CIA -- al Qaeda Suffering?

Less than a year after his agency warned of new threats from a resurgent al-Qaeda, CIA Director Michael V. Hayden now portrays the terrorist movement as essentially defeated in Iraq and Saudi Arabia and on the defensive throughout much of the rest of the world, including in its presumed haven along the Afghanistan-Pakistan border.

In a strikingly upbeat assessment, the CIA chief cited major gains against al-Qaeda's allies in the Middle East and an increasingly successful campaign to destabilize the group's core leadership.

While cautioning that al-Qaeda remains a serious threat, Hayden said Osama bin Laden is losing the battle for hearts and minds in the Islamic world and has largely forfeited his ability to exploit the Iraq war to recruit adherents. Two years ago, a CIA study concluded that the U.S.-led war had become a propaganda and marketing bonanza for al-Qaeda, generating cash donations and legions of volunteers.

All that has changed, Hayden said in an interview with The Washington Post this week that coincided with the start of his third year at the helm of the CIA.

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Washington Post U.S -- Cites Big Gains Against Al-Qaeda

Congress To Raise Prices Of Everything

Next week, the Senate will vote on the Lieberman-Warner cap-and-trade climate control bill. The proposed statute is a nightmare that would devastate our economy. The Wall Street Journal calls it "the most extensive government reorganization of the American economy since the 1930s."

The EPA estimates that by 2030 it will reduce GDP by 0.9% to 3.8%, and that is based on assumptions that appear hopelessly optimistic. Even the EPA's assumptions contemplate an additional increase of 44% in the cost of electricity over what would occur without Lieberman-Warner.

There is a chart provided by the Chamber of Commerce of how complicated the regulations would be for businesses.

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Powerline -- Looming disaster

Optomistic, But We Can Hope

Why Obama? Charisma, ideas, hope? None of these or any other reasons that have been bandied about. It's Obama because he is not Hillary.
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A Democratic year? How do you figure? Because the New York Times says so? Look at 2006! Yes, let's look at it. In the preceding 6 midterm elections where the incumbent President's party lost seats the average loss in the Senate was 6.1, in the House 29.33. In 2006 the Republicans lost 7 in the Senate and 30 in the House. Pretty ho-hum.
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American Thinker Blog -- A Democratic Year?

The USA Is The Saudi Arabia of ...Oil -- Congress Won't Let Exxon Get To It

Energy: Exxon Mobil's CEO says his energy company's "corporate social responsibility" is to produce more energy. While Congress wants to tax oil profits, he wants to spend them to find more oil.

While some companies like British Petroleum run endless ads touting their capitulation to the global warming religion by saying they are "beyond" petroleum, Exxon Mobil has been refreshingly unapologetic about developing the resources beneath our feet and making money doing it.

Speaking to reporters after the annual meeting of Exxon stockholders Wednesday, CEO Rex Tillerson shoved political correctness aside and insisted the science on climate change is not settled and "that to not have a debate on it is irresponsible" and that to "suggest we know everything about these issues is irresponsible."

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According to the Institute for Energy Research, "The United States has 2 trillion barrels of oil shale. This is more than 7 times the amount of crude oil reserves found in Saudi Arabia, and is enough to meet current U.S. demand for over 250 years."

Out west we may have what could be called a "Persia on the Plains."

A Rand Corporation study says the Green River Formation, which covers parts of Colorado, Utah and Wyoming, has the largest known oil shale deposits in the world, holding from 1.5 to 1.8 trillion barrels of crude.

Of that, some 800 billion barrels are recoverable with current technology — roughly triple Saudi Arabia's current known reserves.

Nick Loris of the Heritage Foundation says: "If full-scale production begins within five years, the U.S. could completely end its dependence on OPEC by 2020." That's quite a forecast, given that nearly a half of our oil today comes from that monopoly.

Indeed, there is enough North American petroleum trapped in oil sands and shale rock to form our own OPEC.

While OPEC, the Saudis, and even the U.S. Congress are telling us to pound sand, at least one U.S. company wants to get energy from it.

The Democrats in Congress would rather tax the oil companies then allow them to use those profits to drill for our own oil!

