National and Regional Prices of gasoline have dropped like a stone. The wholesale price of gasoline is about $1.20 per gallon. Even in the past week prices have dropped further. In New Jersey, 87 octane gasoline is selling at about $1.60 cents. It feels like a time warp. This is of course bad because it represents how weak the economy is going to be. When it was $4.00 it was bad because it represented how weak the economy was going to be. Hmm. There was a slight difference though in how this was covered. The $4.00 price was going to cause a recession. The $1.60 price means we are in a recession. Does that also mean the $1.60 per gallon can help cause a recovery? It certainly is not part of the financial Armageddon narrative.
(posted at 11:40 am by Mike Rulle)
Mark Steyn tells us “It’s Not the Cold War” but instead makes the obvious point that it is the "ideology stupid". I was unaware that there have been 200 murders in India by Islamist groups in the last 10 months. But they have not gotten the attention of the Western media. The Mumbai murders were designed to do just that. Steyn expresses irritation as well that the Western media constantly misses the forest for the trees every time we have an Islamic terrorist attack. It is always looking for "reasons" as if each attack were some local and specialized grievance. These are global ideologues not localized minority groups looking to settle some local score. Soon, unfortunately, it will become apparent these types of attacks had nothing to do with Bush. Except perhaps there would have been more of these without him.
(posted at 11:03 am by Mike Rulle)
It is absurd for the NY Times to describe the inner workings of how lobbying groups work in general as something unique with the "military industrial complex". I would like to see an article on the global warming lobbyists. I am sure the "imaging" would look quite different. What is misleading and annoying about this article is the representation that this activity is either illicit or out of the ordinary A Military-Industrial-Media Complex.
(posted at 9:15 am by Mike Rulle)
(posted at 8:55 am by Mike Rulle)
The reason it is so easy to recoil from anything Tom Friedman says is demonstrated in this article Friedman: Obama & Iraq.Friedman was an early supporter of the Iraq war, which for him probably took some personal fortitude. But as the war began getting bogged down, he almost reversed course and become a critic. His criticism was about the conduct of the war, but it bordered on renouncing his original position. Now he is back writing about the success of the war and still implicitly criticizing Bush. He also compliments Obama for, in effect, abandoning his most deeply held views on the Iraq war. No wonder the Left and the Right have grown to dislike Friedman.