Wednesday, June 23, 2010

Two News Stories to Brighten Up Your Day

From Pajamas Media we read that White House budget director Peter Orszag is resigning his Cabinet-level position for personal reasons. From our perspective he looks more like the rat with the good sense to abandon the ship as it's springing a leak. This is the same genius who claimed that Obamacare would "bend the curve" and actually reduce healthcare costs and lower the federal deficit.

Also from the same source: U.S. District Court Judge Martin Feldman on Tuesday lifted the administration’s six-month moratorium on deepwater oil drilling and enjoined the government from enforcing it.

“The court is unable to divine or fathom a relationship between the findings and the immense scope of the moratorium,” Feldman said in his 22-page decision. “The blanket moratorium, with no parameters, seems to assume that because one rig failed and although no one yet fully knows why, all companies and rigs drilling new wells over 500 feet also universally present an imminent danger.”

UPDATE: Taking a stand is not without its risks. Judge Feldman has received death threats because of his ruling. Also, charges that he owned stock in Transocean, Ltd and Halliburton and should have recused himself are untrue, as he sold his shares before the BP oil spill crisis.

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