Foolish Washington that keeps costing you every day.

By the way, we are the Saudi of Coal also -- WTF is our government stopping us from using our own resources.
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IBD -- Getting Oil From A Stone

Obama's Policies Mean Higher Prices

Here's one "change" presidential candidate Barack Obama apparently believes in: higher prices. Witness his letter last week urging President George W. Bush not to submit the U.S.-South Korea free-trade agreement to Congress for ratification.

Mr. Obama's objection, as stated in his letter, is that the deal "would give Korean exports essentially unfettered access to the U.S. market and would eliminate our best opportunity for obtaining genuinely reciprocal market access in one of the world's largest economies." In other words, ordinary American consumers would get too good a deal.

For an idea of how good, look at automobiles, about which Mr. Obama professes particular concern. The free-trade agreement would eliminate America's 2.5% tariff on most Korean car imports. Even better, it would phase out the 25% tariff on pick-ups and light trucks. Overall, the Korean trade deal would boost the U.S. economy by $10 billion to $12 billion.

Mr. Obama thinks this benefit to U.S. consumers isn't worth the risk that South Korea might not live up to its promise to eliminate its own 8% tariff on U.S. autos and cut its bewildering array of nontariff barriers, such as arcane safety standards. This despite the fact that the deal includes enforcement provisions if Korea backtracks.

On the record so far, Mr. Obama is the most protectionist U.S. presidential candidate in decades. In February he inserted a statement opposing the Korean trade deal into the Congressional record only days before securing the endorsement of the powerful Teamsters union. He also opposes the U.S.-Colombia pact, and he has called for rewriting Nafta – unilaterally if Canada and Mexico don't play along. Mr. Obama's economic adviser, Austan Goolsbee, told Canadian officials this was all for primary show, but the candidate is backing himself into a political corner should he win the White House.

Mr. Obama is promising change you can believe in. But on trade, it is closer to the status quo Americans will be paying for.

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WSJ -- Asia Edition

What Are The Democrats Thinking?

...the latest news of Michigan's deepening budget woe is a national warning of what happens when you raise taxes in a weak economy.

Officials in Lansing reported this month that the state faces a revenue shortfall between $350 million and $550 million next budget year. This is a major embarrassment for Governor Jennifer Granholm, the second-term Democrat who shut down the state government last year until the Legislature approved Michigan's biggest tax hike in a generation. Her tax plan raised the state income tax rate to 4.35% from 3.9%, and increased the state's tax on gross business receipts by 22%. Ms. Granholm argued that these new taxes would raise some $1.3 billion in new revenue that could be "invested" in social spending and new businesses and lead to a Michigan renaissance.

Not quite. Six months later one-third of the expected revenues have vanished as the state's economy continues to struggle. Income tax collections are falling behind estimates, as are property tax receipts and those from the state's transaction tax on home sales.

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American Thinker Blog -- The liberal vortex

Like Looking In a Mirror -- Carter/Obama

Of the two likely nominees this year, Obama is closest to Carter in background and policy leanings. The parallels between his campaign so far and the one Carter ran in 1976 are striking. Like Carter, Obama had little national experience when he started to run. Neither was given much chance of winning the nomination. Instead of running on a detailed platform, Carter told crowds that what Washington needed was "a government as good as its people"—just as Obama promises "change we can believe in." Carter's message sold well after Richard Nixon's disgrace, and press accounts from the time suggest that people found the born-again Carter to be charismatic. That parallel is a promising one for Obama.

But his Carterish echoes come with two potential dangers. The first is that running as the embodiment of hope can lend itself to a certain self-righteousness—what critics have already started to call �litism. The second danger is that the public will come to see Obama as naive about America's enemies abroad, as it eventually concluded Carter was. Ever since Obama said he was willing to negotiate with those enemies directly and "without precondition," Republicans have been trying to tag him as the son of the Georgia governor.

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Time -- In Carter's Shadow

Democrats Hope For Victory Rests On Denial Of Iraq Success

To date, not one "mainstream media" journalist has pressed the leading advocates of unconditional surrender to describe in detail what might happen after we "bring the troops home now."

