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ooh and remember Obama and the Democrats saying the oil prices going up were totally due to speculators, and that government couldnt do a dam thing about it? WRONG AGAIN
to little too late, its all a re-election ploy...why not allow more permits for drilling, this temporary band-aid isn't going to do much, and the price will go right back up again.
i had high hopes for this president, but he is clearly out of his league. the president and his supposed advisers are completely clueless how to run a nation.
When you see oil drop in price and commodities still rising and the stock market take a drop.... Things are a mess in the inflation world.
There is a back door deal happening someplace with our printing press.
Isnt that the truth.. the stock market should be skyrocketing today due to lower operating costs for all businesses. Even airline stocks are down which makes absolutely no sense, since their biggest expenses is fuel.
Oil down over 5% to $90/bbl. Obama pulling out all the stops...releasing 30 Million barrels and pulling 30k troops.
Speculators crushed.
Effectively a major tax cut.
Wall Street tumbles on economic concerns, oil selloff (http://finance.yahoo.com/news/Wall-Street-drops-at-open-on-rb-3592006168.html;_ylt=Aml0t2ny9ebrzj4GTefXpKa7YWsA; _ylu=X3oDMTE1amdvZ2FuBHBvcwMzBHNlYwN0b3BTdG9yaWVzB HNsawNkb3dmYWxsczIwMG8-?x=0&sec=topStories&pos=main&asset=&ccode= - broken link)
There goes the idea that "drill baby drill" would not affect the price of oil. It also reenforces the idea that oil and gas prices are high because the 0bama admin is so hostile to US oil production.
Oil down over 5% to $90/bbl. Obama pulling out all the stops...releasing 30 Million barrels and pulling 30k troops.
Speculators crushed.
Effectively a major tax cut.
Wall Street tumbles on economic concerns, oil selloff - Yahoo! Finance (http://finance.yahoo.com/news/Wall-Street-drops-at-open-on-rb-3592006168.html;_ylt=Aml0t2ny9ebrzj4GTefXpKa7YWsA; _ylu=X3oDMTE1amdvZ2FuBHBvcwMzBHNlYwN0b3BTdG9yaWVzB HNsawNkb3dmYWxsczIwMG8-?x=0&sec=topStories&pos=main&asset=&ccode= - broken link)
Obama is doing what he can to counteract some of the effects of the GOP attack on middle income Americans. Trying to lessen their daily costs until we can get the GOP out of the way, so as to get the economy producing more jobs.
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