Obama's Lame Claim About McCain's Money

TYLER - The price of oil swelled to another record high Monday morning - before dropping back. It almost hit $140 a barrel - but then fell 25 cents. It appears - a recent increase in oil output from Saudi Arabia -- is not driving down crude prices. Former Speaker of the House, Newt Gingrich, who started a bipartisan group called "American Solutions for Winning the Future" held little back at the Texas Republican Convention. He wants to use American solutions to change to the U.S. energy policy.

Simply put - he's fed up with Congress: "The problem is not big oil or the foreigners," said Speaker Gingrich. "The problem is not the Saudis. The problem is getting Congress to do it's job." And that job, he says, is to start using the energy we have. "Congress outlaws every conceivable energy source," said Speaker Gingrich. Gingrich is making his case for domestic drilling by launching a campaign with Actor Chuck Norris, with the slogan: "Drill here, Drill now, Pay less." The campaign is urging Congress to do something now to bring down gas prices. Speaker Gingrich also has thoughts on speculators. "It's people who are betting the U.S. is too dumb to produce (its own oil)."


He sides with East Texas Congressman Louie Gohmert -- when it comes to speculators and drilling. "If you began selling off two million barrels a day...we can pump out of the Strategic Petroleum Reserve. It would immediately bring down the price of oil." Speaker Gingrich proposes selling off half of the reserve - now. "Do it suddenly..without telling anybody in advance and punish every speculator."The very speculators, he says, that are betting against America."

GO TO WWW.AMERICANSOLUTIONS.COM AND SIGN THE PETITION !!!

Readers, be informed, and beware! Sam Bodman, US Energy Secretary, is a Bush appointed Yes-man. Bodman states that insufficient production is making oil prices soar. Bush wants you to think that the OPEC countries are responsible for high oil prices, but the truth is, OPEC has been significantly increasing production over the past several months. Where is all that oil going? It's being stockpiled by US investment banks, who are creating a fake shortage to drive up the price. Congress has already started to investigate this criminal practice. Bush, who has deregulated the banking industry, tries to blame it on OPEC. By now you should be familiar with Bush's MO: he says you should be very afraid of Muslims.

Who you should really be afraid of are investment bankers at Merrill Lynch, Morgan Stanley and Lehman Brothers. Check this out:

Michael Masters of Master Capital Management (a global investment manager) testified before the Senate Committee on Homeland Security & Government Affairs a couple of weeks ago. Quotes from his testimony:

"Today, Index Speculators are pouring billions of dollars into the commodities futures markets, speculating that commodity prices will increase. In the popular press the explanation given for rising oil prices is the increased demand from China. According to the DOE, China's demand for petroleum has increased in the last five years from 1.88 billion barrels to 2.8 billion barrels, an increase of 920 billion barrels. Over the same five year period, Index Speculators' demand for petroleum futures has increased by 848 million barrels. THE INCREASE IN DEMAND FROM INDEX SPECULATORS IS ALMOST EQUAL TO THE INCREASE IN DEMAND FROM CHINA. Index Speculators have now stockpiled, via the futures market, the equivalent of 1.1 billion barrels of petroleum, effectively adding EIGHT TIMES as much oil to their own stockpile as the US Government has added to the Strategic Petroleum Reserve over the last five years."

"The Senate has asked the question "Are Institutional Investors contributing to food and energy price inflation?" And my unequivocal answer is "YES." In this testimony I will explain that investment banks are one of, if not the primary, factors affecting commodities prices today. Clearly, there are many factors that contribute to price determination in the commodities markets; I am here to expose a fast-growing yet virtually unnoticed factor, and one that presents a problem that can be expediently corrected through legislative policy action..."

The US Commodity Futures Trading Commission is ASLEEP AT THE WHEEL. They're supposed to be protecting us from these kinds of abuses, but Bush allowed loopholes in the CFTC regulations that you can drive a truck through. An oil truck, that is.

Links to Masters' Senate testimony, and 2 articles:
http://hsgac.senate.gov/public/_files/052008Masters.pdf
http://www.informationclearinghouse.info/article20011.htm
http://globalresearch.ca/

TYLER - The price of oil swelled to another record high Monday morning - before dropping back. It almost hit $140 a barrel - but then fell 25 cents. It appears - a recent increase in oil output from Saudi Arabia -- is not driving down crude prices. Former Speaker of the House, Newt Gingrich, who started a bipartisan group called "American Solutions for Winning the Future" held little back at the Texas Republican Convention. He wants to use American solutions to change to the U.S. energy policy.

Simply put - he's fed up with Congress: "The problem is not big oil or the foreigners," said Speaker Gingrich. "The problem is not the Saudis. The problem is getting Congress to do it's job." And that job, he says, is to start using the energy we have. "Congress outlaws every conceivable energy source," said Speaker Gingrich. Gingrich is making his case for domestic drilling by launching a campaign with Actor Chuck Norris, with the slogan: "Drill here, Drill now, Pay less." The campaign is urging Congress to do something now to bring down gas prices. Speaker Gingrich also has thoughts on speculators. "It's people who are betting the U.S. is too dumb to produce (its own oil)."


