By Art Smith. Posted Wednesday, Oct 1, 2008 at 9:38 pm Filed Under: 2008 Congressional Election, 2008 Presidential Election, Bipartisanship, Economy, Energy, Featured, Iowa, Markets, Recession, US Congress, US Treasury
Our US Senators have approved a version of the $700 Billion Bail-out Bill that provides some new features:
New tax breaks for businesses
Raising the FDIC deposit insurance limit from $100,000 to $250,000
Normally, I am all about tax breaks for businesses. I think that is one of the best ways to stimulate growth.
And without a doubt, raising [...]
By Art Smith. Posted Tuesday, Sep 9, 2008 at 5:00 am Filed Under: 2008 Congressional Election, ANWR, Accountability, Chuck Grassley, Democrats, Drill Baby Drill, Economy, Energy, Featured, Foreign Oil, If you won't vote for us we won't vote for you, Leonard Boswell, Nancy Pelosi, Tom Harkin, US Congress
Crude oil dropped to $105/bbl Monday, down $1.26. After hours the price continued to fall, as of midnight it was hanging around $102/bbl.
Since hitting it’s high at 147.27 on July 11 (that’s still less than 2 months ago), the price has fallen almost 30%. According to most Democrats, this would only be possible if actual [...]
The price of crude is hovering around $115 / bbl. At this point, I suspect it won’t make much motion, especially not downward, until some real action is finally taken by Congress to open up drilling. I agree with the refrain of Republicans to do “all of the above”, that is, work the alternative energy [...]
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