Daily Kos McCain Praises Bush for Wrecking the Economy

[DogPoundPup]

McCain apparently isn't as tech ignorant as we think. Like most Republicans, he appears to be getting all his news from chain emails, because he's parroting the latest talking point that's been propagating down the pipe that brought previous bits of GOP misdirection.

Earlier, campaigning in Wilkes-Barre, Pa., McCain credited the recent $10-a-barrel drop in the price of oil to President Bush's lifting of a presidential ban on offshore drilling, an action he has been advocating in his presidential campaign.

See, we didn't even have to drill to lower the price of oil, we only had to talk about it. Which has to make you wonder why Bush didn't bother to remove the executive ban until after Republicans had decided to make oil the focus of their campaign. (Oh yeah, and how is it that Democrats kept oil companies from saving us when Bush left the executive ban in effect until now?)

What's the real reason oil prices are falling?

"The worries about demand erosion in the U.S. and an economic slowdown are really pulling prices down," said Victor Shum, an energy analyst with consulting firm Purvin & Gertz Inc. in Singapore.

The Energy Department's report also showed that U.S. gasoline stockpiles jumped 2.9 million barrels last week, far more than analysts surveyed by energy research firm Platts predicted. The decline in crude inventories was less than forecast.

So congratulations to McCain, Bush, and the Republicans! They've reduced oil prices by wrecking the economy to the point where demand is falling. I guess that's one way to satisfy the supply/demand equation.

Don't worry, none of this will make the email.
http://www.dailykos.com/storyonly/2008/7/24/113159/139