QE2

LOL. Germany bitching about QE2. Someone remind them nimrods the American taxpayer helped rebuild their country after they tried to take over the world.

 

They got us out of the last Depression... they should have some say in this one.

 

Should of thought about that before the sent in the Luftwafa. Yeah, I know the past is past, but hey, most countries play the currency game. They are just mad because, well, except for China, they didn't think of it first. Things will play out as they usually do.

 

Evidentally the Germans dont need to play that game... they make stuff.

 

Good cars and knives.

 

machine tools, appliances(just bought a new NC made, german dishwasher), etc... Evidently german business managers have figured out how to make things that our over educated business managers cant.

 

And yet they were/are deep in a recession as well.

 

I flipped on Squawk on the Street this morning to hear some guy say that for every Penny gas goes up 4 million dollars A DAY goes out of the economic recovery. Just like gas prices broke the fake economies back, high gas prices will hold it down by the neck. Between speculation and government manipulation of the dollar oil is already at least ten dollars a barrel too high. The hammer will fall when the Government adds a fifteen cent a gallon tax to " fix Americas roads" ... wtf. That is what the taxes we pay on a gallon were supposed to be doing anyway. I'm sure the wingers will audit this to see where the money is going and fix it.

 

Yeah, the gas tax isn't going to fly. Wasn't a lot of that stimulus money supposed to go to infrastructure? What the heck happened to all that money?

Bad part is we're screwed if with gas prices either way. Either through currency manipulation or just a genuine improvement in the economy. We all know at the first hint of positive economic news oil prices tend to rise.

 

With leadership like this how can we lose.


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GOP Energy Committee Fight Gets Ugly

http://feedproxy.google.com/~r/Moth...gop-fight-energy-and-commerce-chair-gets-ugly

I reported recently that Rep. Joe Barton (R-Tex.)—famed of late for his apology (and later apology for that apology) to BP—is seeking a term limit waiver so he can again serve as chairman of the powerful House Energy and Commerce Committee. Well, there's been plenty of action recently when it comes to GOP jockeying for top spot on this key panel.

Rep. Fred Upton (R-Mich.) still looks like the frontrunner for the post. Republican caucus rules state, "No individual shall serve more than three consecutive terms as chairman or ranking member of a standing, select, joint or ad hoc committee or subcommittee," which preclude Barton, currently the ranking member, from taking the post. That is, unless he can convince fellow Republicans to give him a free pass for another turn.

Meanwhile, someone—allegedly team Barton—has been circulating a detailed, 22-page record of Upton's voting history, an attempt to prove that he doesn’t have the conservative bonafides to serve in the top spot. Barton told The Hill yesterday that he's not behind the oppo report. Meanwhile, he is circulating a letter signed by three Republican committee chairmen supporting his bid.