Ok so how is this Bush's Fault

[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

[witchdoctor]

Easy

Bush didn 't raise gas taxes enough to cut consumption.

[gales0678]

Originally Posted by witchdoctor

Easy

Bush didn 't raise gas taxes enough to cut consumption.

so why doesn't pelosi reid and obmaa act now to help us , surely they can pass something ???

[Nascar1966]

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

Please tell me you dont trust anything that wench Pelosi says.

[The Indomitable DrugS]

When I saw this sign I thought of you .....

[randallscott35]

Originally Posted by The Indomitable DrugS

When I saw this sign I thought of you .....

Maybe he was just trying to spell it more nicely.

[The Indomitable DrugS]

I believe this was Sightseek at the protest ....

[The Indomitable DrugS]

Cannon Shell getting ready for his stump speech.

[randallscott35]

Originally Posted by The Indomitable DrugS

I believe this was Sightseek at the protest ....

No contest, no Sightseek. She's got bills.

[Sightseek]

Originally Posted by The Indomitable DrugS

I believe this was Sightseek at the protest ....

Geez Doug, I'm much cuter than that.

[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?