That would mean we could lower gas prices in the U.S. by reducing demand: investing in public transit, designing walkable and bikeable mixed-use communities, mandating higher fuel-efficiency standards, etc.

In other words, all the things that the Republicans have been promoting during their long reign of power.

Oh.  Wait a minute.  You mean they haven't been promoting those things?  But -- but -- Bernanke says -- hmmm.  

Does that mean Bernanke is actually laying the blame at the feet of the Repubicans and their Democratic enablers?

Can't be.  I guess what he's really saying, as McCain did, that this is all Obama's fault.  Clearly.

Man, I am so confused.

Much of the subdued supply response reflects inadequate investment and production shortfalls in politically volatile regions where large portions of the world's oil reserves are located. Additionally, many governments have been tightening their control over oil resources, impeding foreign investment and hindering efforts to boost capacity and production.

You see how even when an establishment figure acknowledges that it is fundamentals driving price, he still fraudulently emphasizes above-ground factors - "inadequate investment", and those nasty public governments ("Why can't we just get rid of them?", he sighs wistfully to himself) "impeding" and "hindering" the multinational oil corporations.

This is still pushing the neocon master plan - that the US needs to pry open nationalized oil resources for private development, which will magically send production up and away, which would send prices plummeting, which would then force the Saudis to start pumping 15, 20, 25 mpd just to maintain their revenues, and the global economy would then be awash in oil in perpetuity, and "growth" would go on forever.

This is the mythology which brought us the Iraq war.

Duuhbya's own "heckuva-job-brownie" for the economy.  Heckuva job bushie.  EE ee ooh ooh ahh ahh!  (translation in simple chimpleton in chief language)

They don't need no steenkeen market re-regulation, just untouchable "retirement" accounts in Dubai.

A note to bush voters, next time vote for a human.  But remember this non-GOPers, the fed chairman, like the supremes, serves long after the simian moves back to crawdad.  We are still screwed on those fronts for years to come.

Lists of bush voters ought to be prepared ahead of time so everyone who loses their jobs and  homes in recession, and loved ones in oil wars can properly thank as many bush voters as possible in their local area.  Credit for this disaster needs to be properly distributed.

http://amazngdrx.blogharbor.com/blog John Schneider, Northern Wisconsin

A discussion on Olbermann tonight about the Obama camp vowing not to prosecute bush administration crimes, brought on the comment that there would be no way left to hold them accountable.

Only  annoying pranks like sending multiple pizza deliveries to their homes could provide any satisfaction.

With this in mind re-examine a poem featured on the "Poetry Corner" segment of the "Bullwinkle Show", featuring Boris Badenov as the "little man".

(Paraphrase of a sacrine traditional poem)

#1 How to be happy
Are you almost disgusted with life, little man?
I'll tell you a wonderful trick
that will bring you contentment, if anything can
Do something to somebody, quick!

Are you awfully tired with play, little girl?
Wearied, discouraged, and sick-
I'll tell you the loveliest game in the world,
Do something to somebody quick!

Though it rains like the rain of the flood, little man
and the clouds are forbidding and thick,
You can make the sun shine in your soul, little man
Do something to somebody, quick!

Though the stars are like brass overhead, little girl,
and the walks like a well-heated brick
and our earthly affairs in a terrible whirl,
Do something to somebody, quick!

http://amazngdrx.blogharbor.com/blog John Schneider, Northern Wisconsin