Remember, this DUmbass thought he would be MAJORITY LEADER too....
Posted on 10/18/2006 9:03:11 AM PDT by MNJohnnie
http://www.freerepublic.com/focus/f-news/1720277/posts
Why Gas Prices Dropped money.cnn.com ^ | October 16 2006 | Nelson D. Schwartz
Posted on 10/16/2006 10:31:49 AM CDT by kellynla
(Fortune Magazine) -- If the recent plunge in gas prices is the result of a conspiracy by President George W. Bush to help the Republicans retain control of Congress, as 42 percent of Americans believe, according to one Gallup poll, a lot of Wall Streeters wish they'd been in on the plot.
So what really drove prices down - if not an Oliver Stone-worthy scenario involving the Commander-in-Chief, the House of Saud and Secretary of the Treasury Hank Paulson cajoling his cronies at Goldman Sachs to sink the crude market?
By late summer, hedge funds and other investors had poured billions into long positions in oil, gasoline, natural gas and the rest of what traders call the "energy complex," all betting on a replay of the severe 2005 hurricane season that sent prices soaring in the wake of Katrina and Rita. But one day after oil reached a monthly high of $76.98 a barrel on Aug. 7, government meteorologists downgraded their hurricane forecast and cautioned that a repeat of 2005 was "unlikely."
That announcement, combined with the end of the summer driving season and a recalibration of the Goldman Sachs (Charts) commodity index that reduced the weighting of gasoline, prompted speculators to head for the exits even faster than they'd piled in.
The switch in Goldman's basket of commodities had been previously announced by the firm, but that didn't stop the conspiracy theorists.
(Excerpt) Read more at money.cnn.com ...
Yep! Ron "Tater Salad" White.
LOL!!!
That's true, to an extent. However, you are able to verify to a degree by examining rulings on lower courts and looking for conservative judicial opinions.
Alito had those - Miers did not.
You may be right - Miers might have been great.
But in a situation where you don't get a do-over (see Souter, David), you simply cannot take that chance.
Yes Dean is as stupid when it comes to using their money as McCauliffe "the punk" was when he was DNC Chairman. And the Clintons are still doing all they can to destroy the Democrat party. It's either them, or no one, as far as they're concerned. They still believe that they ARE the Democrat party. And they HATE Dean being chariman instead of McCauliffe.
Why don't we all invest in oil for godsake? We may as well make money when W does.
"Let Poot do it!"
He's full of Texan common sense....best on the Blue Collar Comedy Tour!
Thanks for doing that research. I don't remember anything like that, either. Occasional disagreement on policy, but no Bush-bashing.
MurrayMom is FR's token liberal. Not just the only one, there are a few others.
Interresting I didn't know that about the Pittsburgh area. I did about Philidelphia. I admire your tenacity, as you live there. :) I see the possibility of PA going Republican in the coming years maybe, like you said, bucking the trend of the other NE states. It could happen.
The right wing of the party saw this as a tremendous victory, and it expected more as a result. So then they followed up by taking the president to task for the ports deal, and now immigration. They broke up the bonds between the republican congress and the president and the disconnect took away the leadership so everyone scattered to the four winds of their constituent bases.
As I said, it was the victory that encouraged more of it, and this caught Congress square in the middle. Congress did as congress-critters do, so when the election came up they ran from the president which has led to the current situation.
That is why Miers is related.
My state of Illinois is lost.
I've made a killing with HAL and XOM.. Has nothing to do with President Bush.. it is all about identifying trends in the market..
He appears to get drunk on stage but keeps his whit.
I wonder if that's an act?
You know, if I had called her "the cleaning lady", you would be right.
However, since I didn't post that (check my past posts if you don't believe me), yet you chose to lump me in with those you did, perhaps a look in the mirror should precede your accusing me of "shameful behavior."
In a SC nomination, there is no room for blind trust - not after Souter. Conservatives were right to demand a better (and more verifiable) choice, even if some were way out of line in insulting Miers personally.
Remember, this DUmbass thought he would be MAJORITY LEADER too....
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