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Reply #6: Hope they are able to find out who "pushed the button". Honest mistake? [View All]

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54anickel Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-01-06 09:48 PM
Response to Reply #2
6. Hope they are able to find out who "pushed the button". Honest mistake?
Maybe, maybe not. Wonder how much follow through they will do on this one.

Speaking of Oil-Crony-in-Chief, did you happen to catch this post over the weekend?
A Magic Way To Make Billions (*Co Budget Boondoggle)

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=2133388

A Magic Way To Make Billions
How lobbyists are pulling off a synfuel scheme with help from key lawmakers--and you'll pay
By DONALD L. BARLETT AND JAMES B. STEELE

The wording is so bland and buried so deep within a 324-page budget document that almost no one would notice that a multibillion-dollar scam is going on. Not the members of Congress voting for it and certainly not the taxpayers who will get fleeced by it. And that is exactly the idea.

With Washington reeling from the Abramoff lobbying scandal and Republicans and Democrats alike pledging to crack down on influence peddling, with one lawmaker already gone from Capitol Hill because he traded favors for cash, you're probably guessing this isn't the best time for members of Congress to dispense a fortune in favors to their friends.

Guess again.

Buried in the huge budget-reconciliation bill, on which House and Senate conferees are putting the final touches right now, are a few paragraphs that accomplish an extraordinary feat. They roll back the price of a barrel of crude oil to what it sold for two years ago. They create this pretend price for the benefit of a small group of the politically well connected. You still won't be able to buy gasoline for $1.73 per gal. as you did then, instead of today's $2.28. You still won't be able to buy home heating oil for $1.60 per gal., in place of today's $2.39. But a select group of investors and companies will walk away with billions of dollars in tax subsidies, not from oil but from the marketing of a dubious concoction of synthetic fuel produced from coal and dependent on government tax credits tied to the price of oil.

more...
http://www.time.com/time/magazine/printout/0,8816,1167729,00.html
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