Category: Croynism

Obama Exempted BP From Impact Study — The Obama Administration’s Department of the Interior’s Minerals Management Service gave BP’s lease at DeepwaterHorizon a “categorical exclusion” from the National Environmental PolicyAct (NEPA) on April 6, 2009, The Washington Post has reported.

This meant they were exempted from a detailed environmental impact analysis because the powers-that-be concluded that amassive oil spill was unlikely at the site.

In a certainly coincidental matter, it has been revealed — not by the Post — that Obama was the largest recipient of BP’s campaign contributions in 2008.

Hat tip to FreeRepublic.Com

And at what point will President Bush be blamed?

Obama Exempted BP From Impact Study

Wall Street Gives Dingy Harry’s Leash A Tug — Senate Majority Leader Harry Reid (D-Nev.) was reportedly given a spanking by his masters at Goldman Sachs during a fundraiser in New York.

While the perception is that Wall Street is run by fat conservatives, the truth is that the strings are pulled by extreme social liberals who recognize that there are fortunes to be made working with government and, if done properly from their point of view, government policy can squelch  up-and-coming competition.

They expect to  always have their SUVs and top doctors and think it’s just fine that the rest of us make do with skateboards and overworked nurses.

So when Reid, who is behind in the polls in his re-election bid, tried to whip up some populist sympathy by blaming the nation’s economic problems on the banks and brokers he went a little too far and  had his leash tugged.

Expect Reid and the rest of the Dems to listen. Goldman executives are staunch Dem supporters and gave four times more money to Obama than  to John McCain.

So whatever bill that comes forth giving the government the power to run our banks, expect there to be a paragraph on page 973 or so that lets Goldman and the rest of the politically connected Wall Street Dems to make a bundle.

Wall Street Gives Dingy Harry’s Leash A Tug

Brazilian Oil Loan, George Soros And The Chinese — I recently received one of the emails circulating regarding the $2 billion U.S. loan made to the Brazilian state-controlled energy company Petrobras in August.

Sarah Palin harshly criticized the loan at the time which led to comments on Fox News and various blogs. 

The email quoting Glen Beck said the

• Chinese government is under contract to purchase all the oil that this  field will produce.
• That we gain nothing from it
• Obama contributor George Soros profited greatly from it.

The concerns and observations appear legitimate albeit defenders of the loan would take issue with the second point in that the money would be used to buy U.S. made equipment.

With regard to the first point, three months after the U.S. loan, Petrobas signed a $10 billion loan deal with the Chinese in which Petrobas “will increase its sale of crude to Unipec Asia,a unit of Chinese state oil company Sinopec, to 150,000 barrels per day(bpd) in the first year of the agreement and up to 200,000 bpd duringthe subsequent nine years.”

You know, you can use U.S.-made equipment to drill for oil in Alaska and off Florida and the Carolinas and California? Wonder if President Obama ever considered that?

Brazilian Oil Loan, George Soros And The Chinese

Steve Cordasco Rolling Stone Goldman Sachs — I heard  Steve Cordasco discussing on his Sunday morning show on WPHT 1210 AM articles by Matt Taibbi appearing in Rolling Stone magazine describing the disconcerting influence the bank holding company, Goldman Sachs Group Inc. has on our economy and our political system, including that — maybe especially  that — of the Obama administration..

One of the articles, Inside The Great American Bubble Machine, can be found here.

Steve Cordasco Rolling Stone Goldman Sachs