Thursday, October 30, 2008

MIT scientists baffled by global warming theory, contradicts scientific data

http://www.tgdaily.com/content/view/39973/113/

Trendwatch
By Rick C. Hodgin
Thursday, October 30, 2008 09:55

Boston (MA) - Scientists at MIT have recorded a nearly simultaneous world-wide increase in methane levels. This is the first increase in ten years, and what baffles science is that this data contradicts theories stating man is the primary source of increase for this greenhouse gas. It takes about one full year for gases generated in the highly industrial northern hemisphere to cycle through and reach the southern hemisphere. However, since all worldwide levels rose simultaneously throughout the same year, it is now believed this may be part of a natural cycle in mother nature - and not the direct result of man's contributions.


Methane - powerful greenhouse gas

The two lead authors of a paper published in this week's Geophysical Review Letters, Matthew Rigby and Ronald Prinn, the TEPCO Professor of Atmospheric Chemistry in MIT's Department of Earth, Atmospheric and Planetary Science, state that as a result of the increase, several million tons of new methane is present in the atmosphere.

Methane accounts for roughly one-fifth of greenhouse gases in the atmosphere, though its effect is 25x greater than that of carbon dioxide. Its impact on global warming comes from the reflection of the sun's light back to the Earth (like a greenhouse). Methane is typically broken down in the atmosphere by the free radical hydroxyl (OH), a naturally occuring process. This atmospheric cleanser has been shown to adjust itself up and down periodically, and is believed to account for the lack of increases in methane levels in Earth's atmosphere over the past ten years despite notable simultaneous increases by man.


More study

Prinn has said, "The next step will be to study [these changes] using a very high-resolution atmospheric circulation model and additional measurements from other networks. The key thing is to better determine the relative roles of increased methane emission versus [an increase] in the rate of removal. Apparently we have a mix of the two, but we want to know how much of each [is responsible for the overall increase]."

The primary concern now is that 2007 is long over. While the collected data from that time period reflects a simultaneous world-wide increase in emissions, observing atmospheric trends now is like observing the healthy horse running through the paddock a year after it overcame some mystery illness. Where does one even begin? And how relevant are any of the data findings at this late date? Looking back over 2007 data as it was captured may prove as ineffective if the data does not support the high resolution details such a study requires.

One thing does seem very clear, however; science is only beginning to get a handle on the big picture of global warming. Findings like these tell us it's too early to know for sure if man's impact is affecting things at the political cry of "alarming rates." We may simply be going through another natural cycle of warmer and colder times - one that's been observed through a scientific analysis of the Earth to be naturally occuring for hundreds of thousands of years.


Project funding

Rigby and Prinn carried out this study with help from researchers at Commonwealth Scientific and Industrial Research Organization (CSIRO), Georgia Institute of Technology, University of Bristol and Scripps Institution of Oceanography. Methane gas measurements came from the Advanced Global Atmospheric Gases Experiment (AGAGE), which is supported by the National Aeronautics and Space Administration (NASA), and the Australian CSIRO network

Monday, October 27, 2008

More Oil Discovered In America...And Plenty Of It! Bakken Formation

http://www.usgs.gov/newsroom/article.asp?ID=1911

1. The U.S. Geological Service issued a report in April ('08) that only scientists and oilmen knew was coming, but man was it big. It was a revised report (hadn't been updated since '95) on how much oil was in this area of the western 2/3 of North Dakota; western South Dakota; and extreme eastern Montana ... check THIS out:

The Bakken is the largest domestic oil discovery since Alaska's Prudhoe Bay, and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable... at $107 a barrel, we're looking at a resource base worth more than $5.3 trillion.

'When I first briefed legislators on this, you could practically see their jaws hit the floor. They had no idea.' says Terry Johnson, the Montana Legislature's financial analyst.

'This sizable find is now the highest-producing onshore oil field found in the past 56 years,' reports The Pittsburgh Post Gazette. It's a formation known as the Williston Basin, but is more commonly referred to as the 'Bakken.' And it stretches from Northern Montana, through North Dakota and into Canada.. For years, U.S.oil exploration has been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up the Bakken's massive reserves... and we now have access of up to 500 billion barrels And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL!

