Archive for August, 2011
Despite assurances from British oil company BP that no oil was present at the Deepwater Horizon site in the Gulf of Mexico, two Louisiana State University men have returned with video evidence of large blooms of crude oil swelling up to the water’s surface where the doomed oil rig once hovered.
Tests on the oil were inconclusive as far as linking it to the now-plugged oil well, but if it is from the Deepwater Horizon spill it could indicate the formation of fissures on the seabed, seeping oil into the ecosystem anew.
If so, that would mean the worst accidental release of oil in human history — a spill so bad, it took five months just to stop crude from flowing — isn’t quite over.
This video is from AL.com.
The moment Hurricane Irene was sweeping through New York, Republican presidential candidate Ron Paul was calling for additional spending cuts before funding disaster relief.
The Texas congressman doubled down comments he made Friday that the nation was better off in the 1900s, before the existence of the Federal Emergency Management Agency (FEMA).
“Congressman, you would really at this point, do away with FEMA and all the things it’s doing to help hundreds of thousands of people along the East Coast?” Fox News Chris Wallace asked Paul.
“Have you ever read the reports that came out of New Orleans [after Hurricane Katrina]?” Paul laughed. “It’s a system of bureaucratic central economic planning, which is a policy that is deeply flawed.”
“So, no. You don’t get rid of something like that in one day… I propose we save a billion dollars from overseas war mongering, bring half of that home, put it against the deficit and yes, tide people over until we come to our senses and realize that FEMA has been around since 1978. It has one of the worst reputations for a bureaucracy ever.”
“I assume if the Obama administration comes and asks for a emergency funding bill for FEMA, you’re a definite no?” Wallace pressed.
“Where would the money come from?” Paul said, again laughing. “We don’t have any money… I would consider what I just said. I have precise beliefs in what we should do and I want to transition out of dependency on the federal governent.”
“But I would say, ‘Yes, Obama you want a billion dollars? Quit that war in Libya that is undeclared and unconstitutional. Bring those troops home, save two billion dollars. Put a billion against the deficit and tide our people over.’”
He continued: “We’ve conditioned our people that FEMA will take care of us and everything will be OK. But you try to make these programs work the best you can. You can’t just keep saying, ‘Oh, they need money.’ We’re out of money. The country is bankrupt.”
Watch this video from Fox’s Fox News Sunday, broadcast Aug. 28, 2011.
Texas Gov. Rick Perry has asked the U.S. Department of Homeland Security for nearly $350 million to cover the costs incurred detaining illegal immigrants in state prisons and county jails.
In a letter to Homeland Security Secretary Janet Napolitano, Perry criticized the federal government hasn’t been doing enough to secure the border with Mexico, thereby allowing illegal immigrants to enter the U.S. and use taxpayer-funded resources, including prisons and jails. It’s a claim the Republican governor has made many times before.
The letter was dated Aug. 10, three days before Perry formally announced he is running for president.
Reached after-hours Friday by phone, DHS spokesman Matthew Chandler said he wasn’t in position to comment and said he could not confirm that the DHS had even received the letter.
Perry has been criticized by some fellow conservatives as being too lenient on illegal immigration issues. Unlike fellow GOP presidential hopeful Rep. Michele Bachmann, Perry does not think the U.S. should build a wall spanning the entire Mexican border. Perry also has supported discounted tuition rates for the children of illegal immigrants at Texas universities, and he has said Arizona’s tough-on-immigration law wouldn’t be right for Texas.
In his two-page letter to Napolitano, Perry described the formula he used to determine the costs, including $94.4 million to cover the costs incurred by county jails.
“During tough economic times, when communities are making difficult decisions about their own budgets, Texas counties are being asked to cover more than $94.4 million in direct costs related to housing illegal immigrants while the state has been left to cover more than $254.8 million in such costs.”
He included a memo from Comptroller Susan Combs in which she supports his calculations but warns that the estimates are conservative.
“The longstanding failure of the federal government to secure our border with Mexico continues to burden local communities and resources in Texas,” Perry wrote. “Because there are not enough troops on the ground, illegal immigrants are able to penetrate the Texas border every day and use taxpayer-funded resources.”
