Monday, May 23, 2005

It's Bush's fault

Have you noticed that when the gas prices go up, some folks immediately start blaming the president? However, when gas prices go down, you don't here a word?

I'm no economist, but I suspect the prices have a lot more to do with supply and demand, rather than anything else. If somebody with a lot of money to spend tries to buy up a lot of oil, (as I understand China has been doing recently), or the amount of oil available for purchase decreases, prices will go up.

If more oil becomes available, or if the demand decreases, prices go down. That's how it works.

It even works that way on Ebay.


At Friday, February 03, 2006 12:42:00 PM, Anonymous Anonymous said...

"It's Bush's Fault" reminds me of a joke which I'll share:

The Pope was visiting President Bush in Washington, DC. They were sailing the Patomac River on the presidential yacht when a sudden gust of wind blew the Pope’s miter into the water.

President Bush quickly sprang into action, stepped out onto the river, retrieved the Pope’s headgear, and walked back onto the boat.

The Pope was astonished at what had happened, and thanked the President.

The following day a headline in the NY Times read:

Bush Can’t Swim!


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