“Well, you know what they say about paybacks….” That’s not the kind of payback I have in mind, the payback that line refers to is more appropriately called revenge and is a dish best served cold.
I’ve been thinking about other paybacks this week. Tuesday, Senate Republicans blocked a bill that would have taken away tax breaks from the major oil companies, imposed a windfall profits tax on them and directed some of that money toward investments in alternative energy. The five major oil companies have made over 35 billion dollars so far this year. Yes, that’s billion with a “B.” The service rendered by the GOP is a payback for all those campaign contributions the oil companies have showered on them for the past decade. Good luck running on that in November, Republicans. You may run into a payback of the type alluded to in the first sentence above.
Republicans argued that passing such a bill would do nothing to lower the price of gas at the pump and they’re absolutely right. The bill would, however, take some of that money away from the oil barons and put it in service to the American public, so someday this price gouging may come to an end, because we will have developed other ways to live our lives than solely via an oil addiction.
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Learning to Pay Attention
The walls are closing in or, if not the walls, then the groundwood sheets of newsprint, the pixilated screens of the news that never stops. Maybe this is the way we should feel at the end of eight years of presidency/puberty. It’s bad enough having teenagers in the house, but when the house is the White House…
(The Internal Editor is not happy with the presidency/puberty metaphor. “Far too mild,” he says, peering over my shoulder. “Don’t even associate the word ‘presidency’ with this miscreant. Compare him to an autocrat, a tyrant – Vlad the Impaler, something like that.” I think I’ve got a fine metaphorical theme about to unspool, but to placate the Internal Editor I agree to include some of his thoughts, at least parenthetically.)
The price of oil and therefore gas and therefore everything else, is running out of control. The economy crashes through one floor after another. On the news this morning, a couple of former Bear Stearns execs, accused of tripping the first in the series of fateful dominoes, were perp-walked through the streets of New York, the modern equivalent of the stock and pillory. Eighty years ago, at least stockbrokers had the moral fiber to throw themselves off ledges and crash into the streets below. Now they either wind up in rehab, church or a country-club federal prison. Or just pay a $50,000 fine after they assault flight attendants and take a crap on an airplane drink cart. (Yes, Gerard B. Finneran of Citibank and Trust Company of the West, we remember you.)
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