As governor, Perry was one of the first to talk about immigration by breaking out the issue of border security, a move that has won him support from conservative Hispanics. But he angered Hispanic leaders in June by endorsing legislation that would have prohibited cities from adopting “sanctuary” rules for handling suspected immigrants.
Reports Yahoo News:
“In yet another sign that perhaps the news media ought to think about treating his presidential campaign more seriously, Ron Paul was viewed about as favorably as Rick Perry and Mitt Romney by Americans in a new poll.
In an Associated Press-GfK telephone survey of the general population, 37 percent of the respondents said they have a positive view of the libertarian-leaning representative from Texas, while 36 percent said they did not.
Perry, the Texas governor, and Romney, the former Massachusetts governor, invoked similar favorable/unfavorable ratings that also fell within the poll’s 4.1 percent margin of error. Romney was viewed favorably by 39 percent of Americans, and Perry was viewed favorably by 33 percent. Another 41 percent said they viewed Romney unfavorably, and 36 percent viewed Perry unfavorably.”
As Hurricane Irene barrels along the U.S. East Coast, Rep. Ron Paul of Texas said the nation would be much better off without the Federal Emergency Management Agency.
“I live on the Gulf Coast. We put up with hurricanes all the time,” the GOP presidential candidate told CNN after a New Hampshire campaign event Friday. “There’s no magic about FEMA. More and more people are starting to recognize that.”
Paul has long been a critic of the agency, which he calls a “great contributor to deficit financing.”
With more than 7,600 employees, FEMA falls under the Department of Homeland Security and coordinates response efforts when disasters strike.
Citing the Galveston hurricane in 1900 that obliterated much of the Texas coast, the libertarian-leaning congressman said Americans were able to rebuild their cities and put up a seawall without the federal government’s help.
“FEMA is not a good friend of most people in Texas,” Paul said. “All they do is come in and tell you what to do and can’t do. You can’t get in your houses. And they hinder the local people, and they hinder volunteers from going in.”
After Hurricane Ike demolished parts of the Texas coast in 2008, Paul voted against a bill that would funnel billions in aid to the area, which covers his congressional district.
FEMA has since pumped more than $3 billion in federal funds into the state.
The agency received wide criticism in 2005 for failing to respond in a timely, organized manner to the vast destruction wrought by Hurricane Katrina.
, Finance Examiner
Billionaire investor Jim Rogers throws his support behind Ron Paul
As the economy Continues its downward slide due to the failed leadership of both the President and Congress, billionaire investor Jim Rogers sees no other alternative to turn things around than for Ron Paul to win the Presidency. Rogers’ views on both gold prices and the 2012 Presidency were addressed on August 27th in a comparison made between himself, and economist Nuriel Roubini.
Jim Rogers thinks gold will double to at least $2,000 an ounce. Economist Nouriel Roubini says that’s “utter nonsense.” As these well-known market personalities duke it out, they’re doing us a favor by highlighting a critical debate: Which is the bigger threat — inflation or deflation?), not to mention gold (to the amusement of such Keynesian soundbites recorded for posterity as the following: “Maybe it will reach $1,100 or so but $1,500 or $2,000 is nonsense”), and especially inflation (perhaps the only thing that will prompt a chuckle out of Gadaffi and Mubarak these days is someone telling them that their multi-decade reigns are over due to hyperdeflation and plunging food prices), was caught on tape voicing his endorsement of the only sane person who can possibly do something for this country. “In this election if Ron Paul gets anywhere near the nomination I would certainly support him. He is the only one that I’ve seen in American politics that seems to have a clue about what’s going on.” – Zerohedge
In the 2012 elections, the economy is becoming even more of an issue than it did in 2008, and even the 2010 Congressional elections. More people have become unemployed in the past year, and the banking crisis has escalated, even after the trillions of dollars were pumped into the system by Congress and the Federal Reserve. In fact, in Fed Chairman Ben Bernake’s Jackson Hole report yesterday, he blamed Congress and the President over anyone else as the primary reason for the continuing lack of growth in the economy.