That's enough crude to fully fuel the American economy for 41 years straight.

2. And if THAT didn't throw you on the floor, then this next one should - because it's from TWO YEARS AGO, people!

U.S.Oil Discovery- Largest Reserve in the World!
Stansberry Report Online - 4/20/2006 Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction.

They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth. Here are the official estimates:

-8-times as much oil as Saudi Arabia
-18-times as much oil a s Iraq
-21-times as much oil as Kuwait
-22-times as much oil as Iran
-500-times as much oil as Yemen- and it's all right here in the Western United States.

HOW can this BE? HOW can we NOT BE extracting this!? Because the democrats, environmentalists and left wing republicans have blocked all efforts to help America become independent of foreign oil.

James Bartis, lead researcher with the study says we've got more oil in this very compact area than the entire Middle East -more than 2 TRILLION barrels. Untapped. That's more than all the proven oil reserves of crude oil in the world today, reports The Denver Post.
----
Don't think 'OPEC' will drop its price - even with this find? Think again! It's all about the competitive marketplace, - it has to.
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Got your attention fired up yet? Hope so! Now, while you're thinking about it ... and hopefully so.. do this:

European Socialism vs. American Capitalism

http://www.opinionjournal.com/editorial/feature.html?id=110007519

Since the '70s, America has created 57 million new jobs, compared with just four million in Europe (with most of those jobs in government). In France and much of Western Europe, the economic system is weighted toward the already employed (the overwhelming majority native-born whites) and the growing mass of retirees. Those ensconced in state and corporate employment enjoy short weeks, early and well-funded retirement and first dibs on the public purse. So although the retirement of large numbers of workers should be opening up new job opportunities, unemployment among the young has been rising: In France, joblessness among workers in their 20s exceeds 20%, twice the overall national rate. In immigrant banlieues, where the population is much younger, average unemployment reaches 40%, and higher among the young.

Thursday, October 23, 2008

Hawaii ending universal child health care

The state of Hawaii is dropping the only state universal child health care program in the country just seven months after it launched because of budget shortfalls and other available health care options for eliminating funding for the program. Families were dropping private coverage so their children would be eligible for the subsidized plan. In other words people who were already able to afford health care began to stop paying for it so they could get it for free. Now that the program is being dropped, it is estimated that 3,500 to 16,000 children in the State of Hawaii will now be left with NO healthcare coverage at all.

Sounds kind of like the plan that Obama and Hillary are proposing doesn't it?! Hmmm!

http://news.yahoo.com/s/ap/20081017/ap_on_re_us/child_health_hawaii/print

Hawaii ending universal child health care
By MARK NIESSE, Associated Press Writer Mark Niesse, Associated Press Writer – Fri Oct 17, 3:29 am ET

HONOLULU – Hawaii is dropping the only state universal child health care program in the country just seven months after it launched.

Gov. Linda Lingle's administration cited budget shortfalls and other available health care options for eliminating funding for the program. A state official said families were dropping private coverage so their children would be eligible for the subsidized plan.

"People who were already able to afford health care began to stop paying for it so they could get it for free," said Dr. Kenny Fink, the administrator for Med-QUEST at the Department of Human Services. "I don't believe that was the intent of the program."

State officials said Thursday they will stop giving health coverage to the 2,000 children enrolled by Nov. 1, but private partner Hawaii Medical Service Association will pay to extend their coverage through the end of the year without government support.

"We're very disappointed in the state's decision, and it came as a complete surprise to us," said Jennifer Diesman, a spokeswoman for HMSA, the state's largest health care provider. "We believe the program is working, and given Hawaii's economic uncertainty, we don't think now is the time to cut all funding for this kind of program."

Hawaii lawmakers approved the health plan in 2007 as a way to ensure every child can get basic medical help. The Keiki (child) Care program aimed to cover every child from birth to 18 years old who didn't already have health insurance — mostly immigrants and members of lower-income families.

It costs the state about $50,000 per month, or $25.50 per child — an amount that was more than matched by HMSA.

