Patterico's Pontifications

6/23/2010

The Unified Theory of Obama Fail

Filed under: Obama — DRJ @ 9:23 pm



[Guest post by DRJ]

Dan Collins looks behind the Obama Administration’s offshore drilling decisions:

“Meanwhile, what’s not receiving a lot of focus is Obama’s own economic interests in preventing Gulf drilling. As I mentioned yesterday, Obama’s wealth is largely held in two Vanguard funds. Vanguard was among the companies that dumped BP stock shortly before the disaster. It now turns out that BP informed the office of mineral managment that there were problems with the well back in mid-February. That led to the sacking of Birnbaum, no doubt, though Pelosi tried, with her usual mendacity, to blame it on burrowed-in Bush holdovers. Apart from the timing of the stock dumping, and the revelation that the feds had indeed been informed earlier on of potential problems, there’s the issue of Soros’ timely investment in Petrobras, backed up by US billions. Many of us found it scandalous that Obama was opposed to US offshore drilling before the disaster, but ready to invest in offshore drilling for Brazil, which, environmentalists will tell you, has the greatest biodiversity on the planet. Those rigs represent an enormous investment. If there’s a moratorium, they’re not going to wait around for it to be lifted: instead, they will move to where they are permitted to be utilized, in this case, Brazil.

China is backing Cuba to perform drilling in the Gulf. Other countries will no doubt wish to up their stakes. Those operations will be completely outside of US control.

But for Obama and company, that’s not a bug, but a feature, because what they really want to do is convert the US economy away from oil towards biofuels, wind, and other renewables, despite the disastrous economic consequences already experienced by nations that tried to bottle unicorn farts. That they have significant investment in such projects is entirely justifiable in their eyes, because of the benefits they naively believe such schemes will confer. These projects are to be mandated by the EPA power grab and the imposition of cap-and-trade schemes, benefitting the likes of Franklin Raines, and justified through the cultivation of climate hysteria.”

Dan rightly concludes the Obama Administration’s inability to “come to grips with the spill” is because they see this as an opportunity.

— DRJ

42 Responses to “The Unified Theory of Obama Fail”

  1. So far, there is nothing to suggest that they are actually trying to come to grips with the spill.

    JD (23a165) — 6/23/2010 @ 9:28 pm

  2. All going just swimmingly to plan…

    Gazzer (d79016) — 6/23/2010 @ 9:50 pm

  3. The well has been failing since February–plenty of time since then to dump stock, if you’re “in the loop.”

    Patricia (160852) — 6/23/2010 @ 10:43 pm

  4. so the SEC will be on this investigation of insider trading immediately, right?

    right?

    why are you laughing?

    redc1c4 (fb8750) — 6/23/2010 @ 11:15 pm

  5. Who do you think they are, Martha Stewart?

    Foxfier (fa1d3f) — 6/23/2010 @ 11:43 pm

  6. Corruption, or Incompetence?

    Yes!

    AD - RtR/OS! (6f143b) — 6/24/2010 @ 12:50 am

  7. > Dan rightly concludes the Obama Administration’s inability to “come to grips with the spill” is because they see this as an opportunity.

    Combined with the fact that it oh-so-conveniently fits into a Cloward-Piven Strategy…

    IgotBupkis, President, United Anarchist Society (79d71d) — 6/24/2010 @ 1:37 am

  8. Can you frackin’ imagine the media cries of “Conspiracy! Corruption! Halliburton! The well was deliberately SABOTAGED!” if that chain of events had occurred under a Republican president?

    Mike G in Corvallis (fd5fcd) — 6/24/2010 @ 2:10 am

  9. Nazi Germany had a Great Synfuels program…

    Frank Drackman (550e6d) — 6/24/2010 @ 3:20 am

  10. Beck has been doing this for some time and yes it is nuts and yes if it was a Republican this would be NYT front page.

    Soros buys Obama Policies.

