Kash at Angry Bear has a chart showing a fairly strong inverse correlation between oil prices and long-term interest rates over the past three months. The theory being that the market is concerned that high oil prices will undermine economic growth. That’s not a surprising conclusion. But the degree to which the two series have mirrored each other over the past month is notable.
Fighting Against The U.S.
Republican House Majority Leader Tom DeLay offered the following:
“LaRouche is a con felon and all I can tell you is that Mr. Morrison has supported and campaigned with LaRouche followers and Mr. Morrison also has taken money and is working with the Daily Kos, which is an organization that raises money for fighters against the U.S. in Iraq,” said DeLay.
What are the odds that Mr. DeLay has actually visited Daily Kos? Pretty low I’d say. Perhaps I missed something, but the only fund raising I’ve seen on the web site is for Democratic candidates and Democratic-leaning organizations. Are these the “fighters against the U.S. in Iraq” that DeLay speaks of?
I haven’t donated any money at the site, but I do have a user account. Am I thereby supporting America’s enemies?
Pre-Election Leaks
Vice President Dick Cheney, once again demonstrating that image management is more important than reality to the administration, had this to say regarding Iraq on Monday:
I think it has been a remarkable success story to date, when you look at what has been accomplished overall. I think the President deserves great credit for it.
This kind of stuff would be laughable except that there are so many Americans willing to lap up whatever this bunch dishes out.
Unfortunately for Bush, apparently not everyone in the government is buying the success story, as Josh Marshall points out. Because people keep revealing dirty laundry to the press:
Who over there [at the Pentagon] is trying to stick it to the president?
Look at two big news stories on Tuesday, the Washington Post report that the White House plans to ask for some $70 billion more in Iraq spending just a week or two after the election and this USA Today piece reporting that the Pentagon is planning to add roughly 20,000 more troops to the force in Iraq in anticipation of the elections in January.
Just on the basis of logical inference, I’m gonna bet those leaks didn’t come from Scott McClellan.
And don’t forget the leak about the CIA’s 9/11 report, which allegedly names names in the administration.
Clearly there are inside people who haven’t been happy with things that have happened the past four years. And I wouldn’t be surprised if we see unnamed government sources offer a few additional news scoops in the next six days.
Trusting Juries
President Bush has been out about the country stumping for “medical liability reform.” The rationale behind this being that juries can’t be trusted to award reasonable verdicts for damages and thus the federal government must step in with arbitrary caps.
Yesterday on C-SPAN I saw Elizabeth Edwards make an excellent point regarding this. She pointed out that as governor of Texas, Bush never questioned the judgment of juries when they sentenced people to be executed. Although a number of governors have recently grappled with the known imperfections in our criminal justice system, Bush had no qualms whatsoever with Texas’ assembly-line style execution process.
So when it comes to a trivial matter like life or death, George W. Bush has no problem with the wisdom of our jury system. But when corporate or insurance company profits are on the line, juries clearly can’t be trusted to get things right.
Priorities, priorities.
Missing Explosives
Let me get this straight: We invade Iraq allegedly to keep weapons out of the hands of terrorists. U.N weapons inspectors, which had been monitoring an instillation filled with explosives, warn the U.S. about the danger of said explosives. The U.S.-controlled coalition assumes responsibility for monitoring the military installation. Now it comes out that 360,00 pounds of powerful explosives disappeared from the facility months ago. This “mishap” wasn’t publicly disclosed until the Iraqi government notified international inspectors. And it’s “unclear” whether or not Bush knew about 380 tons of missing weapons?
What kind of circus do we have performing in Washington, anyway?
Honestly, how much more needs to happen for things to reach the tipping point so that even duped America will see through the smoke and realize what a sham this whole war-time leader myth is? It’s become almost mind-numbing.
Clinton Tour
Get him to Arkansas.