Rand Paul took a swipe at Obama for his outrageous verbal attack when he said he would put "his boot heel on the throat of BP." Paul called it "really un-American." Paul is right of course.
"What I don't like from the president's administration is this sort of, 'I'll put my boot heel on the throat of BP,'" Paul said in an interview with "Good Morning America." "I think that sounds really un-American in his criticism of business."
Paul's proper defense of BP comes is based on the fact that accidents happen, and when you think of those you propose endless regulations, thinking a rule or law can stop accidents from happening, are only fooling themselves.
There's always going to be accidents; that's part of being human and doing business.
BP, almost from the beginning, has said they're more than willing to pay for the damages, and they're working hard to take care of the incident, which has cost them millions in lost revenue, as well as millions more in cleanup costs.
So for Obama to say he will put his foot on the neck of the company is a lie, as it implies BP has been fighting taking responsibility for their part in the matter.
Paul said, "I think it's part of this sort of blame-game society in the sense that it's always got to be somebody's fault instead of the fact that maybe sometimes accidents happen."
Every time an accident happens, as Paul notes, especially in mining and drilling industries, it is attacked with a ferocity that is unwarranted, and points to an agenda by radical environmentalist and earth worshippers who are offended by the fact people need to use the commodities the produce to better their lives.
To demonize businesses who are providing much-needed products and services in dangerous situation and environments should be applauded, and how they respond practically to the circumstances should be how their judged, not because there's an accident.
It's good to see someone emerge like Rand Paul who has the courage to point out the obvious, and help rein in the ridiculous faux outrage of the mainstream media and Obama in their opposition to business.
Friday, May 21, 2010
How Low Gold Prices Going?
We continue on in the gold correction, and it of course generates the question of how low gold prices will go before they start their move upward again.
The best thing to consider at this time with gold prices is not how low they will go, but using it as a buying opportunity as it falls, as there's absolutely no doubt gold will rebound, and when it does, those getting in on the lower prices will benefit strongly from it.
In other words, resist the temptation to try to time the gold price drop in the sense of how low it will go, trying to get in at the absolute bottom, and instead buy in at a good point, which now has already dropped from the high which reached just under $1,250 an ounce, to $1,183.70 an ounce as of 12:00 p.m. EST today.
How long that kind of fall will continue is unknown of course, but when you have a correction of almost $50 an ounce, you want to take a seriously look at buying more gold for sure, as the plunge can't continue with the favorable conditions for gold we're in at this time.
The best thing to consider at this time with gold prices is not how low they will go, but using it as a buying opportunity as it falls, as there's absolutely no doubt gold will rebound, and when it does, those getting in on the lower prices will benefit strongly from it.
In other words, resist the temptation to try to time the gold price drop in the sense of how low it will go, trying to get in at the absolute bottom, and instead buy in at a good point, which now has already dropped from the high which reached just under $1,250 an ounce, to $1,183.70 an ounce as of 12:00 p.m. EST today.
How long that kind of fall will continue is unknown of course, but when you have a correction of almost $50 an ounce, you want to take a seriously look at buying more gold for sure, as the plunge can't continue with the favorable conditions for gold we're in at this time.
BP (NYSE:BP) Spill Cleanup, Wildlife Fatalities
As BP (NYSE:BP) continues on with spill cleanup attempts, the pollution caused by oil and chemicals is proving fatal to wildlife. This is just the beginning as oil is hitting our shore lines.
Kim Hubbard, a Audubon photo editor just arrived in Louisiana. She's already seeing the effects of the oil spill on animals, one of her photos include an oiled Kemp's Ridley sea turtle. This is a daily occurrence and collection of oiled wildlife.
On a conference call today with several NOAA officials and U.S. Fish and Wildlife officials, it was reported that eight turtles have been collected, two later died. Of the 66 birds that have come in, 43 have died and 23 are alive and being rehabbed. There is much concern for marine animals as well like manatees, whales, and dolphins.
Robert Weisberg, a physical oceanographer and modeler from the University of South Florida, reported that once the oil hit the loop current it was only a matter of a week before it was carried to Florida's straits and then just another week after that before reaching Miami's straits. The NOAA reported Wednesday that the oil slick had already reached the loop current.
Kim Hubbard, a Audubon photo editor just arrived in Louisiana. She's already seeing the effects of the oil spill on animals, one of her photos include an oiled Kemp's Ridley sea turtle. This is a daily occurrence and collection of oiled wildlife.
On a conference call today with several NOAA officials and U.S. Fish and Wildlife officials, it was reported that eight turtles have been collected, two later died. Of the 66 birds that have come in, 43 have died and 23 are alive and being rehabbed. There is much concern for marine animals as well like manatees, whales, and dolphins.
Robert Weisberg, a physical oceanographer and modeler from the University of South Florida, reported that once the oil hit the loop current it was only a matter of a week before it was carried to Florida's straits and then just another week after that before reaching Miami's straits. The NOAA reported Wednesday that the oil slick had already reached the loop current.
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