Tuesday, March 13, 2012

OBOF SS & MORE PART 32


WELCOME TO OPINIONS  BASED  ON FACTS (OBOF)



Name
Published
OVERVIEW
Dec. 28, 2010
SOCIAL SECURITY PART 1
Dec. 30, 2010
SOCIAL SECURITY PART 2
Jan. 10, 2011
SOCIAL SECURITY PART 3
Jan. 17, 2011
SOCIAL SECURITY PART 4
Jan. 24, 2011
SOCIAL SECURITY PART 5
Jan. 31, 2011
!!SOCIAL SECURITY PART 6
Feb. 07, 2011
SOCIAL SECURITY PART 7
Feb. 14, 2011
SPECIAL ISSUE
Feb. 18, 2011
 SOCIAL SECURITY PART 8
Feb. 21, 2011
SOCIAL SECURITY PART 9
Mar. 01, 2011
SOCIAL SECURITY PART 10
Mar. 07, 2011
SS & MORE PART 1
Mar. 14, 2011
SS & MORE PART 1A
Mar. 21, 2011
SS & MORE PART 2
Mar. 25, 2011
SS & MORE PART 3
 Mar. 29, 2011
SS & MORE PART 4
 Apr. 04, 2011
SS & MORE PART 5
 Apr. 11, 2011
SS & MORE PART 6
 Apr. 18, 2011
SS & MORE PART 7
 Apr. 25, 2011
SS & MORE PART 7A     
 Apr. 29, 2011
SS & MORE PART 8
 May 02, 2011
SS & MORE PART 9
 May 09, 2011
 SS & MORE PART 10
 May 16, 2011
SS & MORE PART 11
 May 24, 2011
SS & MORE PART 12
 Jun. 06, 2011
SS & MORE PART 13
 Jun. 20, 2011
SS & MORE PART 14
July  05, 2011
SS & MORE PART 14A
July  18, 2011
SS & MORE PART 15
July  19, 2011
SS & MORE PART 16
Aug. 03, 2011
SS & MORE PART 17
Aug. 15, 2011
SS & MORE PART 18
Aug. 29, 2011
SS & MORE PART 19
Sept. 12, 2011
SS & MORE PART 20
Sept. 26, 2011
SS & MORE PART 21
Oct.   10, 2011
SS & MORE PART 22
Oct.   24, 2011
SS & MORE PART 22 EXTRA
Nov.  04, 2011
SS & MORE PART 23
Nov.  07, 2011
SS & MORE PART 24
Nov.  21, 2011
SS & MORE PART 25
Dec.  05, 2011
SS & MORE PART 26
Dec.  19, 2011
SS & MORE PART 27
JAN.  03, 2012
SS & MORE PART 27A
JAN.  05, 2012
SS & MORE PART 28
JAN.  17, 2012
SS & MORE PART 29
JAN.  31, 2012
SS & MORE PART 30
 Feb.  14, 2012
SS & MORE PART CL1
 Feb.  21, 2012
SS & MORE PART 30 EXTRA
 Feb.  23, 2012
SS & MORE PART 31
 Feb.  28, 2012
SS & MORE PART CL2 - 59
 Mar.  06, 2012
SS & MORE PART 31 EXTRA
 Mar.  07, 2012
SS & MORE PART 32
 Mar.  13, 2012





IN  THIS  ISSUE



1.  A minute about OBOF.

2.  Concern about the future.

3.  "THE FAB GROUP."

4.  Senator Olympia Snowe.

5.  Stop oil speculation.

6.  The Keystone XL - Flim - Flam.

7.  A parting thought.


A MINUTE ABOUT OBOF



I would like to talk just a minute about "Opinions Based On Facts."  The important part of that statement is the word "Facts," or is it?  Maybe it is the word "Opinions."  Which comes first the chicken or the egg?  My point is that both are so important and I guess the word "Opinions" comes first because I have to use my opinion to determine what is facts.  I want to tell you that isn't easy.



Both, the Republicans and the Democrats make statements that they claim are facts, yet it isn't possible for each to be facts as one contradicts the other.  SO HOW DO YOU DETERMINE WHAT IS REALLY FACTS?



