All Posts Tagged With: "Senator Tom Harkin"

Tom Harkin Dissembles on Higher Education

Bumped up from TCR:Iowa.  – Ed.

Our esteemed Senator Harkin has been holding some hearings on for-profit colleges back in D.C., and now he has penned an editorial for the Des Moines Register. In full disclosure, I dislike Tom Harkin. Intensely. Then again, back in 2008, Charles Grassley voted for the TARP bailout, and now I don’t like him either.

But, back to the junior Senator from Iowa; Senator Harkin penned an opinion-editorial decrying the high tuition, poor student outcome, and massive debt of the students of for-profit colleges. If somebody would be so kind as to pass this on to the right honorable gentleman, would Senator Harkin please explain why his criticisms of the for-profit colleges are not extended to all colleges? Why does …


Harkin: Congress Just Can’t Do It, Obama Should Take The Ball

Finally, someone has the answer to solving the debt crisis that has hit the Federal Government! And amazing as it may seem, earlier this week the junior senator from Iowa came up with the idea, a truly out-of-the-box solution. Forget Congress, the President can go ahead and raise the debt ceiling with an Executive Order.

And, according to Tom Harkin, it’s okay because the Constitution doesn’t prohibit the President from taking this action!

With just a week to figure out what to do, this is Harkin’s answer: punt.

What he said was that the President could sign an executive order raising the debt ceiling. He said you’d rather have Congress do it, but there’s nothing in the Constitution that prohibits the President from issuing …


The Senate Strikes Back

Our US Senators have approved a version of the $700 Billion Bail-out Bill that provides some new features:

  • New tax breaks for businesses
  • Raising the FDIC deposit insurance limit from $100,000 to $250,000

Normally, I am all about tax breaks for businesses.  I think that is one of the best ways to stimulate growth.

And without a doubt, raising the FDIC limit will help so many… almost rich people.  Okay, pretty much just really rich people.  I don’t even know anyone that has close to the $100,000 limit in a protected bank instrument, so I’m having a hard time understanding who benefits from this.  Maybe someone like Warren Buffet or Dan Rather, but not anyone I know.  I take that back, Buffet would have that …


Congress Is Finally Back, Price Of Oil Drops Again

Crude oil dropped to $105/bbl Monday, down $1.26.  After hours the price continued to fall, as of midnight it was hanging around $102/bbl.

Since hitting it’s high at 147.27 on July 11 (that’s still less than 2 months ago), the price has fallen almost 30%.  According to most Democrats, this would only be possible if actual cheaper domestically drilled oil were available to put into the system immediately, not some years into the future.  Strange as it may seem, it looks like other factors, such as the continued growth in the public pressure on Congress to act and open up domestic drilling, may also influence prices.

Of course, you aren’t required to be an economist to be a member of Congress.  The problem appears …


We’re Losing Momentum On Oil Prices

The price of crude is hovering around $115 / bbl.  At this point, I suspect it won’t make much motion, especially not downward, until some real action is finally taken by Congress to open up drilling.  I agree with the refrain of Republicans to do “all of the above”, that is, work the alternative energy agenda while opening update domestic drilling.  The market will continue to laugh at us on the alternative energy options (by the way, we’ve had Ethanol in the US since World War I, so let’s stop acting like alternative fuels are “new”).  But as we engage with definitive action, we will continue to see the impact on commodity prices.

The sad thing is that the market is so clearly expressing it’s …


Interesting Day

Just a few reflections on the day…

Politics:

News reports put Hillary ending her campaign on Friday or Saturday. As usual, I’ll believe it when I see it. It’s sad that Hillary has had such a hard time concluding her campain:

“We pledged to support her to the end,” said Representative Charles B. Rangel, a New York Democrat who has been a patron of Mrs. Clinton since she first ran for the Senate. “Our problem is not being able to determine when the hell the end is.”

Meanwhile, Ann Coulter (yes, I know that last time I mentioned her I was not very gracious) shares some valuable insights comparing Hillary’s complaints about popular votes vs. delegate votes, and comparing this situation to Al Gore’s …


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