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    Karl Rove's Book of Lies

    "Efficient market theory dominated economic thinking from the days of Ronald Reagan to the collapse of 2008. It was the rationale for deregulation, the cause of a massive transfer of wealth and income from the middle class to a tiny number of the very rich. Now it is dead and gone but Republican politicians won’t let go, and many in the media show no understanding of the issue."
    Republicans Are Locked in a Passionate Embrace with a Corpse and Won't Let Go

    "Reconciliation is not being considered for [Senate] passing comprehensive health-care reform. Major health-care reform legislation passed the Senate without reconciliation on Christmas Eve ."
    The Role for Reconciliation

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    January 20, 2009
    $10,838,758,414,164.46
    Discretionary Spending @ 48.6%

    January 20, 2001
    $5,719,124,940,098.04
    January 20, 1993
    $4,192,107,025,882.17
    January 20, 1989
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    January 20, 1981
    $909,041,000.000.00

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  • Price Bloated 30% by Speculators
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Entries Tagged as 'Oil Industry'

Texas Oil Companies Still Insisting On More Government Welfare

March 9th, 2010 · No Comments · Oil Industry

These tactics by oil companies allow them to become triple dippers in the consumer hog trough.

[Read more →]

Tags: Corporate Taxes·Oil Industry·Taxpayer Extortion

Videos of the Day – Interesting Stuff

August 30th, 2009 · No Comments · Video of the Day

August 30, 2009
Four videos of great interest surfaced this week on CNBC, so I’ve decided to just post them for your enjoyment.

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[Read more →]

Tags: Debt Deficit and Budget·Oil Industry·Wall Street Reform

Oil Prices, The Economy And Health Care Reform

August 13th, 2009 · No Comments · Oil Industry

August 13, 2009
Why three completely different topics in this post? Because they’re all related to CNBC’s biased news reporting. Although CNBC’s biases always come out with glaring undeniability, I thought I’d include these three since they were the main topics this morning.

var addthis_brand = ‘CPS-News’;var addthis_language = ‘en’;var addthis_header_background = ‘#bfbfbf’;var addthis_header_color = ‘#df7401′;var addthis_options [...]

[Read more →]

Tags: Art Cashin·CNBC·Economy·Erin Burnett·Health Care Industry·Health Care Reform·James Cordier·Joe Kernen·Larry Cudlow·Michelle Caruso-Cabrera·Oil Industry·Oil Prices·Oil Speculators·Tommy Thompson

Oil Company Profits versus Bernie Madoff Profits

July 30th, 2009 · 1 Comment · Wall Street

Comparing the oil industry’s’ earnings drop to the same period last year is like saying Bernie Madoff’s profits fell to zero percent this quarter compared to last year.

[Read more →]

Tags: ConocoPhillips·Exxon·Oil Company Profits·Oil Industry·Oil Prices·Oil Speculators·Royal Dutch Shell

Oil Speculators Exposed — Again

July 13th, 2009 · No Comments · Wall Street

Eichberger did point out that as soon as Congress and the CFTC started looking at speculators and talking about reining them in, the prices started dropping. That coincided with the price of oil dropping over $10 per barrel over the past ten days or so. In other words, when the bank robbers hear of renewed efforts to stop them, they curtail their bank robbing — until no one is looking.

[Read more →]

Tags: Becky Quick·CFTC·John Eichberger·Kevin Book·Oil Industry·Oil Price Manipulation·Oil Prices·Oil Speculators·Wall Street

Random Thoughts on Other Notable Headlines of the Day — Issue XXXI

July 1st, 2009 · No Comments · Wall Street

So why did the price of crude go up significantly on Monday? For the same reason it always go up in the face of contradicting facts — greed — by the same folks that brought us the latest financial crisis.

[Read more →]

Tags: Bernie Madoff·Federal Reserve·Financial Crisis·General Electric·Greed & Corruption·Oil Industry·Oil Speculators·Robert J. Samuelson·Senator Daniel K. Inouye

Nouriel Roubini On Oil And Economy (Video)

June 23rd, 2009 · No Comments · Wall Street

Speculators are not interested in economic recovery. They are day-traders (scavengers) who are only interested in making money today.

[Read more →]

Tags: CNBC·Economy·Nouriel Roubini·Oil Industry·Oil Price Manipulation·Oil Prices·Oil Speculators·Video Interview·Videos

Oil — The Old Road Back To Riches (video)

June 19th, 2009 · No Comments · Wall Street

Along with many others, Joe Kernen took the same position on this scandal that he and thousands of others took with the Bernie Madoff and Alan Stanford scandal — denying it and ignoring it until the scandals were exposed.

[Read more →]

Tags: Alan Stanford·Bernie Madoff·Boris Schlossberg·Economy·Joe Kernen·Oil Industry·Oil Price Manipulation·Oil Prices·Oil Speculators·Scandal·Stephen Schork·Videos·Wall Street

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