The debate of a man who is 5-10 percentage points ahead and a man who has resorted to racist style politics didn’t end up too well for the man who is behind. While McCain again did fine in getting his points across, his points happen to all coincide with current failed policies and his own failed ideas.
The striking points of the debate included the following:
McCain tried to accuse Barack Obama of not talking softly and carrying a big stick because he’d said out loud that he take out Bin Laden even if he (Bin Laden) was in Pakistan.
Barack hit back in saying that yes, he’ll kill Bin Laden if he’s in our sights, but McCain was the unstable person singing about bombing Iran to the tune of a beach boys song…which was not very presidential. Furthermore, saying…”I’ll get him, I know how to get him…” isn’t a solution nor a plan.
The John McCain campain has spent the past few days trying to depict Barack Obama as some sort of terrorist. If John really thinks Obama is a terrorist, and John McCain puts “country first,” then how is it possible that he could go through an entire debate not warning the country that Obama the terrorist isn’t the main point of your campain to save us as citizens of the United States of America.
In a country that has nearly been brought to its ruin by lobbyist pushing to deregulate Wall Street, the guy (McCain) whose campaign is run by 60 lobbyists, just lost the election.
In 1989 the Exxon Corporation had one of it’s oil tankers wreck off of the coast of Alaska. Due to their negligence, they were convicted in a court of law of negligence and asked to pay $5 billion in punitive damages. After 20 years of appeals and reductions in the ruling, the Supreme Court, just a year into getting two new Bush appointees on the court, has reduced that ruling to $500 million.
Think about that for a moment. At the time of the ruling, the judge in question determined that a company needed to pay one full year’s worth of profit so that they would be incented to never again commit the crime of killing wildlife and forever polluting some of America’s most beautiful habitat due to being so grossly negligent as to put a drunk at the wheel of a boat carrying 1.3 million barrels of oil. Twenty years later, Exxon will now have the tremendous burden of paying out $500 million, or one day’s profit! Imagine, by litigating the Valdez disaster in court, Exxon is now paying 1/365th of what it was originally ordered to pay in terms of income (without regard to its victims and the opportunity cost of getting the money 20 years late)!!!
If Exxon would have been forced to pay this at the actual time the accident occured in 1989, the $500 million would today be worth over $1 Billion at a low 4% rate of return! In other words, they’re paying the actual fine with the interest earned just from getting to keep the money for 19 years.
Ironically, the past week has been a windfall of good news for Exxon in that they got the news that Iraq will grant them and several other Western oil companies (Shell, British Petroleum, Total) the rights to Iraqi Oil drilling that they have not had access to for 30 years. I’ve linked stories about Exxon wanting to go to Iraq to obtain oil contracts before, and in the words of George W. Bush, “Mission Accomplished.” What better time to obtain the rights to trillions of barrels of oil, than the same time you’ve inserted people into power who have created an instability in a region driving oil to over seven times higher than it was prior to Bush becoming president.
A few quick questions about the people who are taking our country down a path of no return:
How do Exxon and other Big Oil companies get away with so much polluting and influence in government. Simply put: bribery.
Who turns down 50,000 free copies of An Inconvenient Truth to teach students about global warming? the National Science Teachers of America – out of fear of losing their “donation”/bribe
Hillary Clinton latched on to John McCain’s gas tax holiday proposal in a last minute pander to get votes in her desperate attempt at a game changer in North Carolina. She’s gone as far to say that she doesn’t want to listen to the 99% of economists (that aren’t working for Shell Oil) who have said it is a dumb idea. When you increase demand for goods (by lowering the price), then those who are selling the good end up raising the price to profit from that increased demand, and thus, any suspension of the tax will be nullified by either the oil companies or retail gas station making up the difference. So, the taxpayer loses 9 Billion in funds to repair roads, the economy suffers from 300,000 lost construction worker jobs, the oil and gas retailers make more money, and the reliance on oil as a false commodity continues.
This latest strategy will backfire in the worst way for Hillary. North Carolina will be a big loss and Indiana will be a small win, if at all. Super delegates have been slowly moving to Obama for the past two months and despite CNN ignoring four new Supers going to Obama on May 5 (going 18 hours without reporting this fact, but “reporting” that a poll changed one percent in a day”), the trickle is about to become a flood due to Hillary threatening to go nuclear twice in one week…once on the democratic party and once threatening to annihilate Iran (which was strange to threaten to kill innocent women and children considering she’d scolded Barack for saying he’d attack Al Quaeda leaders in Pakistan).
McCain’s gas tax holiday plan and his numerous gaffes including letting it slip out that we’re in Iraq for Oil is about to be dealt with head on.
See the gas tax plan get debunked below:
Oh, and for the 100th time in the past 100 days…Wolf Blitzer “reports” that he thinks his “dream ticket” idea may be a possibility. This guy is either a complete moron, or his CNN handlers have kidnapped his kids and are forcing him to continue to push what everyone in the world knows will never happen. Congrats for hitting 100 Wolf!!