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Monday, June 16, 2008

The George W. Bush Administration vs. The American People

Did you hear this today on NPR? Yeah, more proof of just how great a job George W. Bush and his pals are doing for--no, to--the American People.

You know? When I was younger, I knew there was a part of the government that was fighting for us. There was the part regulating big business. There was the part having corporations to keep pollution to a minimum.

No more.

Not since George Bush got elected in 2000.

Check this out.

In December, 2000, the Enron Corporation--yeah, no kidding, THOSE GUYS--recommended that the Bush Administration DEREGULATE the oil speculation markets. It is now, technically considered a "dark" market. That is, we don't know who's speculating on or in the oil markets, we don't know how, we don't know what they're doing, nothing. All thanks to those geniuses at Enron. Oh, and the White House. Dick Cheney. George Walker Bush. All of 'em. et al.

Prior to 2000 and this "Enron Clause", as it is now referred to, THE UNITED STATES REGULATED THE OIL INDUSTRY AND THIS SPECULATION FOR 78 YEARS. No kidding. For all that time, it was that important. Once we put the foxes in charge of the chicken house, it was all over.

Now does it make any sense why oil is over $130.00 a barrel?

In this same radio show, it was speculated that oil would likely fall to between $60.00 to $80.00 per barrel WITHIN A MONTH if we again regulated the oil speculation markets.

So the question was, do you want to do this with a deep, painful recession, that hurts millions of people around the globe, over time, to reduce the price of oil or do you want to do this more logically, with regulation, over about a month?

Tough question, eh?

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