FacebookTwitterGoogle+RedditEmail

It’s the Manipulated Economy, Stupid

The first Fall rains arrive. Leaves begin to turn color. Species begin migrations. The airwaves buzz with vacuous political ads. Various pro-Democrat/Neo-liberal progressive groups are once again giddy anticipating the end of Neo-con iron fist control of the nation. Election season is upon us.

Ben Tripp threw cold water all over the hopes of the naïve pwogs the other day. Tripp predicted a Republican sweep, or, at least, the Republicans maintaining their grip on DC. Aside from the time-dishonored tactic of Election Fraud, the failure of the Peace Movement and others to hold anyone accountable –R or D –for votes supporting the Iraq war/occupation, incessant Terror Alerts, etc.; the bottom line ace in the hole for BushCo is manipulating the economy.

Could it be any more obvious? It doesn’t take a genius–Rovian or otherwise–to notice how things are aligning. Gas prices are headed to their lowest level in two years. On Thursday, September 21st, USA Today ran an article showing that “When it comes to President Bush’s approval rating –the number that measures his political health –one factor seems more powerful than any Oval Office address or legislative initiative.”

And what is that measure? The article cites a statistical analysis by the Left Business Observer’s Doug Henwood, which found “an ‘uncanny’ 78% of the movement in Bush’s ratings could be correlated with changes in gas prices.”

Using his research and recent gas price drops as a guide, Henwood accurately predicted last Thursday that it “wouldn’t be surprising to see his approval numbers rise into the mid-40s.” Polls over the weekend showed Bush’s approval climbing all the way to 44%, his highest in a year.

Continuing its usual election year pattern when Republicans control the White House, the Federal Reserve Board hasn’t raised interest rates since the end of June, when the Fed set the rate at 5.25%. (The rate was raised to 6.5% for 2000’s stolen election. Quickly, it was dropped to a mere 1.75% for 2002 and 2004.) Now, after raising the rate steadily since then, the increase was capped in June. The Stock Market has responded and we’ll be seeing all sorts of blather about the Dow “reaching its all-time high”–11,722.98–by November 7th. (The Dow is at 11,611.67 as I write this.)

Just what have the American public been told equals a “robust, thriving economy?” Most folks, and especially the press, are conditioned to look to two indicators–gas prices and the Dow Jones Average. Who isn’t happy when gas prices drop? Other than the EXXON/MOBILEs of the world, that is. Big Oil is smarting at having to give Cheney a mere two-month price reprieve–the oily EXXON cartel alone has been pocketing $1 billion per week in profits so far this year.

So, as you enjoy the spectacle of yet another Diebold election, do as my buddy Steve Spahr and wait to fill your heating oil tank until early November; fill up the old Chevy and take a scenic drive through the corporate industrial E. coli farms, feedlots, clearcuts and mined-off mountaintops of rural America; cuz, by Rove, we won’t be seeing gas prices and interest rates this low or stocks this high for, uh, let me guess, two years.

MICHAEL DONNELLY drives a beat-up 1996 Ford Ranger pick-up with a rack for hauling recycled lumber. It’ll be in steady use until the post-election, post-Iran assault gas price escalation. He can be reached at pahtoo@aol.com

 

 

More articles by:

MICHAEL DONNELLY has been an environmental activist since before that first Earth Day. He was in the thick of the Pacific Northwest Ancient Forest Campaign; garnering some collective victories and lamenting numerous defeats. He can be reached at pahtoo@aol.com

July 16, 2018
Sheldon Richman
Trump Turns to Gaza as Middle East Deal of the Century Collapses
Charles Pierson
Kirstjen Nielsen Just Wants to Protect You
Brett Wilkins
The Lydda Death March and the Israeli State of Denial
Patrick Cockburn
Trump Knows That the US Can Exercise More Power in a UK Weakened by Brexit
Robert Fisk
The Fisherman of Sarajevo Told Tales Past Wars and Wars to Come
Gary Leupp
When Did Russia Become an Adversary?
Uri Avnery
“Not Enough!”
Dave Lindorff
Undermining Trump-Putin Summit Means Promoting War
Manuel E. Yepe
World Trade War Has Begun
Binoy Kampmark
Trump Stomps Britain
Wim Laven
The Best Deals are the Deals that Develop Peace
Kary Love
Can We Learn from Heinrich Himmler’s Daughter? Should We?
Jeffrey St. Clair
Franklin Lamb, Requiescat in Pace
Weekend Edition
July 13, 2018
Friday - Sunday
Brian Cloughley
Lessons That Should Have Been Learned From NATO’s Destruction of Libya
Paul Street
Time to Stop Playing “Simon Says” with James Madison and Alexander Hamilton
Jeffrey St. Clair
Roaming Charges: In the Land of Formula and Honey
Aidan O'Brien
Ireland’s Intellectuals Bow to the Queen of Chaos 
Michael Collins
The Affirmative Action Silo
Andrew Levine
Tipping Points
Geoff Dutton
Fair and Balanced Opinion at the New York Times
Ajamu Baraka
Cultural and Ideological Struggle in the US: a Final Comment on Ocasio-Cortez
David Rosen
The New McCarthyism: Is the Electric Chair Next for the Left?
Ken Levy
The McConnell Rule: Nasty, Brutish, and Unconstitutional
George Wuerthner
The Awful Truth About the Hammonds
Robert Fisk
Will Those Killed by NATO 19 Years Ago in Serbia Ever Get Justice?
Robert Hunziker
Three Climatic Monsters with Asteroid Impact
Ramzy Baroud
Europe’s Iron Curtain: The Refugee Crisis is about to Worsen
Nick Pemberton
A Letter For Scarlett JoManDaughter
Marilyn Garson
Netanyahu’s War on Transcendence 
Patrick Cockburn
Is ISIS About to Lose Its Last Stronghold in Syria?
Joseph Grosso
The Invisible Class: Workers in America
Kim Ives
Haiti’s Popular Uprising Calls for President Jovenel Moïse’s Removal
John Carroll Md
Dispatch From Haiti: Trump and Breastfeeding
Alycee Lane
On Heat Waves and Climate Resistance
Ed Meek
Dershowitz the Sophist
Howard Lisnoff
Liberal Massachusetts and Recreational Marijuana
Ike Nahem
Trump, Trade Wars, and the Class Struggle
Olivia Alperstein
Kavanaugh and the Supremes: It’s About Much More Than Abortion
Manuel E. Yepe
Korea After the Handshake
Robert Kosuth
Militarized Nationalism: Pernicious and Pervasive
Binoy Kampmark
Soft Brexits and Hard Realities: The Tory Revolt
Helena Norberg-Hodge
Localization: a Strategic Alternative to Globalized Authoritarianism
Kevin Zeese - Nils McCune
Correcting The Record: What Is Really Happening In Nicaragua?
Chris Wright
The American Oligarchy: A Review
Kweli Nzito
Imperial Gangster Nations: Peddling “Democracy” and Other Goodies to the Untutored
FacebookTwitterGoogle+RedditEmail