I guess it boils down to who you have confidence in and what makes common sense.  Well, that doesn't get us very far down the road, because now you have to say, how do you determine who you have confidence in and common sense can mean different things to different people. 



So far, this just sets up the problem I face, every time I go to put together an issue of OBOF.  What about the answer?



I think we all develop our confidence in a matter or person based on our past experience with it or them.  That's what I do.  When I see a headline that grabs me, the next thing I look at is, who wrote this?  If it's by someone I know from past writings and how accurate they have been in the past, I read on. 



If it is someone new to me, I probably start reading it to the next test, does it make common sense?  After that, I try to see if anyone else has written about the same subject, and if so, I compare the two.  If they don't agree, and I don't really know either one from the past, I probably drop it altogether.  In some cases, depending on the subject, I may even try to get a third

comparison. 



What is my point in telling you all this?  It is to try and gain your confidence in what I put together and what I write.  I will admit I am a Democrat, but I try hard to have an open mind.  I admit that I put together items that have a Democratic slant, but I DON'T MAKE UP STATEMENTS JUST TO MAKE IT SOUND GOOD FOR DEMOCRATS.  THE DAY I HAVE TO DO THAT, IS THE DAY I STOP.  I am human, and I can make mistakes, just like anyone, but I try hard not to. 



I RESPECT THE TIME YOU GIVE ME WHEN YOU READ MY BLOG AND I WANT TO BE WORTHY OF THAT TIME.



~~~



CONCERN  ABOUT  THE  FUTURE


The next eight (8) months are going to be some of the most important months in the 21st Century , that our nation will face.



The hit indicator on my blog tells me that there are an average of about 200 of you, that read my postings regularly.  That is great, but with the work that has to be done to combat the millions and billions of dollars that will be at the disposal of all the Republican candidates, we need many more people learning the truth.



They need to know more about the President and the things he tries to accomplish.  They need to know why he doesn't get many things done, that would be good for our country and our people, but he gets stopped by Republican parliamentary manipulations.



I am going to try harder to trace down the truth and facts that we all need to know.  I am going to print more EXTRAS, as developments occur that need to get to you. 



NOW, I am going to ask you, 200, to help all of us to get the President re-elected, get the House of Representatives back, and get a filibuster proof Senate elected.



You can do this by talking to friends, associates, groups you may belong to and tell them what you know, tell them about OBOF, and why we must not let our elections be BOUGHT AND PAID FOR BY THE 1%ERS.



  If you would talk to even just one person and they would talk to one that would move our 200 to 600, and who knows how many more.   



I beg of you, this is a pivoting point for our country and we all have to work hard, during the next 8 months, to save this wonderful country.  Don't let up!!  Our fight is just now starting. 



~~~

"THE FAB  GROUP"

What is "THE FAB GROUP?"  Very simply, it is a group of short news items that provide more varied amounts of news, which I think we all will be interested in, without long detailed commentary.  More news - less reading.



Why "FAB?"  My name is Floyd Austin Bowman -  (FAB), and these are a group of items that I have chosen, thus "THE FAB GROUP,"  pronounced "FAB."



At this time, it is my plan to open each posting with "THE FAB GROUP,"  followed with two or three full articles, ending with the "PARTING THOUGHT."  This could vary from time to time, depending on what develops, but we'll try this and see if it can make the postings more interesting and informing for you.      





GE TAXES

   2010 - $0 , 2011 - 11.3%

TEN  YEARS  2.3%





General Electric, one of the nation’s largest corporations, found itself at the center of the corporate tax debate last year when the New York Times discovered that it paid nothing in taxes, despite billions of dollars in profits. GE responded to the outcry by promising that its 2011 rate was “slated to return to more normal levels” because of the recovery of GE Capital, its financial arm.



But according to an analysis from Citizens for Tax Justice, the company’s 2011 effective tax rate was just 11.3 percent. Even worse, over a 10-year period from 2002-2011, the company paid $1.9 billion in taxes on $81.2 billion in profits, giving it an effective tax rate of just 2.3 percent for the decade:



DISGRACE  TO THE  NATION.



