Delete comment from: Captain Capitalism
Sorry, American friends. Oil prices are not
going up; it is the US dollar which is going down.
The price of oil is about 13.4 bbl
per ounce of gold, which is neither particularly high nor particularly low. The cost of oil tends to fluctuate between about 9 bbl/oz and about 18 bbl/oz.
You have a Commie for president. That is the paramount economic fact about the US today. And there is no excuse for having voted for him. He wrote a book, "Dreams from my father", which is pretty clear. And the father wrote "Problems with our socialism" in 1965 ("our" being Kenya) which was and is freely available. It sets out a crude prototype of Obanomics.
Of course as Aaron has so eloquently documented there is pervasive rot in the economic system (if you haven't read his book for Heaven's sake purchase a copy today and READ it).
Apr 22, 2011, 7:30:23 PM
Posted to Economic Dumbassery