Bring It On!

Bush Feels Your Pain at the Pump?

May 6th, 2008 | by Papamoka |

President Bush today let the American people know that he is right on top of things with the rising gas prices. Then again, no, he really didn’t. But he did acknowledge that it’s a problem for the working class of America. Then again, no, he really didn’t. I’m pretty sure he is really feeling the pain that we are all suffering but I’m also pretty sure that President Bush had his fingers crossed through the whole interview.Over at MSNBC they had this to say on our distinguished “Deciderer” on the gouging at the pumps…

Bush: No quick fix for gas prices
President troubled by ‘tax on working people’; to take look at proposals

WASHINGTON - President Bush said Monday that he’s troubled by rising gas prices and will take a look at proposals to relieve the crisis but warned that there is no quick fix.”It’s been a while in the making and it’s going to be a while that we solve the problem,” Bush said in an interview on ABC’s “Good Morning America.” “We’re too dependent on foreign oil and we need to be exploring more at home.”

Bush said the rising cost of gas “troubles me a lot” because it is “like a tax on the working people.”

Snippet…. Wait for the key phase!

He said he understands the pinch for working families and that some people will cut back on summertime travel. The federal tax rebate on the way to taxpayers will help, he said.

“One way to help solve it, of course, is by sending some of the money back. That’s what’s happening now as we speak. There’s a rebate going back to the American people, which should help,” Bush said. He reiterated his call for Congress to make permanent the tax cuts enacted during his administration. - MSNBC

This was classic Bush and his shiny object over here while I’m doing something else over here. Does the man think that the entire nation suffers from some form of attention deficit disorder?

Basically, his whole speech or interview could be translated into the following. Blah, blah, blah, gas prices, blah, blah, rebate checks, blah, blah, blah, but leave my tax cuts for the top two percent of income earners alone!

Maybe somebody should explain to the Nit Wit in Chief that the gas crisis is market driven and not a supply problem. Then while they are explaining that they could tell the deciderer that some of that market problem is directly linked to some little scuffle in the Middle East called the Iraq War that he started to settle a personal grudge! 4,000 plus U.S. Military dead but at least the crayon pusher at the White House got the guy that threatened to kill his daddy.

George Bush could care less if you can not afford to fill up your Chevy or Ford to get back and forth to work and why should he? He could care less if your family is about to have the lights shut off because the money is so tight these days that food just might be more important than paying the electric bill. All you people that are on fixed incomes are totally screwed if this sad excuse for an American President has any say in a pay raise of one or two percent in your Social Security check. You folks might as well sell your cars and think about canceling next winters idea about having heat in your home. In his mind your winter heating problem could be fixed by moving your sorry asses south where you don’t need heat in the winter! He is about as compassionate as a freaking rock! You might want to duck because the CEO of XYZ oil has this puppet boy President’s permission to smash all your windows and take all that they want from you.

I’ll be very clear that this President is on the take and his pockets are lined with the tears of the poorest American’s and those tears are not enough for him or his corporate buddies in the oil industry. Ten Billion in profits every three months isn’t enough for the number crunchers, they feed on greed and want more of what you no longer have. By the oil industry I’m also talking about all those fast talking salesman on Wall Street that are riding the fatted calf of oil with no care for their fellow man. Bush and company is all about full speed ahead till the Democrat’s derail the Republican business machine that takes no prisoners.

One has to give the Liar in Chief Bush credit, he has never wavered on the services he could provide to his business friends that put him in the White House. George Bush and Dick Cheney are very loyal to their friends, that is till the special prosecutors come looking. Bye Alberto, bye Scooter, bye…

Papamoka

Originally posted at Papamoka Straight Talk

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  1. 13 Responses to “Bush Feels Your Pain at the Pump?”

  2. By Dusty on May 7, 2008 | Reply

    Maybe somebody should explain to the Nit Wit in Chief that the gas crisis is market driven and not a supply problem.-THANK YOU!!!! ;)

  3. By Matthew O'Keefe on May 7, 2008 | Reply

    Amen Dusty… Wait a second… I wrote that…LOL!

  4. By Dusty on May 7, 2008 | Reply

    Its a good post Matt, thank YOU ;)

  5. By rube cretin on May 7, 2008 | Reply

    papa,
    Great post. I agree we have poor leadership. But i must say i am missing something in your statement, “Maybe somebody should explain to the Nit Wit in Chief that the gas crisis is market driven and not a supply problem.” The market is allocating the available supply through price. Worldwide supply is stable, but world wide demand is increasing. The poor are being adversely affected, because they are being priced out of the market. Supply at an affordable price is the problem. Most of the data i see indicates that crude production has peaked world wide and the market is allocating the available supply. The poor world wide have been priced out of the market and the middle class is beginning to feel the pain. So to me it is a supply problem. Help me understand. Please.

  6. By Dusty on May 7, 2008 | Reply

    The oil per barrel price is predicated on the worth of the dollar too, isn’t it Rube?

  7. By rube cretin on May 8, 2008 | Reply

    dusty,
    the value of the dollar increased today against most currencies, especially the Euro. Yet the price of crude closed at an all time high. Please explain.

  8. By Dusty on May 8, 2008 | Reply

    Rube, I ain’t no specialist in crude my dear and I did pose my comment in the form of a question didn’t I?