He sides with East Texas Congressman Louie Gohmert -- when it comes to speculators and drilling. "If you began selling off two million barrels a day...we can pump out of the Strategic Petroleum Reserve. It would immediately bring down the price of oil." Speaker Gingrich proposes selling off half of the reserve - now. "Do it suddenly..without telling anybody in advance and punish every speculator."The very speculators, he says, that are betting against America."

GO TO WWW.AMERICANSOLUTIONS.COM AND SIGN THE PETITION !!!

"And then on Thursday, Fast Eddie Obama had his finest hour. Barack Obama has worked on political reform more than any other issue. He aspires to be to political reform what Bono is to fighting disease in Africa. He???s spent much of his career talking about how much he believes in public financing. In January 2007, he told Larry King that the public-financing system works. In February 2007, he challenged Republicans to limit their spending and vowed to do so along with them if he were the nominee. In February 2008, he said he would aggressively pursue spending limits. He answered a Midwest Democracy Network questionnaire by reminding everyone that he has been a longtime advocate of the public-financing system.

But Thursday, at the first breath of political inconvenience, Fast Eddie Obama threw public financing under the truck. In so doing, he probably dealt a death-blow to the cause of campaign-finance reform. And the only thing that changed between Thursday and when he lauded the system is that Obama???s got more money now.

And Fast Eddie Obama didn???t just sell out the primary cause of his life. He did it with style. He did it with a video so risibly insincere that somewhere down in the shadow world, Lee Atwater is gaping and applauding. Obama blamed the (so far marginal) Republican 527s. He claimed that private donations are really public financing. He made a cut-throat political calculation seem like Mother Teresa???s final steps to sainthood.

The media and the activists won???t care (they were only interested in campaign-finance reform only when the Republicans had more money). Meanwhile, Obama???s money is forever. He???s got an army of small donors and a phalanx of big money bundlers, including, according to The Washington Post, Kenneth Griffin of the Citadel Investment Group; Kirk Wager, a Florida trial lawyer; James Crown, a director of General Dynamics; and Neil Bluhm, a hotel, office and casino developer.

I have to admit, I???m ambivalent watching all this. On the one hand, Obama did sell out the primary cause of his professional life, all for a tiny political advantage. If he???ll sell that out, what won???t he sell out? On the other hand, global affairs ain???t beanbag. If we???re going to have a president who is going to go toe to toe with the likes of Vladimir Putin, maybe it is better that he should have a ruthlessly opportunist Fast Eddie Obama lurking inside.

All I know for sure is that this guy is no liberal goo-goo. Republicans keep calling him naïve. But naïve is the last word I???d use to describe Barack Obama. He???s the most effectively political creature we???ve seen in decades. Even Bill Clinton wasn???t smart enough to succeed in politics by pretending to renounce politics."

Full article: http://www.nytimes.com/2008/06/20/opinion/20brooks.html?_r=2&ref=opinion&oref=slogin&oref=slogin

You don't lose your American citizenship if you live out of your country. Once an American always an American. so this person who is trying to say that Obama's mother was not really a legitimate American citizen because she lived in Hawaii at the time of his birth is wrong. Also Hawaii was a state in 1959. But what if it hadn't of been? His mother could have lived in Timbuktu and she would not have lost her citizenship and any children born to her would be considered Americans too. I am an American citizen who has lived in Europe for almost 20 years and I AM STILL AN AMERICAN CITIZEN AND CARRY AN AMERICAN PASSPORT AND GO FOR RENEWALS AT THE AMERICAN EMBASSY AND I CAN VOTE AND SO CAN MY SON WHO IS ALSO AN AMERICAN CITIZEN. AND WE ARE VOTING FOR OBAMA. So........

What's lame is that narrow focus on lobbyists and PACs, and not on how McCain has gamed the public financing system, first on it, then off it, then back on it and exceeds its limits, even borrowing against public financing! That's not even legal. Where???s your outrage that the FEC has no quorum and can???t monitor donations this campaign season? Add his shadow-funding set-ups, for who better to game the system than he who, backed by his lobbyist pals, set it up (from Huffpo April 21, 08)
The Wall Street Journal reports on the details of McCain's fund:
"McCain Victory 08" -
The new structure allows up to $70,000 in individual contributions by channeling the money into different McCain-centric funds. The first $2,300 of that would go to McCain's primary campaign. The Republican National Committee would receive $28,500 of the donation. The remaining funds would be divided equally, up to $10,000 a piece, among four states the campaign has designated as battlegrounds for November: Wisconsin, Minnesota, Colorado and New Mexico.

The non-partisan organization Public Campaign Action Fund has published an open letter to McCain asking that he drop the system: You and your campaign will describe

Excellent strategy even though it make Obama another politician, saying how important public financing is, then inventing a reason why he won't use it because he can blow McCain out of the election, if an election can be bought.

So each donor can go to the $2300 max between now and August, then do it all over again. That is something like over 300 million....twice! And McCain will have 84 million!

Obama couldn't win with the voters against McCain outspending her 3 to 1 or better. We will see if he can buy the Presidency outspending McCain something like 7 to 1.