State health officials argued that most of the children enrolled in the universal child care program previously had private health insurance, indicating that it was helping those who didn't need it.

The Republican governor signed Keiki Care into law in 2007, but it and many other government services are facing cuts as the state deals with a projected $900 million general fund shortfall by 2011.

While it's difficult to determine how many children lack health coverage in the islands, estimates range from 3,500 to 16,000 in a state of about 1.3 million people. All were eligible for the program.

"Children are a lot more vulnerable in terms of needing care," said Democratic Sen. Suzanne Chun Oakland. "It's not very good to try to be a leader and then renege on that commitment."
The universal health care system was free except for copays of $7 per office visit.
Families with children currently enrolled in the universal system are being encouraged to seek more comprehensive Medicaid coverage, which may be available to children in a family of four earning up to $73,000 annually.

These children also could sign up for the HMSA Children's Plan, which costs about $55 a month.
"Most of them won't be eligible for Medicaid, and that's why they were enrolled in Keiki Care,"

Diesman said. "It's the gap group that we're trying to ensure has coverage."
___
On the Net:
Hawaii Medical Service Association: http://www.hmsa.com/

Wednesday, October 15, 2008

Alaska Glaciers Grew This Year, Thanks To Colder Weather

http://www.mcclatchydc.com/homepage/story/53884.html

McClatchy Washington Bureau
Alaska glaciers grew this year, thanks to colder weather
Craig Medred Anchorage Daily News

Two hundred years of glacial shrinkage in Alaska, and then came the winter and summer of 2007-2008.

Unusually large amounts of winter snow were followed by unusually chill temperatures in June, July and August.

"In mid-June, I was surprised to see snow still at sea level in Prince William Sound," said U.S. Geological Survey glaciologist Bruce Molnia. "On the Juneau Icefield, there was still 20 feet of new snow on the surface of the Taku Glacier in late July. At Bering Glacier, a landslide I am studying, located at about 1,500 feet elevation, did not become snow free until early August.

"In general, the weather this summer was the worst I have seen in at least 20 years."
Never before in the history of a research project dating back to 1946 had the Juneau Icefield witnessed the kind of snow buildup that came this year. It was similar on a lot of other glaciers too.

"It's been a long time on most glaciers where they've actually had positive mass balance," Molnia said.

That's the way a scientist says the glaciers got thicker in the middle. Read the complete story at
http://www.adn.com/news/environment/story/555283.html

Saturday, October 11, 2008

McCain Letter Demanded 2006 Action on Fannie and Freddie




by (more by this author)
Posted 10/10/2008 ETUpdated 10/10/2008 ET

Sen. John McCain's 2006 demand for regulatory action on Fannie Mae and Freddie Mac could have prevented current financial crisis, as HUMAN EVENTS learned from the letter shown in full text below.McCain's letter -- signed by nineteen other senators -- said that it was "...vitally important that Congress take the necessary steps to ensure that [Fannie Mae and Freddie Mac]...operate in a safe and sound manner.[and]..More importantly, Congress must ensure that the American taxpayer is protected in the event that either...should fail."

Sen. Obama did not sign the letter, nor did any other Democrat.

The full text of the letter appears above.




Tuesday, October 07, 2008

The Obama Ayers Relationship

http://www.gop.com/News/NewsRead.aspx?Guid=768aa784-72f3-4b43-acb6-c5fe81d901cd

Monday, October 06, 2008
The Obama Ayers Relationship

The Relationship Between Barack Obama And Bill Ayers Is Much More Extensive Than Obama's Campaign Is Willing To Admit

Obama's Top Campaign Staff Have Attempted To Downplay The Relationship Between Obama And Bill Ayers:

Obama Spokesman Robert Gibbs Said That Obama And Ayers Weren't Close And That Obama Was Only 8 Years Old When Ayers Was Bombing Buildings. Robert Gibbs: "If you read the article ... it says these two men weren't close, this man isn't involved in our campaign. Bill Ayers is somebody that Barack Obama said his actions were despicable and these happened when Barack Obama was 8 years old." (FOX News' "FOX & Friends," 10/6/08)

