Wall Street Journal keeps forgetting its new overlord, rips McCain again

[Craig234]

Originally posted by: Dari
This is not the CEOs' fault. They played the hands they were dealt, legally. Unfortunately, Congress gave them a beautiful hand to focus on short-term profit rather than long-term solvency. The regulators were merely doing the job that Congress assigned them. If you want to blame anyone, blame Congress and the President.

You get circular here, when the corporations get involved in the political system to pressure for the relaxing of rules that leads to problems.

Blame the corporations for pursuing short-sighted greed? They're incented to by the very definitions of their structures, the 'sociopathic pursuit of profit' as "The Corporation" shows.

Blame the leaders who are elected because they use the money from those interests? They're just doing what our political system rewards.

Blame the voters who let the election be dominated by the well-funded candidates and who don't demand reform?

It's a big problem with lots of finger pointing that can be done. I think the basics include getting the 'sociopathic corporations' out of the political system.

However, that's a tall order. When's the last time you heard much talk from the candidates or other MSM against the 'corporatist agenda'?

 

[Mani]

LIBERAL ME- er, wait...

 

[lupi]

Originally posted by: Darwin333

Originally posted by: Harvey

If they started drilling, today, you wouldn't see oil for 7 - 10 years, and it wouldn't change the price of your gas more than a couple of pennies when it did.

In the meantime it will create tons of high paying jobs in an economy that could desperately use them. Why NOT drill?

Not to mention the millions of other petroleum based products that will still need oil even after they need for gas is reduced.

 

[Mani]

Originally posted by: jman19

Originally posted by: JS80
I agree with McCain on this. Cox should have cracked down on manipulation a long time ago. Instead they did nothing about the short sellers and leverage, and forced these companies to do mark to market accounting. If you had to choose one person to hang, he would definitely be on the top of my list.

LOL, short selling didn't cause this mess.

Exactly. Short selling contributed to it, but so did a hell of a lot of other things. Short sellers are just easy targets to blame.

 

[StageLeft]

UK banned ALL short selling on financial stocks? LOL, terrible.

I call shens. Prove that with facts and credible links, or STFU!

It's pretty plain to see: Under Clinton gasoline was like $4 and now under Bush it's $1.25. Obviously, democratic administrations carry with them high oil prices.

Oh, hold on I think I had that reversed *blush*

 

[nageov3t]

in terms of republican shilling, priorities basically go:

9/11 > corporate interests = jesus > why do you hate america? > darth cheney > neocon foreign policy > presidential candidate

thus, supporting corporate interests trump supporting a presidential candidate by a wide margin.

 

[ericlp]

Originally posted by: loki8481
in terms of republican shilling, priorities basically go:

9/11 > corporate interests = jesus > why do you hate america? > darth cheney > neocon foreign policy > presidential candidate

thus, supporting corporate interests trump supporting a presidential candidate by a wide margin.

Uh, WTF are you mumbling about?

I guess I'm waiting for ProfJ's take to tell us how right McIdiot is and he's number 1....


This guy is just handing over the election to Obama, I was hoping a good fight but sheesh, this is just a disgrace.

 

[Stoneburner]

Originally posted by: Darwin333

Originally posted by: Stoneburner
http://online.wsj.com/article/...?mod=todays_us_opinion


They nailed McCain perfectly in general, not just on this issue of firing the SEC chief. He looks for "scapegoats" as opposed to problems. His campaign has been a themeless, ad hoc, sequence of scapegoating, lying, and other political exigencies. Just a bumblefuck of a campaign... there is nothing beyond winning for McCain.

Wait a minute.

By all reasonable logic this election should have been signed sealed and delivered to the Dems before it even started. Yet they are in pretty much a dead heat.

If they are basically tied in a race that wasn't supposed (nor shouldn't) have been a contest AND the Republicans are running a "bumblefuck of a campaign" WTF would you call the Democrats campaign?

What makes you think this is a close race? Maybe you just know nothing?

I agree though, it's too bad McCain didn't just give up and instead decided to run the most dishonest and bumbling campaign ever.

 

[AllWhacked]

Originally posted by: Darwin333

Originally posted by: Harvey

If they started drilling, today, you wouldn't see oil for 7 - 10 years, and it wouldn't change the price of your gas more than a couple of pennies when it did.

In the meantime it will create tons of high paying jobs in an economy that could desperately use them. Why NOT drill?

Darwin is right in that regard. Also, if we had allowed drilling 8 years ago (like say in ANWR), we wouldn't be in this mess--plus we wouldn't have to worry about Chavez threatening to cut the flow and cause prices to go up higher. Also, in eight to ten years time Mexico's oil fields are going to run dry. [1] We currently import about 1.6 million barrels of oil from Mexico and Mexico is the second largest source of oil imports, just behind Canada (w/ 1.8 million). So rather than wait for the pending disaster and hope that we can resolve this through hope and change, lets start the oil drilling process immediately. If we start drilling off California for example, oil can be pumped immediately as we already have wells there. Also, California can start getting some oil revenue to pay off the huge debt the state Democrats caused after the Dot.com boom and now the housing crisis.

The congressional Democrats keeping trying to keep the people ignorant by saying that drilling isn't going to save us and then make the leap in logic that we shouldn't even bother. I haven't heard anyone say on the other side that drilling is the solution. We all know that we need to invest in all forms of energy production, but what do you do in the mean time? Pay high gas prices, watch as prices for foods and goods continue to rise? If the Democrats claim they care for the poor and middle-class then they should know that I pay more in gas a year than I would save in tax cuts. The Dems are duplicitous bastards and Pelosi needs to be replaced. If Cindy Sheehan wasn't a nut, I would vote for her over Pelosi. If this is what I should expect for the next 4 years, then I truly hope the Democrats lose seats this year. At least we could have counted on the Republican greed to bail us out of this mess.

 

[Throckmorton]

Whacked, it's established that there is very little oil in ANWR. It just makes a nice political talking point. "Drill baby drill"

 

[Excelsior]

Wait a minute.

By all reasonable logic this election should have been signed sealed and delivered to the Dems before it even started.

You clearly overestimate the intelligence of the average voter here in the USA. But since a large number of them are seriously mentally deficient, we get Bush elected a couple of times and a seemingly close race this time. Although, I am skeptical of polls in general.

 

[AllWhacked]

Originally posted by: Throckmorton
Whacked, it's established that there is very little oil in ANWR. It just makes a nice political talking point. "Drill baby drill"

Yes, I agree ANWR doesn't contain vast reserves like Saudi Arabia, but estimates say they could be pumping between 500K to 1.4M barrels a day--which is about what Venezuela sells us. And we know how stable Venezuela is.

I understand your skepticism, I am somewhat iffy on drilling in ANWR myself, but my overall concern is if we don't prepare for the future and simply hope that in 10 years new technology will fix this, then that's a dumb strategy.

What if we spend billions only to find we are another 20 years away from a solution and in the meanwhile, as the world industrializes and uses up more energy, we find out that we don't have enough for domestic consumption--even taking into consideration less usage by consumers, etc.

I'd rather we had the oil wells in place now then to have to same argument in 10 years when gas prices reach $10/gallon.