Posts Tagged ‘President Bush’

Sugar Water: Adieu, “Water” Lou

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A nation mourned Wednesday night, as CNN’s Lou Dobbs, an outspoken critic of illegal immigration, announced his retirement from the network. Though it’s still unclear which nation is in mourning, experts have conclusively ruled out Mexico.

According to the Associated Press, the controversial newsman “angered CNN management this summer by pressing questions about President Obama’s birth site after CNN reporters determined there was no issue.”

I myself was skeptical of the president’s birthplace until he drank a domestic beer — Bud Light — at the July 30 “beer summit.” Then I remembered that Anheuser-Busch, the makers of Bud Light, sold their company last year to InBev, a Belgian company. Thanks to CNN’s shortsightedness, we may never find out if InBev is secretly run by Kenyan expatriates.

This isn’t the first time Dobbs has left CNN. He was one of its original anchors back in 1980 when it debuted, overseeing financial news and hosting Moneyline. But in April of ‘99, after being reprimanded by the network’s then-president, Rick Kaplan, for cutting away from a speech by President Bill Clinton on the Columbine shootings, Dobbs announced that he was departing CNN, saying he wanted to focus on a new website he’d founded, Space.com, because in space no one can hear you call your boss an idiot.

(I was working at CNN in a bottom-rung position back in 1999, and I would bet money that Kaplan’s voice, which combined the omnipotence of God with the volume of a T. Rex, can be heard in space. If I remember correctly, he was also nine feet tall.)

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Dw. Dunphy On… Get Me Some Money Too

In response to the nearly self-fulfilling prophecy of a recession, President Bush recently announced proposals to offer tax rebates in the ballpark of $150 billion. He also proposed a kick-in for industry to help support production, all in the name of boosting a rapidly sagging economy. There’s just one problem with his intentions — they won’t work.

The biggest variable is the price of oil. It depresses the value of the dollar worldwide, it crushes the budgets of millions of American households, and there isn’t a damn thing we can do about it. With the tables shifting in world economics and China booming with industry, if we had the ability right now to reject Middle Eastern oil outright, the effect on the price per barrel is presumed by most analysts to be negligible.

This, of course, is the pebble at the center of the massive snowball. Those American households I mentioned are dealing with a lot — subprime mortgages, credit crises, foreclosure, unemployment, and the winter cold that doesn’t care about the price of oil or the size of your home or how far you have to drive to an underpaying job. (more…)