Check out Dennis Kucinich’s fire breathing speech from the DNC!
If John Kerry had been half this open four years ago maybe this country would be only half way in the toilet now:
Just a taste:
Millions of Americans have lost their jobs, their homes, their health care, their pensions. Trillions of dollars for an unnecessary war paid with borrowed money. Tens of billions of dollars in cash and weapons disappeared into thin air, at the cost of the lives of our troops and innocent Iraqis, while all the president’s oilmen are maneuvering to grab Iraq’s oil.
Borrowed money to bomb bridges in Iraq, Afghanistan and Pakistan. No money to rebuild bridges in America. Money to start a hot war with Iran. Now we have another cold war with Russia, while the American economy has become a game of Russian roulette.
If there was an Olympics for misleading, mismanaging and misappropriating, this administration would take the gold. World records for violations of national and international laws. They want another four-year term to continue to alienate our allies, spend our children’s inheritance and hollow out our economy.
Because Cheney’s always been known as a diplomat!
Wow…King of the Neocons Dick Cheney will be sent to the Caucasus war zone as head of the diplomatic team!
You can’t make this stuff up…
…Citing disgust with today’s GOP:
My decision came at the end of last week when it was demonstrated to the nation that McCain and this Bush White House have learned little in the last five years. They mishandled what became a crisis in the Caucusus, and this has undermined U.S. national security. At the same time, the McCain camp appears to be comfortable with running an unworthy Karl Rove–style political campaign. Will the McCain operation, and its sponsors, do anything to win?
Don’t rejoice in lower oil prices just yet. Enjoy them, but don’t count on them.
Rises and drops are always attributed to news events by politicians and the media. When Katrina was about to hit, I wrote here that oil would soon be breaking the $70 mark (regardless of storm damage), but that it would be blamed on the upcoming hurricane (of course, no one knew how serious Katrina would be). At the time, there was much discussion about $70 being a giant ‘psychological barrier,’ just as there was epic discussion later on about the $100 barrier.
What history shows is that these ‘psychological barriers’ are just bullshit terms for the pundits and politicians to toss around, and that in reality they don’t exist. The price of oil drives it’s own path based on the primary factors of supply & demand - just the way commodities are supposed to work.
The graph above shows that while events do cause temporary moves in energy prices, there is a long term trend that is much simpler to explain. It has no relation to ‘psychological barriers’ or wishful thinking.
The next big barrier they will talk about will, of course, be $200. Don’t kid yourself - we may be looking back shortly at the good old days of $140 oil. The president of OPEC warned of $200 oil recently, and Goldman Sachs has announced that oil could exceed $200 in the next two years.
And remember, the ‘experts’ have consistently misjudged the price of oil for years: