Showing posts with label BIG BUSINESS. Show all posts
Showing posts with label BIG BUSINESS. Show all posts

Monday, April 11, 2011

OIL PRICE BS!


We keep taking it on the chin and Big Business/WALL STREET is throwing the punches. In addition to Republicans asking for more tax breaks for the wealthy, we are all drowning under the weight of oil prices. But why? Is there a supply issue? No, not really. Has there been a huge increase in demand? No, not really. So why?

http://useconomy.about.com/od/commoditiesmarketfaq/p/high_gas_prices.htm

What Is the Biggest Factor in High Oil Prices?:

Like most of the things you buy, oil prices are affected by supply and demand. However, oil prices are also affected by oil price futures, which are traded on the commodities futures exchange. These prices fluctuate daily, depending on what investors think the price of oil will be in the future. When traders think oil will be high, they bid it up even higher. This soon causes high gas prices..Another reason for high oil prices is the declining dollar. Since oil is denominated in dollars, the 40% decline in the dollar in the last six years puts upward pressure on oil prices. (Source: BBC, Oil Price May Hit $200 a Barrel, May 7, 2008)
Sometimes commodities traders drive up the price of oil, even when supply increases and demand falls. The EIA cites an increased flow of investment money into commodities markets. In other words, money that used to be invested in real estate or the global stock markets is now being invested in oil futures. (Source: EIA Short-Term Energy Outlook)

So you see, what is messing with everyone's  paycheck are a bunch of people making billions by BETTING on the price of oil.

Sunday, October 17, 2010

NO TEA FOR ME.

Neither Maine nor the nation needs the Paul LePage’s of the world. Time to dump the Tea Party into the harbor. Maine has a long tradition of independence but it also cares for its people. LePage, and it seems all Tea Party minded candidates, would return us to an era of survival of the fittest. Under the guise of less spending and reduced regulations, their ideas do nothing but give big business free reign to continue to rape and plunder the middle class.

Maine’s unemployment is around 50, 000. LePage wants to layoff 6-7,000 teachers. That’s a real economic benefit. Just what we need, more people searching for scarce jobs, more lost homes and higher welfare needs.  But wait, they also want to cut welfare and put the ‘lazy bums’ back to work. Where? Yes, there are abusers of the welfare system and programs to get rid of ‘welfare lifers’ who could otherwise work makes sense. But, there are many with legitimate needs and in Maine, we used to care for those who need help. But I suppose it is easy to pick on the poor! What is totally illogical is that LePage wants to cut support for the University system, Community Colleges, and K-12. Stop that train. How will reductions in the very systems that are needed for an intelligent work force going to attract jobs? LePage further wants to abolish the State Department of Education thereby cutting off access to millions of dollars. Hang that phone up, Mr. LePage. Those are my tax dollars coming back to Maine. Why would I want them going to who knows where?

While mouthing support for alternative and renewable energy, LePage and the Tea Party are big supporters of more offshore oil drilling and nuclear power. Just what the Gulf of Maine needs, oil rigs run by the likes of BP and nuclear power that produces radioactive waste good for at least several hundred thousand years. Hell, the U.S can’t safely dispose of the waste it has now, what sense is it to add to the problem?

Everyone likes to hear phrases like reduce government spending, give tax cuts, fight the bureaucrats, and get government off our backs. If history is any indicator, the tax cuts benefit the wealthiest; reduced regulation means let’s not worry about oil spills; and, getting government off our backs means let the large corporations do what they want. And to date, what they want is to send their jobs overseas and pay slave wages.

What will really attract jobs to Maine? A clean environment, an educated work force, quality services, modern infrastructure and fewer damn potholes will help bring jobs to Maine. These things cost money and to think you will have them by just cutting taxes, dumping on government workers, and firing teachers is ludicrous! These same people don’t want to extend unemployment benefits, deny retirees benefit increases, take free choice away from women and slam the poor and unemployed because they got shafted by big business. This is not what Maine is about and it is not what America is about. Do we need changes and improvements and politicians who do not placate themselves to the rich and powerful? Of course! But we don’t need politicians who claim to be for the middle class but whose policies would continue to destroy the very people they hope will vote for them. No ‘tea’ for me, no tea for Maine and no tea for the nation. We are a country of coffee drinkers and hopefully the electorate is bright enough to understand that.