It’s a license to steal.
You know it, and I know it.
We should abolish it.

Many of those people who bought the bad mortgages were

#1 Suckered into it

#2 Unable to service the debt.

#3 Would just as soon pay rent as opposed to buying property that’s not worth what they paid for it

#4 Don’t mind stiffing the banks, considering the bad faith in which the lenders made the loan in the first place.

Look at it this way, you geniuses.

If a casino tells me I can come over and buy $20 for $15, I’ll do it every day of my life until they make me stop.

That’s all the home buyers did.

Face it, the bankers shafted themselves
by thinking they were smarter than their customers.

And now they are going to have to pay for it.

BTW, some of those idiots are still choosing to pay the mortgage note.

Nice talkin’ with ya, as usual.

You don’t KNOW what THEY have. Unless you “have” and someone told you how bad it is to “have” and you feel guilty. Then give to those around you! If you don’t understand economic principles invest an hour a night and read books on economic principles(try and stay away from the Micheal Moore Cliff Notes.) Bill Gates, Robert Kiyosaki, heck Zig Ziglar.

The problem with this country isn’t that no-one knows what’s going on. The problem IS that people like YOU, THINK you know what’s in the “haves” pockets and HOW they’re gettin’ their money.

The TRUTH is most people work HARD for their money. When they get really good at what they do and work smart, they make a lot of money. In spite of the popular mentality that ‘the rich don’t deserve their money’. Did you ever think ‘Taxes don’t make you any richer and government over-spends on every penny they spend.

If everyone would mind their own P’s and Q’s and realize the inefficiency of the tax system, more people would work harder for themselves and be more compassionate to their neighbor.

It’s just that the “haves” are trying to protect their portfolios any way they can, even if it means puttin’ the wood to the rest of their fellow Americans.

Meanwhile the green visor bean counters and the Kenny Leys of the world have concocted this confusing economic mix that virtually guarantees that the modern corporate exec can put his hand in your pocket your wife’s purse and your kids trust fund, take all your money and you will salute him for it. Call him a patriot in fact. Saying things like “Ain’t this a great country?” and stuff like that.

That’s how f•ck•d up things are right now, Guy… excuse my French.

I like this talking point better. Democrats in Washington, have so little knowledge about how capitalism works. The only thing they can do is make people dependant on the government, so they will think taxes will solve their problems. Then when others get wise to the RHETORIC, they complain about how there’s partisian bickering, because they ran out of logical thought. JUICY!

(…dang… I had a great Al Jarreau tune in mind for right here, but YouTube ain’t workin’ right now. Oh well, shucks.)

Partisan rhetoric aside, the cold hard facts of the ANWR situation is that even at peak capacity, the most the U.S would get is 800k barrels of oil a day. Looking at that number, one might think its a good idea to drill in Alaska. However, that is but half the story.

The rest of the story is that the US uses more than 25 million barrels of oil EACH DAY. Government forecasters (hardly partisan hacks, from either side) estimate that drilling in ANWR would lower the price of a barrel of oil as much as $1.40 a barrel. This small amount is not going to have any meaningful effect on the refined price of gas.

So to say that because Rep. Herseth-Sandlin is the direct cause in the rise of gas because of her votes to limit exploration in ANWR is political hackery at its worst. I understand that you may be conservative PP, but to deliver Republican talking points on this issue is a disservice to your readers.

I thought I’d give you a word jumble.

The worst part of the ‘Enron loophole’ is it’s relation to the Oscillation Overthrusters controll by the level 3 Orcs.

——————————————————————————————
“This is important, because despite conventional wisdom, existing supply-demand ratios in oil and oil-related products in no way justify current prices. As the Senate report accurately stated:

While global demand for oil has been increasing – led by the rapid industrialization of China, growth in India, and a continued increase in appetite for refined petroleum products, particularly gasoline, in the United States – global oil supplies have increased by an even greater amount. As a result, global inventories have increased as well. Today, U.S. oil inventories are at an eight-year high, and OECD oil inventories are at a 20-year high.

The report also gave an accurate historical reference to current oil supply levels:

As a result, over the past two years crude oil inventories have been steadily growing, resulting in U.S. crude oil inventories that are now higher than at any time in the previous eight years. The last time crude oil inventories were this high, in May 1998 – at about 347 million barrels – the price of crude oil was about $15 per barrel. By contrast, the price of crude oil is now about $70 per barrel. The large influx of speculative investment into oil futures has led to a situation where we have high crude oil prices despite high levels of oil in inventory.

Similarly contrary to the recent hysteria surrounding this issue, supply is expected to grow faster than demand for the foreseeable future:

In its monthly report for March 2006, the International Energy Agency(IEA), stated, “Additions to OPEC and non-OPEC capacity are forecast to keep global supply trends broadly in line with global demand in 2007 and 2008.” The U.S. Department of Energy’s Energy Information Administration (EIA) recently forecast that in the next few years global surplus production capacity will continue to grow to between 3 and 5 million barrels per day by 2010, thereby
“substantially thickening the surplus capacity cushion.”

——————————————————————————————

Some authorities estimate that if the Enron loophole were closed today, gas and oil prices would go drop 25% tomorrow.

I think the first order of business in Congress has to be to close the Enron loophole. Unless that happens, nothing will change much regardless of how new oil we find where.

http://newsbusters.org/node/6858

Regardless of which president signed the legislation, the problem this author detailed 2 years ago is still the problem today.

Sorry, Chris. I do like your Twitters, though. Otherwise, I wouldn’t know you had a campaign.

On a more serious note, it’s nice that my favorite Congresswoman has her finger up in the air checking to see which way the wind is blowing on this issue. Solid, Steph!

Also, wonder how many South Dakotans who want drilling off the Coasts also oppose Trans Canada and Hyperion right here in God’s Country.

I’m just sayin’–and wonderin’.

Todd Epp
Oil and Irony Editor
SD Watch http://www.southdakotawatch.net

#15, are you talking to #892 and #164?

That would have put Stephi in a box where you could more effectively deal with her. Now, Chris is in an almost impossible position.

For instance, why wasn’t anyone asking Stephi why she was making it more expensive for farmers to fill their combines and tractors because of her reluctance to increase supplies through anwr drilling????

Instead Chris and his campaign team have been too busy ensuring they have every unncessary communications tool ever created on their way too expensive website.

Not to say that if both would have been sensible about using our own resources years ago it would be better now.

We need to drill here, get serious about developing other types of energy, and conserve more (are you listening re your fancy house and jet, Al Gore???)

Todd Epp
Energy and B.S. Editor
SD Watch http://www.southdakotawatch.net

Too bad the liberals in Congress have blocked drilling there and off shore for so long. If the drilling had been allowed years ago, we’d be getting oil now.

For those of you who are concerned that drilling in ANWR will screw up the pristine area and disturb the wildlife, it will have very little impact. ANWR contains over 19 million acres. That is about equivalent to the size of Eastern SD, from the Missouri to MN, from ND to Neb. And out of the area the drilling would be done on 2000 to 3000 acres.

Those of you who are old enough to remember when the Alaskan Pipeline was put in, the naysayers claimed the caribou herds would be negatively impacted because the pipeline crossed their migration routes. Back then there were about 7,600 caribou, today there are over 24,000.

Drill! But responsibly.

faith bremmer is the one who wrote the article for the argus today. she should do a follow-up.