McCain is now crediting George W. Bush for the modest drop in oil prices this week. (Oil is now selling for the outrageous price of $125 per barrel instead of the outrageous price of $140. Gas prices have barely moved a penny.) How can McCain possibly give the credit to Bush? Incredibly, McCain credits the White House's purely symbolic "lifting" of a moratorium on offshore drilling!
Of course, industry analysts say the market shifted due to slackening demand and worries about the overall health of the U.S. economy. McCain's absurd rhetoric just shows he knows nothing about the economy and he will say anything to get elected.
Wednesday, July 23, 2008
He's Getting Desperate
Posted by Dr. Strangelove at 11:15 AM
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4 comments:
I'm reminded of the kids in the documentary "Jesus Camp" praying to the cardboard cutout image of George W. Bush.
If God flipped out with jealousy over that golden ram, what would he think about being usurped by a cardboard cut out?
It was a golden calf.
McCain's statement is amazingly stupid also because Bush's action was symbolic. The revocation of the executive order is irrelevant becaue the law that mirrors that order is still in place. Also oil futures markets don't work on a 10+ year basis like this.
Yes, McCain better pray he can talk about the "success of the surge" from now till November, because he's toast on the economy.
Everyone admits he's toast on the economy.The Economist recommended that he choose a VP who is good on economic issues. Let's not forget as well that the dollar has strengthened a bit as well.
And LTG, I don't know about LA, but where I live, I can now buy a gallon for $4.35 down from $4.55. I am so thrilled. Still too high, though.
USWest, I fear that the only thing keeping oil prices in check is the weakening of the whole economy and its negative effect on predicted future demand. The summer driving season has been a bust. All this portends even worse things in the Fall.
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