Yesterday, John McCain said that the recent $10 per barrel drop in oil prices is due to President Bush's opening up the coasts to offshore drilling. But the White House is retreating from that hat tip, saying it doesn't "fully deserve the credit."
What a weird dance. I thought it was McCain who was supposed to be wary of associating himself with Bush, not the other way around. Is the Republican Executive hanging the GOP candidate out to dry? If so, why? If not, why bother distancing himself from McCain's comment? The President doesn't have anything to lose by claiming all the credit he wants to for the latest price decrease. It's not like he's saying "mission accomplished."
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2 comments:
I had a long and hilarious discussion with the College Republicans regarding oil prices.
This retroactive declaration of causation and credit to stochastic events is perhaps the perfect intersection between market reporting and politics.
The persistence of some people to continually deny facts is incredible, even when the facts come from research and reports generated by their own side!
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