George W. Hoover

A great find from The Common Sense Desk.

Jack Kunstler takes a look at the relationship of the Iraq war, and the Bush administration's total bungling of it, and accessibility to middle east oil.

Iraq is not Vietnam, all right, because there is no way the US can pull out now without severe consequences, namely the loss of our access to all the oil in the Middle East -- where two-thirds of the world's remaining oil is.

He goes on to discuss how the world no longer has a "swing producer" to moderate the price and how this relates to the situation in the middle east. Go read the entire piece for details. He closes with this little tidbit of wisdom:

We enter this week with oil nearing $60 a barrel. Global finance, hedging, interest rates, and the continued zest of America's last remaining industry, real estate, will all hinge on the price of oil and on America's prospects for getting it at any price. President Bush last week shifted the responsibility for an energy policy to congress, because the ideas coming out of the White House have been so transparently lame (the hydrogen economy).

My guess is that we are about to see the first act of the Hooverization of George W. Bush.

George W. Bush's legacy; Hoover II.