Friday, August 29, 2008

Obama's Acceptance Speech and McCain's VP Pick

Finally, Barack Obama showed the fire in his belly last night as he addressed 75,000 gathered to hear his acceptance speech. He was strong, presidential, forceful, personal, and visionary. I hope to add the video here shortly. What a presidential race this is turning out to be! The Obama/Biden ticket looks solid and prepared for the last legs of this race. Here's what he said last night:



And now, it looks like John McCain has chosen to put a woman on his ticket, Alaska Governor Sarah Palin, to counterbalance the historicity of a first African American president with the first female American vice president...also to balance out his Washington insiderness with a complete outsider. We don't know much about her yet, beyond her conservative creds, but this report from MSNBC's First Report leads us to wonder just how well she was vetted:

From NBC's Domenico Montanaro
Earlier this month, Gov. Palin praised parts of Obama's energy plan. The link to the press release was not working as of 12:30 p.m. ET. But Google saves everything.

Palin Pleased with Obama's Energy Plan
Includes Alaska's Natural Gas Reserves Print Now Printer Friendly

No. 08-135

August 4, 2008, Fairbanks, Alaska - Governor Sarah Palin today responded to the energy plan put forward by the presumptive Democratic nominee for President, Illinois Senator Barack Obama.

"I am pleased to see Senator Obama acknowledge the huge potential Alaska's natural gas reserves represent in terms of clean energy and sound jobs," Governor Palin said. "The steps taken by the Alaska State Legislature this past week demonstrate that we are ready, willing and able to supply the energy our nation needs."

In a speech given in Lansing, Michigan, Senator Obama called for the completion of the Alaska natural gas pipeline, stating, "Over the next five years, we should also lease more of the National Petroleum Reserve in Alaska for oil and gas production. And we should also tap more of our substantial natural gas reserves and work with the Canadian government to finally build the Alaska natural gas pipeline, delivering clean natural gas and creating good jobs in the process."

Governor Palin also acknowledged the Senator's proposal to offer $1,000 rebates to those struggling with the high cost of energy.

"We in Alaska feel that crunch and are taking steps to address it right here at home," Governor Palin said. "This is a tool that must be on the table to buy us time until our long-term energy plans can be put into place. We have already enjoyed the support of Alaska Senator Ted Stevens, and it is gratifying to see Senator Obama get on board."

The Governor did question the means to pay for Obama's proposed rebate - a windfall profits tax on oil companies. In Alaska, the state's resource valuation system, ACES, provides strong incentives for companies to re-invest their profits in new production.

"Windfall profits taxes alone prevent additional investment in domestic production. Without new supplies from American reserves, our dependency and addiction to foreign sources of oil will continue," Governor Palin said.

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