The Lake Erie Reporter

The Lake Erie Reporter

This is the home page.

This web page is devoted to providing rational, fact-based opinions on political and other matters. The orientation is progressive, but a sincere effort is made to avoid rumors, emotion, invective, and anger. Much of the material examines how the new conservatives have gained control of the United States. Attention is also given to stories that have been neglected by the mainstream press.

If you are put off by the liberal politics, you may find the material on religion and American ideas interesting.

Your writer , a retired gentleman with too much time on his hands, is not very good at editing his own material. It is hoped that the gentle reader can live with some typos and missing words.

Personal savings in the United States in 1982 amounted to $480 billion, and it has declined to $103 billion today. To continue to sustain high consumption levels, people are now borrowing on the increasing values of their homes. If the housing bubble pops, many of these folks will be ruined. When the next recession comes, therer will not be enough private savings to recharge it.

The Cheney Energy Bill provides direct payments of $2 billion to deepwater oil and gas drillers. The money will be distributed by Texas Energy center, a firm close to Tom DeLay.

Firms drilling for oil on federal lands no longer will be required to pay cash royalties. Instead, they can provide in-kind services and establish the value for those services.

The Senate version of the bill provides DKRW Energy of Houston loan guarantees to build a 2.8 billion coal-liquification plant in Wyoming. The firm is named for four former Enron executives, including Thomas White, former Secretary of the Army who operted the Enron Energy Division (EES) during the California energy crisis.

The manufacturer of MTBE, a gasoline additive, will receive liability protections and a $3 billion subsidy to produce a replacement for it.

Deadlines for the cleanup of ozone pollution will be extende3d.

Radioactive weaste from a uranium extraction plant in Fernald, Ohio is reclassified as only a "byproduct material" so it can be stored in ordinary landfills.