Friday, October 31, 2008

VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE

VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE VOTE

RESTORE THE U.S. CONSTITUTION RESTORE THE U.S. CONSTITUTION RESTORE THE U.S. CONSTITUTION RESTORE THE U.S. CONSTITUTION RESTORE THE U.S. CONSTITUTION RESTORE THE U.S. CONSTITUTION RESTORE THE U.S. CONSTITUTION RESTORE THE U.S. CONSTITUTION RESTORE THE U.S. CONSTITUTION RESTORE THE U.S. CONSTITUTION RESTORE THE U.S. CONSTITUTION RESTORE THE U.S. CONSTITUTION RESTORE THE U.S. CONSTITUTION RESTORE THE U.S. CONSTITUTION RESTORE THE U.S. CONSTITUTION RESTORE THE U.S. CONSTITUTION RESTORE THE U.S. CONSTITUTION

SUPPORT OUR TROOPS...BRING THEM HOME NOW SUPPORT OUR TROOPS...BRING THEM HOME NOW SUPPORT OUR TROOPS...BRING THEM HOME NOW SUPPORT OUR TROOPS...BRING THEM HOME NOW SUPPORT OUR TROOPS...BRING THEM HOME NOW SUPPORT OUR TROOPS...BRING THEM HOME NOW SUPPORT OUR TROOPS...BRING THEM HOME NOW SUPPORT OUR TROOPS...BRING THEM HOME NOW SUPPORT OUR TROOPS...BRING THEM HOME NOW SUPPORT OUR TROOPS...BRING THEM HOME NOW

ENSURE FREE & FAIR ELECTIONS ENSURE FREE & FAIR ELECTIONS ENSURE FREE & FAIR ELECTIONS ENSURE FREE & FAIR ELECTIONS ENSURE FREE & FAIR ELECTIONS ENSURE FREE & FAIR ELECTIONS ENSURE FREE & FAIR ELECTIONS ENSURE FREE & FAIR ELECTIONS ENSURE FREE & FAIR ELECTIONS ENSURE FREE & FAIR ELECTIONS ENSURE FREE & FAIR ELECTIONS ENSURE FREE & FAIR ELECTIONS

ROLL BACK THE BUSH TAX GIVEAWAYS TO THE TOP 2% ROLL BACK THE BUSH TAX GIVEAWAYS TO THE TOP 2% ROLL BACK THE BUSH TAX GIVEAWAYS TO THE TOP 2% ROLL BACK THE BUSH TAX GIVEAWAYS TO THE TOP 2% ROLL BACK THE BUSH TAX GIVEAWAYS TO THE TOP 2% ROLL BACK THE BUSH TAX GIVEAWAYS TO THE TOP 2% ROLL BACK THE BUSH TAX GIVEAWAYS TO THE TOP 2% ROLL BACK THE BUSH TAX GIVEAWAYS TO THE TOP 2% ROLL BACK THE BUSH TAX GIVEAWAYS TO THE TOP 2% ROLL BACK THE BUSH TAX GIVEAWAYS TO THE TOP 2% ROLL BACK THE BUSH TAX GIVEAWAYS TO THE TOP 2%

TAX BREAKS FOR THE WORKING MIDDLE-CLASS TAX BREAKS FOR THE WORKING MIDDLE-CLASS TAX BREAKS FOR THE WORKING MIDDLE-CLASS TAX BREAKS FOR THE WORKING MIDDLE-CLASS TAX BREAKS FOR THE WORKING MIDDLE-CLASS TAX BREAKS FOR THE WORKING MIDDLE-CLASS TAX BREAKS FOR THE WORKING MIDDLE-CLASS TAX BREAKS FOR THE WORKING MIDDLE-CLASS TAX BREAKS FOR THE WORKING MIDDLE-CLASS TAX BREAKS FOR THE WORKING MIDDLE-CLASS TAX BREAKS FOR THE WORKING MIDDLE-CLASS

RENEWABLES BABY RENEWABLES RENEWABLES BABY RENEWABLES RENEWABLES BABY RENEWABLES
RENEWABLES BABY RENEWABLES RENEWABLES BABY RENEWABLES RENEWABLES BABY RENEWABLES
RENEWABLES BABY RENEWABLES RENEWABLES BABY RENEWABLES RENEWABLES BABY RENEWABLES
RENEWABLES BABY RENEWABLES RENEWABLES BABY RENEWABLES RENEWABLES BABY RENEWABLES

