Economy

Oil is at a three year low, closing at less than $50 the barrel.

When the rules can change at any moment, can you fault investors for not doing so?

A final settlement coming out of Washington on the automakers? No; not just yet.

Are the CongressCritters actually beginning to "listen" to the people? Will it be a bi-partisan "thumbs-down"?

At this point the Big 3 were told to come back on December 2nd, eleven days from now, with a viable plan as to the administration of the cash they could potentially receive. Whereas the Demorats were initially eager to provide Detroit with billions of dollars, well, since it would now appear there may be consequences to this loan and there are many objections to a wholesale loan -- they have evidently decided to re-decide.

Trust me, when Pelosi and Reid met with Detroit's Big 3 representatives on Thursday, November 6th, the deal was already done. The very next day GM bleated that their future was bleak, nocturnal, moribund. Imagine that.

The automakers came to Washington, in their corporate jets, with no plan. They just wanted the cash. Waggoner (GM), Nardelli (Chrysler), Mulally (Ford) and Ron Gettelfinger of the UAW came crawling for same.

And what has president-elect Obama broadcast about all these issues? Essentially nothing. Nothing means that he mustn't commit. Non-commital = non-pigeon-hole-able.

Corporate taxes in America are some of the highest in the Western world. Why?

And you know what had a hand in this "change of direction"?

Talk radio! CONSERVATIVE talk radio. Internet. Blogs. A bit by Fox.

You can be assured, therefore, that we are in the Demorats' sights.

BZ