    HeavenSent (a9126d) — 6/24/2010 @ 4:20 am

  11. The Obamas have their money in a Blind Trust. (Fill in your own punchline)

    Those Vanguard funds referred to were part of the public record before he became President in Jan. 2009, totalling less than $250,000. If you don’t believe me, feel free to invest in those funds and you may become wildly rich. There has also been an e-mail hoax associating former FNMA Chairman Franklin Raines and Obama. Just sayin…

    TimesDisliker (e66666) — 6/24/2010 @ 4:42 am

  12. Who do you think he is, Al Gore?

    daleyrocks (1d0d98) — 6/24/2010 @ 5:10 am

  13. You mean about the Chicago Climate exchange that he helped create, Soros is involved in everything, he is in reality, what theleft caricatured Richard
    Mellon Scaife as

    ian cormac (7bb4f2) — 6/24/2010 @ 5:37 am

  14. There certainly is a theme here in our ruling thugocracy. The Raines and Gorelick stories are a cautionary tale about Democrats and their practice of playing financial tag team. Soros is not doing his thing for eleemosynary motives. Somewhere he is making money. The whole global warming construct was a money maker for a lot of people, including the academics who got control of the grant mechanisms.

    Mike K (82f374) — 6/24/2010 @ 5:39 am

  15. do you

    does he

    daleyrocks (1d0d98) — 6/24/2010 @ 5:42 am

  16. i was annoyed that the author of that post fell for the smear that the judge owned stock in oil.

    He did once, but there is no evidence he does now.

    Aaron Worthing (e7d72e) — 6/24/2010 @ 6:21 am

  17. it’s been sort of surprising to watch how consistently and thoroughly undazzling BP’s performance has been in every aspect of this fiasco apart from spreading its legs for the government

    happyfeet (19c1da) — 6/24/2010 @ 6:51 am

  18. but they do that very, very well

    happyfeet (19c1da) — 6/24/2010 @ 6:53 am

  19. happyfeet – They have been spreading their legs for the government for quite some time.

    JD (d55760) — 6/24/2010 @ 6:58 am

  20. At least since 2005, when Vanity Fair, highlighted it as the ‘environmental oil company’ in their green issue, the absurdity of that phrase should
    have been enough to indicate something was seriously wrong

    ian cormac (7bb4f2) — 6/24/2010 @ 7:01 am

  21. BP and GE are good investments cause it’s the age of the Whore in our little country I think.

    happyfeet (19c1da) — 6/24/2010 @ 7:05 am

  22. that’s one ugly whore – even for a whore

    enoch_root (9548cd) — 6/24/2010 @ 7:15 am

  23. I will be happy, way happy, if BP gets back to anywhere near where it normally traded at.

    JD (d55760) — 6/24/2010 @ 7:15 am

  24. haiku think BP toast
    come november twenty twelve
    obama toast too

    ColonelHaiku (c2b11b) — 6/24/2010 @ 7:23 am

  25. Btw, this is off topic, but if you want to read the transcript related to the story that al gore sexually assaulted a massage therapist, go here:

    http://www.flashalertnewswire.net/images/news/2010-06/3056/36280/Gore_reports.pdf

    [Insert bad global warming joke here.]

    Aaron Worthing (e7d72e) — 6/24/2010 @ 7:34 am

  26. Why must we suffer this traitor another 900 days? Because he won? Reset!

    gary gulrud (790d43) — 6/24/2010 @ 8:24 am

  27. Well, that would explain all of that whole “failing” thing going on in the Gulf.

    Vivian Louise (eeeb3a) — 6/24/2010 @ 11:19 am

  28. hi DRJ huge grain of salt but I saw this on a message board today:

    The first relief well will intersect the original bore hole late this weekend… People expect this news to come in August… but the drilling logs show that it will happen much sooner.

    happyfeet (71f55e) — 6/24/2010 @ 1:37 pm

  29. So, the relief well will, unexpectedly, reach the original hole earlier. A direct result of jugears having found the correct ass to kick, no doubt.

    Matador (5db43f) — 6/24/2010 @ 1:49 pm

  30. “despite the disastrous economic consequences already experienced by nations that tried to bottle unicorn farts.”

    – some asshole

    Give me a fucking break. Oil is a nonrenewable resource. Some day we are going to have to find another way to power our riding mowers, and even unicorn farts are going to look a more efficient prospect than oil. Cuz, you know, there won’t be any oil. There are more pressing problems than alternate energy sources, but that doesn’t change the fact that it’s a real issue.

    [note: released from moderation. –Stashiu]

    Leviticus (30ac20) — 6/24/2010 @ 2:18 pm

  31. I can’t really figure out what the heck Obama and his political team think is going on.

    The economy is weak, no real significant recovery is ongoing, fears of a “double-dip” recession are increasing recently and the possibility of people shifting income into this year – to avoid huge tax increases in 2011 – may make things look better for a few months but tank just in time to poison Obama’s reelection hopes.