HEALTHCARE FOR ALL HEALTHCARE FOR ALL HEALTHCARE FOR ALL HEALTHCARE FOR ALL HEALTHCARE FOR ALL HEALTHCARE FOR ALL HEALTHCARE FOR ALL HEALTHCARE FOR ALL HEALTHCARE FOR ALL HEALTHCARE FOR ALL HEALTHCARE FOR ALL HEALTHCARE FOR ALL HEALTHCARE FOR ALL HEALTHCARE FOR ALL

EDUCATION EDUCATION EDUCATION EDUCATION EDUCATION EDUCATION EDUCATION EDUCATION EDUCATION EDUCATION EDUCATION EDUCATION EDUCATION EDUCATION EDUCATION EDUCATION

VOTE DEMOCRATS VOTE DEMOCRATS VOTE DEMOCRATS VOTE DEMOCRATS VOTE DEMOCRATS VOTE DEMOCRATS VOTE DEMOCRATS VOTE DEMOCRATS VOTE DEMOCRATS VOTE DEMOCRATS VOTE DEMOCRATS VOTE DEMOCRATS VOTE DEMOCRATS VOTE DEMOCRATS VOTE DEMOCRATS VOTE DEMOCRATS VOTE DEMOCRATS VOTE DEMOCRATS VOTE DEMOCRATS VOTE DEMOCRATS VOTE DEMOCRATS VOTE DEMOCRATS

JOHN MCCAIN

http://www.youtube.com/watch?v=GEtZlR3zp4c

http://www.youtube.com/watch?v=Lh-T2iGkLJY&feature=channel

http://therealmccain.com/

http://bravenewfilms.org/blog/38133-mccain-s-spiritual-guide-wants-america-to-destroy-islam

http://bravenewfilms.org/blog/31567-john-mcbush-2008

http://bravenewfilms.org/blog/34701-why-won-t-mccain-support-our-vets

http://votevets.org/index_html

http://www.votesmart.org/issue_rating_category.php?category=66&go.x=2&go.y=12&can_id=53270&type=category

Thursday, October 30, 2008

OBAMA'S MESSAGE TO AMERICA

In case you didn't catch it Wednesday evening:

http://www.youtube.com/watch?v=GtREqAmLsoA

Wednesday, October 29, 2008

PALIN'S $40 BILLION NATURAL GAS PIPELINE MYTH

You can fool a good portion of the people a good portion of the time.

Simply by repeating a lie over and over again, and having the media simply look the other way and not ask the correct questions, a lie can fester into a perceived truth. Such is the myth of the Alaskan natural gas pipeline that Vice Presidential candidate and newly annointed "wack job," Sarah Palin, perpetuates during the closing days of the presidential campaign. And of course, poor John McCain bought it hook, line, and sinker.

Here are the simple facts, much of which is excerpted directly from the web site of TransCanada Corporation.


On August 1, 2008, TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) received the support of the Alaska Legislature to award it a license for the Alaska Pipeline Project under the Alaska Gasline Inducement Act (AGIA).

"The Legislature’s decision represents a significant milestone in advancing this major natural gas pipeline project to connect stranded U.S. natural gas reserves to Alaskan and Lower 48 consumers. We are pleased to receive this vote of confidence from the representatives of the people of Alaska," stated Hal Kvisle, TransCanada’s president and chief executive officer. "This ratification of our license under AGIA will facilitate TransCanada’s continuing commercial negotiations with potential shippers, improving the likelihood of a successful open season and the construction of a natural gas delivery system from Prudhoe Bay to Lower 48 markets."

TransCanada will now move forward with project development, which will include engineering, environmental reviews, aboriginal relations and commercial work to conclude an initial binding open season by July 2010. During this period, TransCanada will continue its efforts to align with potential shippers. If sufficient firm contracts are secured in the open season, TransCanada would begin construction after regulatory approvals are received. TransCanada is targeting to have the pipeline in service by September 2018.

TransCanada applied under AGIA to build a 4.5 billion cubic feet per day (bcf/d), 48-inch diameter natural gas pipeline running approximately 1,715 miles (2,760 km) from a new natural gas treatment plant at Prudhoe Bay on Alaska’s North Slope to Alberta. Integration of the pipeline with TransCanada’s Alberta System will provide access to diverse, Lower 48 markets across the U.S. The application includes provision for expansions up to 5.9 bcf/d through the addition of compressor stations in Alaska and Canada.

With more than 50 years’ experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas pipelines, power generation, gas storage facilities, and projects related to oil pipelines and LNG facilities. TransCanada’s network of wholly owned pipelines extends more than 59,000 kilometres (36,500 miles), tapping into virtually all major gas supply basins in North America.


