george w. bush Date Line November 3, 2007
Ah yes the days of Jimmy Carter and gasoline lines have returned.
Wait! What! HUH!? Gas prices are $3.06 at the pump, $100 a barrel, and there is no panic in the streets? No hoarding? No syphoning the fuel tanks of parked cars? No international energy shock?
What happened?
Oh right. The Right-wing happened.
Oh the beauty of being able to explain to the ignorant why this can be blamed on George W and his Right-wing Conservatives – you know, de guys who will loose the Whitehouse only to retain veto power over Capital Hill and all that the new prez will seek to do.
How does this work? It isn’t just the destruction of the Iraq oil fields and depriving the world economy of the second biggest proven oil supply. Nope. Not just that – that was factored into prices a few years ago; that was factored in when prices last reached these levels while per barrel prices remained significantly lower.
Today’s cost is the effect of George’s policies pushing down the dollar and so causing a rise in the per barrel price for America and not the rest of the world.
Yep! Only those nations who use the dollar, are linked to the dollar, feel the effect of the rise in barrel prices as the value of the dollar falls.
Per barrel oil prices are inverse to the value of the dollar on foreign exchange markets. Pity poor China – their Juan is pegged to the US Dollar. But China can afford it – they’re richer than America; or why else would they be able to lend us all that money?
George, and his lack-of-brain trust, wants China to all float the Juan. It would make American goods cheaper in China, and make Chinese goods more expensive here.
The idea is, China’s stronger Juan would be able to buy more products made here. DUH. They are sufficiently rich to become our creditor, and lend us money, they can afford to buy anything they want from us.
Float the Juan and it will move with European markets, might well get cheaper against the Euro – it might get stronger. Does it matter? A strong Juan – one moving opposite to the Dollar – can buy more European goods. While the weaker Dollar would find it more costly to buy anything from anyone.
The flaw in the Bush idea (as if all his ideas were not flawed) is that China can buy from America; but America is a service economy and has boasted that fact. America even out-sources a major portion of its service economy. You know! Those customer care people in India.
We are an economy which buys its food from other nations, gets its energy from other nations, gets its work force from other nations (legally for the high end workers, “illegally” for the peons who cross our boarders to fight our forest fires and work the few remaining fields in the southwest and California) – YEP! We have a service economy serving those who produce nothing.
Our cars are made in Mexico and Canada – unless the plant is owned by Germany or Japan. Everything is from away. And gee ... it was a Republican idea to promote the policies which exported our factories and imported their products. Reagan Republicans boasted of it.
We have oil fields. We could deplete them – as the GOP wants – and then the process would be completed. We could deplete the oil fields in under a decade – in a few months if we went 100% self-reliant.
Once depleted we become 100% reliant on foreign fuels – the oil we stopped from being pumped in Iraq and which the Islam-fascists will control. Bush will have achieved the Christian Conservative agenda – he will have spawned World War Three. And gee wiz willy curs ... without energy, manufacturing capacity, or even skilled workers to mobilize, we cannot win. The Evangelicals will get their Armageddon and everyone will wonder at the lack of Rapture.
Conservatives (Islamic and Evangelical) have a single and common agenda – destruction of America. Sit back and enjoy – its your vote.
_____________________________________________________ Wait! What! HUH!? Gas prices are $3.06 at the pump, $100 a barrel, and there is no panic in the streets? No hoarding? No syphoning the fuel tanks of parked cars? No international energy shock?
What happened?
Oh right. The Right-wing happened.
Oh the beauty of being able to explain to the ignorant why this can be blamed on George W and his Right-wing Conservatives – you know, de guys who will loose the Whitehouse only to retain veto power over Capital Hill and all that the new prez will seek to do.
How does this work? It isn’t just the destruction of the Iraq oil fields and depriving the world economy of the second biggest proven oil supply. Nope. Not just that – that was factored into prices a few years ago; that was factored in when prices last reached these levels while per barrel prices remained significantly lower.
Today’s cost is the effect of George’s policies pushing down the dollar and so causing a rise in the per barrel price for America and not the rest of the world.
Yep! Only those nations who use the dollar, are linked to the dollar, feel the effect of the rise in barrel prices as the value of the dollar falls.
Per barrel oil prices are inverse to the value of the dollar on foreign exchange markets. Pity poor China – their Juan is pegged to the US Dollar. But China can afford it – they’re richer than America; or why else would they be able to lend us all that money?
George, and his lack-of-brain trust, wants China to all float the Juan. It would make American goods cheaper in China, and make Chinese goods more expensive here.
The idea is, China’s stronger Juan would be able to buy more products made here. DUH. They are sufficiently rich to become our creditor, and lend us money, they can afford to buy anything they want from us.
Float the Juan and it will move with European markets, might well get cheaper against the Euro – it might get stronger. Does it matter? A strong Juan – one moving opposite to the Dollar – can buy more European goods. While the weaker Dollar would find it more costly to buy anything from anyone.
The flaw in the Bush idea (as if all his ideas were not flawed) is that China can buy from America; but America is a service economy and has boasted that fact. America even out-sources a major portion of its service economy. You know! Those customer care people in India.
We are an economy which buys its food from other nations, gets its energy from other nations, gets its work force from other nations (legally for the high end workers, “illegally” for the peons who cross our boarders to fight our forest fires and work the few remaining fields in the southwest and California) – YEP! We have a service economy serving those who produce nothing.
Our cars are made in Mexico and Canada – unless the plant is owned by Germany or Japan. Everything is from away. And gee ... it was a Republican idea to promote the policies which exported our factories and imported their products. Reagan Republicans boasted of it.
We have oil fields. We could deplete them – as the GOP wants – and then the process would be completed. We could deplete the oil fields in under a decade – in a few months if we went 100% self-reliant.
Once depleted we become 100% reliant on foreign fuels – the oil we stopped from being pumped in Iraq and which the Islam-fascists will control. Bush will have achieved the Christian Conservative agenda – he will have spawned World War Three. And gee wiz willy curs ... without energy, manufacturing capacity, or even skilled workers to mobilize, we cannot win. The Evangelicals will get their Armageddon and everyone will wonder at the lack of Rapture.
Conservatives (Islamic and Evangelical) have a single and common agenda – destruction of America. Sit back and enjoy – its your vote.
_____________________________________________________
Post Script: Expect OPEC to get smart – closet Islam-Fascist that they be – and in a few years, give the new president a gift; they will peg gasoline to the Euro. Europeans will cheer having been given the opportunity to divest through attrition and everyone will watch as the American economy quietly sinks into history.
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