« On Nevada & the morons of S. Carolina | Main | Quick primary analysis »
January 24, 2008
Quick! Everybody turn thumbs down on the economy!
For the last few days, the media has been (as you probably know) reporting that confidence in the economy is down, down, down. (With a gleam in their voice, as if it were all Bush's fault, no doubt.)
But something they haven't been reporting as loudly is that oil, from a high of just a tick over $100/barrel last week or so, had dropped to between $85 and $90.
This morning, as I'm getting ready for work, I'm hearing on the radio that, thanks in part to Bernanke's 3/4-point interest rate cut, optimism on the economy has rebounded a bit. And so has the price of oil - to around $88 and change/barrel.
Uh, Ben? Could I have a little bit more pessimism, please? Say, about $40/barrel worth?
Posted by Lord Spatula I, King & Tyrant at January 24, 2008 05:35 AM
Trackback Pings
TrackBack URL for this entry:
http://www.spatulacitybbs.net/mt/mt-tb.cgi/993
Comments
Rush said it best when he pointed out that the democratic party is a party of losers. For them to do well, America must suffer. The MSM is only too happy to be the cheerleaders on the sideline, even if it involves reporting outright lies.
Posted by: Anthony L. at January 25, 2008 11:02 PM
Very true, sir.
Of course, my quip was a bit tongue-in-cheek. :-)
Posted by: Lord Spatula I, King & Tyrant at January 25, 2008 11:17 PM