Breaking! President Bush Blames Congress for Economic Woes!!!

Who knew he'd find exactly the right words to punt the blame?

Well, probably most of us, but I digress. 

He's a walking talking propaganda machine these days.  There appears to be actually no other use for the man now, but to make sure his legacy of war to get resources for fat cats and economic destruction continues by insuring his chosen successor wins in November.

Bush pushed for lawmakers to approve new refineries to increase gasoline supplies, allow oil exploration in the Arctic National Wildlife Refuge in Alaska, support nuclear power, and reform the Farm Bill.

He also called on Congress to pass legislation to modernize the Federal Housing Administration, reform housing finance companies Fannie Mae and Freddie Mac, and allow state housing agencies to issue tax-free bonds to refinance subprime loans.

RE: gas supplies proposals.  Gasoline prices are tracking oil prices for light sweet crude.  That means the problems are not refinery shortages, according to findings from at least one earlier investigation.   It means the cause of high gasoline prices is high light sweet crude prices because of supply problems and the US government continuing to use light sweet crude instead of stockpiling higher sulfur oil in the Strategic Petroleum Reserve according to one of the most respected experts in commodities.  It would take even less than a pin to pop the light sweet crude bubble and that pin is in the hands of the president of the United States.  He gives the order to fill the SPR and with what to fill it.  In the kind of extreme emergency that the SPR was created for, higher sulfur oil coming out of it won't be as big of a worry as it is now.

ANWR is not a quick cure and would hardly affect oil prices some say for more than a short while according to some experts.  It would take many years to get into production mode, and probably wouldn't have as much affect on the cost of oil as Bush's botched war on Iraq did.

When dealing with issues of new refineries, and drilling, and nuclear power, decisions have to be made on who gets the air, water, and radiation pollution from those sources.  Also, most of the above are actually asking tens of billions of dollars of taxpayer money for help.  It would be better in the long term to put those billions into renewable resources (I don't think it's smart to include as renewable energy sources the biofuels boondoggle that Bush loves so much, but is beginning to increase starvation in the world).  Bush would love to lock taxpayer dollars on his buddies' project so they can't be spent on good ones before he sinks into the cesspool of his history.

 And about the last line in that excerpt:

  Um, Sir, most states in this nation are so deeply in debt that your little spiel about states floating bonds to guarantee risky mortgages is  a push for more of the reckless debt production at which you have been so good.

But anything to pass the buck, right Buddy? 

tags: bush  bush administration  economy  gasoline prices  oil shortage  

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