Barack Obama's empty promises"
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Posted by: obiefrommuskogee 1 year, 3 months ago
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donald511 year, 3 months ago
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sycophant repugs supported Dumya almost exclusively for 8 years now!
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Stem cell veto backed by the repugs!
10 million poor kids getting health coverage vetoed by dumya and backed by the repugs.
Removal of the amendment to allow our Sadam tortured soldiers to sue Iraq due to Bush threatened veto for the first defense spending bill of this year!
Repug senators failing to back a bill to control wall street speculators as they and Dumya can on say DRILL, DRILL, DRILL....!
Repug senatorial obstructionists backing Dumya!-
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tiredofwhiners1 year, 3 months ago
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Just to pick apart one of your ignorant attacks:
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"--Repug senators failing to back a bill to control wall street speculators as they and Dumya can on say DRILL, DRILL, DRILL....!"
Any stock market or commodity trader or econ 101 student knows that in our free market prices are set by supply and demand and a lot of guess work and psychology of those who buy and sell. The tremendous drop in oil prices lately shows that those speculators pay the price when they are wrong or conditions change. A law was passed limiting commodity trading in the U.S. some time ago. They found out the stupidity of that when the trading moved to London (no such silly restrictions). So the law was rescinded to get the trading back to New York and Chicago.
Probably the biggest cause of the drop was Bush saying he rescinded the executive ban on American offshore drilling. If Congress rescinds their ban, and oil cos. are actually allowed to explore and drill, watch oil drop another massive amount. Less driving by the average American also has helped because - duh - of the high price of gasoline.
I personally LMAO thinking about the huge losses the speculators were taking since the day of Bush's announcement. Poetic justice. You don't need laws to control oil prices. It is a world market not set by American laws and restrictions. The economics flunkies who are our 9% rated Democrat majority congress are the last ones we should go by. Whatever they say should be done to solve a problem, do the opposite or don't at all.
I hope this little lesson in econ 101 gets through to your cerebrum. Not likely though if you're a lib or Democrat.-
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ADAGUY1 year, 3 months ago
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"Any stock market or commodity trader or econ 101 student knows that in our free market prices are set by supply and demand "
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Supply and demand, as in Enron?
There are so many ways to construct fronts that are disguised on paper to look like real corporations which are trading futures every day. But in fact, many of them are no more than a way for a major trader to produce higher prices.
Lets say you buy 1000 worth of oil futures, then you sell them to me for 1100. Then I sell them back to you for 1200, then you sell them back to me for 1300, then some dumb jerk who doesn't know that he is being set up comes by and buys them for 1400 This is what is going on right now. But because many of the traders are overseas, it's impossible to do anything about it.
Bottom line is when it comes to future trading, much of the demand sector is a paper front.
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