Mid-Week News and Comment
Mid-Week Mischief: Economics 101: Lesson 1: Trickle Down and Supply Side Explained. See Slide Show Coming Soon- Friday Funnies.
Washington Post Expose on the Politics Behind Administration Oil Decisions. Believe me, it’s painful to have to criticize President Obama. However, we are dedicated to putting out the truth even if it puts someone we admire in a bad light.
As readers know, we have published a number of posts on (a) the Administration’s decision to expand offshore drilling (See our prescient April Fools Day Edition and the Speech that Obama wished he given) and (b) numerous posts on the administration’s handling of the BP disaster. Recently, the BP Commission (appointed by the White House) issued a scathing critique of the administration’s failure to accurately inform the public on the extent of the problem. Republicans piled on. But at least the Administration appointed a high level independent assessment of its own response.
Now Washington Post journalists, Michael Leahy and Juliet Eilperin, have written a lengthy analysis of the role of politics and the lack of sound analysis that went into the Administration’s decision to open up extensive waters off the Pacific and Atlantic coasts to drilling. An interesting read.
More to come: stay tuned.