OKAYYYY THEN. WINK WINK

Here's the plain English:

The pipeline project is still in the earliest planning stages. In fact, you could say that it isn't even in the "planning stage." Rather, it is in the CONCEPTION STAGE. Largely where it has been for years and years. The only thing that has changed since Palin became governor is that TransCanada now has the rights to "think" about building a pipeline. NO CONSTRUCTION CONTRACT. NO CONSTRUCTION HAS BEGUN. NO HARD DEADLINE OR TARGET FOR GAS DELIVERY. NADDA. ZILCH. TransCanada is performing some engineering and environmental work. But that's about it.


During 2007 and 2008 to date, TransCanada has issued ONE PRESS RELEASE regarding the Alaska Pipeline Project. That was on August 1, 2008.

Here's a problem with the proposed pipeline. The United States has an abundance of natural gas. It has really only ever been an issue of price when it has come to building pipelines, either in Alaska or the continental U.S. But in recent weeks, as the price of crude oil has collapsed, prices have fallen so far that major natural gas producers and explorers have been scrambling for cash and selling properties.

Shipping of yet more natural gas from Alaska to the rest of us would more than likely keep pressure on natural gas prices. This is usually a huge disincentive for to produce more, let alone invest $40 billion in a new pipeline project.

Fact is anyway, more than thirty percent of crude oil is used for transportation fuels. Natural gas accounts for a drop in the bucket. Republicans have done virtually nothing to encourage the use of natural gas as a transportation fuel despite the fact that the technology has existed for years, with millions of natural gas-fueled automobiles tooling around Europe. Sure, you see the occasional fleet of natural gas powered municipal buses and other fleets around the U.S. But nothing is really being done to facilitate the availability of natural gas as a transportation fuel, let alone providing incentives.

So just what would we do with more natural gas? The biggest key to slashing our dependence on oil imports is the conversion of our automotive fleet to "something else." Natural gas, electricity, wind power, Flinstones' foot power, whatever.

THE SARAH PALIN / JOHN MCCAIN $40 BILLION Alaska Pipeline Project IS JUST A SIMPLE LIE.

Tuesday, October 28, 2008

POLITICS OF HATE, POLITICS OF WAIT

One week to go. Lots of people have voted early. Lots of people have voted absentee ballots. LOTS OF PEOPLE HAVE NOT YET VOTED!

I'm not disturbed by the latter observation. Most people don't bother to vote until Election Day, period. It is disconcerting that people that have likely made up their minds choose to wait until November 4 to cast their votes. They might have to endure enormous lines, some polls may close before all voters vote. The weather - rainstorms, snowstorms, frogs and locusts - might discourage some voters from venturing out, convinced that the election is in the bag for their candidate (I am assuming they would be Obama voters).

My candid advice to anyone that has not yet voted, yet has the legal opportunity to do so early? GET OFF YOUR ASS AND VOTE AND DO IT NOW!

Just because every poll seems to be saying the same thing, that Barack Obama will win on Tuesday, November 4, does not assure anyone of that becoming reality. People still must vote, not just think about or pray about it.

Besides, Election Day is one week away. And the POLITICS OF HATE are heating up from the Far Right. We haven't heard the last of the "Robocalls." We haven't heard the last of veiled or outright racist hatred epithets. We haven't heard the last about "Joe/Barack the Socialist" or "Joe/Barack the Marxist" or "Joe/Barack the Taxer" or "Joe/Barack the Appeaser" or "Joe/Barack the Who Knows What."

We certainly haven't heard the last from John McCain the Liar or Sarah Palin the Liar or the Republican National Committee the Liars, or the rest of the Right Wing "distortion trust."

The next week will be ugly. And spin doctors have been known to pull rabbits out of hats at the eleventh hour. The Bush administration seems to be doing their darnedest to insight more enemies and potential conflicts with attacks on Pakistani and Syrian soil, despite ongoing protests from those governments and even the Iraqi government.

I can expect John McCain to demand that Barack Obama take a public stand on Alaska Senator Ted Stevens felony conviction. After all, we can forget that Stevens has been "pallin' around" with Palin for years, despite what she says on the stump.

And who knows what dirt will be dredged up about all those under $200 contributors to Obama's campaign, myself included? Or the fact that Obama has actually accepted contributions from firms/employees on Wall Street as well as Main Street, and how that might be spun.

As quickly as the polls universally swung to Obama's direction, they can swing right back, pun intended. That is why it is soooooo important to vote and vote as soon as you can!

