Ron Paul calling for hearings on falling dollar’s impact on oil prices

Posted on July 3rd, 2008 by bile Tags: , , , , , , , , , , , , , , , , , , , , , , ,

http://www.fortbendnow.com/…

In the face of $4 per gallon gasoline and predictions the price will rise to $7 by the end of summer, Congressman Ron Paul (R-Lake Jackson) is calling on Congress to explore how the weakened value of the dollar may be contributing to the rise in oil prices.

Paul, whose 14th Congressional District of Texas includes part of the Katy area and much of Cinco Ranch, said he wants Congress to hold hearings on the relationship between the falling value of the dollar and the recent rise of oil prices.

As ranking member of the House Subcommittee on Domestic and International Monetary Policy, Paul sent a letter earlier this week to Rep. Barney Frank (D-Mass.), chairman of the House Financial Services committee, asking for the hearings.

“The price of oil is currently among the most pressing issues to American workers,” Paul said. “Congress should be examining all factors contributing to the high cost of oil, and monetary policy is one of the key factors in the run-up in price.”

Paul’s letter pointed out that the price of oil in dollars has risen 39 percent this year. Oil in Euros has only risen 30 percent, resulting in degraded purchasing power of the dollar of at least 80 cents of the increased price of a gallon of gas.

“Neither the Federal Reserve nor the Treasury Department have been willing to take responsibility for the dollar’s slide over the past several years, while American consumers have been forced to pay continually higher prices for gasoline, heating oil and numerous other imported products upon which Americans depend,” Paul noted in his letter. “American consumers cannot afford to allow continued lax Congressional oversight of the Federal Reserve and the Treasury Department’s duties as stewards of the dollar, especially since the dollar is a major factor in the skyrocketing price of oil.”

Besides himself, 16 other Members of Congress signed on to the letter, including ranking member of the House Committee on Financial Services Spencer Bachus, and Chairman of the Republican Study Committee, Rep. Jeb Hensarling.

Hopefully DownsizeDC will get something going on this. If anything this could be an educational tool for those who would be participating. The more congress critters who understand economics, even a little bit, the better.

Free healthcare can be quite expensive

Posted on June 17th, 2008 by bile Categories and Tags: Uncategorized, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

http://www.timesonline.co.uk/…

The National Health Service is providing dying cancer patients with drugs that are five times less effective than those available privately and is refusing to treat them if they try to buy medicines themselves.

One drug for kidney cancer, routinely available through public health systems in most European countries but not to British patients, can reduce the size of tumours in 31% of patients, compared with just 6% of those prescribed the standard NHS drug.

The growing row over “co-payments” has prompted the government to reconsider the ban. Alan Johnson, the health secretary, has promised a “fundamental rethink” of the policy.

Research presented at the American Society of Clinical Oncology found that kidney patients taking the new drug Sutent lived six months longer than those prescribed alpha interferon, the NHS treatment.

The failure of the NHS to make more effective drugs available to cancer patients has been condemned as “unethical” by leading doctors.

A woman with bowel cancer is fighting for the right to pay for a drug that could extend her life long enough for her to spend Christmas with her grandchildren.

Sheila Norrington, 59, a former NHS medical secretary from Maidstone, Kent, has been told by doctors that if she buys the drug Erbitux, which the health service will not pay for, she will lose her state-funded cancer care. Erbitux is the only drug capable of treating her advanced bowel cancer.

Norrington’s husband, Goff, 61, a former sales manager, said: “We have been told that if we pay for it ourselves we will be thrown off the NHS completely and we will need to pay for everything privately. We are devastated. This is not going to cure my wife, but if it keeps her alive a little bit longer, then we would pay for it.”

The couple say that although they could pay for a few cycles of the drug, which costs about £3,000 a month, they could not pay for all Norrington’s care, including scans, blood tests and consultations.

Goff Norrington added: “We have two young granddaughters and this could make the difference between sitting round the table with them at Christmas or not. We think it is deplorable that patients can get this drug almost anywhere in Europe but we cannot get it in the UK.”