Gibbs Has Also Limited The Relationship Between Obama And Ayers To Serving On Two Boards Together. John Roberts: "Barack Obama knew Bill Ayers and had contact with him between 1995 and 2005. Exactly what was the nature of the relationship?" Robert Gibbs: "Well, John, as The New York Times reported this weekend, they served on two boards together during that time period." (CNN's "American Morning," 10/6/08)

Even Obama Has Previously Referred To Ayers As "A Guy Who Lives In My Neighborhood" And Not Someone He Exchanges Ideas With "On A Regular Basis." Obama: "George, but this is an example of what I'm talking about. This is a guy who lives in my neighborhood, who's a professor of English in Chicago who I know and who I have not received some official endorsement from. He's not somebody who I exchange ideas from on a regular basis. And the notion that somehow as a consequence of me knowing somebody who engaged in detestable acts 40 years ago, when I was 8 years old, somehow reflects on me and my values doesn't make much sense, George." (Sen. Barack Obama, ABC Democrat Candidates Presidential Debate, Philadelphia, PA, 4/16/08)

But Obama's Connections With Bill Ayers Are Much More Extensive Than He Or His Campaign Staff Is Willing To Admit:

In 1995, During Obama's First State Senate Campaign, William Ayers And Wife Bernadine Dohrn Hosted A Meeting Of Chicago Liberals At Their Home For Obama, Which One Attendee Said Was Aimed At "Launching Him." "In 1995, State Senator Alice Palmer introduced her chosen successor, Barack Obama, to a few of the district's influential liberals at the home of two well known figures on the local left: William Ayers and Bernardine Dohrn. While Ayers and Dohrn may be thought of in Hyde Park as local activists, they're better known nationally as two of the most notorious -- and unrepentant -- figures from the violent fringe of the 1960s anti-war movement. ... 'I can remember being one of a small group of people who came to Bill Ayers' house to learn that Alice Palmer was stepping down from the senate and running for Congress,' said Dr. Quentin Young, a prominent Chicago physician and advocate for single-payer health care, of the info rmal gathering at the home of Ayers and his wife, Dohrn. '[Palmer] identified [Obama] as her successor.' ... Dr. Young and another guest, Maria Warren, described it similarly: as an introduction to Hyde Park liberals of the handpicked successor to Palmer, a well-regarded figure on the left. 'When I first met Barack Obama, he was giving a standard, innocuous little talk in the living room of those two legends-in-their-own-minds, Bill Ayers and Bernardine Dohrn,' Warren wrote on her blog in 2005. 'They were launching him -- introducing him to the Hyde Park community as the best thing since sliced bread.'" (Ben Smith, "Obama Once Visited '60s Radicals," The Politico, 1/22/08)

From March Of 1995 Until September Of 1997, Obama And Ayers Attended At Least Seven Meetings Together Relating To The Chicago Annenberg Challenge. (Chicago Annenberg Challenge, Board Of Directors Meeting, Minutes Of The Board, 3/15/95, 3/31/95, 4/13/95, 6/5/95, 9/30/97; National Annenberg Challenge Evaluation Meeting, List Of Participants, 5/24/95; Chicago Annenberg Challenge, Chicago School Reform Collaborative Meeting, Minutes, 10/23/96)

NOTE: Bill Ayers Was Asked To Help Obama Formulate The Chicago Annenberg Challenge By-Laws. (Chicago Annenberg Challenge Board Of Directors Minutes, 3/15/95)

In 1997, Obama Praised Ayers' Book On The Juvenile Justice System. "The two men were involved in efforts to reform the city's education system. They appeared together on academic panels, including one organized by Michelle Obama to discuss the juvenile justice system, an area of mutual concern. Mr. Ayers's book on the subject won a rave review in The Chicago Tribune by Mr. Obama, who called it 'a searing and timely account.'" (Jo Becker and Christopher Drew, "Pragmatic Politics, Forged On The South Side," The New York Times, 5/11/08)

