Re: Obamanomics
The price of oil was heading downward already and he butted in !!
As I said to you before. You dont know jackdiddlysquat about oil. 2 weeks prior, OPEC refuse to increase the production of oil and holding oil on an UP trend. The saudis, under pressure from the administration to increase oil since we protect them, unilaterally announced they would increase oil.
This increase started a manufactured decline and as a message to the rest of the industry ( a shot across the bow sotospeak) obama releases oil from the spr to speed up the decline.
You on the other hand, would rather oil set at 4 bucks or higher, as you know that will kill the economy and give the republicans some sort of edge in 2012. You, like the republican party, would rather sacrifice the entire country and its people just to win an election.
Oil is a manipulated market, and you only seem to agree with the practice when oil is heading up.
I just dont get it.
Peace.