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POPSPolitical Oil Purely a political move by the administration feels you pain on high gas prices. Oil and natural gas on the OCS is still as off limits as it was before the president made the announcement.
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POPSAnother Chance for Boeing Don't be surprised if Northrop/EADS still gets the bid. The Pentagon previously said it was happy with the original outcome, and Young doesn't want to split the bidding.
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POPSGoing Ba(ra)ck On His Word? Obama opts to pursue private financing, resulting in a blitz of protest from McCain's camp. This was expected as Obama raised an unprecedented level of cash during the primaries. It also invites more scrutiny of his donors.
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POPSGAO Lifts Boeing It's a snub to the Air Force and Northrop, certainly. But the GAO's decision doesn't mean the Air Force will re-do the bid.
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POPSWhat A Veto Threat Really Means Sure, President Bush opposes Congress' foreclosure rescue plan because it's a bailout, but there's another reason for the veto threat--leverage. Here's a good take on the issue from Politico.com
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POPSEasing the Ethanol Mandate Smart move on McCain's part. He gets to look like he's doing something to resolve the food crisis. Will EPA waive the increased ethanol production? Not a chance.
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POPSMcCain, Hillary, Obama, Economy Start paying attention now to what the three presidential contenders are saying about the economy. Regardless of who gets the Democratic nomination, that's going to be the overriding issue in November.
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POPSMurdoch vs. FCC Seems only fitting that the News Corp. media mogul would be the one to challenge the FCC's media ownership rule.
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POPSBoeing Doing Just Fine Boeing may not have gotten the tanker deal (awarded to EADS and Northrop Grumman), but it appears to be moving ahead quite well.
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POPSCrackdown in Colombia Some Democrats in Congress have cited violence in Colombia for holding up a free trade deal between Washington and Bogota. Looks like the Bush administration is trying to curb the FARC's powers.
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POPSHow to win votes in a credit crunch No lawmaker wants to be accused of not doing enough to help kids go to college. Expect this one to pass in the Senate as well. But remember: the more loans the government buys, the more it adds to the national debt. Stay tuned.
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POPSSEC Not Happy With Proposals Former SEC chairs don't like Paulson's proposal to overhaul the regulatory system? Not to worry. The administration and Congress know that proposal is going nowhere. Think of it as an academic exercise for a future administration to consider when revamping the financial regulatory system.
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POPSA boost for free trade? Latin America's recent military spending might give Congress a reason to take another look at pending free trade agreements with Colombia and Panama.
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POPSPrelude to a Recession If the U.S. does end up in a recession, this report could very well be the indicator remembered as the tipping point.
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POPSBoeing's Big Loss Obviously, this is a crushing blow for Boeing. But be wary of alarmist cries that awarding the contract in part to EADS is a blow to the U.S. as the economy teeters on recession. The deal shows that the U.S. is still open to foreign investment, and it's a boon to the already booming manufacturing sector in Alabama.
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