What Is This World Coming To?

The price of oil at the barrelhead plummeted for three straight days following the Bush administration’s lifting of a 1989 presidential order declaring a ban on off-shore drilling.

A three-day drop in oil futures is no guarantee that the recent streak has permanently ended, but it does expose the liberal lie that it would take ten to twenty years for drilling to have any effect on the price of oil.

The mere THREAT of drilling was enough to cause a twenty-percent drop in the price of crude oil futures — something the liberals in Congress knew would happen all along. But they opposed it anyway — because they knew it would help the Bush adminstration’s image.

Better you should use your grocery money to buy gas for work than that. Nonetheless, they feel your pain. Honest.

The Democrats, having failed to convince America that the best course of action in Iraq is surrendering to the terrorists, got even more bad news when April’s employment figures shows the jobless rate dropped 0.1% instead of increasing 0.2% as forecast. Read the rest of this entry »

When Bill Clinton was accepting the DNC nomination for president in 1991, he turned to the Scriptures for inspiration as he delivered his acceptance speech:

“As the Scripture says, ‘eye hath not seen, nor ear heard, neither has it entered into the heart of man, the things that we can build.’” - Bill Clinton DNC acceptance speech.

Bill apparently didn’t like the way the original Author said it: ” But as it is written, Eye hath not seen, nor ear heard, neither have entered into the heart of man, the things which God hath prepared for them that love Him.” (1st Corinthians 2:9)

In the Bible’s version, you didn’t have to vote for Bill Clinton in order for God to love you. Not to be outdone, Bill’s running mate, Al “the Ozone Man” Gore announced; “As it says in the Scriptures, ‘do not lose hope. This nation will be rebuilt.’”

I’d like to tell you what Scripture Al Gore was quoting, but I couldn’t find anything even remotely close. But this is Al Gore — so it doesn’t matter if the Scripture says so or not. Al said so, so the matter is settled. Read the rest of this entry »

Many parts of America, long considered the breadbasket of the world, are now confronting a once unthinkable phenomenon: food rationing. Major retailers in New York, in areas of New England, and on the West Coast are limiting purchases of flour, rice, and cooking oil as demand outstrips supply. There are also anecdotal reports that some consumers are hoarding grain stocks.

At a Costco Warehouse in Mountain View, Calif., yesterday, shoppers grew frustrated and occasionally uttered expletives as they searched in vain for the large sacks of rice they usually buy.

“Where’s the rice?” an engineer from Palo Alto, Calif., Yajun Liu, said. “You should be able to buy something like rice. This is ridiculous.”

The bustling store in the heart of Silicon Valley usually sells four or five varieties of rice to a clientele largely of Asian immigrants, but only about half a pallet of Indian-grown Basmati rice was left in stock. A 20-pound bag was selling for $15.99.

“You can’t eat this every day. It’s too heavy,” a health care executive from Palo Alto, Sharad Patel, grumbled as his son loaded two sacks of the Basmati into a shopping cart. “We only need one bag but I’m getting two in case a neighbor or a friend needs it,” the elder man said.

The original NYSun item has evidently struck a nerve — the link is so busy you may not be able to get to it, but here is the link to the full story.

This just in: “Federal Reserve Chairman Ben Bernanke said Wednesday a recession is possible and policymakers are “fighting against the wind” in trying to steady a shaky economy, according to a report by the AP.“

As chairman of the Fed, Bernanke there can be no doubt that he is aware that his words become a self-fulfilling prophecy.  Either that, or he is an idiot, and I don’t believe that to be the case. He had his predecessor’s record as a guide.

Alan Greenspan made a similar forecast in 1992, triggering a pre-election recessionary period that George H. W. Bush publicly blamed for his loss to Bill Clinton in that year’s general elections.

In 1996, Greenspan made his famous ‘irrational exuberance’ comment, triggering a slide that history knows as the “Burst of the Dot Com Bubble.”

Since the unfortunate successes in Iraq and Afghanistan, the Democrats are left only with the economy to demagogue — Bernanke knows this, too.

Finally, it is the job of the Federal Reserve Board to prevent economic recession, not trigger one, as Bernanke surely knew his comments would do. (As previously noted, he’s really not an idiot.)

Why would the Fed chairman purposefully ‘talk down’ the economy in an election year, knowing his comments would trigger a panic whose ripple effect wouldn’t trickle down to the consumer level for another six months?

Let’s see, six months from April would be, ummm, October, no? Surprise! �