Obama On William Ayers' "A Kind And Just Parent: The Children Of Juvenile Court": "A searing and timely account of the juvenile court system, and the courageous individuals who rescue hope from despair." (Chicago Tribune, 12/21/97)
"[Obama And Ayers] Have Also Appeared Jointly On Two Academic Panels, One In 1997 And Another In 2001." (Russell Berman, "Obama's Ties To Left Come Under Scrutiny," The New York Sun, 2/19/08)

From 1999 To 2002, Obama Served With Ayers On The Board Of Directors For Woods Fund Of Chicago. "[Ayers] served with [Obama] from 1999 to 2002 on the board of the Woods Fund, an anti-poverty group." (Timothy J. Burger, "Obama's Chicago Ties Might Fuel 'Republican Attack Machine'," Bloomberg, 2/15/08)

During The Time Obama And Ayers Served Together On The Woods Fund, Ayers Was Quoted Saying "I Don't Regret Setting Bombs ... I Feel We Didn't Do Enough." "'I don't regret setting bombs,' Bill Ayers said. 'I feel we didn't do enough.' Mr. Ayers, who spent the 1970's as a fugitive in the Weather Underground, was sitting in the kitchen of his big turn-of-the-19th-century stone house in the Hyde Park district of Chicago." (Dinitia Smith, "No Regrets For A Love Of Explosives," The New York Times, 9/11/01)

NOTE: Obama, Born August 14th, 1961, Was 40 Years Old When Ayers Was Quoted. (Obama For America Website, www.barackobama.com, Accessed 10/6/08; Dinitia Smith, "No Regrets For A Love Of Explosives," The New York Times, 9/11/01)

While Obama And Ayers Were Serving On The Woods Fund Together, Ayers Posed Standing On An American Flag For An Article In Chicago Magazine Entitled "No Regrets." (Marcia Froelke Coburn, "No Regrets," Chicago Magazine, 8/01)

Obama And Ayers Are Neighbors In Chicago's Hyde Park Neighborhood. "Twenty-six years later, at a lunchtime meeting about school reform in a Chicago skyscraper, Barack Obama met Mr. Ayers, by then an education professor. Their paths have crossed sporadically since then, at a coffee Mr. Ayers hosted for Mr. Obama's first run for office, on the schools project and a charitable board, and in casual encounters as Hyde Park neighbors." (Scott Shane, "Obama And '60s Bomber: A Look Into Crossed Paths," The New York Times, 10/4/08)

Obama Spokesman Ben LaBolt Told The New York Times That Last Year Obama And Ayers "Bumped Into Each Other On The Street In Hyde Park." "[Obama spokesman Ben LaBolt] said they have not spoken by phone or exchanged e-mail messages since Mr. Obama began serving in the United States Senate in January 2005 and last met more than a year ago when they bumped into each other on the street in Hyde Park." (Scott Shane, "Obama And '60s Bomber: A Look Into Crossed Paths," The New York Times, 10/4/08)

Neighbors Have Said "It's Only Natural" That Obama Would Know Ayers, Who Often Opens His Home For Gatherings, As Obama And His Wife "Are A Part Of Our Neighborhood And Part Of Our Social Circle." "Since coming out of hiding in 1980, the couple have raised three boys in Chicago and become part of the fabric of their liberal South Side neighborhood. Neighbors said it's only natural that Obama would know Ayers and Dohrn, who often open their homes for gatherings filled with lively discussions about politics, arts and social issues. Obama and his wife 'are part of our neighborhood and part of our social circle,' said Elizabeth Chandler, a neighbor of Ayers'." (Trevor Jensen, Robert Mitchum and Mary Owen, "Bill Ayers' Turbulent Past Contrasts With Quiet Academ ic Life," Chicago Tribune, 4/17/08)

Ayers' Organization, The Weather Underground, Was A "Violent Left-Wing Activist Group":

"William Ayers ... [Was] A Founding Member Of The Group That Bombed The U.S. Capitol And The Pentagon During The 1970s." (Russell Berman, "Obama's Ties To Left Come Under Scrutiny," The New York Sun, 2/19/08)

