Senate Democrats are lining up- literally, as you will see- to verbally dismember the “Cut, Cap, and Balance” plan recently passed by the House of Representative.
While Republicans see the plan as a responsible means to end the federal government’s rampant overspending, the Senate Democrats are portraying it as a sort of legislative apocalypse. According to them, the plan will end social security, medicare, and America as we know it.
Uploaded by ohioccwdotorg on Jul 20, 2011
On June 8, 2011 the following unfortunate arrest took place in Canton, OH. Notifying the policy when you have a firearm is required by Ohio Law, but when this individual with a thirty-day old license tries to do that he is repeatedly ordered to look away, shut up, or interrupted and “forced” to change what he is speaking about by the actions of an aggressive cop who maintains verbal control of the situation.
A two man car dealing with three people put itself at risk when one officer started what appears to be an illegal search of the rear of the car without extracting or securing the driver – which would have given him an opportunity to notify.
What follows is horrific example of a police officer losing all self-control, threatening to beat the female, threatening to beat the driver and eventually saying he should have executed him “and wouldn’t have lost any sleep over it” that night.
By: Andrew Smolski of OilPrice.com
Petroleos Mexicanos (PEMEX) is the state-owned oil company (and natural gas) of México, which since the 90’s has been discussed for privatization like many other state-owned companies in México. The policy of privatization is sometimes called liberalizing the company, however many aspects of privatization need to be taken into consideration when discussing such a lucrative portion of the federal budget for México. PEMEX has 41 divisions, and is a source of Mexican sovereignty, and any talk of privatization will not happen without a strong fight, not only from the left, but also Mexican nationalists who see it as a source of pride. This article will attempt to give a brief summary of these considerations and bring forth an argument on what will happen in the future of PEMEX and its worth for investors.
According to the Mexican constitution (Article 27) all subsurface minerals are the property of the Mexican government, and not the people who own the land where these minerals are found. This has led to 1/3rd of the federal budget being derived from the fossil fuels found and produced in México, and accounting for 10% of all export earnings for the country. However, over the past 5 years the amount of barrels per day being produced has been declining, mostly due to the difficulty that surrounds new oil exploration, the need for more advanced technology and risk taking investment. With the need for investment and most of the profit utilized as expenditures in the federal budget, PEMEX lacks the resources necessary to continue to produce optimally and also to reach its goal of 600,000 barrels of crude per day by 2021.
None of this means that there is no longer oil in México, with one set of fields, Chicontepec, having an estimated 9 billion barrels of oil if proper investment and technology existed. Instead, since the 90’s the problem has been the obstacles to liberalize the company, with some parts almost being liberalized (such as PEMEX Petroquímica) when the plans were met with a popular backlash, typically from the union movement. $2 billion of assets in PEMEX were sold off, but this is quite meager in comparison to its size of $80.6 billion in revenue. PEMEX has around 140,000 employees, which means it has a large and relatively powerful union, but that has come under attack as of late. It should also be taken into consideration that there are approximately 70,000 retired workers with a pension fund worth about 1,700,000,000 pesos ($145,299,145 dollars). With this sort of money, no one is going down without a fight, and on top of that in 2012 an election is coming with a resurgent Partido Revolucionario Institucional (PRI), who will be seeking the support of the PEMEX union in order to win the presidency.
This does not mean that PRI will not attempt to privatize or liberalize PEMEX, as it has tried before. The before mentioned example of PEMEX Petroquímica happened during the PRI years. But, the resurgence of PRI has led to worries by the US, who sees PRI as wanting to reattempt a recentralization program. Therefore in order to build support, PRI be in a position to maintain PEMEX as a state-owned company. Especially, when the Mexican Constitution (Article 27) give all rights to subsurface minerals to the governments, as well as (Article 28) prohibits any private driller from reaping profits from oil begotten from Mexican land. So, if privatization was to go forward, it would mean that Constitutional referendums would have to be passed with a larger majority then it seems like any political party would like to admit (except the PRD who vehemently oppose any form of privatization or liberalization). Therefore, the closest that liberalization or privatization of PEMEX has come is the utilization of sub-contracting, which is a form of going around the laws to utilize outside companies and investors, such as Halliburton.
The dilapidated condition of PEMEX production factories makes them sell their crude oil to US companies who then refine it and sell it back to México. It has not built new factories since the 70’s, and for being a crown jewel and representation of Mexican sovereignty, the government has looked as if it has wanted to sell it off for quite sometime. Even in 2006 when PEMEX had looked to have turned a corner, it went directly back into its decline, due to lack of reinvestment on the part of the company. PRD party member AMLO (Andres Manuel Lopez Obrador) has called this a “starving the beast” tactic, and whether people are against it or for it, it has been working in order to make PEMEX have to rely upon outside aid and resources in order to continue production.