In multiple states, attempts continue to disenfranchise voters, new and old, for any number of reasons. Yes, this year the Democrats have been aggressive in filing lawsuits to reverse or prevent these actions. Here in Colorado, Republican Secretary of State Mike Coffman - who is running for Congress in my own district - is being sued because of the possible disenfranchisement of tens of thousands of potential voters. And many pundits - and experts - believe that Colorado could be The STATE to watch on Tuesday.

Enough people who have been claiming they will vote MUST get out and actually vote so that disenfranchisement does not cost Democrats the election. Hey! I would like to continue to live in the United States as an American. A McCain win on November 4 just might be sufficient to push me off the cliff to find a new country to call home. I'll take higher taxes and single-payer healthcare in the UK or elsewhere if it means I won't remain under the crushing foot of Right Wing "I'm Patriotic and You're Not!" Republicans.

One last thought for the day: John McCain has been so concerned about taxing and spending and the need to freeze or slash (depending on the day) spending in order to pull us out of our dire economic circumstances. Yet at the same time, this great student of history - McCain, I mean - accuses Barack Obama of wanting to pursue Herbert Hoover policies. Let's not forget our history - our real history. Hoover cut spending at just the wrong time, exacerbating a huge financial crisis and transforming it into the Great Depression. Rather than "deficit be damned" and stimulating the economy by investing in it, Hoover pulled the plug and everyone watched as the nation circled the drain, landing with one loud "glug glug glug, THUMP."


GET OUT AND VOTE!!!!!!!!!!!!!!!!!!!!!!!

BACK TO THE FUTURE? AGAIN? OR IS IT BACK TO THE PAST?

Well today, the U.S. stock market rise about 11 percent. The Dow Jones Industrials Average exploded for nearly 900 points to close above 9,000. The S&P500 Index also rose about 11 percent to close up more than 90 points to more than 940. And yes, the NASDAQ Composite rose more than 140 points to close above 1,600.

It feels to some like an eternity since we've been that high. And many pundits are already expounding that we have likely seen the bottom in U.S. stock prices and it's time to BUY BUY BUY!

HOLD ON THERE BOBALOUIE!

The stock market is back to where it was five short days ago. The market rose today on fairly light volume, suggesting not so much a huge influx of buyers and bargain-hunters, but perhaps more a lack of sellers today. Now this could be due to "sellers' exhaustion." It could be due to an absence of anything else to sell. But it certainly isn't due to a change in the fundamental outlook for the economy.

We are still staring down the barrel of a recession of still unknown proportions and length. While there has been some very modest movement to unfreeze credit markets, those all-important markets are still pretty stuck. We are looking at the likelihood of somewhere between two and three million homes going into foreclosure between now and the end of the year, barring dramatic action that is not yet in the equation.

An 11 percent one-day move in stock prices is not going to dent consumers' desire or ability to spend spend spend this Christmas. And who knows? Credit card issuers - banks - may not allow consumers to spend spend spend.

The Conference Board's index of consumer confidence plunged from 61.4 in September to 38 this month, the lowest reading recorded in 41 years. That's 1967, people.

After many stocks have declined anywhere from 50- to 75-percent off their highs, Wall Street securities analysts are just now issuing sell recommendations...but darned few of them. I guess the Harvard Business School logic is that if you thought U.S. Steel was a bargain at $195 a share, it had to be an even bigger bargain ALL THE WAY DOWN to $30 a share. Sure makes sense to me. I call that "The Lemming Logic of Financial Analysis" or LLOFA.

Thanks to LLOFA, tens of millions of retirement plans have been driven off a cliff this year. Oh no. It's not the first time, of course. But one must wonder...does it ever get any better? Do "highly educated, highly trained" people ever learn from history, let alone their own experience?

A poorly functioning clock is right twice a day, so they say. The investment industry only prays that we can't tell time the rest of the time. Or we are too attention deficit impaired to remember any past experiences.

I guess I don't quite fit that mold.

Sure, stocks are cheap if you believe that they'll have good earnings next year - the earnings estimates that analysts have yet to get around adjusting for a recession of ANY magnitude. And stocks appear cheap based on last year's earnings, very cheap. But unless you believe that this recession will be of shallow and short-term duration - which you know I do not - all you can say is it's nice to have an 11 percent up day for a change. But one day does not a trend make. And this day ignores any possibility of a recession.

Defense - no, not the manufacturers of grown-up war toys - remains the best strategy, in my humble opinion. Can the market still decline to 7,200 and 700 on the DJIA and S&P500, respectively? Nothing has changed from five days ago other than the market has been down and up and down and up.

If you are a trader, no doubt you'll find opportunities to bet on. But until there are clearer signals about our economic health, can you really return to serious investing? Five days...Where will the market be five days hence? Just after a presidential election?