    From what I have read, the oil futures are going through the roof lately in part due to the dollar’s demise because investors are dumping the dollar and moving to oil futures as a way to make some moolah. Now, you say the buck went up today, but hasn’t it, for the better part of the last four years, been spiraling downward? (its a question at the end, because I am not sure of the historic nature of the value of the dollar pre 2005)Now, this story is only two days old:

    http://tinyurl.com/5ef6jl

    These parts caught my eye:

    The dollar’s continuing weakness and production problems in Nigeria are behind the latest price increases.

    *snip*
    Markets have also been unnerved by political tensions in Iraq and Iran. However, some relatively good news about the US economy seems to have given oil prices an extra boost.

    *snip*

    Phil Flynn, a New York commodities trader, said: “Maybe the demand for oil is going to rebound. People are piling back up on crude oil due to the weakness of the dollar and production issues. But it also looks like momentum play. This stubborn oil bull just refuses to die.”

    Which all tells me there are a shitload of excuses for why the price of crude and ultimately the price of gas is through the friggin roof. ;)

  9. By rube cretin on May 8, 2008 | Reply

    dusty,
    please i don’t understand this economic stuff, beyond the fact that most macro energy data indicates peak oil has or is about to occur. Personally, i believe it occurred in late 2006. This does not mean there is not lots of oil remaining to be produced. What it means is that the rate at which it can be produced has peaked. In other words the maximum available supply for consumption by the world each day has been reached. It is all downhill from here. The easy stuff has been discovered and produced. The remaining reserves are deeper, further out at sea, of lesser quality, etc. The real value of oil is not measured by its cost in dollars, but by the amount of work it can do. Competition for available oil is growing across the world and until demand destruction occurs the price will continue to go up as long a the market is the allocator. Many believe 5oo dollar oil will be here within the next 3 years. Personally, i believe we will have 150 dollar oil by july of this year, if we don’t fall into a depression. Which unfortunately looks very probable. To me the important thing is that the maximum available supply of petroleum has been reached and how it is distributed is the noise we are discussing here. Demand cannot exceed supply. Therefore we do have a supply problem IMHO.

    How we adjust to declining supplies will determine our future. We can choose to ignore the problem and like lemmings go over the cliff or make massive changes to our life styles and move to a more sustainable way of life. If Dawkins, (The Greed Gene), or Julian Edneys essays on greed are to be believed the future is not very pretty. Others such as H. T. Odum believe there is a prosperous way down and offers policies for the transition. Me i really don’t know, but as an old man i have a front row seat to just sit and watch the transition from humans to greater biodiversity. WHAT A RIDE.

    Please forgive.

  10. By Dusty on May 8, 2008 | Reply

    Good morning Rube!

    Please, no apologies necessary kind sir.

    I think you explain your pov very well, and I do agree that your assessment is very good. Thank you for taking the time to explain it to a simpleton like moi ;)

    Since oil will not run out in my or your lifetime, we do have a frontrow seat. But as for our heirs, they will be the ones that suffer if ‘we’ don’t change our ways.

  11. By rube cretin on May 8, 2008 | Reply

    yes oil will be around throughout our lives. But will we have access to it or be able to afford it? Some exporting countries are already beginning to cut back on exports saying they want to save supplies for future generations of their citizens. Can’t blame them for wanting to take care of their own. However, their leadership must be shaking in their boots, because of the desperate needs of the energy hungry people in highly populated countries with large military forces. Since all the alternatives to oil are marginal, this is a prescription for very interesting times ahead. H. T. Odum in his book, The Prosperous Way Down, concludes with these words,”It remains to be seen whether the social mechanisms will be conscious, logical, emotional, ritualistic, regimented, or by some means that we can’t imagine.

    One of these days most will agree that a defining moment in human history was peak oil. Learn about it and begin to make adjustments to your life. I recommend THE OIL DRUM. google it. Some very interesting article are up today. Sorry for the rant, but this shit is really important.

  12. By Dusty on May 8, 2008 | Reply

    European countries, like Britain are already paying 10 bucks a gallon Rube..like Tom Watson said on another thread, he dumped his car and we might be considering the same thing very soon if the price goes through the roof.

    Yes, it is important Rube..and the phrase ‘price controls’ comes to my mind…but omg..that is so socialistic isn’t it? ;)

  13. By rube cretin on May 8, 2008 | Reply

    good for Tom. Interesting thing is 70 percent of the cost of gasoline in Britain is tax. they did it long ago and used the revenue to built their mass transit systems. they could cut their taxes greatly and provide real relief to their citizens. we in America thought al gore was a fool for wanting to put a 50 cent per gallon tax on gasoline in the late 90’s to be devoted to mass transit projects, but we Americans thought that a bad thing to do. Tt remains to be seen who will do better during the long decline in oil supplies, but i believe the advantage is going to the brits.

    No price controls are a bad idea. nixon tried that and it gave us ungodly gas lines, and other market distortions too complex to understand. Rationing might be tried, but not sure of its effectiveness. Conservation is our best strategy and it is coming whether we like it or not. “”Ask not for whom forced conservation comes, it comes for thee.”

  14. By Dusty on May 8, 2008 | Reply

    I lived in Boston for five years. I sold my car within three months of moving there. I do NOT have a problem with good mass transit. I think jacking our gas prices to force decent mass transit throughout the US is a great idea…but now..its too little too late. Al was right damn it. :)

    I know and agree we need to conserve, I hate when folks say drill it all fuck ANWAR..and I agree that rationing and price controls didn’t work in the past..but if we taylor those tools to today’s needs ya never know!

    Thanks for this discussion Rube..you rock m’dear. ;)

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