Thursday, September 25, 2008


I generally agree. My variance is in regard to "energy policy". The policy we had was one to discourage domestic production, including off shore drilling and low cost nuclear. We have lost US investment and US jobs as a result of our restrictive policy.

It has taken $4 gasoline to push us back toward the free market mode, which allows the best strategy to win. It takes only common sense to understand that an energy source that requires a 30% capital subsidy to be competitive is wasteful. Paulson is highly regarded. He sits in a very powerful seat. Even so, yesterday, McCain said the administrations bill would not pass. If he is right, there are certainly good alternative plans.

I fault democrats and republicans for the triangulation strategies they each use. Mistakes made by one party are allowed to run wild for political purpose. The prime examples include the restriction of domestic energy production to encourage energy subsidy boondoggles and allowing the housing bubble to run without intervention.

On Thu, Sep 25, 2008 at 10:11 AM, Lamar wrote:

By the way I would never argue against Hank Paulson and Ben Barnanke. My fear about the bailout is the delay is caused by both many Congresspeople want to add their pork and political posturing . I am amazed the American people are stupid enough to put their faith in Congress who got us in this bloody mess.