Thursday, June 12, 2008

Pelosi and Obama

Pelosi continues to thrash the free trade deal with Columbia, our ally in South America. She continues her push to try and wreck our economy.

“This free trade agreement is in our national interests, yet that bill is dead unless the speaker schedules a definite vote,” the president said. “And it’s not in our country’s interest that we stiff an ally like Colombia and that we don’t encourage our goods and services to be sold overseas.”

Ms. Pelosi fired back, hurriedly scheduling a rare Monday meeting with reporters to suggest that the president was putting his trade agenda ahead of Americans’ economic troubles while pursuing stale economic policy.


"We cannot drill our way out of this," House Speaker Nancy Pelosi of California countered. Opening the wildlife refuge in Alaska would reduce U.S. gasoline prices by one penny per gallon, she said. She and other Democrats blame President George W. Bush's energy policies for the gasoline price spike.

"A barrel of oil now costs four times more than it did when President Bush took office," Pelosi said. "Two oil men in the White House, cost of oil four times higher. Price at the pump: $4 a gallon."


I think that I would have preferred a gradual adjustment. The fact that this is such a shock to American pocketbooks is not a good thing. But if we take some steps right now to help people make the adjustment, first of all by putting more money in their pockets, but also by encouraging the market to adapt to these new circumstances more rapidly, particularly U.S. automakers

The conclusion - they don't believe drilling for oil is the answer. Is that nuts are what? Since when is increasing the supply not part of the solution. Nothing will change with the Democrats in power

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