México does have a history of nationalizing industries after the 1911 revolution, but this does not seem to be its history starting from the 90’s (or even 80’s) with a slow creep towards privatization of large state-owned monopolies. With a starved and deprived PEMEX, a union being busted, and a political climate focused more on the drug war, this might be the perfect time for PRI or PAN to pass what they have tried to for 20 years. However, the Mexican people are quite intelligent, and do not have amnesia, they remember the pesos crisis in ’94 because of foreign capital flight, and hopes and dreams built on foreigners have never brought their strongest support.
By: Andrew Smolski of OilPrice.com
Hat Tip: Nancy Jacques
Do you realize our country, the country many of us loved, and were willing to lay down our lives for, is no more? Don’t despair my fellow refugees and citizens of our beloved former America, but please do come to terms with the fact that our country was ill and dying for decades and it has now ceased to exist as we once knew it.
Nevertheless, this is not intended as an essay of gloom, but as a signpost denoting the reality of where we are, and an ensign for some, of the second American Revolution that has already begun without them. During its lifespan, the United States had forty and four men who called themselves President, but history likely will record the official number as forty-three, with George W. Bush as its last, and among the worst in the first dispensation of American independence.
John Adams loved the spirit of revolution inspired by Thomas Paine’s pamphlet, Common Sense, but he also bemoaned at length the “leveling spirit” of unbridled democracy. Adams correctly believed, there was no good government that was not a Republic. He felt there was not yet sufficient civic virtue in the colonies to support a Republic, and so he counseled against immediate abandonment of the accepted property-based franchise in determining a right to vote.
Adams was concerned that every man without a farthing would eventually, “demand an equal voice in all the acts of state.” Even though his lament included women and children voting, his point was clear considering the times, that only those who had the wherewithal to think and act rationally should be allowed to vote. Otherwise we would suffer a democratic legislature that would use “the will of the people” to enforce tyranny…which is precisely where we are today.
To a point, Adams had been somewhat conservative in his approach to independence compared to his more radical contemporaries. He was home in Braintree when he heard news of British troops firing on the Minutemen at Lexington, and at that instant, John Adams ceased to be a disgruntled subject of the King…but rather, he and many others, were instantly transformed by that act of aggression, into 100% red-blooded Americans.
In early March of 1775, American and British cannons roared at the Siege of Boston, rattling windows in Braintree some twelve miles away. John Adams’ wife Abigail and their children were in Braintree, where she wrote to her husband, “Cannon continued firing and my heart kept pace with them all night.” Adams had left his cherished wife and children to fend for themselves, and his once prestigious law practice had vanished in his absence. What was it that drove the “Host of Worthies,” as Jefferson called them fifty years later, to such extreme action?
While Southern aristocrats called for peace, and insisted that British commissioners were on their way to reconcile with the colonies, Adams dismissed such hope as an “airy fairy,” and pushed for escalation of the war. In May, Adams wrote Abigail and told her Great Britain had, “at last driven America to the last step, a complete separation from her.” He said there is, “something unnatural and extremely odious in a government 1000 leagues off. A whole government of our own choice, managed by Persons whom We love, revere and can confide in, has charms in it, for which Men will fight.”
And there it is…good government for which men will fight, and the odiousness of a government 1000 leagues off. How far off are the puppet masters pulling the strings of the usurper in the White House and our deaf representatives from both political parities? We have come full circle…we are again but a collection of colonies wanting representation, but not getting it, needing protection from a foreign invasion, but having the invasion aided by those who should, but do not protect our borders.
Our national seat of government is under siege, our country is in dire straits, and we are without a pulse of representation, but the nation’s lifeblood is in her people, and the nation’s heart beats within our own breasts where the Constitution is indelibly written…and there is where it lives on, not in Washington. The first dispensation of American independence took a deadly detour under FDR, and has just recently passed away from the affliction.
It is now up to us to insure that the invading government run by the tyranny of democratic mob rule does not stand, but that a Republic rededicated to the rule of law and limited by our Constitution, shall not perish from the earth. Restoring America and American liberty will require a complete rejection of the illegal presidency of the Obama administration, and a complete removal of both houses of Congress, but it can be done.
John Adams returned to Boston the morning after the Boston Tea Party. He wrote in his diary, “Last night, 3 Cargoes of Bohea Tea were emptied into the Sea. This morning a Man of War sails. This is the most magnificent Movement of all. There is a Dignity, a Majesty, a Sublimity in this last Effort of the Patriots that I greatly admire. This Destruction of the Tea is so bold, so daring, so firm, intrepid, & inflexible, and it must have so important Consequences and so lasting, that I cannot but consider it as an Epocha in History…The Question is whether the Destruction of this Tea was necessary? I apprehend it was absolutely and indispensably so.”