Ayers' Group, The Weather Underground, Is A "Violent Left-Wing Activist Group." "Senator Obama's ties to a former leader of the violent left-wing activist group the Weather Underground are drawing new scrutiny as he battles Senator Clinton for the Democratic presidential nomination." (Russell Berman, "Obama's Ties To Left Come Under Scrutiny," The New York Sun, 2/19/08)

The Weather Underground Produced A Manual Which Begins, "We Are A Guerrilla Organization. We Are Communist Women And Men, Underground In The United States For More Than Four Years." "The coalition was said to be a violence-prone faction inspired by the Weather Underground's ''Prairie Fire,'' a guerrilla warfare manual published in 1974. The manual begins, 'We are a guerrilla organization. We are Communist women and men, underground in the United States for more than four years.'" (Paul L. Montgomery, "2 Women In Brink's Case Identified With Weathermen From Start In '69," The New York Times, 10/ 22/81)

Saturday, October 04, 2008

Timeline of Economic Crisis:

September 30, 1999 – The Clinton Administration (Democratic) pressures Fannie Mae to expand mortgage loans among low and moderate income people even after warnings that the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue.

September 11, 2003 - The Bush administration recommends a new agency be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac after a report by outside investigators concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates which together have issued more than $1.5 trillion in outstanding debt.

September 11, 2003 – Led by Democratic Representatives Barney Frank and Melvin Watt, the proposal is denounced by Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.

January 26, 2005 – Republican Senator Chuck Hagel sponsors Bill S.190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005, which was cosponsored by Republican Senators John McCain, Elizabeth Dole and John Sununu which would have averted this economic crisis of 2008 by giving a regulator power to crack down, and would have required the companies to eliminate their investments in risky assets after Alan Greenspan told Congress, “If Fannie and Freddie ``continue to grow, continue to have the low capital that they have, continue to engage in the dynamic hedging of their portfolios, which they need to do for interest rate risk aversion, they potentially create ever-growing potential systemic risk down the road,'' he said. ``We are placing the total financial system of the future at a substantial risk.''

2005 – Democratic Senators including Barack Obama and Hillary Clinton opposed the Bill on a party-line vote in the committee making it impossible for the Republicans to get a vote on the Bill.

Democratic Senators who opposed Bill S.190 have received financial support from Fannie Mae and Freddie Mac including the following:

- Barack Obama - $125,000 in campaign contributions from employees and political action committees of Fannie Mae and Freddie Mac.

- Hillary Clinton - $75,000 in campaign contributions from employees and political action committees of Fannie Mae and Freddie Mac.

- Chris Dodd, Senate Banking Committee chairman - $165,000 in campaign contributions from employees and political action committees of Fannie Mae and Freddie Mac.

May 5, 2006 - Senator John McCain sends a letter to the Senate -- signed by nineteen other senators -- stating that it was "...vitally important that Congress take the necessary steps to ensure that [Fannie Mae and Freddie Mac]...operate in a safe and sound manner.[and]..More importantly, Congress must ensure that the American taxpayer is protected in the event that either...should fail."  Sen. Obama did not sign the letter, nor did any other Democrat. The full text of the letter appears at the address below.

http://www.humanevents.com/2008/10/10/mccain-letter-demanded-2006-action-on-fannie-and-freddie/  

2008 – Barack Obama and the Democratic Party attempt to push blame on the Bush Administration, Senator John McCain and the Republican Party for the economic crisis. Am I missing something here?

http://www.snopes.com/politics/business/easescredit.asp

http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260

http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0#

May 5, 2011 - "Obama administration pushing banks to offer sub-prime mortgages again.

http://www.businessweek.com/magazine/content/11_20/b4228031594062.htm

How can the Bush administration be blamed? Once again...it is the Congress that has control over the budget and deficits, NOT the President.

Let's repeat what we learned from that last post shall we:

No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits. The president can only propose a budget. He cannot force the Congress to accept it.

The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations and taxes. Who is the speaker of the House? She is the leader of the majority party. She and fellow House member s, not the president, can approve any budget they want. If the president vetoes it, they can pass it over his veto if they agree to.