Published on Thursday, July 17, 2008
By Pasadena Star Staff Writer
IF any of these things happen to you, run, don't walk, to the nearest metaphoric exit:
A guy on a street corner tries to sell you a gold watch.
A "financial adviser" promises you double-digit returns on your investment.
A lame duck president pulls a major policy change out of his hat, the consequences of which will extend far beyond his term of office.
Let's assume you're smart enough to avoid the first two pitfalls and instead focus on No. 3.
President Bush, a half-year short of concluding what might be charitably called a controversial two terms in office, this past week lifted a presidential ban on offshore drilling, saying it would ease pressure on oil prices by increasing domestic production.
"With this action, the executive branch's restrictions on this exploration have been cleared away," Bush said. "This means that the only thing standing between the American people and these vast oil resources is action from the U.S. Congress
Read Full Article...
Comment/Review this Podcast:
Give us your feedback
Pasadena Star-News is interested in hearing what you think about our Podcasts.
You can give us your feedback by filling out our Audience Survey.
RSS
