So nice of you to write.

Explain how Phil Gramm is responsible for the current foreclosure situation when:

1. The Community Reinvestment Act of 1977 was signed by so-called President James Carter;
2. Was reinforced and further supported by psychopath President Clinton.

For more, see

http://www.townhall.com/columnists/ThomasSowell/2008/07/22/bankrupt_exploiters?page=2

http://www.lewrockwell.com/dilorenzo/dilorenzo125.html

Halliburton? Oh Gaia, I’ve never seen a topic more abused or repeated. (Well, no. Diversity and Bushitler get a lot of action from liberals.)

Even if I concede for a moment that Bush and Company “practically erected a sign on the treasury” for Halliburton, it seems that Halliburton did a miserable job of it. If you don’t believe me, check the article below from liberal website Slate:

http://www.slate.com/id/2099680/

In any event, mere mention of Halliburton as some kind of argument is not credible. It just reflects an anti-corporate stance which is usually without substance (i.e., find a new shtick because this one is old).

Yes, it is true that the price of gas here is cheap compared to what it is in the rest of the world. All of that is really nice to know if you’re playing Trivial Pursuit, but it says nothing about why it spiked in the USA.

The price of gasoline is very high in the USA because of long and short-term policies courtesy of the environmental movement and their supporters in the Democrat Party. For the last 30 years, oil producers have been prevented from drilling all over the USA, no new oil refineries build, no nuclear power, and — most recently — no drilling in ANWR. Meanwhile, demand for oil has skyrocketed thanks to India and China’s more capitalist economies.

Higher demand from 40% of the world’s population and stagnant supply will lead to a mass increase in prices.

In the midst of all this self-imposed stifling of oil production, the environmental movement has insisted on ethanol production (made of corn) which has caused food riots across the world (impacting the poor the most — I thought libs cared about the poor), raised the cost of food globally, and further dragged down our economy. All of this without any proof that CO2 is the cause of increased global temps and without helping the environment one iota.

And what is the Dem response to the mess they engineered? Investigate “Big Oil”!

If anyone should be investigated for economic ignorance of the first order, it should be the pompous fools who compose “Big Government,” specifically the self-righteous environmental movement, the Democrat party and their supporters.

Phil Gramm is the one man most responsible for the current foreclosure fiasco we have on our hands today. And he is, you guessed it, a Republican.

The Bush administration has practically erected a sign on the treasury saying “Welcome Halliburton! Take all you want!”

The price of gas here is still cheap compared to what it is in the rest of the world. But the recent rise is due largely to speculators. The oil market is a global market. The U.S. is a big piece of that, but far from the only piece, and far from being a big enough piece to have its way. You don’t know what the fuck you’re talking about.