September 15, 2006
Blaming Bush, Again
MyDD's Chris Bowers looks at George Bush's approval ratings vs the price of gasoline.
That gas prices are dropping around election time is no surprise at all. In fact, I predicted it would happen five weeks ago. When a power-mad administration is this marinated in the oil industry, and when it isn't exactly a state secret (except, apparently, for journalists) that Presidential approval has long been tied to the price of gas, of course the Bush administration was going to do something to lower the prices of gas around election time.
I don't think Chris has any idea about the oil supply line and market reaction times.
If releasing oil from the Strategic Petroleum Reserve in the spring cuts prices in September, how can Saudi production increases "around election time" have an immediate affect on gas prices? Shouldn't they both be instant? or both delayed?
The post begs the question, why "a power-mad administration this marindated in the oil industry" that has enough control over the price of oil, would allow fuel prices to rise? Why not keep us all fat, dumb and filling our Hummers? It's easier for a President to get his way if he's liked.
But don't sweat the details. According to Mr Bowers, there's no need for concern about the numbers unless the Republicans can gain another three or four points.
He doesn't say what that means, but since we're in conspiracy mode, I think it means that Republicans are in Diebold range.
Update: Incidentally, lest you believe that this is a fringe liberal idea... here's a picture of Chris Bowers meeting with former President Bill Clinton the other day.Oil and Energy President Bush Posted by AlexC at September 15, 2006 2:59 PM