[top d]

Because of massive debts and mismanagement the dollar has fallen by 50 pecent against the Euro under the failed Bush & McCain fisical monetary pollicies.

Half of the price of a gallon of gas is because of the Bush & McCain 5 trillion addition to the National debt that has devalued the dollar by 50%.

[endoscented]

Yes we know. The entire do nothhing US congress must take a share of the blame as well not just one man/woman.

[J K]

wrong again-Bush asked congress to allow oil companies to start new drilling facilities on our own territory, the democratic congress wouldn't allow it. If we could drill on our own land, or ocean space, it would solve a lot of our problems. But the dem controlled congress has stifled progress. The president doesn't have absolute power to force anything.

http://www.youtube.com/watch?v=DAc79fdBcIo&feature=related

[Waylon 3]

Who says we have a failed economy? Only the liberals and the media are spewing that election year fearmongering about a "recession". And the war is over. It went quite well actually. The occupation, not so much, but it is getting better every day.

Oil is sold on the world market. No President can control the price of oil or have any impact on it whatsoever. Remove your BDS goggles and you might see more clearly.

[Jeff Smoker]

So you are letting every other member of Congress off the hook? It's all the work of two men, huh?

Keep telling yourself that, maybe one day you will actually believe it.

[burnside 2020]

hold on... it isn't McCain's economy yet.. It will be in November.

[blah]

this isn't a question, def a rant........

but you should see that since your soooo smartttt.

its good to see you've met my pet elephant

[Greg]

I am not sure how much of it was mismanagement and how much was deliberate. I read "The Price of Loyalty", and it is clear that this Administration intended on pursuing a softer dollar policy from the outset based on what former Treasury Secretary Paul O'Neil reveals about policy discussions within the Administration during his tenure there.

I will say that there are always unintended consequences that accompany any monetary policy. For example, Secretary Rubin's strong dollar policy along with better fiscal management by the Clinton-era Congress might have been good for consumers in terms of pricing, but the unintended consequences of that policy were that it added to the market exhuberance and demand for US securities that became the dot com bubble, and they also led to huge trade imbalances with countries that had weaker currencies.

Similiarly, the Bush-era "weak Dollar policy" and poor fiscal management had the effect of encouraging investors to hedge their dollar-based holdings by investing in commodity index funds, and once the asset backed paper bubble burst in 2007 (another unintended consequence of eariler policies that date back to the Reagan Administration's reforms regarding ties between investment banks and traditional banks along with eased reporting requirements for investment banks), then you had the perfect strom needed to ignite commodity price spikes like we have seen over the last year.

[americanfreeman]

lol I would think you might bring up OPEC

Another hating taliberal.

[question212]

I thought the new Democratic congress planned to lower the gas! Seems like it has went higher since they took office!