Op Ed piece from the N.Y. Times on the current oil policy

[parkerbink]

Depending on what you want to believe you can make a case for any argument. Look at the bottom line: The dollar is worth much less than it was in 2000. That has the biggest impact on the cost of anything that is imported. The euro is now the defacto world currency.

That plus many other things conspire to cause our economy to be in the crapper.

Why is the dollar on a downward spiral? Why is our economy in the crapper? This is the root issue.

[Lair]

Why is the dollar on a downward spiral? Why is our economy in the crapper? This is the root issue.

Three guesses. . .

[Funkmasta]

This from a president who for six years resisted any pressure on Detroit to seriously improve mileage standards on its gas guzzlers.

Yes, give Detroit MORE money! That worked well in the past.

[Lair]

Yes, give Detroit MORE money! That worked well in the past.

McCain wants to give Detroit $300 million to develop a battery.

More corporate welfare!

By Steve Holland

FRESNO, Calif., June 23 (Reuters) - Republican John McCain said on Monday if elected he would propose awarding a $300 million prize to the auto company that develops a next-generation car battery that weans America off oil.

McCain sought to portray himself as a forward-looking leader on solving the U.S. energy crisis a week after taking heat from Democrats for reversing position and supporting offshore oil drilling.

[Pinepig]

Look at the bottom line: The dollar is worth much less than it was in 2000. That has the biggest impact on the cost of anything that is imported. The euro is now the defacto world currency.

Google "petro dollar", make sure you understand how Nixon and OPEC relate to it. Throw in "Oil Bourse" if you actually want to learn something besides how to make tin foil hats ( already gave ya that link ). Let's see if you can actually put 2 and 2 together and not come up with 87.

[Funkmasta]

Why is the dollar on a downward spiral? Why is our economy in the crapper? This is the root issue.

Because investors (gamblers) got greedy. ALL of them, at the same time.

Adjustable rate mortgages? What the fuck? There are SO many people that are currently in houses that are getting screwed every day.

How is it anyones fault that people bought houses to either attempt to stay in with
a: the "hope" that they would make more money to afford to refinance before the "fuck me" rate kicked in, or
b: the "hope" that they could cheaply fix up the house and flip it before the "fuck me" rate kicked in. Some flippers have 2 or 3 homes!

Or how about the investment groups that bought bundles of subprime loans from banks?

All on a "hope" that the housing industry would continue to explode as it has in the last 4 years?

Sounds to me like "hope" isnt working, and the last thing we need is "change".

The people that got MAJORLY screwed in our current economic speedbump are the gamblers and the hope-and-dreamers.

[Funkmasta]

McCain wants to give Detroit $300 million to develop a battery.

More corporate welfare!

And since when was McCain a prize pig?

I would be surprised if anyone EVER passed a 300 million dollar prize for that. Hopefully someone will realize that electricity is not the answer.

[parkerbink]

Because investors (gamblers) got greedy. ALL of them, at the same time.

Adjustable rate mortgages? What the fuck? There are SO many people that are currently in houses that are getting screwed every day.

How is it anyones fault that people bought houses to either attempt to stay in with
a: the "hope" that they would make more money to afford to refinance before the "fuck me" rate kicked in, or
b: the "hope" that they could cheaply fix up the house and flip it before the "fuck me" rate kicked in. Some flippers have 2 or 3 homes!

Or how about the investment groups that bought bundles of subprime loans from banks?

All on a "hope" that the housing industry would continue to explode as it has in the last 4 years?

Sounds to me like "hope" isnt working, and the last thing we need is "change".

The people that got MAJORLY screwed in our current economic speedbump are the gamblers and the hope-and-dreamers.

Thanks for proving my point. What governmental entity allowed the lack of oversight that caused the mortgage collapse & then bailed out the bank?

Pinepeg you can search, too bad you don't know what you found.

I am glad at least we have returned to discourse.

[Pinepig]

Pinepeg you can search, too bad you don't know what you found.

That's a fantastic way to avoid the original question I posed to you about the Euro being the "defacto" world currency, well done.

Snce we are back to you avoiding the issue, do you got those thong pics yet?

[parkerbink]

Google "petro dollar", make sure you understand how Nixon and OPEC relate to it. Throw in "Oil Bourse" if you actually want to learn something besides how to make tin foil hats ( already gave ya that link ). Let's see if you can actually put 2 and 2 together and not come up with 87.

Where is there a question alluding to the euro in this post? Put down the bong and you won't forget to ask questions you think you asked.

That's a fantastic way to avoid the original question I posed to you about the Euro being the "defacto" world currency, well done.

Snce we are back to you avoiding the issue, do you got those thong pics yet?

RIF, apparently comprehension is not part of your to do list. I told you I am not a part of your party with blunt.

Do you have the pics of blunt teabagging you?

[Pinepig]

You were the one that stated that the euro was the defacto currency of the world. I posted some search links so you possibly understand why it isn't so. Please read up on of what you speak so at least you'll have a small clue before you spout complete bullshit.
You continue to avoid anythng remotely "on topic" and just go back to flinging shit ( which you still suck at ). I was just trying to bring it back down to your level again before you tighten up that hat again.

[parkerbink]

You were the one that stated that the euro was the defacto currency of the world. I posted some search links so you possibly understand why it isn't so. Please read up on of what you speak so at least you'll have a small clue before you spout complete bullshit.
You continue to avoid anythng remotely "on topic" and just go back to flinging shit ( which you still suck at ). I was just trying to bring it back down to your level again before you tighten up that hat again.

Did you say something?

I think not.

I have flung no shit. You are the shit flinging king. Go on down to burger king and get your crown.

[Funkmasta]

Thanks for proving my point. What governmental entity allowed the lack of oversight that caused the mortgage collapse & then bailed out the bank?

Pinepeg you can search, too bad you don't know what you found.

I am glad at least we have returned to discourse.

No one bailed out the banks.
The banks knew that it was a bad idea, so as soon as they could bundle them up, they sold the loans to greedy investors.

Governmental oversight, well... I don't think that it was ANY secret that the subprime loans were a BAD idea. For someone to get caught in one, is THEIR OWN FAULT.

[Pinepig]

Did you say something?

I think not.

I have flung no shit. You are the shit flinging king. Go on down to burger king and get your crown.

As per usual no substance except for poo.

[parkerbink]

No one bailed out the banks.
The banks knew that it was a bad idea, so as soon as they could bundle them up, they sold the loans to greedy investors.

Governmental oversight, well... I don't think that it was ANY secret that the subprime loans were a BAD idea. For someone to get caught in one, is THEIR OWN FAULT.

Two words:

Bear Stearns?

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4200691.ece