Saturday, November 25, 2006


The “free” market drives down gas prices before the election.- Conspiracy theory huh?According to Trilby Lundberg, whose Lundberg Survey of gas prices showed a five-cent hike after the election, the recent price hike -- after three months of plummeting retail costs -- is a result of the market having "soaked up" a "mini-glut" of crude oil from August, causing a "normalization" of supply and demand.
What's the source of said "mini-glut"? ....Goldman Sachs, which runs the largest commodity index, the G.S.C.I., said in early August that it was reducing the index's weighting in gasoline futures significantly. The announcement did not make big headlines, but it has reverberated through the markets in the weeks since and some other investors who had been betting that gasoline would rise followed suit on their weightings.
"They started unwinding their positions, and those other longs also rushed to the door at the same time," said Lawrence J. Goldstein, president of the Petroleum Industry Research Foundation. The August announcement by Goldman Sachs caught some traders by surprise.
To be precise, that was $6 billion worth of gas futures dumped on the market like a sack of potatoes, catching "traders by surprise."

Blogger Raymond Keller notes that Goldman's move came just weeks after its former Chairman and CEO became a Bushie:
President George W. Bush nominated Henry M. Paulson, Jr. to be the 74th Secretary of the Treasury on June 19, 2006. The United States Senate unanimously confirmed Paulson to the position on June 28, 2006 and he was sworn into office on July 10, 2006.
So what does Goldman do just weeks after Paulson is sworn in as Treasury Secretary?
It announces a subtle move that drives down gasoline prices, short-term. ....What really strikes me about this story is the degree to which the idea that gas prices could be manipulated for political purposes caused so much cognitive dissonance among so many otherwise intelligent people. We know that markets are constantly being manipulated for financial gain, we know that the big oil companies have colluded in the past and we know there was ample motive for doing so now. I think it's a testament to how deeply indoctrinated the American public, or at least American opinion makers, are into the mythology of the free market, supposedly pristine and uncalculating.

Glenn Greenwald and I agree. The radical rights game is to accuse others of what is a mirror image of themselves.

Everything they accuse others of doing -- exploiting national security for domestic political gain, being 'unserious' about war matters, playing games with the mission of the troops -- is what they do as transparently as possible. And note how they used a senior military official to make the disgusting claim that the violence in Iraq was related to a desire to help Democrats win the midterm election: "A U.S. military spokesman in Iraq last week attributed the increase in violence at least partly to terrorists who want to influence the American vote."The idea that the sectarian violence in Iraq, which has been spiraling out of control since the beginning of the year, had anything to do with trying to make Democrats win the election was always as transparently false -- stupid even -- as it was repugnant. Yet they say anything, and the media largely lets them get away with it........Nobody glorifies the power of the Islamic Terrorists more than Bush followers do. As The Heretik says in comments: "What's so impressive about the terrorists and the insurgents and the Shiites and the Sunnis who yearn so for the inevitable caliphate that will stretch from Spain to Pluto and beyond is that even as they fight amongst themselves, they have time to sit down and figure out how to influence our politics here." And he says over at his own blog: "Our midterm elections are over and the violence that was raised to influence those results has spiked even higher"........So, to recap: when insurgents engage in violence before the elections, that's the fault of Democrats because it's done to help them win (and credit to Republicans because it shows how tough they are on The Terrorists). When the insurgents engage in violence after the elections, that's also the fault of Democrats because they are excited by the Democrats' success (and credit to Republicans because Republicans want to stay forever, which makes the insurgents sad and listless). And when there is no violence, all credit to Republicans because it shows how great their war plan is.Put another way, no matter what happens in Iraq (violence increases, violence decreases), and no matter when it happens (before the election, after the election), it is the fault of Democrats and it reflects well on the Republicans. Isn't it fair to say that that's the very definition of the mindset of a cultist?

