John Wheaton wrote:
>>> Bush's missteps have no bearing on the Pelosi's told for the Dems to
get
>>> control back. She knew damn well that there was nothing that she and
her
>>> cohorts could/would do to bring down the cost of gas.
>> Pelosi et al told us they would stop the war, which would have
prevented
>> much of the rise in oil prices, as the resulting Dollar wouldn't have
>> fallen
>> as much as it has. Had the Republicans in Congress not thwarted the
Dems
>> efforts to end the war, yada yada...you know the argument. In any
event,
>> the
>> fault doesn't fall to Pelosi or the Democrats, it remains with the
current
>> administration.
>
> Pelosi and other Dems firmly stated that they would bring DOWN the cost
of
> Gas and they have not. They have done STOPPED anything that has come
along
> that would bring prices down.
So since you're willing to blame them for factors outside of their
control, presumably you'll be happy to credit them when the price of oil
drops back again, due to cir***stances outside their control?
http://news.bbc.co.uk/2/hi/business/7378175.stm
Increase in global demand (mainly in China and India) has a lot more to
do with the rising commodity price of crude oil than anything US
politicians have any control over. While Chavez is an asshat, Venezuela
has historically been a big oil supplier for the USA and Pelosi couldn't
exactly predict the Bush administration would add fuel to that fire.
Falling dollar, which will eventually impact all im****ted consumer
goods? Hmm, who passed the tax cuts that caused huge deficits while
waging an unnecessary war and led to lack of investor confidence again?
Who mismanaged the mortgage industry, leading to a meltdown of the
housing market, a worldwide credit crunch, and a major USA recession?
The current price of crude isn't sustainable since other sources like
coal liquefaction became feasible at the $70/barrel mark. It just takes
time to build plants and ramp up production. The odds were in Pelosi's
favour that she would be able to take credit for that but, surprise,
surprise, she underestimated the current administration's ability to
truly screw things up.
Yeah, the current price of gas is higher, but it's nothing compared to
the prices that are prevalent in Europe and other countries that aren't
net petroleum ex****ters.
http://money.cnn.com/2008/05/01/news/international/usgas_price/?postversion=2008050109
I feel very sorry for the people that are just scraping by and who are
being hurt badly by this coming on top of the drop in housing prices,
but maybe there will be a few less unnecessary SUVs and trucks being
driven around in another couple of years.
P-A
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