Larson Should Stop Trying to Be Serious

While in the minority, Larson was able to keep the usual federal grants coming, rarely tend to the annoying political chores at home and make friends in the Democratic ranks. Larson liked to hang around the power restaurants and meet important people. He got caught by Vanity Fair in December 2001 for having too good a time enjoying wine and song a few days after September 11th, but hey, that's John.
But now, the world is getting into a bit of bind with higher energy costs, terrorism and worst loss of value in the real estate market since the Great Depression. Now John Larson has to get serious, and that is a scary proposition.

Republican Joe Visconti see this for what it is. He understands he has a chance to convince the voters of the First District that they do have a choice and can pick someone who understands energy is in the ground and the terrorists won't give up and that housing isn't something that has to be devalued to be saved. Joe has actually worked for a living, hired and paid people to work and raised children as a single parent.
Every time Larson steps to the microphone, the case for Visconti is made.
On Monday, Larson came to the Legislative Office Building and demonstrated why he can't be allowed to wander around Washington without adult supervision.
He appeared with the usual charts and graphs and rhetoric about who is to blame for the energy problems in the country. And of course, none of it has been the responsibility of the Democratic Congress.
Larson has blamed the speculators as being the problem. Speculators should be reigned in, regulated and should be made to take possession of what they are bidding on or no deal. Also, Larson wants to a Level 3 Inspector General, whatever that is, to the oversight of the commodities markets dealing with oil.
Pardon me, but even Jim Amann understands the laws of the free market.

Speculators are investors - they provide liquidity in the system and they play a critical role in marketplace. Any who buys oil contracts does so to "hedge" against increase in the market. Sometimes they win, when the market goes up. Sometimes they lose. Airlines and other fuel dependent industries, which is almost everyone, have to play in this game. Larson's bill would bring the economy to a standstill.
And he misses the one area which could help, requiring some of these speculators to post 50 percent of the value for the contract, rather than the 10 percent that exists now. That would seem reasonable.
And if that weren't enough for one day, Larson went on to dismiss the idea that we could make some dent in the oil problem by simplifying exploring and digging for more oil. He also propagated the lie that since oil companies haven't drilled in land under lease, they are deliberately not exploring to keep the price of oil artificially high.
It is a FACT that the oil companies have concluded that there is no oil in these locations, but there are millions of additional acres that the companies can't get to because of off-shore prohibitions.
But that didn't stop Larson from trying to be funny.
Larson became confused and mistook a blue's singer for an investment banker, calling bottom-line investor T. Boone Pickens, - "T. Bones Pickens" named after the old Mississippi Delta guitarist or Nashville music producer.
"Even T. Bones Pickens, for God's sakes says no we can't drill our way out of this problem," Larson said, chopping the air with that JFK flair.
Visconti, interviwed on WNPR, said it simply - "it's in the ground, we have to go get it."
And that is the difference between someone who understands the basics.








