So the Commander and Chimp has decided to lift the ban on off sure drilling....... The only problem is that every economist says that this will not help with gas prices anytime soon....
Bush agreed with one main argument for restricting drilling - that it would take years for the new supplies to come online. But still, he said that's no reason to not act.
Bush's speech comes at a time when the nation is focused on economic issues. While the economy is not technically in a recession, news on the economic front has not been good.
Home prices are down about 15% nationwide over the last year, according to a recent numbers from the Case/Shiller home price index. The economy has lost jobs for the last six months in a row. And Wall Street has moved into a bear market, with stocks trading 20% below recent highs.
"When will the economy turn around? I'm not an economist," said Bush, responding to a reporter's question. "But I do believe we're growing. I'm an optimist, and there are a lot of positive things about our economy."
Aren't we lucky that our president that has us in two wars now, with a possibility to attack Iran soon.... Highest levels of forclosure and approching $5 gas is optimistic? . . .
I wonder what Mccain's take on this oil crisis is??????
Bush agreed with one main argument for restricting drilling - that it would take years for the new supplies to come online. But still, he said that's no reason to not act.
Bush's speech comes at a time when the nation is focused on economic issues. While the economy is not technically in a recession, news on the economic front has not been good.
Home prices are down about 15% nationwide over the last year, according to a recent numbers from the Case/Shiller home price index. The economy has lost jobs for the last six months in a row. And Wall Street has moved into a bear market, with stocks trading 20% below recent highs.
"When will the economy turn around? I'm not an economist," said Bush, responding to a reporter's question. "But I do believe we're growing. I'm an optimist, and there are a lot of positive things about our economy."
Aren't we lucky that our president that has us in two wars now, with a possibility to attack Iran soon.... Highest levels of forclosure and approching $5 gas is optimistic? . . .
I wonder what Mccain's take on this oil crisis is??????
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