Got a Funny Feeling?

Survival books, whether they be outdoor survival, or about surviving in the city, tell you to trust your instincts.  We can all sense danger, it's just that we usually ignore our instincts.  As Americans, we trust until we are given a reason not to trust.  That makes us easy targets for everything from e-mails from Nicaraguan check-cashing scams, to 9/11 terrorists taking flying lessons in our country.  Or for that matter, immigrants entering our country illegally, counting on us to let them stay.  Our trust makes us an easy target.

So, let's put a couple of things in writing and see if it gives us a "funny" feeling.  I'm not even going to list all our president's socialist/communist/maoist advisers.  That's so old that we don't even get any feeling about it.  So let's start with the president's reaction to the incident involving the D.C. police and Harvard professor Gates.  When asked for a reaction, President Obama said, "I don't have any details, but it is apparent that the police acted stupidly."  I don't have any facts, but I have a strong opinion anyway.  Kind of funny coming from the most powerful leader in the free world, huh?  

President Obama on his cap and trade legislation, changed to green job creation legislation, now changed to American energy independence legislation:  "under my plan, the cost of electricity would necessarily skyrocket."  What politician in their right mind would say his plans would make any utility cost, not just increase, but "skyrocket?"  Seems like he is not worried about our support.  It's like the issue has already been decided.  And why would he want it to take effect during the worst recession of the lifetime of the average American and before an already hotly contested midterm election?  A little funny, huh?  Then we learn that the president was the conduit for the Joyce Foundation's grant to start the only energy exchange in the United States, and that he worked on the grant while still an unknown state senator.  A little funny.  A little, very little actually, research is required to learn that other investors in the Chicago Climate Exchange are a company with Al Gore on the board (An Inconvenient Truth, huh Al?); a bank, Goldman Sachs, who not only was a major contributor to the economic recession, but also received huge taxpayer funded bailouts; and several of the board members of the Chicago Climate Exchange came from Goldman Sachs.  Funny.  

Exxon-Mobil decided a couple of years ago not to form a separate department to do research for alternate forms of energy.  They decided it was best to do what they have always done, look for oil.  Seeing how fast the world is changing, it seemed a little funny that they would not at least hedge their bets by starting to adapt to future alternative energy demands.  Fuji Films and Kodak are examples of how quickly an established company can go from the top to broke by not being on the leading edge of innovation.  But Exxon-Mobil seemed oblivious to the danger of falling behind.  Funny.

One of the president's first acts when he took office was to freeze leasing on shallow water offshore oil drilling, and a federal takeover, or much tighter restrictions of western land where drilling was planned, or already taking place.  No freeze on deepwater drilling though.  Oil companies complained a little, but were strangely quieter than you would expect about the restrictions.  Some just adapted and went to more deepwater drilling projects.  Now we all know what happened with British Petroleum's well in the Gulf of Mexico.  Strangely enough, the president was very reasonable in his early reaction.  He said BP would be responsible for the clean-up and loss of business revenue caused by the explosion and leak.  Again, strangely enough, BP has seemed relatively unconcerned about the cost of the lost rig, its eleven employees killed, the loss of sales of a minimum 5000 barrels of oil a day, at $70+ per barrel for more than 40 days and counting, that turns into real money pretty quickly.  Kind of funny how calm and reasonable BP has been about this loss, and the potential cost of the clean up.  Funny too how unconcerned about the huge decline in their stock market value they have been.

Now, all offshore drilling leases have been frozen for a minimum of 6 months.  Effectively a minimum of a year for projects off the coast of Alaska where many projects had been planned.  Land-based drilling restrictions still have not been eased to compensate.  The cap and trade bill in the senate has now been re-named an American Energy Independence bill, and it still will cause costs to skyrocket.  But little to no complaints or comments from the media or oil companies like Exxon-Mobil or British Petroleum who would potentially be hurt the most by the legislation.  Funny.

The Chicago Climate Exchange estimates business transactions of $10 trillion a year if the legislation passes.  They stand to make a boatload, make that an oil tankerload, of money if the legislation passes.  Yet, only a couple of days after the Canadian Free Press ran stories showing the suspicious links of the Exchange to the president, his backers and advisers, to Goldman Sachs, to Al Gore, and more, the founders of the Exchange sold their controlling interest.  Funny.  Sold their interest to an Atlanta based company called Intercontinental Exchange (ICE on the New York Stock Exchange).  Thirty minutes on their site and a couple of business news sites and you will learn that major shareholders in ICE include Exxon-Mobil.  Funny.  British Petroleum holds a large share.  That's funny.  Why isn't MSNBC investigating?  General Electric holds a big piece of ICE.  General Electric owns all the NBC networks.  Now that's funny.

For as long as I can remember, oil prices have gone up around Memorial Day, as Americans hit the road for summer vacations.  Oil prices traditionally go up when hurricane season arrives in June and potentially threatens to interfere with our coastal refineries and oil shipments.  Oil prices always go up with increased regulation, like the recent offshore freezes by the president.  Oil prices always go up when tension in the middle east increases, like it has with the recent incident with Israel blockade of Gaza.  So, in the past 60 days, we have had the worst offshore drilling accident in U.S. history, followed by tightened government restrictions, followed by the arrival of summer vacation season, followed by the start of hurricane season in the Gulf, topped off by extreme tension in the middle east.  Oil prices have gone down in that time.  That's funny.

That's just the oil-related funny feelings.  Throw in the funny worldwide and media reaction to Israel's defending itself against terrorist organizations whose goal is the absolute annihilation  of Israel.  Add the president's funny labeling of Arizona's immigration law as "misguided" before he, his attorney general, his Homeland Security secretary, or anyone else in the administration had even read it.  Add the continued criticism of the law even though an estimated 65% of Americans and over 70% of registered voters nationwide support the law.  Add the passage of a health care law that over 60% of registered voters oppose; a bill whose cost upon analysis by the non-partisan Congressional Budget Office keeps going up.  And finally add the seeming indifference to an unemployment rate staying near 10%, even with funny hiring practices by the Census department reducing the number of unemployed temporarily.

We should have a very funny feeling about all this.  Either they have another crisis planned that they will take advantage of to keep and increase their control, or this Democratic/Progressive Congress and President are the political equivalent of a suicide bomber that is just trying to do as much damage and leave as big a hole as possible when all this blows up.  I have a funny feeling that a large hole is not their goal.