March 2, 2012, Referring to Ms. Sandra Fluke, Bill O'Riley said that he didn't want his tax dollars going to fund her sex life.  This is an outrageous statement, when you think about it - Why?  Because, his tax dollars go to fund men's sex life, when they pay for medicine to improve a man's erection.  How outlandish is that?  Besides, in the case of Sandra Fluke her contraception is for medical reasons to prevent cists growing on her ovaries.



BUT THE MOST OUTRAGEOUS IS



Rush Limbaugh, who, has really put his foot in his mouth this time.  Three days in a row, he has described Ms. Fluke as a slut and a prostitute.  It has gotten so bad that four of his sponsors have withdrawn their support and four more are looking into it.  In addition, it has been so offensive to the nation that the President called Ms. Fluke and told her, among other things, that her parents should be proud of her.



Since the above was written there have been 90+ sponsors that have withdrawn their support of his program and a number of stations have dropped his show altogether.  As of 3-12-12 there are some major station in New York and Chicago that are seriously thinking about dropping his show.  I don't think this is going to go away anytime soon.  This may be a revolution as to talk radio



Will  DeMarco  Hear  the  Drumbeat?




Bill Scher, Op-Ed:



(READ "OBOF PART 31 EXTRA" TO KNOW

 WHAT GOOD NEWS THIS IS).





 “From progressive activists to mortgage bankers to Wall Street traders, the drumbeat is getting louder and louder for Federal Housing Finance Agency Acting Director Edward DeMarco to end his resistance and act to end the housing crisis by allowing principal to be reduced for struggling homeowners with Fannie Mae and Freddie Mac mortgages.”





WHY  WE  HAVE  TO  GET  THE 

TRUE  STORY  OUT.





Here is the reason, the last two articles below are so important.  The President has little, he can do about the gas prices, as will be clearly set forth in the last two articles. 



Rising gas prices—and GOP attacks centered around them—have delivered a blow to President Obama's approval rating, a new poll out Monday suggests.

The Washington Post/ABC News survey found that nearly two-thirds of Americans say they are unhappy with how the President has handled gas prices.  The same poll found that more Americans now disapprove of Obama's overall job performance than approve for the first time since this past November.





THE END OF "THE FAB GROUP."



~~~



Senator Olympia Snowe

(R) Maine - Re-election -NO.



Who can blame Olympia Snowe for giving up on the U.S. Senate?

It has become a dysfunctional institution, infected by the same virulent partisanship that long ago claimed the House, hamstrung by rules that elevate petty politics over policy and stripped of the reasoned debate and thoughtful compromise that once characterized its work. Because filibusters now threaten most bills, it takes 60 votes, not a simple majority, to pass even innocuous legislation.

Snowe told MSNBC last week that it's "very, very difficult to resolve major issues" in Congress, describing the two political parties as "working in a parallel universe with competing proposals."

It is fashionable among reporters and ostensibly non-partisan observers to parcel out blame for this depressing state of affairs equally among Democrats and Republicans, but that's simply not accurate. Most of the blame for the current state of affairs in the Senate -- as you've figured out if you've been watching the Republican primary campaign -- belongs with a GOP that has become increasingly obstreperous even as it becomes increasingly unmoored from reality.

The Republican Party has been taken over by a right-wing faction that champions ideological purity over compromise and bellicose rhetoric over measured consideration. That left Snowe, a GOP moderate, who understood that governance requires give-and-take, increasingly isolated within her own party.

A longtime supporter of women's reproductive health care, Snowe is now the very rare Republican lawmaker who supports abortion rights, for example.  That stance makes her an easy target for ultraconservatives, since social issues have suddenly resurfaced as central to party politics.

The New York Times reports that tea party activists jeered at the mention of the senator's name during Republican caucuses last month.  It's no wonder that she announced last week, that she will not seek re-election.  (Rush Limbaugh, don of the bellicose faction, described her departure as "no big deal.")

If you are still clinging to the view that the two major parties are equally to blame for the current state of politics, consider this: Harry Reid, Senate majority leader, is a pro-life Mormon.  In other words, the Dems selected as their Senate leader, a man who disagrees with the party's official policy on reproductive rights. Republicans would sooner lose every seat in the Senate than hand their leadership post to a pro-choicer.

Political scientists confirm that the Republican Party has moved much further to the right, than the Democratic Party has moved to the left.  Yale professor Jacob Hacker, author of the 2006 book "Off Center," said that since 1975, "Senate Republicans moved roughly twice as far to the right as Senate Democrats moved to the left," according to New Yorker writer Ryan Lizza, who quoted Hacker in a January article.

Lizza also quoted a soon-to-be-published book, "It's Even Worse Than It Looks," by well-known Washington political observers Thomas Mann, of the centrist Brookings Institution, and Norman Ornstein, of the conservative American Enterprise Institute. According to Lizza, they write: "One of our two major parties, the Republicans, has become an insurgent outlier -- ideologically extreme, contemptuous of the inherited social and economic policy regime, scornful of compromise, unpersuaded by conventional understanding of facts, evidence and science, and dismissive of the legitimacy of its political opposition."

That pretty much sums it up.  Listening to his party's presidential candidates, even Jeb Bush, scion of the reigning GOP dynasty, recoils from the extremist rhetoric.

After a speech in Dallas last month, Bush was asked about the Republican debates.  According to Fox News, he said:

"I used to be a conservative, and I watch these debates and I'm wondering, I don't think I've changed, but it's a little troubling sometimes when people are appealing to people's fears and emotion, rather than trying to get them to look over the horizon for a broader perspective."

Snowe would echo much of that.

(Cynthia Tucker, winner of the 2007 Pulitzer Prize for commentary, is a visiting professor at the University of Georgia. She can be reached at cynthia@cynthiatucker.com.)

