The only thing in more disarray than the economy is the Republican Party.
About The Author
BooMan
Martin Longman a contributing editor at the Washington Monthly. He is also the founder of Booman Tribune and Progress Pond. He has a degree in philosophy from Western Michigan University.
The definition of Bush Derangement Syndrome:
Pretending as hard as you can that you hate everything about George W. Bush when you’re a Republican and your entire campaign consists of acting like he doesn’t exist.
The gods of the political world are not about to let GWBush get away completely free. They seem to be pursuing him with a vengeance. Regrettably, we may all get caught in the firestorm of their anger.
The Palin nomination is another insult to the deities that rule our world. I don’t think they think too highly of the “rapture”.
On the same topic, a post just came up over at the Great Orange Satan showing Sarah upstaging McCain at their last rally. Crowd shrieked for her, and began to drift away when the old man prattled on. The horror that is sinking into the Republik establishment is from watching their party being taken over by the Fundamentalists. Even Rove, who only used them, has got to be worried. These are people who would prefer to see us all incinerated in order to get to Jeebus quicker. His campaign is in meltdown, unless they slip her something, or throw her under the bus. She is killing him. The more she rouses her rabble, the more she scares the middle.
Reflecting on this makes me appreciate even more how cool and collected Obama’s people are. They laid low, kept hammering on McCain, and let Sarah do her work on the Republiks.
JP Morgan’s global chief investment officer, regarding high energy prices, and contrary to what the bank told the Senate Energy subcommittee, in an email to clients ‘blamed “an enormous amount of speculation pent up in energy markets,” for the high price and added, “It wasn’t just the supply-demand equation.” ‘
Previously, ‘at the hearing, Lawrence Eagles, head of global commodity research for JPMorgan Chase, said that the bank believed “high energy prices are fundamentally the result of supply and demand,” not speculation.’
Now, the ‘subcommittee told JPMorgan Chase on Wednesday to immediately start turning over a year’s worth of internal documents about the bank’s view on oil speculation.’
from http://www.nytimes.com/2008/09/18/business/18speculate.html
via an excelent blog about energy I just discovered during the hurricane events of the past month: http://www.theoildrum.com/node/4548
Prices, unless arbitrarily controlled, are always set by supply and demand. In this case, the demand (buy orders) from speculators. When prices drop into a black hole, it is often to to the sell orders from those same speculators trying to scramble out.
Yet we’re locked in a tight battle for the Presidency when it should even be close.