View Full Version : A tale of two truths ...

04-03-2012, 10:55 AM
"TRUTH" (http://hosted.ap.org/dynamic/stories/U/US_OBAMA_AD?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-04-02-17-58-23) as spake from the lips of the omnipotent, omniscient and omnipresent dear leader:

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">WASHINGTON (AP) -- President Barack Obama's campaign accused Republican Mitt Romney of siding with "Big Oil" in a new television ad released Monday, signaling an escalation of a general election campaign and a vigorous debate over gas prices. </div></div>

Which shouldn't be confused with actual truth (http://www.politico.com/news/stories/0510/36783.html):

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">While the BP oil geyser pumps millions of gallons of petroleum into the Gulf of Mexico, President Barack Obama and members of Congress may have to answer for the millions in campaign contributions they’ve taken from the oil and gas giant over the years.
BP and its employees have given more than $3.5 million to federal candidates over the past 20 years, with the largest chunk of their money going to Obama, according to the Center for Responsive Politics.</div></div>

04-03-2012, 04:29 PM
During his time in the Senate and while running for president, Obama received a total of $77,051 from the oil giant and is the top recipient of BP PAC and individual money over the past 20 years, according to financial disclosure records.

Read more: http://www.politico.com/news/stories/0510/36783.html#ixzz1r1E29u8y

He received 'the largest chunk' of what is a surprisingly small amount of money over 20 years (mainly, I guess, because BP is a foreign company), by receiving not much more than 2% of all of that barely $3.5 million.

Less than $80k, for all the time he was a senator and a presidential candidate, and now president? About 0.01% of all the moneys he raised in the 2008 election cycle?

Sheesh. Well at least that explains why in this supposed compromised position of being the BIGGEST RECIPIENT EVER, he's not done what Big Oil wanted.

Hint: "Big Oil" has very many domestic players who dwarf BP, who does not begin to represent "Big Oil" as any significant fraction of the total.

But nice slide over FROM 'big oil' to 'BP,' as if they WERE the same, as if O took any large money, and as if he's shown signs of corrupt policy on their behalf (when none of that is true).

04-04-2012, 03:57 AM
He's done EXACTLY what big oil wanted ... maintain prices at an artificially high level.

04-04-2012, 09:51 AM
Since no president has the power to make those prices rise or fall, Obama has not done so.

There is no decision one can point to in an attempt to make your case.

A BRIEF moratorium in deep water drilling in the Gulf? Appropriate, lifted quickly, and something like some dozens of rigs back to drilling there.

Cancelling Keystone XL? Which, when done some years away still, will RAISE domestic oil prices, not lower them?

The 'argument' that such a decision could or would move the market prices is simply an admission that the so-called market price reflects a lot of costs from speculation (and you can spook speculators with window dressing moves that do not affect the market).