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Tuesday, June 10, 2008

Saudis host oil cost meeting, point to dollar again

It's the economy, stupid, yet again. And McCain has the audacity to say Obama is bad for business? Seriously? If he looked beyond his 8 or 9 houses, he might see that the world economy is being dragged down by the Republican economics that he helped put in place. The weak dollar, high demand (even with the mild reductions) and speculators (i.e. an under-regulated market) are feeding the market frenzy. Add to that the normal problems in Nigeria coupled with the ongoing mess in Iraq and inflammatory remarks about Iran and guess what you have? That's right, you have overpriced oil.

If McCain wants to talk about the economy, by all means, let's hear how he's so different from the economy that's in place today. Let's give him a head start so Phil Gramm can whisper stories into his ear but it's not our fault if he gets the story wrong as he does when Lieberman tries to give him answers.

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