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September 15, 2008
Bad News Isn't Bad for Everyone
The one nice thing about moonbattery is that for its adherents, bad news is good — and there's never a shortage of bad news.
For example, our economy took another hit when the recent bad weather in the Gulf pushed up gas prices by inflicting damage on an industry that has been forced to concentrate there, in part because liberal bureaucrats have made it so hard to drill or refine elsewhere. What's bad for us is good for Think Progress, which takes the occasion to accuse McCain of lying about spillage caused by Katrina and Rita, and to condemn him for wanting to expand offshore drilling.
Likewise, Obama is seizing on Wall Street's escalating problems as an opportunity to bash Republicans. Although blaming the crisis on "outsized bonuses to CEOs" is juvenile, he does have a point: if it weren't for capitalism's defenders, we wouldn't have to worry about bankrupt investment banks. All we would have to do to get by under socialism is keep working at a brisk pace so as not to attract the attention of the guards.
Maybe the Dems will luck out and a giant meteor will hit New York before the election, due to Sarah Palin having done nothing to stop it.
On tips from LT Nixon and nanc.
Posted by Van Helsing at September 15, 2008 7:58 AM
Comments
I am so sick of libtard tinfoil hattery. a complete bunch of farktards with too much time on their hands.
Posted by: Zen at September 15, 2008 8:20 AM
snowjobama forgets that it was potus carter who has had more to do with subprime lending than any other potus dating back to 1929.
Posted by: nanc at September 15, 2008 8:55 AM
Speaking of oil (I know, who spoke about oil?), I noticed something interesting. This morning, according to the stock report on TV, oil prices were down under a hundred dollars a barrel, yet gas prices at the pump (last night) were, in our area, almost $4.40 a gallon for premium unleaded. I'm thinking this is because, with the refineries down for protection from the storm, we aren't making gasoline, so we're kind of 'full up' on oil at the refineries, so we aren't buying as much now. Can anyone tell me if I'm right, wrong, close?
Posted by: The Watcher at September 15, 2008 9:12 AM
@nanc
Indeed. It's unlikely AIG would be in the jam that it's in if provisions of the Glass-Steagall Act hadn't been repealed in 1999, allowing insurance companies to get into securities and derivatives.
Guess who was president in 1999?
Posted by: Rob Banks at September 15, 2008 9:14 AM
Watcher, that's right. Oil prices have gone down. However, gas prices are temporarily rising because a lot of the processing refineries that actually produce the gasoline were temporarily closed due to Ike.
Posted by: Adam at September 15, 2008 10:27 AM
