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As you can see I didn't have much to say yesterday (Sunday). The news either isn't news or is 'same old--same old.' We'll see what I can find today.
I noticed this Huffington Post item this morning. I can think of a couple of other governors who should also face recall efforts which I sincerely hope would be successful.
Then there is the on-going discussion of the rapidly rising oil prices focusing on the equally rapidly rising gasoline prices. This story, noting that the Obama Administration is considering opening the 'strategic reserves' to dampen the price hikes, is fairly typical. But I have a couple of nagging thoughts about the whole situation. I have also read experts opinions that we have plenty of oil and the price hikes are entirely out of alignment with the realities of the situation. Mostly the writers attribute the rise to fear and speculation. And the Saudi government has promised to make up any shortfall due to the Libyan situation. Given how often the 'experts' have been surprised lately over reports of oil inventories that are suddenly more than, or less than, what they had expected, I am not at all sure we should rely on the experts estimates on supply. Given other reports that the Saudis have over stated their reserves by a whopping amount (variable depending on the source of the story) and other experts questioning the ability of the Saudis to actually carry through with that promise, I am not at all sure we should rely on those promises either. So many of the statistics we hear are so massaged, surgically altered, or otherwise manipulated by which ever group wants to make its own point I really have a hard time making heads or tails of any given economic situation. Which brings me back to the matter of 'fear and speculation.' Isn't it a sad state of affairs when our economy is held hostage by the lily-livered and the greedy?
But then that last question is somewhat answered here by Michael Moore.
I am going to have to quit here--for some reason I can't get back onto my Google home page.
1 comment:
I like Michael Moore, he tells it like it is and he is right! In our own city of Colo. Springs, the city council said 'we have no money' 3 months later they bought land. If we have no money in the city chest, why did we buy land and where did that money come from. They lie, lie, lie and we pay, pay, pay :(
I agree with you, I am so ready for spring. We have a few snowflakes today and suppose to have snow tomorrow and the next day. The dogs are driving me nuts (lol)
take care
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