Read the story and see the graphs at http://www.americanthinker.com

A must read on the tragedy of Obamanomics. Read “The new Abnormal” at Hot Air.

Reuters reported, via Free Republic:

Brazil could benefit from the BP Gulf of Mexico spill as a U.S. moratorium on offshore drilling boosts available rigs for the country’s deep water oil exploration program.

Even as an ecological catastrophe makes the future of U.S. offshore drilling less certain, Brazil is plowing ahead with a $220 billion five-year plan to tap oil fields even deeper than BP’s (BP.L) ill-fated Gulf well, which is still leaking crude.

With an estimated 35 rigs idled in the Gulf of Mexico, Brazil is already receiving inquiries from companies looking to move their rigs here, where vast discoveries in recent years may soon turn the country into a major crude exporter.

“What is bad for some may be good for others,” said Fernando Martins, Latin America Vice President for GE Oil and Gas, which provides services to drillers in Brazil.

“Since operators are shutting down at least temporarily in the U.S. Gulf, some companies are planning to move their rigs to Brazil now,” he said, without offering details.

‘Fascism should more properly be called corporatism because it is the merger of state and corporate power.” — Benito Mussolini

“…In the technical sense, in the economic definition of a what a socialist is, no, [Obama]‘s not a socialist. He’s a corporatist. And unfortunately we have corporatists inside the Republican party and that means you take care of corporations and corporations take over and run the country.” – Ron Paul

Carol at Sheeple has more thoughts on the matter of Obama continually mocking the American people.

Here’s the take from Investors Business Daily:

By presenting the CBO with incomplete, inaccurate and misleading data, the Democrats in Congress were finally able to come up with a cost score they like: $940 billion.

That’s the estimate the CBO arrived at. Like a used car dealer pricing a car at $9,999 instead of $10,000, the hucksters in Congress were anxious to get the official cost below the scary $1 trillion level at which things suddenly sound very unaffordable.

Using the rigged $940 billion estimate, Democratic leaders now hope to force a health care bill through as early as Saturday, seizing 17% of the U.S. economy by simply “deeming” the bill is passed — rather than actually passing it in an up-or-down vote.

In fact, the real cost of this health care takeover is more like $2.5 trillion over 10 years — not $940 billion. That’s off by, oh, 166%.

Here’s a better idea: KILL THE BILL. Cost? …. ZERO

Screw the kids, it’s the RETIRED teachers our tax dollars are supporting: “…The [school] board will cut band and sports, and increase class size, to make the pension payments.”

The ACORN Crime Family is shutting down and ReNaming is Underway. But wait! If they aren’t around to launder money, how will politicians pocket billions of taxpayer dollars for themselves?

Gallup’s daily measure of U.S. employment reveals that 19.9% of the U.S. workforce was underemployed last month, translating to close to 30 million Americans who are working less than their desired capacity.

Unintended consequences: Fearing Obamanomics, Obamacare, and Obammunism states loosen gun laws.

Limbaugh: Romney’s endorsement of McCain is suicidal.

This will piss them off: A prominent Illinois Democrat is vice chair of a group paying Sarah Palin $100,000 to appear.  The speech sold out on the first day.

The Nothingness called Carbon Trading Market: “… is based on lack of delivery of an invisible substance to no-one.”

Gulp. Millions of unemployed Americans could face “years” without jobs?

Handsome dudes Todd Palin and partner Scott Davis have started the 2010 Iron Dog race.

Krauthammer: Obama Failed Because The System Worked

Shakespeare himself could not have chosen a better foil for Barack Obama than Sarah Palin.

Obama creates panel to find out why he why spending so much money has created such a huge deficit.