Glick Report
  • August 4, 2008 08:02 AM EDT by Alexis Glick

    Call Congress Back in Session

    Much to my great shock, Obama did the unthinkable this weekend and agreed to “limited” offshore drilling. Woohoo!!!!

    As you know, McCain has been in support of offshore drilling and so has the American public. Recent polls have suggested as many as 75% of Americans surveyed are in favor of offshore drilling if it can help lower prices at the pump. Republicans have been all for it and Democrats have been very much against it. Obama took a leap of faith here. I like it and think it’s about time. He’ll get beaten up by McCain on ads, but he may have just won some independent votes. Republicans will like it, in hopes that he can bridge the gap between Dems and the GOP on an energy bill. Dems may be angry with him, but they clearly had the wrong stance on this issue. Fighting about the 68 acres that oil companies already have leases to was a losing battle. I don’t know why they fought this to death -- it makes me nuts.

    I am very happy to see that a bipartisan group of senators on Friday put together a proposal that included some offshore drilling. Compromise is key, and the Dems have to get into the compromise game on this issue or else they will lose more seats than they care to admit in November’s election. Flip Flopping. Who cares? Sometimes changing your mind -- whether you’re a Democrat or a Republican -- means you’re listening to your constituency and reassessing the situation as needed.

    Now get a bill done ASAP, and we can applaud this Congress for a stimulus package, a housing bill and an energy bill. President Bush, have the moxy to call them back into session as Republican Congressman Pence recommended and get them to vote an energy bill into law and sign it.

chuck

This has broken over the wire via the Drudge Report and Politico.com Speaker Pelosi is now caving in. She now stated that her own Democrats can come out and support off shore drilling. She's feeling the real heat from her own rank and file Democrats who are wary about losing thier seats in the House of Reps. And the Republicans have been applying real hard pressure. But the gang of ten in the Senate do derserve some credit and in the house a Republican Rep from Pennsylvania and a liberal Democrat Rep from Hawaii have pool thier sources together to get thier own bill which has off shore drilling. Speaker Pelosi should have this biil in her congress. Becouse Hawaii suffers from high gas prices too. But keep up the pressure on the politicians; they deserve to feel the wrath of the American people.

August 5, 2008 at 11:31 am

chuck

First Speaker Pelosi and Majority Leader Reid owe the public an explaination how thier wing of the party is so anti-energy. They have violated the will of the people. Worst thier ideas have been tried and they have failed. Speaker Pelosi needs to remove her blinders. If she wants to save the world and her own state of California,where now the govenors of Washington and Oregon now want Offshore Oil Drilling,she and Harry should realize the American People are smarter than they are. Senator Obama owns intitiatives which he annoounced in Lansing,Michigan now free market problems. That is taxing the oil companies isn't a short term solution. Professionally what does a Harvard Educated Lawyer know about economics? The supply and demand of the marketplace? His ideas would only generate inflation issues as Charles Payne pointed out earlier this morning. These Deomocratic senators and reps are overlooking a basic companent: off shore drilling would generate new jobs for everyone. Think of construction for new rigs,rig ships and communities on both coasts,the Gulf Coasts which have high enemployment. This part of the issue isn't being discussed; and the public is getting tired of Washington Policy Wonks giving them lip service and failed arguements. All four corners of the states people rich,poor and middleclass are suffering. Left wing socialist thinking doesn't work nor does handouts. The future is at stake. Frankly the public is getting fed up with the save the world explaination. U can't save the world with empty statements.

August 5, 2008 at 11:03 am

about this blog

  • Alexis Glick is an anchor for FOX Business Network. Prior to joining FOX, Glick served as a correspondent for the Today Show and co-anchored the third hour of that program. Before her stint at NBC News, she was the senior trading correspondent for CNBC and reported from the floor of the New York Stock Exchange.

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