Investor’s Business Daily is more or less the net version of Fox News. In other words they are in the business of disseminating deceit, fraud and not very entertaining fiction, and passing said hackery off as journalism. Fact checking sites like Factcheck.org have done a fairly good job, but even with an agenda that aims for the truth regardless of who looks bad as a result even they screw up once in a while. If a site that wouldn’t know a fact if it swim up their pants and whistled Dixie is doing the fact checking you know they are going to strangle reality, 5 Biggest Whoppers In Obama’s Energy Speech
Fact: While production is up under Obama, this has nothing to do with his policies, but is the result of permits and private industry efforts that began long before Obama occupied the White House.
Obama has chosen almost always to limit production. He canceled leases on federal lands in Utah, suspended them in Montana, delayed them in Colorado and Utah, and canceled lease sales off the Virginia coast.
His administration also has been slow-walking permits in the Gulf of Mexico, approving far fewer while stretching out review times, according to the Greater New Orleans Gulf Permit Index. The Energy Dept. says Gulf oil output will be down 17% by the end of 2013, compared with the start of 2011. Swift Energy President Bruce Vincent is right to say Obama has “done nothing but restrict access and delay permitting.”
So production is up – true – but look at this other bits of cherry picked doggerel. The FACT is that oil companies have leased plenty of land under which are petroleum deposits, but have chosen not to use the leases, Drilling dilemma: Oil industry leases untapped
The oil industry isn’t drilling on leases for millions of acres of land that could be producing energy.
Yet despite claims from several lawmakers, it doesn’t appear this is part of a nefarious plan to drive up gas prices or reap huge profits by companies like Exxon Mobil (XOM, Fortune 500), BP (BP), Chevron (CVX, Fortune 500) or Royal Dutch Shell (RDSA).
Experts say oil companies aren’t drilling on the land because it doesn’t make economic sense to do it.
During recent congressional hearings many Democrats cited a recent report from the Interior Department showing that over 70% of the offshore acres the industry has leased from the federal government are sitting idle.
Onshore, nearly 60%, or 22 million acres in total, aren’t producing any oil or gas.
They were responding to calls for more acres of the country to be opened up for oil and gas drilling.
“They have the drilling rights to an area of public land the size of Minnesota where they could and should be drilling,” Massachusetts Representative Ed Markey, a Democrat, said in a statement to CNNMoney. “But instead [they] are coming back and asking Congress to allow drill rigs off our beaches up and down the East Coast.”
When I was in high school we used to call people that told whoppers like IBD scumbags. Like Fox News, The Washington Times, The New York Post and hundreds of other conservative propaganda sites, have an agenda: say anything to demonize Democrats. If the 9th Commandment gets trashed in the process, well that is because the constant downpour of deception is the noble lie told in the greater cause of conservative goals. How great, noble or American could those goals be if you have to bury them under a flood of bullsh*t. More,
Fact: Obama constantly refers to this statistic to buttress his claim that “we can’t drill our way to lower gas prices.” The argument goes that since the U.S. supply is limited, it won’t ever make a difference to world prices.
It’s bogus. New exploration and drilling technologies have uncovered vast amounts of recoverable oil.
In fact, the U.S. has a mind-boggling 1.4 trillion barrels of oil, enough to “fuel the present needs in the U.S. for around 250 years,” according to the Institute for Energy Research. The problem is the government has put most of this supply off limits.
“Because of the investments we’ve made, the use of clean, renewable energy in this country has nearly doubled.”
The Institute for Energy Research is a right-wing conservative group whose front page is currently claiming not building the XL Pipeline is costing billions – PER DAY. That is at least debatable. Others have argued the pipeline would cost the economy millions in environmental degradation, pose a threat to underground freshwater aquifers that millions of Americans and livestock depend on, and would cost millions in healthcare costs. Even the 1.4 trillion barrels of oil is deceptive. They make it sound as though if enough wells were drilled we could get every last drop. While new technology has made previously impossible deposits easier to get to, for practical reasons – like moving entire cities and suburbs – we will never get the every drop of petroleum in the ground no matter who is president. Even Transcanada has admitted the Keystone will increase the price of gas. Big Gov’mint is always to blame, only when its not, Spill, Baby, Spill: House Transportation Bill Is Another Giveaway to Big Oil
We’re already running more drill rigs than the rest of the world combined. As of last Friday, there were 2,008 drill rigs operating in the U.S. and 1,862 rigs operating in the rest of the world, according to industry statistics. In 2010, total U.S. production (onshore and offshore) was the highest it has been since 2003. And the Obama administration’s latest five-year offshore leasing plan already makes more than 75% of recoverable offshore resources available for exploration and development. Clearly, the number of acres available to be drilled is not the problem.
