You are currently browsing the daily archive for December 16, 2008.
It seems McCain could see what we all saw – Palin is no where near qualified and some of her ideas are borderline reckless.
In an interview with ABC’s “This Week,” Senator John McCain refused to endorse his former running mate Governor Sarah Palin for the Republican nomination in 2012.
When the network’s George Stephanopoulos asked McCain whether he hoped that Palin would become the Republican Party’s standard bearer in 2012, he refused to endorse her. “I can say something like that,” McCain said.
Stephanopoulos then pushed McCain by asking whether it was not strange that he endorsed Palin for vice president.
“Now we’re in a whole new election cycle,” McCain said. “My corpse is still warm.”
He went on to explain that there are a lot of other Republican governors who could play a vital role in the party.
Stephanopoulos was right to point out that McCain’s answer was strange in so far that he only endorsed Palin for vp weeks ago. He wanted her to become America’s president if something would happen to him. As such, it would make sense for him to speak positively about Palin for 2012.
McCain supporters could, of course, argue that the senator is right in so far that 2012 is four years off, and that someone else may win the nomination of his party then. Who knows, perhaps Palin will fall off the national stage pretty soon.
True, but he should have praised her nonetheless and indicated full support for her no matter what career path she chooses nonetheless. His reaction gives many the impression that he does indeed blame Palin to a considerable degree for his defeat which hurts both him and Palin.
McCain’s refusal to truly stand by Palin is an indication of his attempt to recreate a centrist image for himself, an image he had for decades, but which was destroyed during the Republican primaries and, especially, the national election. The ‘Maverick’ Senator from Arizona realizes that he lost the election partially due to the destruction of his centrist image and is, it seems, determined to get back that which he lost. One also notices that he has spent considerable time recently defending president-elect Barack Obama on a wide range of issues, especially on the Blagojevich corruption scandal.
The above all fits perfectly into the notion that McCain is trying to salvage his reputation as a centrist Republican, willing to reach across the aisle. Endorsing Palin would hamper this attempt somewhat due to her reputation as a hardliner, a true card carrying member of the Republican Party’s Christian conservative base.
As such, his reaction to Stephanopoulous should be interpreted as nothing more, or less, than an attempt of a man who lost the presidential election to restore his image and to continue being relevant in Washington, D.C.
From the plains of North Dakota to the deep waters of Brazil, dozens of major oil and gas projects have been suspended or canceled in recent weeks as companies scramble to adjust to the collapse in energy markets.
It would be foolhardy to depend on today’s lower energy prices – in this stalled economy – to determine whether or not we should develop alternatives to oil – as within two years we are going to be faced with the same climbing energy prices and the same scarcity of oil.
In the short run, falling oil prices are leading to welcome relief at the pump for American families ahead of the holidays, with gasoline down from its summer record of just over $4 to an average of $1.66 a gallon, and still falling.
But the project delays are likely to reduce future energy supplies — and analysts believe they may set the stage for another surge in oil prices once the global economy recovers.
Oil markets have had their sharpest-ever spikes and their steepest drops this year, all within a few months. Now, with a global recession at hand and oil consumption falling, the market’s extreme volatility is making it harder for energy executives to plan ahead. As a result, exploration spending, which had risen to a record this year, is being slashed.
The precipitous drop in oil prices since the summer, coming on the heels of a dizzying seven-year rise, was a reminder that the oil business, like those of most commodities, is cyclical. When demand drops and prices fall, companies curb their investments, leading to lower supplies. When demand recovers, prices rise again and companies start to invest in new production, starting another cycle.
Read it all…
President-elect Barack Obama will name Arne Duncan, the superintendent of schools in Chicago, to be his Secretary of Education, a senior Democratic official and a second person close to the decision said.
Mr. Duncan is a Harvard graduate whose friendship with Mr. Obama began on the basketball court and flowered into frequent discussions of education policy.
He has seven years’ experience as chief executive of the Chicago Public Schools, the nation’s third-largest school district, where he has earned a solid reputation for confronting pressing issues in public education, like how to raise teacher quality, how to transform weak schools and when to shutter those that are irredeemably failing.
Word of the selection comes as Mr. Obama’s transition team said Monday that he would make an important announcement on Tuesday morning at the Dodge Renaissance Academy, an elementary school that Mr. Duncan and Mr. Obama visited together in October 2005.
Source: The Caucus
Read transcript of President-Elect Barack Obama’s Energy and Environment team announcement