Even if Bush left office today it would have no effect on oil prices. Oil Companies would just pay millions more to lobby the next president to maintain their control on our economy, eradication of the electric car, and forcing manufacturers to make ugly hybrids.
The devaluation of the dollar has nothing to do with Bush either. As CONCHO said, you can thank the FED for whoring the dollar. If you look at WWII the War actually pulled the US out of the Great Depression. So really, we’ve had a stock market boom, 2nd war in iraq, a real estate boom, all to delay the next recession.
I like the part in the article that says housing permits fell to the lowest since WWII. Can we top that this time around? The runup certainly did.
