Re: OT-How The (Liberal) Worm Turns----

Bob Giddings wrote:
On Mon, 31 Mar 2008 11:17:46 -0400, little canoe
<camp@xxxxxxxxxx> wrote:

Lone Haranguer wrote:
little canoe wrote:
Lone Haranguer wrote:

Whetstone, AZ
A commercial well recently completed along Oak Street west of Highway 90 on property overseen by a former governor is a sign there could be more to come.

And that has some area residents concerned.

The well is the property of a corporation, BBA Foresight, with Bruce Babbitt, former governor of Arizona and interior secretary during the Clinton administration, named as manager.

In addition to the potential impact on private wells, Whetstone residents question the long-term impact a well that size could have on the Upper San Pedro Water Basin.

Congress established the San Pedro Riparian National Conservation Area in 1988, directing that the river water should flow so its fragile ecosystem would continue to flourish. During a visit to this area on April 28, 2000, while Babbitt was secretary of the interior, he issued a stern warning, stating that if something isn’t done to reduce development in the Upper San Pedro River Basin, a federal court may dictate growth limits and decide the area’s future.

“If development begins to affect the San Pedro River, as it will, there will be litigation, I’m sure of it,” Babbitt stated during that visit. “Ensuring the river flows is a legally enforceable right.”

When questioned about potential impact to the river, he said, “I’m not concerned about that because the well is far enough from the river.”
*********************
Translation: Babbitt the eco-freak has a chance to make some money out of this development.

And GB has the gall to state that liberals are the only ones who care about the environment. I guess Babbitt has become a conservative in his dotage.
LZ
These people are neither conservative or liberal. They are greedy predators using cash and status to abrogate Laws, rewrite Laws and buy influence to step on society, individuals, and the Republic for their own pockets.
Yahbut Babbitt the Rabbit was Secretary of the Interior in a liberal administration. When he had the power, he closed off access to National Forests, tried to completely shut down access to some BLM lands and wildlife refuges and gave away federal campgrounds (COE) to states for political reasons.

He spent $6 million to introduce a few wolves in the White Mountains and the critters didn't last a year.

The ecofreaks who voted for Democrats loved him. Obviously all his environmental zeal was strictly a vote-buying tool, not something he actually believed in.

I wonder if they feel used and stupid now?
LZ

You should read what the prez is going to "do" to cure the problem of the Speculators and the Market on the financial mess the predatory lenders have wrought.
He's proposing more regulation on already regulated traditional banks that actually have cash, from deposits etc.
They were no and are not the problem. He subscribes to the idea that you can't lose money on underestimating American Citizens.
Perhaps the globalists are right and Americans are stupid enough to continue to let Globalist gamblers and Big Business make the Laww and prey on U S Citizens.

"I'm forever blowing bubbles,
pretty bubbles in the air..."

-- Alan Greenspan

Let's see. Grossly expanded credit causes excessive leverage
which causes people to dismiss risk and make extremely poor bets
which fail....

So the answer is to provide more credit?

This isn't a credit crisis. It's an insolvency crisis. Giving
more power to the Fed is a bit like putting the Arsonist in
charge of putting out the fire...

Bob

The problem is that 1 the Lenders didn't have any money to lend. They were leverging
over 34 times what they had in credit.The Fed is bailing out, not banks, but speculators and the market.
The cry of course is to prevent a recession. They are comming to the market's aid not the Citizen's though.
They say the citizens is the problem by not being prudent. It says something when over 10,000,000 Citizens or whatever the actual number is. were not prudent. To be prudent to the market's standard would require that Joe Average should be an economics professor and a graduate of Yale Law School. The Lenders looked at the risk and said they were acceptable. They in fact misled. That's what deregulation did. They have nobody looking out for the consumer and no one stopping them from any predation they can dream up.
The borrowers bought the only contracts available. If they didn't need the money they could have borrowed against their deposits at less than what the market was yielding and still had a tax deduction. The "banks" that are engaged in this continuing game still don't want to lend money at prime plus 3 or whatever because they don't want to be locked into what is a good return with the compounding and charges. They want to lend the same junk loans. Doesn't matter if your score is 850 and you have a years pay, ib the bank. If you want to refinance they want to do a new mortgage with points(to replace interest) and of course you pay interest, on what is essentially interest. All the other charges they sell, to do the financing, plus compounding actually makes the 5.25 or 4.75 they quite a joke. If you don't have 20% down on a first mortgage they require insurance so they won't lose if you default, and you to borrow the 20% a such aa high rate that it will be be as much as a third or more of the payment of the mortgage. They have so rewrote the law that avarage consumers are going to have to pay the bakn much more than the purchase price of the home.
.

Relevant Pages

  • Re: OT-How The (Liberal) Worm Turns----
    ... A commercial well recently completed along Oak Street west of Highway 90 on property overseen by a former governor is a sign there could be more to come. ... The well is the property of a corporation, BBA Foresight, with Bruce Babbitt, former governor of Arizona and interior secretary during the Clinton administration, named as manager. ... In addition to the potential impact on private wells, Whetstone residents question the long-term impact a well that size could have on the Upper San Pedro Water Basin. ... During a visit to this area on April 28, 2000, while Babbitt was secretary of the interior, he issued a stern warning, stating that if something isn’t done to reduce development in the Upper San Pedro River Basin, a federal court may dictate growth limits and decide the area’s future. ...
    (rec.outdoors.rv-travel)
  • Re: OT-How The (Liberal) Worm Turns----
    ... A commercial well recently completed along Oak Street west of Highway 90 on property overseen by a former governor is a sign there could be more to come. ... The well is the property of a corporation, BBA Foresight, with Bruce Babbitt, former governor of Arizona and interior secretary during the Clinton administration, named as manager. ... In addition to the potential impact on private wells, Whetstone residents question the long-term impact a well that size could have on the Upper San Pedro Water Basin. ... During a visit to this area on April 28, 2000, while Babbitt was secretary of the interior, he issued a stern warning, stating that if something isn’t done to reduce development in the Upper San Pedro River Basin, a federal court may dictate growth limits and decide the area’s future. ...
    (rec.outdoors.rv-travel)
  • Re: OT-How The (Liberal) Worm Turns----
    ... A commercial well recently completed along Oak Street west of Highway 90 on property overseen by a former governor is a sign there could be more to come. ... The well is the property of a corporation, BBA Foresight, with Bruce Babbitt, former governor of Arizona and interior secretary during the Clinton administration, named as manager. ... In addition to the potential impact on private wells, Whetstone residents question the long-term impact a well that size could have on the Upper San Pedro Water Basin. ... During a visit to this area on April 28, 2000, while Babbitt was secretary of the interior, he issued a stern warning, stating that if something isn’t done to reduce development in the Upper San Pedro River Basin, a federal court may dictate growth limits and decide the area’s future. ...
    (rec.outdoors.rv-travel)
  • OT-How The (Liberal) Worm Turns----
    ... A commercial well recently completed along Oak Street west of Highway 90 on property overseen by a former governor is a sign there could be more to come. ... The well is the property of a corporation, BBA Foresight, with Bruce Babbitt, former governor of Arizona and interior secretary during the Clinton administration, named as manager. ... In addition to the potential impact on private wells, Whetstone residents question the long-term impact a well that size could have on the Upper San Pedro Water Basin. ... During a visit to this area on April 28, 2000, while Babbitt was secretary of the interior, he issued a stern warning, stating that if something isn’t done to reduce development in the Upper San Pedro River Basin, a federal court may dictate growth limits and decide the area’s future. ...
    (rec.outdoors.rv-travel)