    Republicans want to drill everywhere and build nuclear power plants.

    Which approach do you think would lower gas prices?
     
  2. dbcook

    dbcook TS Member

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    yes that sounds like the good old days. another question??? after hurricane,s katrina & rita,2 national disasters.why did the congress & the president let big oil companies gouge the american public. looks to me like those in control of congress could have done quite a bit to stop the gouging that went on then. dwain
     
  3. dbcook

    dbcook TS Member

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    where do the tree huggers & special interest groups get all there money to wield so much influence over politicians. are they all wealthy? dwain
     
  4. JBrooks

    JBrooks TS Member

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    Ah Gee dbc, let google be your friend. That way you wouldn't have to spread ignorance to your trapshooting buddies here on TS.com. Here you go, more enlightenment at the link. From the Houston Chronicle:

    "A more objective interpretation
    shows that the Hurricanes of 2005
    did result in increased gasoline prices,
    but not for the reasons proponents
    of price controls would like you to
    believe. Because of the location where
    these disasters occurred, the nation’s
    energy infrastructure was significantly
    damaged, which interrupted the
    delivery of energy supplies not only in
    the Gulf region, but also to other parts
    of the country. In response, gasoline
    prices rose to allocate the temporary
    reduction in available supplies.
    Higher gasoline prices resulted,
    stirring questions of whether refiners,
    distributors and retailers were possibly
    taking advantage of the situation. As
    such, the federal government sought
    to address these concerns. Following
    Hurricane Katrina, the Federal Trade
    Commission investigated allegations
    during the period of the supply
    interruption and found no evidence of
    widespread price gouging.
    In fact, over the last several decades,
    the U.S. Department of Energy and the
    FTC both have investigated numerous
    instances of regional price spikes.
    The conclusions have been the same:
    Gasoline price increases in every case
    were due to basic supply and demand
    economics and that price variances
    corresponded directly to changes in
    supply. In short, official investigations
    at every turn have shown that gasoline
    price increases were not caused by
    any manipulation of the markets as
    politically motivated individuals and
    groups have claimed."
     
  5. Tripod

    Tripod Well-Known Member

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    Iowa man!!
    some people would rather remain ignorant to the truth so they can continue to spew venom without feeling guilty about lying.
     
  6. dbcook

    dbcook TS Member

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    thanks mr. brooks. i would like to meet you at redlands one of these days. you always have interesting posts. thanks for the info.i will be the 1st to admit i am not the most well educated person in the world. i also was not trying to spread ignorance, just expressing my opinion. dwain
     
  7. JBrooks

    JBrooks TS Member

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    No problem dwain. Sometimes all of us are willing to repeat something we heard without stopping to really analyze or research it. Now days with the internet we can check out some of this stuff and I am often amazed at how wrong I am after I read up on some things. Ignorance can be corrected by getting the right information, but as Ron White says "Ya can't fix stupid".

    Knowledge is best weapon we have to fight against those who rely on the ignorance of the people to gain and keep power. Let's use it.
     
  8. highflyer

    highflyer TS Member

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    I now believe that the liberals deliberately want to destroy this country. There is no other explanation. They want to destroy the constitution, the family, the Christian religion, our schools, our military, capitalism, our courts, our language, our borders, on and on and on. It has to be deliberate. Maybe their plan is to tear down the country and rebuild a complete socialist system in it's place.
     
  9. GunDr

    GunDr Well-Known Member

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    OK, I'm not following this hurricane thing very well....

    How does raising the price of gas have anything to do with supply and demand.

    They (oil cos.) say the flow was interupted...but...I don't remember any gas station rationing gas OR running out, even here in northern MN. Hell, our gas is even cheaper than in the Twin cities.

    I know that there was gouging going on, just like the stations in the Chicago area, from an earlier post, and I would be willing to bet that those politians doing the investigations had their slimey palms grease a little more, to hide the "evil" evidence.

    I also know that the current rise in oil prices, are the results of the media hyping it up. Example..."summer will see the price of oil gong to $150 per bbl. Some "speculators" expect it to go to $200 by years end".

    Who the hell are these speculators...they're the same ones buying and selling. They're buying right now at $135, and "speculating" to get some fool to buy at $175.

    It's my understanding, maybe I'm wrong, that within the commodity market, when you make a purchase, a down-payment of sorts, must be paid at the same time....20-30% ?. Only the oil market does not require this. Anybody can bid on oil, make the purchase, no money down, sit on it for a few days, then dump it for a gain. How else could it be climbing so fast. No money is paid until after the deal is done (sold off to the next bastard)
     
  10. JBrooks

    JBrooks TS Member

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    Here is an excerpt from a really sharp Wall Street guy(Francis Cianfrocca,) about the speculation in crude oil. The rest is at the link, but he makes a very interesting observation. He basically says that the speculative investment money that was fueling the subprime mortage business has been shifted to oil futures causing the price runup.

    "Crude oil is a commodity that combines very large size (trillions of dollars per year) with excellent liquidity on futures markets, and is in demand.

    Global demand for crude oil is at least stable (it’s falling in the developed countries, but rising like a rocket in Asia and the Middle East). That puts a floor under the crude price in the near term.

    As a result, crude oil has taken on many of the characteristics of an asset class (the kind of thing that investors buy) in addition to an industrial commodity. And as an asset, oil is very attractive because it acts as a hedge against inflation.

    Why are investors buying an industrial commodity instead of the fixed-income securities they usually buy? Simple. Because there’s still a huge amount of sovereign money in the world (what Ben Bernanke calls the “savings glut”) and it tends to migrate into US Treasury debt. That raises the price and lowers the yield.

    Over the last five years, the low yields available to global investors were one of the factors that attracted them to invest heavily in the US mortgage market. Well, we know how that ended up. Today’s reality is that investors have largely shunned all but the safest debt, and are demanding relatively high yields for most corporate debt.

    That means that there is a supply shortage in the market for investment securities. That’s one of the reasons that investors (aka “speculators”) are piling into crude oil. Broad uncertainty over the direction of the global economy is another reason. And momentum is yet another. (Whenever something is going up in price, it will tend to keep going up because everyone tends to follow the herd.)"
     
  11. stokinpls

    stokinpls Well-Known Member

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    After Katrina, oil "spiked" at 70 dollars a barrel. We haven't had a hurricane since and what's the price of oil today, Pelosi?
     
  12. H82MIS

    H82MIS TS Member

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    Can’t Understand Normal Thinking,,,

    I think that sums up ms pelosi,,

    (first letter of each word)
     
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