Archive for June 26th, 2008

Obamacan in the Senate?

Thursday, June 26th, 2008

There is no more diverse state politically than Oregon. Portland is as liberal as any city in the US including San Francisco but if you go east you find yourself next to Idaho and conservatism breathes in these locales. But this election is unique and the winds of change favor Barack Obama. One GOP senator seems to understand the nature of this election and he has hitched his wagon to the Illinois Senator in a new ad.

It is unheard of for a candidate from one party to identify with the nominee from the other party but Oregon Senator Gordon Smith has done just that. His ad shows Senator Obama’s website and also refers to Oregon’s Democratic Governor Ted Kulongoski. The advertisement is intended to show Smith’s ability to be bipartisan but the message is much more than that. The waves sweeping on Oregon’s shores these days are much bluer than in the past and Senator Smith wishes not to drown in the high tide. The impact of this ad may very well work for Senator Smith but he won’t win any friends in his party for running it. But if he indeed wins and the scales tip favorably toward the Democrats in Congress, Senator Smith will be able to put his bipartisan experience to work.

There is another element to this tactic by Senator Smith. There is not a feeling of disdain about either Barack Obama or John McCain. This climate has allowed for the Oregon GOP senator to air his ad. The vitriol that has served as the sword of Damocles the past several decades has been tamped down in this election.  Thankfully, mouthpieces such as Michelle Malkin, Ann Coulter and Michael Moore have been marginalized and with the nature and depth of the problems that the new President must face this can only be a good sign for our country.

 

An Obamacan is a Republican who supports Barack Obama

Removing the Thorn

Thursday, June 26th, 2008

Democrat, Republican, Conservative, Liberal, it doesn’t matter. On a day when oil prices rocketed to $140 a barrel based purely on speculation of future oil prices it is time to let your Congressmen know how you feel about this issue. You can guarantee I will be sending out some letters tonight.

From Wall Street Journal’s Marketwatch

Last update: 4:24 p.m. EDT June 23, 2008

Gas could fall to $2 if Congress acts, analysts say

Limiting speculation would push prices to fundamental level, lawmakers told

By Rex Nutting & Michael Kitchen, MarketWatch

WASHINGTON (MarketWatch) — The price of retail gasoline could fall by half, to around $2 a gallon, within 30 days of passage of a law to limit speculation in energy-futures markets, four energy analysts told Congress on Monday.

Testifying to the House Energy and Commerce Committee, Michael Masters of Masters Capital Management said that the price of oil would quickly drop closer to its marginal cost of around $65 to $75 a barrel, about half the current $135.

Fadel Gheit of Oppenheimer & Co., Edward Krapels of Energy Security Analysis and Roger Diwan of PFC Energy Consultants agreed with Masters’ assessment at a hearing on proposed legislation to limit speculation in futures markets.

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