Posts Tagged ‘BP’

“Transitory Oil: Greasing the Slide”

Turmoil in the Mideast is being blamed for high gas prices.

Americans are getting fleeced by big oil companies!

In his first ever press conference Fed Chairman Ben Bernanke referred to the rise in oil and gas prices, as well as food and other commodity prices, as transitory. Though these stifling rises aren’t permanent they are having an immediate impact on those that can least afford them. They continue to erode the middle-class.

Transitory or not, big oil companies are making a killing on the high prices.

Exxon/Mobil reported record quarterly earnings, $10.65 billion, for the first quarter of 2011. That’s a 69% improvement over the same quarter last year. They spend millions of dollars in television and radio ads telling us how great they are. How much they’re doing for our planet. How much they’re improving our lives.

But are they really improving our lives?

Read the rest of this entry »

Tags: , , , , , , , , , , , , ,
Posted in Economy, Oil | Comments Off

“The Evaporation of Hope!”

Just two short years ago we were promised hope and change!

After 8 years of a disastrous administration we, Independents like myself, Democrats, and some disgruntled Republicans voted Barack Obama into the office of President over the tired, old, destructive platform of John McCain.

The need for change was obvious and the promise of hope exhilarating. We had a dynamic, charismatic candidate that offered promise for the future; an opportunity to right the wrongs of the previous administration and 12 years of a destructive Congress.

It was clear that Obama understood the needs of the people and would work hard to restore the balances that make this country great! There had been a long, slow, painful 30 year erosion of that balance and America was in an agonizing death spiral. Obama promised to reverse that!

But, as an Independent, a year-and-a-half into his Presidency, I’m wondering…

Where is the change that millions of Americans were hoping for?

Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , ,
Posted in Economy, Politics, Rebalancing America | Comments Off