And despite decades of effort, oil shale has never been shown to be economically viable. In addition, it would consume huge amounts of western water in the Colorado River basin that is already facing predictions of severe and prolonged drought and which is relied upon by more than 25 million people in the southwest.
Oil companies are letting the vast majority of their leases sit idle. A Department of Interior report released last year found that more than 70 percent of the tens of millions of offshore acres under lease are inactive, neither producing nor currently subject to approved or pending exploration or development plans. For onshore leases, 22 million out of a total of 38 million leased onshore acres sit idle. Instead of opening more of our protected lands and oceans to be drilled, companies should be forced to use the leases they already have, or lose them.
Since high school is over we don’t call serial liars like IBD and the Institute for Energy Research scumbags – though we could since conservatives have given license to the reality based community to call them anything we want. They are conservatives.
The media likes to play populist once in a while. The morning news programs in particular. They seem like nice people ( they make high 6 figure salaries and some have million dollar contracts yet they cringe at a 20 cent bump in prices) and they might even mean well. Still, the fact is that they run daily reports on gas prices that make it sound like all someone in Washington has to do is wave their magic wand and say the magic word, and here we have $2.00 a gallon gas, What Reporters Are Getting Wrong About Gas Prices
In addition to the New York Times, reporters at CNN, Politico, ABC News, and the Associated Press have served as a vehicle for politicians to link the pipeline to rising gas prices. And of course, Fox News is making the claim outright on an almost hourly basis now. Fox anchor Bill Hemmer said on Monday: “So long as gasoline is getting higher, that’s all the Republicans have to say is ‘Keystone.'” And that’s from the purportedly “straight news” side of the network.
But does this narrative have any merit?
Ray Perryman, the economist hired by TransCanada to assess the economic benefits of the pipeline, told me that his analysis — the methodology of which has been questioned — points to an impact of “around 3.5-4 cents per gallon of gasoline at current prices” once the pipeline “was fully implemented and flowing reasonably close to capacity.” Moody’s economist Chris Lafakis estimates that when balancing out the different regional impacts, “the pipeline would lower US gas prices by 1.6 cents per gallon.”
For comparison, the U.S. average gasoline price has increased nearly 30 cents in the past two months. Perryman, a supporter of the pipeline, added: “I should also point out that a modest change of this nature will often be swamped by the day-to-day factors that impact market prices.”
Analysts say gas prices are currently rising due to expectations of global economic growth, concerns about Iranian threats to disrupt oil supply and an influx of speculators.
Conservative Mitt Romney also drinks the konservative komrade kool-aid – Romney Falsely Claims Obama ‘Has Not Created Any New Jobs’. This is actually pretty clever. When Obama took office the economy had been hemorrhaging a million jobs a month. While obviously we’re not down to 4% unemployment, Obama and Democrats stopped the hemorrhaging – New CBO Report Finds Up to Two Million People Still Owe Their Jobs to the Recovery Act
A new Congressional Budget Office (CBO) report estimates that the American Recovery and Reinvestment Act (ARRA) increased the number of people employed by between 300,000 and 2 million jobs in December. In other words, between 300,000 and 2 million people employed in December owed their jobs to the Recovery Act. This estimate, by Congress’ non-partisan economic and budget analysts, is more comprehensive than the 200,000 jobs that ARRA recipients reported in January, CBO explains.
ARRA succeeded in its primary goal of protecting the economy during the worst of the recession. The CBO report finds that ARRA’s impact on jobs peaked in the third quarter of 2010, when up to 3.6 million people owed their jobs to the Recovery Act. Since then, the Act’s job impact has gradually declined as the economy recovers and certain provisions expire. More than 90 percent of ARRA funds were spent by December, according to CBO.
While the report focuses primarily on the fourth quarter of 2011, CBO also includes new projections of the Recovery Act’s jobs impact through 2012. It projects that in the current quarter (the first quarter of 2012), there are 200,000 to 1.5 million more people employed because of ARRA.
Remember that if Romney was president in 2009 he would have stopped the auto-company aid that saved GM, Chrysler and their associated suppliers over a million jobs. So a Romney would have been loyal to some pie in the sky fantasy about pure capitalism, yet tanked the economy.
The New York Times offered no response tonight to inquiries about a columnist’s jab at a symbol of the Mormon religion during last night’s debate.
Charles Blow, an opinion columnist, tweeted his outrage at Mitt Romney’s preference for two-parent families.
“Let me just tell you this Mitt ‘Muddle Mouth’: I’m a single parent and my kids are *amazing*! Stick that in your magic underwear,” he wrote.
