Ok so how is this Bush's Fault

[dalakhani]

Originally Posted by gales0678

Take a look at what Nancy Pelosi said in 2006

http://www.californiachronicle.com/articles/view/8560


I guess Bush and the republican congress are still controlling gas prices

look at what you are paying for a gallon of gas today

i guess obama didn't win the election , and i guess the republicans still contol the house , that's why we are paying these high gas prices

The rise in Gas prices under Bush came during a period of time when the FED was TIGHTENING. The rise in Gas prices you have seen in the last year have come during an unprecedented period of FED EASING and the rise hasnt been dramatic. We are simply back up to a level where it should be when a country is not in a depression (which was why they dropped so badly before).

Look, Republicans bitch on here all the time about printing money and inflation and blah blah blah. When you look at the rise in Gas prices, you can't blame foreign policy or domestic oil policy(like dems were doing during Bush). You simply have to look at monetary policy.

Have you noticed that the dollar strengthening has led to a retreat in oil prices?

[gales0678]

Originally Posted by dalakhani

The rise in Gas prices under Bush came during a period of time when the FED was TIGHTENING. The rise in Gas prices you have seen in the last year have come during an unprecedented period of FED EASING and the rise hasnt been dramatic. We are simply back up to a level where it should be when a country is not in a depression (which was why they dropped so badly before).

Look, Republicans bitch on here all the time about printing money and inflation and blah blah blah. When you look at the rise in Gas prices, you can't blame foreign policy or domestic oil policy(like dems were doing during Bush). You simply have to look at monetary policy.

Have you noticed that the dollar strengthening has led to a retreat in oil prices?

in 2006 nancy pelosi's comments would infer to someone that we had to pay high gas prices becuase bush was president and the republicans ran congress, now prices have gone up since obama took office with a democratic congress , isn't a fair question to her why are prices going up now since you claimed they were ony going up because of who was in charge?

[dalakhani]

Originally Posted by gales0678

in 2006 nancy pelosi's comments would infer to someone that we had to pay high gas prices becuase bush was president and the republicans ran congress, now prices have gone up since obama took office with a democratic congress , isn't a fair question to her why are prices going up now since you claimed they were ony going up because of who was in charge?

How are you feeling about the yanks this year?

[JJP]

Originally Posted by dalakhani

The rise in Gas prices under Bush came during a period of time when the FED was TIGHTENING. The rise in Gas prices you have seen in the last year have come during an unprecedented period of FED EASING and the rise hasnt been dramatic. We are simply back up to a level where it should be when a country is not in a depression (which was why they dropped so badly before).

Look, Republicans bitch on here all the time about printing money and inflation and blah blah blah. When you look at the rise in Gas prices, you can't blame foreign policy or domestic oil policy(like dems were doing during Bush). You simply have to look at monetary policy.

Have you noticed that the dollar strengthening has led to a retreat in oil prices?

What's happening with oil is basically unprecedented. You clearly had a bubble from late 2007 to mid 2008 when it peaked at $147/barrel before the bubble burst and it came crashing down; all the way to the $34-$35/barrel level. The crashing of a bubble isn't the surprise; the fact that oil has more than doubled since the trough is a huge surprise. Look at the Nasdaq and Nikkei following their implosions. We didn't see any kind of move out of them like we are seeing in oil now. Probably only a matter of time before we see $100/barrel again. Will the libs still blame Bush?

[dalakhani]

Originally Posted by JJP

What's happening with oil is basically unprecedented. You clearly had a bubble from late 2007 to mid 2008 when it peaked at $147/barrel before the bubble burst and it came crashing down; all the way to the $34-$35/barrel level. The crashing of a bubble isn't the surprise; the fact that oil has more than doubled since the trough is a huge surprise. Look at the Nasdaq and Nikkei following their implosions. We didn't see any kind of move out of them like we are seeing in oil now. Probably only a matter of time before we see $100/barrel again. Will the libs still blame Bush?

The Nasdaq closed at 1114 oct 2002. It closed today at 2395...more than double the bottom. Is it close to the bubble high? No...but still twice the bottom.

The 34/35 dollar barrel level was achieved in the midst of a global economic meltdown and definitely would not have gotten so low so fast in normal times. This wasnt merely the bursting of a commodities bubble. It was more the result of the most severe recession in the last 70 years.

The fed's monetary policy is what is unprecedented. The surprise is that the monetary policy coupled with the declining production of non-opec countries and the rising demand worldwide has not caused oil to shoot up even HIGHER.

Interesting that over the last 30 years, the two highest spikes in oil prices came during the administrations of BUSH I and BUSH II. Yeah, I bet its just a coincidence.

[JJP]

It took the Nasdaq 7 1/2 years to double. Oil did it in less than a year.

Obama's administration still has almost 3 years. $100 oil will be a reality in that time.

[dalakhani]

Originally Posted by JJP

It took the Nasdaq 7 1/2 years to double. Oil did it in less than a year.

Obama's administration still has almost 3 years. $100 oil will be a reality in that time.

I totally agree. At least the factors that are leading to $100 oil actually make sense. What were bush's excuses?

[gales0678]

Originally Posted by dalakhani

I totally agree. At least the factors that are leading to $100 oil actually make sense. What were bush's excuses?

whether the factors are causing this or not , nancy pelosi in 2006 told the american people that the president and the congress could control the price of oil and they were helping it to go higher to help big oil , why is the most powerful man in the world and the most powerful congressional body suddenly powerless in this situation?

you can't have it both ways no matter how much dc double speak about "factors" you give us dala

[dalakhani]

Originally Posted by gales0678

whether the factors are causing this or not , nancy pelosi in 2006 told the american people that the president and the congress could control the price of oil and they were helping it to go higher to help big oil , why is the most powerful man in the world and the most powerful congressional body suddenly powerless in this situation?

you can't have it both ways no matter how much dc double speak about "factors" you give us dala

I think it was a good idea sending Joba back to the bullpen as heir apparent to Mo. Hughes has got to step up.

[Nascar1966]

Originally Posted by gales0678

whether the factors are causing this or not , nancy pelosi in 2006 told the american people that the president and the congress could control the price of oil and they were helping it to go higher to help big oil , why is the most powerful man in the world and the most powerful congressional body suddenly powerless in this situation?

you can't have it both ways no matter how much dc double speak about "factors" you give us dala

Nancy Pelosi opening her fat worthless mouth again. Maybe for Christmas someone will get that witch a muzzle.

[GBBob]

Originally Posted by gales0678

whether the factors are causing this or not , nancy pelosi in 2006 told the american people that the president and the congress could control the price of oil and they were helping it to go higher to help big oil , why is the most powerful man in the world and the most powerful congressional body suddenly powerless in this situation?

you can't have it both ways no matter how much dc double speak about "factors" you give us dala

Look..Bush had a campaign mantra pre 9-11 that he had "connections" on the biz and we would benefit from that. This topic was discussed ad nauseum last year I still believe that oil prices are not poltically controlled. But that big a-hole from Texas sure tried to make it seem like he had inside info..what a dumb f*ck