The New Economic Reality

BP recently stated that it will supply block grants of $25 million to the states of Mississippi; Florida and Alabama. These grants BP hopes will pay for the damage caused by these states for there lost of trade. Additional awards of $15 million to Mississippi and Alabama have been granted to pay for the damaged tourist trade. As of this date the oil continues to spill out into the ocean. Sources state that the oil cannot be stopped before August. BP has stated that it has an elaborate technical program designed to cap the oil. Its initial stage of was placing a LMRP cap on the well. This has been the most successful attempt at capping the well since the explosion took place in late April. During this time much to dismay of the entire world hundreds of thousands of gallons of oil were emptied into the Gulf of Mexico causing untold environmental damage; lost of trade in both the fishing and tourism industries. BP‘s executives attempted to shift the blame to Transocean who owned Deep Wate...

It is a shame that we have to go through this. However, Presidents, even progressive ones must be lead by the people. We were promised an end to the war in both Iraq and Afghanistan. Everyday that we wait costs more lives and more money. Just the other day two more soldiers lost there lives in Iraq. It costs 33 billion dollars more to continue the war in Afghanistan. We have 100,000 teachers out of work. One of the economic information sources stated that there were fewer jobs created in the U.S. economy. We need tangible investments that will bring more money and lasting benefits to the society. We cannot afford a war. We need schools, housing and jobs. If one wants to argue that Karzai and the current Afghan regime are more democratic, I believe your argument would be weak. Though many of the pharmaceutical companies need opium and the oil producers need oil, I believe both can be had in Afghanistan and Iraq by offering a reasonable price. We need our lives. We need our tax dollars. ...