Friday, October 19, 2007

Why Are We Paying $89 A Barrel for Oil? (Answer: It's Not What You Think)

It's just not "Middle East tensions" or demand from China or India or speculators--it's that the U.S. dollar has fallen as a direct result of Bush's policies, namely runaway spending on the war and massive tax cuts to the rich. The proof is that Europeans effectively only pay $60 a barrel. With a chart to prove it.

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"In questions of power, then, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution." -- Thomas Jefferson