The Observation Deck

Is the auto rescue plan a success? GM is making a profit now and they're paying the money back.

Please cite a credible source that says Obama has shut down all offshore oil wells and drilling.

Just to be clear, I have proved none of your points Stephan. I'm not entirely sure what point you are trying to prove. Obama stinks because he's just president of you and he's not doing everything the way you want according to your schedule? Is that the point? Because I think you're in for a world of disappointment. How much have you accomplished in the past two years? Was it everything you thought you would? Were there no surprises? No events or people working against you are maybe causing you to rethink your goals or change your plans? Give me a break.

Ellen Cormier wrote:Is the auto rescue plan a success? GM is making a profit now and they're paying the money back.

http://abcnewsradioonline.com/business-news/us-government-planning-quick-sale-of-gm-stake.html
The US government owns 500 million of shares of stock in GM. For the government to break even, the stock must be at $53 per share when they sell.
It closed at $32.20 on Friday.
$53 * 500,000,000 = $26,500,000,000
$32.20 * 500,000,000 = $16,100,000,000

Just over $10 billion lost on the deal. Is that a success?

Ellen Cormier wrote:Please cite a credible source that says Obama has shut down all offshore oil wells and drilling.

Ahhh, that's not what Stephen said. He never mentioned shutting down the wells.
stopping offshore and domestic drilling

There are existing wells which are still pumping oil. There are no new permits for new drilling for American companies.

http://online.wsj.com/article/SB10001424052748703789104576273300797769750.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsSecond

HOUSTON—One year after the BP PLC oil spill, Gulf of Mexico energy output is beginning to show the impact of the Obama administration's 10-month freeze on deep-water drilling.

Offshore oil production, most of which comes from the Gulf, is expected to average 1.55 million barrels a day this year, down 13% from 2010, according to the U.S. Energy Information Administration.

http://www.investors.com/NewsAndAnalysis/Article/566719/201103211908/Obama-Drill-Brazil-Drill.aspx
Meanwhile, apparently is perfectly fine if Brazil drills in the Gulf of Mexico. $2 billion of our tax dollars were given...sorry, lent to Brazil's Petrobras (state-run) so they could employee Brazillians and we could eventually import the oil from them.

Roy yes you are very observant! I know he did not say Obama shut down producing wells but clearly that's what would need to happen to have some effect on prices at the pump and it was what Stephan implied but did not say directly. And Obama did not make a sweeping moratorium against all new drilling in the gulf as many groups urged him to do. A 13 percent drop in domestic production is not going to generate a big jump in gas prices. Clearly something else is going on. And drilling moratoriums have been a factor for many many years. Obama is hardly the first or last to issue them. For the most part it seems he's just continuing ones already in effect.

Bottom line is we absolutely do not need another deep water drilling rig disaster! You really think that can't happen again? Really? You think we've even recovered from that disaster a year ago? Absolutely not! this massive oil dependence needs to be addressed by other means than more drilling. If conservatives can't see that there's just not a lot of reason to keep this country going. Shut it down, sell it off and we can just scatter to other places on the globe where people think rationally.

On the auto industry, saving it is crucial to national security. If there is some sort of global crisis and all our manufacturing is in shambles we are absolutely screwed. There's no bones about it. Any conservative should recognize how import the capacity to manufacture is if say there was some major meltdown on the other side of the world and all or some supply channels were cut.

And frankly I think it has made a remarkable comeback in a short time so I think it's important to be a bit patient on this issue.

Ellen Cormier wrote:Just to be clear, I have proved none of your points Stephan. I'm not entirely sure what point you are trying to prove. Obama stinks because he's just president of you and he's not doing everything the way you want according to your schedule? Is that the point? Because I think you're in for a world of disappointment. How much have you accomplished in the past two years? Was it everything you thought you would? Were there no surprises? No events or people working against you are maybe causing you to rethink your goals or change your plans? Give me a break.

My point, Obama was very naive in making campaign promises that he could never keep.



another NSF check from the chosen one

Obama doesn't equal Bush, Obama actually killed Bin Laden. Just sayin'...Mission Accomplished.

Bryan Schwegler wrote:Obama doesn't equal Bush, Obama actually killed Bin Laden. Just sayin'...Mission Accomplished.

Giving Obama credit for Bin Laden's death is like giving credit to the paint maker for the Picasso... Note, he did not deviate from Bush's plan in Iraq or the War on Terror..

Stephen Eisel wrote:Note, he did not deviate from Bush's plan in Iraq or the War on Terror..

You're joking right? Bush would still have us fully deployed in Iraq right now. And I dare say probably in the middle of a full-scale invasion into Libya.

Bryan Schwegler wrote:

Stephen Eisel wrote:Note, he did not deviate from Bush's plan in Iraq or the War on Terror..

You're joking right? Bush would still have us fully deployed in Iraq right now. And I dare say probably in the middle of a full-scale invasion into Libya.

Probably is not a reality.. Put down the Obama Kool-Aid and face your hangover Obviously, the Surged work and since the Surge the number of attacks in Iraq have decreased by 85%.

Bryan Schwegler wrote:Obama doesn't equal Bush, Obama actually killed Bin Laden. Just sayin'...Mission Accomplished.

It is being reported that a detainee at Gitmo was waterboarded for the info that lead to Usma's location...

Bryan Schwegler wrote:Obama doesn't equal Bush, Obama actually killed Bin Laden. Just sayin'...Mission Accomplished.

Actually, if Obama and the libtards had it there way, bin Laden never would have been caught.. Kudos to George Bush.. I want people like Bush on that wall

http://online.wsj.com/article/SB1000142 ... 06348.html

But policies put in place by the very administration that presided over this splendid success promise fewer such successes in the future. Those policies make it unlikely that we'll be able to get information from those whose identities are disclosed by the material seized from bin Laden. The administration also hounds our intelligence gatherers in ways that can only demoralize them.

Consider how the intelligence that led to bin Laden came to hand. It began with a disclosure from Khalid Sheikh Mohammed (KSM), who broke like a dam under the pressure of harsh interrogation techniques that included waterboarding. He loosed a torrent of information—including eventually the nickname of a trusted courier of bin Laden.