A spokesman for Maidstone and Tunbridge Wells NHS Trust said: “We are governed by Department of Health policy on this issue.”

A poll for The Sunday Times shows strong support for allowing co-payment in the National Health Service, with 89% saying that people who buy additional cancer drugs should continue to get free NHS treatment.

Only 5% think allowing co-payment would create a two-tier NHS. Until now this has been the position taken by Alan Johnson, the health secretary.

Ministers had feared that allowing co-payment would upset less well-off patients, but the YouGov poll of nearly 1,800 people shows strong backing across the social spectrum and supporters of all three main parties.

Lee over at MooreWatch.com I think said it all: “This, of course, begs the question.  If compassionate free government healthcare can’t provide, y’know, actual healthcare to patients, and they are forced to paying massive amounts of money to buy their own treatments, maybe the solution to the problem is less free government healthcare and more private sector solutions.”

When will these people realize that the government can not negate scarcity? The only thing that can bring more and better healthcare to the masses is an increase in their wealth and the only way to do that is capital accumulation through free market capitalism.

UK: Crackdown on cigarettes, attack on person responsibility

Posted on May 31st, 2008 by bile Categories and Tags: healthcare, police state, tobacco, , , , , , , , , , , , , , , , , , , , , , , 9 Comments »

Next step full prohibition… because “we all pay for your unhealthiness.”

Police officer convicted of killing an unarmed furniture deliveryman, keeps pension

Posted on May 28th, 2008 by bile Categories and Tags: Maryland, police, , , , , , , , , , , , , , , ,

http://www.washingtonpost.com/…

Former Prince George’s County homeland security official Keith A. Washington was sentenced to 45 years in prison yesterday for fatally shooting one unarmed furniture deliveryman and wounding another at his Accokeek home last year.

Circuit Court Judge Michael P. Whalen said the evidence contradicted Washington’s claim that he was under attack by the two larger men when he opened fire. “There wasn’t one discernible injury [on Washington] to any of the medical personnel who examined him,” said the judge, who imposed a term five years longer than prosecutors had sought.

Washington, who was also a county police officer at the time of the shooting, addressed the court for more than 10 minutes, apologizing to his family and friends for putting them through what he called a “spectacle.” He spoke of his effort to live with “courage and integrity,” and he cited historical figures, including Sojourner Truth, W.E.B. DuBois, Crispus Attucks, Thomas Jefferson and George Washington.

Washington, 46, admitted no wrongdoing. At one point, he turned to Marilynn Clark, mother of slain deliveryman Brandon Clark, and said, “I did not murder your son.”

Several months after the shooting, Washington left his homeland security post, and he was later granted medical disability from the police force. His disability benefits and police pension are not affected by his convictions, county spokesman John Erzen said.

We get to pay for him to stay in prison and we get to pay his family his pension. The victim’s family victimized twice more.

More endorsement of war by the “peace candidate”

Posted on May 27th, 2008 by bile Categories and Tags: Democratic Party, police state, , , , , , , , , , , , , ,

http://blogs.suntimes.com/…

For the people of Colombia – who have suffered at the hands of killers of every sort – that means battling all sources of violence. When I am President, we will continue the Andean Counter-Drug Program, and update it to meet evolving challenges. We will fully support Colombia’s fight against the FARC. We’ll work with the government to end the reign of terror from right wing paramilitaries. We will support Colombia’s right to strike terrorists who seek safe-haven across its borders. And we will shine a light on any support for the FARC that comes from neighboring governments. This behavior must be exposed to international condemnation, regional isolation, and – if need be – strong sanctions. It must not stand.

Because getting into other people’s philosophical civil wars, continuing the drug war and strong sanctions are good things. Like they lead to any sort of positive outcome. Their hope for change looks more like a shame every day. If only the anti-war advocates supported the true anti-war candidate we’d have a real chance for change.



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