There's plenty of unchallenged sloganeering, but no serious debate. This selective political softball and pep-rally journalism serves neither our country nor our political process well.

So, let's bring those quit-Iraq time-travelers back to mid-2008 and fill them in on what's happened since they were ideologically stranded five years ago:

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What don't the critics like? Democracy? The defeat of al Qaeda? Muslims turning to the US military for help? Troop cuts? The dramatically improved human-rights situation? What's the problem here?

The answer's simple: Admitting that they've been mistaken about Iraq guts the left's argument for political entitlement. If the otherwise deplorable Bush administration somehow got this one right, it means the left got another big one wrong.

Ralph Peters penned thoughts that reinforce my post on Obama's famous, "Dumb War," speech and how it doesn't quite make the grade today. Lots of good information on what has really happened in the NY Post piece, read it all.
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NYPost -- Ralph Peters -- THE QUIT-IRAQ TIME-TRAVELERS

"Obama Supporters Called, They Want Their Gullibility Back"

Get fuzzy is one of the best daily comics out there -- typically not political, but yesterday's was great! (Click for image for larger)

Be sure to check it every day.
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Harvey Korman Dead at 81, RIP

Harvey Korman, the tall, versatile comedian who won four Emmys for his outrageously funny contributions to "The Carol Burnett Show" and played a conniving politician to hilarious effect in "Blazing Saddles," died Thursday. He was 81.

Korman died at UCLA Medical Center after suffering complications from the rupture of an abdominal aortic aneurysm four months ago, his family said. He had undergone several major operations.

"He was a brilliant comedian and a brilliant father," daughter Kate Korman said in a telephone interview with The Associated Press. "He had a very good sense of humor in real life. "

He was a stellar comedian whose talent I will miss. His work with Tim Conway on Carol Burnett and his work with Mel Brooks was genius, as if his laughter healed something inside us all.

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AP -- 'Carol Burnett' star Harvey Korman dies at 81

Don't be saucy with me, Bearnaise! (Harvey Korman as Count de Monet -- History of The World Part I)

Congress Is To Blame For Current Oil Prices

Despite its pious denunciations of the behavior of U.S. investor-owned oil companies (IOCs), Congress by its actions over the years has ensured the economic viability of the national oil company cartel.

It has done so by preventing the exploitation by IOCs of reserves available in nonpark federal lands in the West, Alaska and under the waters off our coasts. These areas hold an estimated 635 trillion cubic feet of recoverable natural gas – enough to meet the needs of the 60 million American homes fueled by natural gas for over a century. They also hold an estimated 112 billion barrels of recoverable oil – enough to produce gasoline for 60 million cars and fuel oil for 25 million homes for 60 years.

This doesn't even include substantial oil shale resources economically recoverable at oil prices substantially lower than those prevailing today. In an exchange between Sen. Orin Hatch (R., Utah) and John Hofmeister, president of Shell Oil Company during the May 21 Senate Judiciary Committee hearing, the point was made that anywhere from 800 million to two trillion barrels of oil are available from oil shale in Colorado, Utah and Wyoming.

If Congress really cared about the economic well-being of American citizens, it would stop fulminating against IOCs and reverse current policies that discourage, indeed prohibit, the production of domestic oil and natural gas. Even the announcement that Congress was opening the way for domestic production would lead to downward pressure on oil prices.

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Wall Street Journal --Blame Congress for High Oil Prices

Economic Growth Numbers Adjusted Up -- Media Still Down!

The economy logged slightly better -- but weak -- growth in the first quarter, spurred by improved sales of U.S. products overseas. While that's heartening, the country's economy is still far from being out of the woods.

The numbers were increased from .6% to .9% primarily on lower imports and improved exports.
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AP - US logs better but still weak growth

Red Light Cameras Remain Shuttered -- For Now

Lawmakers on Tuesday rejected Rockford Mayor Larry Morrissey’s plan for red-light cameras at intersections after several senators from both parties and from around Illinois derided what they called a government money grab and “Big Brother” intrusion.

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RRStar