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

Weekend Edition
September 21, 2018
Friday - Sunday
Paul Street
Laquan McDonald is Being Tried for His Own Racist Murder
Alexandra Isfahani-Hammond
Hurricane Florence and 9.7 Million Pigs
Nick Pemberton
With or Without Kavanaugh, The United States Is Anti-Choice
Andrew Levine
Israel’s Anti-Semitism Smear Campaign
Jim Kavanagh
“Taxpayer Money” Threatens Medicare-for-All (And Every Other Social Program)
Jonathan Cook
Palestine: The Testbed for Trump’s Plan to Tear up the Rules-Based International Order
Jeffrey St. Clair
Roaming Charges: the Chickenhawks Have Finally Come Back Home to Roost!
David Rosen
As the Capitalist World Turns: From Empire to Imperialism to Globalization?
Jonah Raskin
Green Capitalism Rears Its Head at Global Climate Action Summit
James Munson
On Climate, the Centrists are the Deplorables
Robert Hunziker
Is Paris 2015 Already Underwater?
Arshad Khan
Will Their Ever be Justice for Rohingya Muslims?
Jill Richardson
Why Women Don’t Report Sexual Assault
Dave Clennon
A Victory for Historical Accuracy and the Peace Movement: Not One Emmy for Ken Burns and “The Vietnam War”
W. T. Whitney
US Harasses Cuba Amid Mysterious Circumstances
Nathan Kalman-Lamb
Things That Make Sports Fans Uncomfortable
George Capaccio
Iran: “Snapping Back” Sanctions and the Threat of War
Kenneth Surin
Brexit is Coming, But Which Will It Be?
Louis Proyect
Moore’s “Fahrenheit 11/9”: Entertaining Film, Crappy Politics
Ramzy Baroud
Why Israel Demolishes: Khan Al-Ahmar as Representation of Greater Genocide
Ben Dangl
The Zapatistas’ Dignified Rage: Revolutionary Theories and Anticapitalist Dreams of Subcommandante Marcos
Ron Jacobs
Faith, Madness, or Death
Bill Glahn
Crime Comes Knocking
Terry Heaton
Pat Robertson’s Hurricane “Miracle”
Dave Lindorff
In Montgomery County PA, It’s Often a Jury of White People
Louis Yako
From Citizens to Customers: the Corporate Customer Service Culture in America 
Ernie Niemi
Logging and Climate Change: Oregon is Appalachia and Timber is Our Coal
Jessicah Pierre
Nike Says “Believe in Something,” But Can It Sacrifice Something, Too?
Paul Fitzgerald - Elizabeth Gould
Weaponized Dreams? The Curious Case of Robert Moss
Olivia Alperstein
An Environmental 9/11: the EPA’s Gutting of Methane Regulations
Ted Rall
Why Christine Ford vs. Brett Kavanaugh is a Train Wreck You Can’t Look Away From
Lauren Regan
The Day the Valves Turned: Defending the Pipeline Protesters
Ralph Nader
Questions, Questions Where are the Answers?
Binoy Kampmark
Deplatforming Germaine Greer
Raouf Halaby
It Should Not Be A He Said She Said Verdict
Justin Anderson
Don’t Count the Left Out Just Yet
Robert Koehler
The Accusation That Wouldn’t Go Away
Jim Hightower
Amazon is Making Workers Tweet About How Great It is to Work There
Robby Sherwin
Rabbi, Rabbi, Where For Art Thou Rabbi?
Vern Loomis
Has Something Evil This Way Come?
Steve Baggarly
Disarm Trident Walk Ends in Georgia
Graham Peebles
Priorities of the Time: Peace
Michael Doliner
The Department of Demonization
September 20, 2018
Michael Hudson
Wasting the Lehman Crisis: What Was Not Saved Was the Economy
John Pilger
Hold the Front Page, the Reporters are Missing
FacebookTwitterGoogle+RedditEmail