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Republicans' Ace in the Hole: Simpson-Bowles?

debir Wrote: Dec 01, 2012 6:17 AM

And they'll convert this power into a new kind of American socialism. Just like Hugo Chavez has done with Venezuela's oil riches. Obama will take America's natural bounty, convert it into a giant political slush fund. Soon, you'll see the crowds out cheering for him, demanding a 3rd term. It's Not A ? Of If, But How Soon ? The 1st thing you have to realize about this shale development is the sheer size of the trend. G-Sachs is predicting the USA will be the leading producer of oil in the world by 2017. It sees American oil production reaching 10.9 million barrels a day by 2017. That's more production than Russia, Saudi Arabia. US production at those rates would eclipse the 1970's 10-mln-bp-day all-time high daily production in the US !

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Republicans' Ace in the Hole: Simpson-Bowles?

Democrats appear to have the upper hand on the politics of the fiscal cliff, which might explain their brash pronouncements and mind-blowing conceptualization of "compromise." This morning I outlined three possible contingencies for Republicans, none of which is especially attractive. But is there a fourth way? The GOP's dilemma is a doozy. Their opponents, emboldened by the election, are pushing for counter-productive tax hikes on "the rich" -- a politically popular...