Archive for January, 2012
Of course you know that MoveOn is the liberal movement funded by George Soros, so this should come as no surprise…. Comments in italics (and red on some browsers) are by me!
Dear MoveOn member,
Two years ago this week, the Supreme Court ruled in Citizens United that corporations have the constitutional right to spend unlimited money influencing our elections.
I agree that this was a bad move for America, however you’ll note that the libs make no comment about the number one abuser of political contributions, the unions.
Date: January 24, 2012
To: Valero Employees
From: Bill Klesse, Valero
Subject: Keystone XL Pipeline Statement
As you know, the Obama administration decided last week to deny TransCanada’s application to ship crude oil via the Keystone XL pipeline from Canada to the Gulf Coast. Valero has planned to be a shipper and purchaser of that oil since 2008, and obviously we were disappointed in the decision. We issued a statement in response to questions from the media, and I wanted to share it with you in case you get questions from friends or business partners, and so that you would know why Valero supports the Keystone XL pipeline. This is the statement:
Despite the uncertainty and political fighting over the Keystone XL pipeline, Valero has continued to invest in its U.S. refining operation. In 2011 we spent nearly $3 billion on projects, and for 2012 our capital expenditure budget is over $3 billion. These expenditures are keeping our employees on the job and putting additional people to work. To reference two of our refineries, at Port Arthur, Texas, we have 1,600 contractors working on an expansion project, and at St. Charles Parish, Louisiana, we have another 1,000 contractors working on a separate project. We need this kind of economic activity to accelerate to help all Americans.
This illustrates why the federal government’s rejection of the Keystone XL pipeline is so absurd. There are pipelines in every neighborhood all across America. The administration’s decision was not about pipelines, it was about the misguided beliefs that Canadian oil sands development should be stopped and that fossil fuel prices should increase to make alternative energy more attractive. Instead, we should be impressed with how well the oil sands engineering and recovery technology has advanced, and the economic benefits this development brings. Having more oil available in the marketplace has the potential to lower prices for consumers. As an independent refiner, Valero buys all of the oil we process. Due to the administration’s misguided policies, refiners like Valero will have to buy more oil from other sources outside the U.S. and Canada. Consumers will bear the additional shipping cost, not to mention the additional greenhouse gas emissions and political risks.
With all the issues facing our country, it is absolutely unbelievable our federal government says no to a company like TransCanada that is willing to spend over $7 billion and put Americans to work on a pipeline. The administration’s decision throws dirt into the face of our closest ally and largest trading partner.
The point above is that it is not about pipelines as many pipelines cross the Ogallala Aquifer, in the Great Plains region, and, in fact, there is already significant oil and gas production in the area covered by the aquifer. This is politics at its worst.
Thanks for your support.
I’ve spent a lot of time thinking about Obama’s State of the Union address, and continue to come to the same conclusion: he either thinks government solves all or he’s on a deliberate path to destroy the American economy. Now he wants to launch an all out attack on Wall Street. Notice he didn’t mention going after Franklin Raines and other Fannie Mae and Freddie Mac executives. Raines, who walked away with a ninety million dollar bonus after destroying his company and being the prime mover in destroying the American economy. But then, he was Obama’s boy, lily white to use a tongue in cheek analogy. So now, after the American taxpayer spending one hundred sixty million on legal fees on the Fannie and Freddie fiasco, Obama wants to take the time of Congress and spend another hundred or two million to go after Wall Street. As I’ve said many times, there are no angels on Wall Street, and being angels is not the function of that particular spot in the economy. Wall Street is a voracious animal who’ll do whatever they can to make money for themselves and to fund American business. Leave them to their place in the world and go after the root cause, government, who failed to set up proper controls on both those in the private sector, and worse, those in the public trust. Fannie Mae, Freddie Mac, Barney Frank, Harry Reid, are the real culperts. Those in the public trust who trade on inside information, particularly those in government who do so are the real devils in this scenario. Not the private sector. They do exactly what we expect them to do…make money for themselves, and hopefully some of it spills over on their foolish investors and into the American economy. Trust the private sector at your own risk, you should, however, be able to trust the public sector. After all, you pay their salaries and their multi-million dollar bonuses, even after they’ve cratered your 401 and retirement.
FoxConn is the Chinese company who builds much of the electronics in the world. They employ over one million folks, including in many in their factories in the U.S. Foxconn’s largest factory worldwide is in Longhua, Shenzhen, China, and they are under attack by the American press, including the NYT.
Trust me, at 70 years old I would enjoy removing those two front teeth and when fined by the judge would do as my ex-father-in-law once did, say “Your honor, may I pay twice that amount now and save us all some trouble, as I’m going to knock the other teeth out the next time I see the plaintiff outside the courtroom.”
This is now high-fashion in the world’s mosques.