Keystone XL pipeline part 2

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Mitch McConnell says that the Keystone XL pipeline is designed to carry petroleum from Canada to the Gulf of Mexico. Good thing that BP is not involved, or that petroleum might wind up in the Gulf of Mexico, adding to the continuing damage to the environment caused by Deepwater Horizon. The Keystone petroleum is to be refined in Louisiana, and the refined product shipped abroad. No help to our energy problems.

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Gas prices

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Tonight on ABC World News, the reporter did the usual when gas prices rise; go to a gas station with high prices for the area and interview drivers who are spending big bucks to fill their tanks. No mention whatsoever of the speculators who are presently responsible for rapidly rising prices. No mention either of declining demand for gas to the extent that gas is being exported because the US supplies are greater than demand. When oh when will the corporate media give us the information we need to demand better from our government regulators and our lawmakers. I advocate that we break apart the oil companies as Teddy Roosevelt did with Standard Oil 101 years ago. That would be my long term solution. In the short term, I would ban the export of refined gasoline, and I would regulate or tax or both speculation in petroleum.

Please see  Strait of Hormuz | Strait of Hormuz part 3 | Strait of Hormuz part 2

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Corporate taxes

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Corporations don’t pay enough in Federal taxes. They paid 1/3 of Federal revenues in the 1950s and individuals paid 2/3. Over the years the corporate share has dropped to 1/10 and individuals now contribute 9/10 of Federal revenue. John McCain and Wolf Blitzer, just moments ago, claim that the US corporate tax rates are the highest in the world. Those are NOMINAL rates. In fact, the effective rates, the rates they actually pay in dollars and cents, is the second lowest in the industrialized world, only second behind Iceland according to the Center for Tax Justice. The revised corporate tax law proposed by Barack today is revenue neutral; it will neither raise nor lower total revenue.

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Meet the challenge

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In a time of endless troubles
When the nation is sunk in despair
Who will lend a steady hand
To the stalled ship of state?
Barack Obama has the confidence to try
Who will stand by his side?
Will it be you or I?
Some will respond, some not
When the troubles are history
When the economy is restored
When we enjoy freedom and democracy unfettered
Will you be able to proclaim?
I stood by Barack’s side
I met the challenge
I am proud of the part I played
I was a defender of the nation.

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Concede

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Since the GOP lacks viable candidates, I think that their best strategy would be to concede the election to the team of Obama/Biden. The GOP is a minority party and does best with a sparse voter turnout. One way to ensure a low turnout by independents and Democrats would be to concede the office of president. Then GOP candidates might do better in down-ticket contests.

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