Wednesday, May 26, 2010

More Oil- 5/26/2010

The oil spill continues to dominate headlines, as it should, and after a full 37 days President Obama is not only going to answer questions about the oil spill, he is going to take time out of his vacation to visit the gulf coast! That’s right, he is going to stop fund raising and cracking jokes with the rich donors he loves so much in order to personally see the largest oil spill in American history. It is his Hurricane Katrina, like it or not. In fact, this oil spill may end up having a larger economic impact than Hurricane Katrina by the time it is all over. I just want to see if he blames Bush at his mini-presser tomorrow.

One reason President Obama may have been preoccupied is the alleged bribe that his Administration offered Joe Sestak to drop his campaign against Arlen Specter in Pennsylvania’s Democrat Senate primary. Of course, Sestak ended up beating the 80-year old Senator who still cannot decide which party he belongs to, but the fun has only begun for Sestak and the Obama administration. Eric Holder, the worst Attorney General of my lifetime, has declined to even investigate whether there was an improper offer made to Sestak during the primary campaign. Dick Morris claims this could amount to “high crime or misdemeaner” and lead to an impeachment trial, but I doubt it. I think it will just look like the Chicago style politics that Obama and Rahm Emmanuel are all too comfortable with. Is this the most inappropriate action this Administration has engaged in? We will probably never know, but trying to buy off a Senate candidate never looks good.

One more thing to mention is this little gem I came across: http://dailycaller.com/2010/05/26/will-california-be-our-greece/
In some ways, yes, California is exactly like Greece. Outrageous pension plans (that even go to convicted felons- http://cbs13.com/onthemoney/on.the.money.2.1714884.html). I agree with the columnist that California is worse than the Greece situation. We all know who is going to be footing the bill for California…everyone in the other 49 states.

That’s all for now. Thin post…but it looks like with another financial reform vote coming tomorrow, there will be a lot more to say on Thursday.

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