Fannie Mae and Freddie Mac. William McGurn offers the basis for a presidential speech on the subject: “Think of these bad loans as a nasty leak polluting our financial system.”
The Gulf Spill.
A federal district judge has blocked
the administration’s six-month drilling ban. At a quick glance, it appears that the judge is saying that “the precautionary principle” is not a valid basis for such an action.
Here is a statement
from the Institute for Energy Research about the judge’s ruling. (Full disclosure, I am a part-time copyeditor for IER.)
Beyond Petroleum. Here is a timely reminder
of just how much BP was the favorite oil company of the Left, including now Secretary of Energy Steven Chu (who is, by the way, a Nobel Prize–winner)