We’ve all heard about the Dow plunge of 1,000 + points before it eventually closed down just about -350 points. Originally, there was speculation that someone pressed a “B” for billion instead of “M” for millions. The SEC investigators are now saying that that may not be the case and the White House says that they can’t rule out sabotage by an outside government or group. Could the New York Stock Exchange been a victim of electronic terrorism? It’s a real possibility.
While the White House publicly admonishes BP for the oil spill in the Gulf and talks tough, behind the scenes the Obama administration has granted oil and gas companies at least 27 exemptions from doing in-depth environmental studies of oil exploration and production in the Gulf of Mexico. The waivers were granted despite President Barack Obama’s vow that his administration would launch a “relentless response effort” to stop the leak and prevent more damage to the gulf. One of them was dated Friday — the day after Interior Secretary Ken Salazar said he was temporarily halting offshore drilling. I’m not upset about the waivers, but I am bothered by the hypocrisy and doublespeak of this administration.
Canada took another step toward solidifying its transformation of the country to Socialism yesterday. In an 8-1 ruling, the Supreme Court ordered the National Post daily to hand over to police documents obtained from a source in 2001 alleging a former prime minister’s involvement in a loan scandal. The court recognized the public’s interest “in being informed about matters of public importance that may only see the light of day through the cooperation of sources who will not speak except on condition of confidentiality.” Canada’s judiciary was urged to respect promises of confidentiality given to a secret source by a journalist or an editor “in appropriate circumstances.” But the public’s interest “is not absolute,” the court ruled. “It must be balanced against other important public interests, including the investigation of crime.
Finally, on this Saturday, there’s one thing we can be sure of, as more people lose jobs, as European countries fail, as terrorist continue to threaten our nation, and as the stock market drops Obama will be working hard on the back nine with his putter in hand trying to sink that birdie. That’s how our president rolls.
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