Mormon men and women wear “temple garments” beneath their clothes as a reminder of their religious commitments, a rough equivalent of Jews’ yarmulkes or tzitzit.
It’s difficult to imagine a Times writer making a similar joke about a Jewish politician.
Mr. Blow is an opinion columnist. His opinions – controversial or not – are how he makes a living. “It’s difficult to imagine a Times writer….” what making a joke. One which that web site and Romney were very quick to use to their advantage, trotting out the old canard about the liberal press out to get them. Let’s have a little context of the overall tone of political differences, just in the last seven days Rush Limbaugh and Newt Gingrich – not as a joke – accused President Obama of supporting infanticide. E. J. Dionne’s most recent column – President Obama as an alien
They say that President Obama is a Muslim, but if he isn’t, he’s a secularist who is waging war on religion. On some days he’s a Nazi, but on most others he’s merely a socialist. His especially creative opponents see him as having a “Kenyan anti-colonial worldview,” while the less adventurous say that he’s an elitist who spent too much time in Cambridge, Hyde Park and other excessively academic precincts.
Whatever our president is, he is never allowed to be a garden-variety American who plays basketball and golf, has a remarkably old-fashioned family life and, in the manner we regularly recommend to our kids, got ahead by getting a good education.
Go to any of the popular conservative sites – especially the ones that have comments – Gateway Pundit, The Free Republic, Weasel Zippers, The Astute Bloggers, Newsbusters; there are thousands where you can find millions of comments accusing and name calling of which makes the magical underwear joke seem like the fantasy of political discourse. If that was the level of barbs the conservative movement usually leveled at their opponents I ‘d say they deserve a pat on the back for cleaning up their act. Instead we have the daily insane vitriol. Conservatives, mainstream conservatives, not some odd balls on the fringe of that movement, have fully embraced the politics of personal destruction. There does not seem to be much of anything off limits.
The story is about baby boomers, but it just as well be about Gen X, Y or millennials, America’s baby boomers entering a new era of ‘work til you drop’
Like 78 million other U.S. Baby Boomers, Symons and her husband had the misfortune of approaching retirement age at a time when stock market crashes diminished their 401(k) nest eggs, companies began eliminating defined benefit pensions in record numbers and previously unimagined technical advances all but eliminated entire job descriptions from travel agent to telephone operator.
At the same time, companies began moving other jobs overseas, to be filled by people willing to work for far less and still able to connect to the U.S. market in real time.
“The paradigm has truly shifted. Now when you’re looking for a job you’re competing in a world where the competition isn’t just the guy down the street, but the guy sitting in a cafe in Hong Kong or Mumbai,” says Bill Vick, a Dallas-based executive recruiter who started BoomersNextStep.com in an effort to help Baby Boomers who want to stay in the workforce.
They seem to think there is some competition between baby boomers and the generations that follow because of a technical skills gap. I have doubts about how far that goes. The article does speak to how a generation at 18 or just leaving college can look ahead and tell themselves everything will be OK, the skills I have will always be needed and the economy won’t affect ME. That inability to see clearly what will happen 20 or 30 years down the road is a compelling reason for every generation to preserve the social safety net. Conservatives would like – and to some degree succeeded in turning the U.S. into a dog-eat-dog economy. They’re sure, just as they were sure about deregulating banks and financial investment firms – that doing away with basic safety net programs like Medicare will save the economy. Gutting the safety net will set us on the path to the land of gold plated unicorns and markets that never collapse. When rational people talk about the economy they are talking about real life, real history and real consequences, conservatives are talking about what they believe in much the same way a member of a cult talks about what they believe. Ever tried to talk a cult member into being rational?
In September of 1848, Frederick Douglass wrote a letter to his former slave master Thomas Auld. You can read the whole letter at the link. Yes we have banned slavery and the civil rights movement has made remarkable progress, yet it is amazing how the remnants of some attitudes in the 1800s are still with us,
I will now bring this letter to a close, you shall hear from me again unless you let me hear from you. I intend to make use of you as a weapon with which to assail the system of slavery—as a means of concentrating public attention on the system, and deepening their horror of trafficking in the souls and bodies of men. I shall make use of you as a means of exposing the character of the American church and clergy—and as a means of bringing this guilty nation with yourself to repentance. In doing this I entertain no malice towards you personally. There is no roof under which you would be more safe than mine, and there is nothing in my house which you might need for your comfort, which I would not readily grant. Indeed, I should esteem it a privilege, to set you an example as to how mankind ought to treat each other.
I am your fellow man, but not your slave,