~~~



Stop Oil Speculation





Almost everyone blames President Obama for the high gas prices.  The following article explains where the real problem is and it is one that has been behind these gas prices for many years.  Due to manipulation, it is hard to say what exactly causes the hold up of regulation enforcement.  However, to my knowledge, the first hold up, after regulations were passed, was when the Republicans, in House, held up funding for enforcement.  After that, some Republicans on the Commission were able to hold up enforcement.  All of this has brought about the letter, referred to in the article. 







Sen. Bernie Sanders and 69 other members of Congress say federal regulators should curb speculation in crude oil markets which has artificially pushed up gasoline prices to nearly $4 a gallon.



The lawmakers - 23 senators and 47 members of the House - said Monday in a letter to the Commodity Futures Trading Commission that the regulators must stop Wall Street futures traders from dominating the oil market.  The commission has flouted a provision in the 2010 Wall Street reform law that required regulators to put tough new trading limits in place by Jan. 17, 2011.  "We are disappointed that, more than a year later, the commission has not fulfilled this important regulatory duty," the letter said. 



"It is one of your primary duties - indeed, perhaps your most important - to ensure that the prices Americans pay for gasoline and heating oil are fair, and that the markets operate free from fraud, abuse, and manipulation," the lawmakers added.



They stressed that gasoline pump prices are up despite high supplies and low demand. According to the Energy Information Administration, the supply of oil and gasoline is greater today than it was three years ago, when the national average price for a gallon of gasoline was just $1.90.  Today, the national average is more than $3.70 a gallon, at a time when the demand for oil in the U.S. is at its lowest level since April of 1997. 



There is a growing consensus that speculators are to blame. Exxon Mobil, the Saudi Arabian government, the American Trucking Association, Delta Airlines, the Petroleum Marketers Association of America and the Federal Reserve Bank of St. Louis all say excessive oil speculation significantly increases oil and gasoline prices. Citing a recent report from the investment bank Goldman Sachs, a Feb. 27, 2012, article in Forbes said excessive oil speculation adds $.56 to the price of  a gallon of gas.



"As the cost for American people to fill their gas tanks continues to skyrocket, the CFTC continues to drag its feet on imposing strict speculation limits to eliminate, prevent, or diminish excessive oil speculation," the members of Congress told the commissioners.



"We urge you to take immediate action to impose strong and meaningful position limits, and to utilize all authorities available to you to make sure that the price of oil and gasoline reflects the fundamentals of supply and demand."



