Thursday, July 15, 2010

Washington once again caved to Wall Street.

The US Senate voted Thursday to send President Barack Obama the most sweeping rewrite of Wall Street rules since the Great Depression of the 1930s, handing him a historic political win. The bill passed 60-39. However, a top Democratic senator who voted "no" is arguing that "Washington once again caved to Wall Street." Lawmakers voted 60-38 to end a year of often bitter partisan debate on the 2,300-page measure and set the stage for a final passage ballot expected shortly after a last procedural test at 2:00 pm. (1800 GMT).Link

Lets hope this is true.

BP engineers Thursday stopped oil flowing into the Gulf of Mexico for the first time since April as they shut all valves on a new cap placed on top of a fractured wellhead, a BP official said. "It is good to see no oil going into the Gulf of Mexico," said senior vice president Kent Wells, but he cautioned: "We are just starting the test." He said the oil flow stopped as the last of three valves on a huge capping stack was shut at around 2:25 (1925 GMT) Thursday, but engineers were keeping a close eye on the operation to see whether any oil began leaking again.Link

Tuesday, July 13, 2010

Sarah Palin likes government too.

(CNN) -- During a speech at an event called "Freedom Fest," former Alaska Gov. Sarah Palin warned Tea Party activists that while government spending was a bad thing, conservatives should not go too far and start calling for reductions in the military budget. While Palin told the crowd in Norfolk, Virginia, "Something has to be done urgently to stop the out-of-control Obama-Reid-Pelosi spending machine," she also told them, "We must make sure, however, that we do nothing to undermine the effectiveness of our military." Palin's speech touched on a historic problem for the conservative movement. Ever since conservatives embraced a hawkish stance toward national security policy in the early Cold War in the late 1940s and started to challenge Democrats for not being tough enough, national security has always been the poison pill for anti-government conservatism.Link

Please be capped.....