US Monthly Treasury Statement

No offense, but I guess you weren't paying attention when Obama INCREASED the number of drilling leases and our dependence on foreign oil hit the LOWEST point in 15 years. If people would stop drinking the Republican Kool-Aid for a minute, they'd realize that the increase in the price of oil has more to do with demand from China and India and speculators who drive up the price without ever taking delivery of a single barrel than anything the President can do. Don't be so quick to scapegoat the President just because you don't have all the facts.

The stoppage of the Keystone pipeline was not political interference. It was the GOP shooting itself in the foot. The house redumblicans deliberately tried force it through by passing legislation requiring the president to approve/disapprove by a given date long before the EPA reports were due in. Instead of giving in to their stupid grandstanding, he pulled a Cartman ("Screw you guys, I'm going home.") Besides, that pipeline isn't going to bring US any oil. It's going to EXPORT it. Why do you think it goes all the way to the Gulf instead of to the major refineries in Texas and Oklahoma?
As far as Mr. Chu is concerned, I don't know what he is or isn't an advocate for. But, he's got nothing to do with the Volt. And, if you want to discuss your so-called "Czar based policy implementation", go back to "Brainless George". He doubled the number of "Czar" positions, and nobody said a word. The jobs that have been exported to China are the result of a deliberate lobbying campaign to produce a favorable tax structure for just that purpose. The Chamber of Commerce has been waging "class warfare" for 30 years in an attempt to destroy the unions and reduce wages. Doesn't anybody watch C-SPAN anymore? Jeez.

Finally! Something we agree on! LOL! But, alas. I'm still forever the optimist. I'm hoping that the recent news of several companies bringing manufacturing jobs back to the U.S. will spark enough patriotic fervor to become a trend. I'm not holding my breath, mind you. But, it is hard to type with my fingers crossed.

Absolutely no way going forward will Bernanke be able to raise the cost of borrowing to the US government.

Until the US unleashes its energy resources these budget deficits will go on and on. That remains a massive political problem. If there is movement in the US to allow the energy Giant that it is come into play, then the US budget deficits will come to an end. That day still resides in the future. Maybe not until the next President gets sworn in.

It would be nice if the president was not taking action as an election year ploy.
However his Energy Sec. Mr.Chu has been aggresively pushing for the US to pay comparable energy costs as Europe. The greens have their agenda and Mr. Chu has been a strong advocate for them.
The Volt is an example of this kind of Czar based policy implementation.

The stoppage of the Keystone pipline is another example of political inteference in a process that has been several years in the planning stage. But then again Canada can always sell the oil to China and jobs can go to China rather then the US as a result.

But koolaid can be spiked with many things.

The numbers say the US government has a huge deficit problem. It will be financed by borrowing on the open market. The economic crisis in Europe has caused money to flee Europe and end up in US treasuries. This has cushioned the market and supplied available funds.

Any shortfalls in the ability of the US government to finance spending will by necessity have to be financed via Federal Reserve purchase (printing) otherwise interest rates will be forced to rise. A rise in interest rates will kill off any recovery and also raise the US deficit as a rather robust portion of the deficit is paying interest on the already borrowed National Debt.

Excuse my laziness, but did you say Ol'Ben is going to print more dollars?

In the meantime just keep having Mr. Bernanke print away those deficits rather then deal with the runaway costs of the Welfare state.