Dobson thinks liberals have no “moral compass”
Dobson said, for example, that progressives aren’t in a position to question others’ morality, because we don’t believe in right and wrong.
“We’re all inclined to look at other people, but it’s interesting to me that those, again, on the more liberal end of the spectrum are often those who have no value system or at least they say there is no moral and immoral, there is no right or wrong. It’s moral relativism…. So they say there is no right and wrong. But when a religious leader [Ted Haggard], especially an evangelical falls, guess who is the most judgmental of him and calling him a hypocrite and those things? Those that said there is no right and wrong in the first place.”
It’s fascinating. Dobson seems to literally believe that liberals have no moral compass at all. Given recent events involving the most pious among us — Haggard, Swaggart, Bakers, Falwell, Robertson, Roman Catholic sex scandals — I’m not quite sure why Dobson believes Christian conservatives have the moral high ground. Larry King didn’t ask.

Ron: Holy deluded do you have to be to believe this slime~!? I am a liberal or progressive, whatever you want to call it, and I dare you to tell my parents that I have no moral compass! How much of the country is he proclaiming totally without any morals? What do you think matters of war and peace are about? How about caring for the least among us? How about equality for all? How about preserving nature(Gods creation) I could go on and on. Why do people continue to spew such obvious falsehoods. Do they really believe stuff like this? I would say that if they really in their heart believe it they have a societally dangerous mental problem.


Anonymous Anonymous said...

Oil: When you control much of the supply and much of the demand then these things happen. Its more than conspiracy: its mindset, attitude, networking and connections.

The Dobson types don't like people who think. Its a threat to their authoritarian attitudes. So they do mirror attacks accusing them of moral relativism.

Larry in New Mexico

12:31 PM, November 27, 2006  
Anonymous Anonymous said...

This is over a week old but just came across it. Notice the Views and Beliefs of the instigators. The Real Enemy and what it Worships does not change. Here

Larry in New Mexico

3:39 PM, November 28, 2006  
Blogger The Game said...

well, I guess the evil coorperations and "big" oil didn't get republicans elected as they had planned

11:00 PM, November 28, 2006  
Blogger Ron said...

Despite their best efforts apparently not Game.

11:14 PM, November 28, 2006  
Blogger Ron said...

Larry: Good for the Observer for admitting their mistakes and apologizing.
Did you notice in the last election that the only place that held for the Republicans was the South. I wrote in a post sometime ago that they were the party of southern mentality. It appears according to this apology that even the south is starting to change. Their ideas and time has nearly past...I hope.

11:21 PM, November 28, 2006  
Anonymous Anonymous said...

Apparently, now instead of attacking Iran the U.S. will make alliance with Iran in dealing with the Iraq thing.

Larry in New Mexico

12:46 PM, November 29, 2006  
Anonymous Anonymous said...

Europe does it too! Here

Larry in New Mexico

5:53 PM, November 29, 2006  
Blogger Ron said...

The only thing to live for is making money. Even in Europe. I am glad you found David Sirota. He is a full blooded liberal populist. One of my favorite guys.

11:01 PM, November 29, 2006  
Blogger Dedanna said...

game said... well, I guess the evil coorperations and "big" oil didn't get republicans elected as they had planned

Doesn't mean it's not happening. Game, have you ever done any real research on the GOP ties with Halliburton?

That one alone says it all. There are many others. Run a google search for news about China involving the U.S.

Larry: Europe has been as it is now for quite some time. Longer than the U.S. It's part of the socialistic mentality. Rape the poor, so the elite can get richer. With the GOP tie-in with England, England is now just another U.S. (or is it vice-versa?).

I guess to be purely honest, it's typical global mentality, rather than just European mentality. It's everywhere.

7:28 AM, December 04, 2006  
Anonymous Anonymous said...

Dedanna, Its the EU and their corporatist supporters that are trying to keep Africa, Asia and South America down. Many individuals, organizations and national governments in Europe are opposed to this. What I was pointing out was that corporatism is worldwide as you mentioned and has been for a very long time.

As for "socialism", state socialism indeed keeps down everyone except for the ruling elite just like the neocons do. Corporatists actually like both, as you mention in our dealings with China. Democratic Socialism is far different. In this nation they are the ones who worked for Social Security, Medicare, Child Labor Laws, Union representation, universal education, Women's Sufferage, WPA and CCC among other things. There were others who worked for these for various reasons but Democratic Socialists of various names were an organizing force. Northern and Western Europe have gone further and are more open about it despite powerful corporatist interests there than has the U.S., where it is (diliberately) misunderstood and given a "bad" name.

Larry in New Mexico

4:55 PM, December 04, 2006  

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