After this article, the next is an absolute must read.



~~~

The Keystone XL Flim-Flam




Wed, 02/29/2012

                            

For Rep. Allen West, the skyrocketing price of gasoline is not just a policy matter, it's a personal pocketbook issue.  The Florida tea-party Republican (who, of course, blames President Obama for the increase) recently posted a message on Facebook wailing that it's now costing him $70 to fill his Hummer H3.

It's hard to feel the pain of a whining, $174,000-a-year congress-critter, but millions of regular Americans really are feeling pain at the pump -- especially truck drivers, cabbies, farmer, commuters and others whose livelihoods are tethered to the whims of Big Oil.  It's an especially cynical political stunt, then, for congressional Republicans, GOP presidential wannabes and a chorus of right-wing mouthpieces to use gas price pain as a whip for lashing out at Obama's January decision to reject the infamous Keystone XL pipeline.

This friendly Canadian corporation, they cried, would send 700,000 barrels of "tar sands crude" oil per day through the 2,000-mile-long pipeline that it would build from Alberta, Canada, to Texas refineries on the Gulf Coast. "Less dependence on OPEC," they chant like a mantra, "more gasoline for America, lower prices for consumers."  What's not to like?

Well, aside from inevitable environmental damage from pipeline leaks, and the fact that this foreign-owned corporation would use the autocratic power of eminent domain to take land from unwilling sellers along the 2,000 mile route, here's something not to like: The gasoline and diesel that would be made from this Canadian crude would not go to American gas pumps, but to foreign markets.

The dirty little secret that those pushing so urgently for building Keystone XL don't want you to know is that the tar sands oil producers are in cahoots with Texas refineries to move the product onto the lucrative global export market, selling it to buyers in Europe, Latin America and China -- not to you and me. The pipeline and the toxic crude it'll carry across six states would do absolutely nothing to shave even a penny off of the price we pay at the pump.

Already, U.S. refineries are exporting records amounts of the gasoline they make.  For the first time in 62 years, America is now a net petroleum exporter.  Valero Energy Corp., the largest U.S. exporter of refined petroleum products, is a major lobbyist for Keystone XL.  Along with Motiva (an oil refiner jointly owned by Shell and Saudi Aramco) and Total (a French refinery), Valero has signed secret, long-term contracts with Keystone's owner (TransCanada Corp.) and several tar sands oil producers to bring this crude to Port Arthur, Texas.  All three have upgraded their refineries there to process diesel for export.



READ THESE LAST THREE PARAGRAPHS TWICE.  THIS SETS UP THE REAL RESULT OF THE KEYSTONE XL PIPE LINE. 



Adding to Big Oil's enjoyment is the fact that the Port Arthur refineries of Valero, Motiva and Total are within a Foreign Trade Zone, giving them special tax breaks for shipping gasoline and diesel out of our country.  And adding to the dismay of some U.S. consumers, TransCanada has quietly boasted that Keystone XL would cut gasoline supplies in our Midwestern states, thus raising prices at the pump and siphoning more billions of dollars a year from consumers pockets into the vaults of multinational oil interests.

So, lets tally the score in this Keystone pipeline deal: The American people's environment would be put at risk, foreign nations would get the fuel, pipeline and oil investors would get the tax-subsidized profits, and we'd all stay hooked on deadly polluting oil. Meanwhile, the financial speculators and supply manipulators who are artificially causing our gasoline prices to rise escape scrutiny, while self-serving politicians (tanked up on Big Oil's and Wall Street's campaign cash) divert attention to the bugaboo of Obama's pipeline decision.

And, yet again, our nation has an excuse to postpone the necessary investments in conservation, alternative fuels and mass transit that will actually solve the gas-gouging problem.

What's not to like?

To find out more about Jim Hightower, and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate webpage at www.creators.com.

~~~

PARTING  THOUGHT



There is a fountain of youth:  it is your mind, your talents, the creativity you bring to your life and the lives of the people you love.  When you learn to tap this source, you will truly have defeated age.

                                           Sophia Loren



~~~

If the good Lord is willing and the creek don't rise, I'll talk with you again on Tuesday March 20 by noon.  That will be an issue of "Contemplating Life."  The next OBOF will be posted by noon on Tuesday March 27.         God Bless all of you.



Floyd

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