    SPQR (26be8b) — 6/24/2010 @ 3:40 pm

  32. ASCAP make mistake
    not Beatle George Harrison
    O write “I Me Mine”

    ColonelHaiku (c2b11b) — 6/24/2010 @ 3:50 pm

  33. So, the relief well will, unexpectedly, reach the original hole earlier.

    that’s difficult to say… they’re still claiming mid-August…

    I don’t get it really and Big Oil apparently isn’t very keen on me getting it. They’re evil like that, cause of they are big. And oily.

    happyfeet (71f55e) — 6/24/2010 @ 4:01 pm

  34. So, the relief well will, unexpectedly, reach the original hole earlier.

    Please be advised that the word “hole” is now considered racist.

    NAACP (b54cdc) — 6/24/2010 @ 4:09 pm

  35. Happyfeet,

    It’s been clear for weeks that the first relief well is close to total depth, but just getting there isn’t all they have to do so I don’t blame them for leaving the end date open.

    DRJ (d43dcd) — 6/24/2010 @ 4:22 pm

  36. SPQR #30,

    It’s mystifying. My guess is they believe that when they go back into complete campaign mode, they can convince half of America to vote for Obama. And/or they plan some kind of executive, blanket amnesty to buy the votes.

    DRJ (d43dcd) — 6/24/2010 @ 4:24 pm

  37. DRJ, the trillion dollar porkupolis bill was passed because they were betting that that economy would of its own momentum grow them into lower unemployment. That blew up on them big time.

    Now the Democrats response to the near-universal rejection of their spending policies? To refuse to bring a budget to a vote in the House at all. There will be no FY 2011 budget bill.

    Might as well start using Chiquita banana logo stickers as postage, we are in a banana republic now.

    SPQR (26be8b) — 6/24/2010 @ 4:29 pm

  38. If everybody just keeps their tires inflated to the recommended pressures, the economy will be just fine.

    daleyrocks (1d0d98) — 6/24/2010 @ 4:41 pm

  39. I’d forgotten that bit of stupidity from Obama, daleyrocks. And my keyboard is very angry at you and will come give you a right drubbing … as soon as it dries out.

    If only that had been the stupidest thing he’d said to date, we’d all be better off.

    SPQR (26be8b) — 6/24/2010 @ 4:43 pm

  40. Third revision of the first quarter GDP … and the third time its been revised downward.

    It is going to get very ugly in our economy. Because of Democrat policies.

    SPQR (26be8b) — 6/25/2010 @ 10:22 am

  41. At least since 2005, when Vanity Fair, highlighted it as the ‘environmental oil company’ in their green issue,

    Irony of ironies. Just as a military person of the left (McChrystal) ended up creating bad PR for another person of the left (McChrystal’s commander-in-chief), a company with left-leaning pretensions has opened a gash in the reputation of the currently “progressive” (if not ultra-progressive) White House.

    Ah, these wonderful and wise limousine liberals. You gotta hand it to them.

    Mark (411533) — 6/25/2010 @ 10:31 am

  42. __________________________________

    Los Angeles Times, June 7, Andrew Malcolm:

    We already knew that BP and its folks were significant contributors to the record $750-million war chest of Barack Obama’s 2007-08 campaign.

    …Shortly after Obama’s happy inaugural, eyebrows rose slightly upon word that, as a House member, [Obama Chief of Staff Rahm] Emanuel had lived the last five years rent-free in a D.C. apartment of Democratic colleague Rep. Rosa DeLauro of Connecticut and her husband, Stanley Greenberg….Remember this was all before the letters BP stood for Huge Mess. Even before the Obama administration gave BP a safety award.

    Greenberg’s consulting firm was a prime architect of BP’s recent rebranding drive as a green petroleum company, down to green signs and the slogan “Beyond Petroleum.” Greenberg’s company is also closely tied to a sister Democratic outfit — GCS, named for the last initials of Greenberg, James Carville, another Clinton advisor, and Bob Shrum, John Kerry’s 2004 campaign manager.

    According to published reports, GCS received hundreds of thousands of dollars in political polling contracts in recent years from the Democratic Congressional Campaign Committee.

    Mark (411533) — 6/25/2010 @ 10:52 am


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