Comments: New Tomdispatch

It's called economic shock testing.

The high price served two purposes; to test the limits of the world economy, and to push the American people into electing Obama.

Yes, I'm saying that people from the current President's side of things wanted Obama elected. Makes perfect sense if you look at the cycle of things. 4 or 8 years of Republican pillaging, and 4 or 8 years of Democratic fixing the mess they left and expanding state powers. All so they can do it again.

And the overarching theme is to try and force you and I into somehow identifying with the 'global economy', as if it makes our lives so much better. Tell me, other than because of Nazi-like nationalism, why should I care about a huge corporation like GM failing? And please don't even try to make the central planner's argument about the lost jobs with me. As much as some people would like it, that amounts to nothing more than 'free money' for parasites of society. Parasites, because if the market can't bear it, then taxpayers are left with the bill. Sound familiar?

Anyway, the price of oil is nice and low now, so I guess we can go back to watching TV and feeling self satisfied about electing such an historic guy for President.

Posted by tim at January 8, 2009 02:50 PM

Price shocking sounds great BUT I'M POSITIVE oil companies would have kept raising the price as long as they could. USE LESS IS what happened. (across the board)

Posted by Mike Meyer at January 8, 2009 03:01 PM

Use less is what happened, and was easily predicted long before the prices were raised. And if it wasn't for 'use less', yes the prices would have raised further. That's all basic economics.

You need to look deeper, at the political situation in the world to see what allowed them to raise prices in the first place. Well shoot, makes me wonder what Cheney and the boys talked about in those secret energy meetings all those years ago.

I'll bet you one thing, whatever the plan was, it was executed perfectly.

Posted by tim at January 8, 2009 03:10 PM

It's called economic shock testing.

as much as i would like to believe that, i think it was just fallout from people who suddenly realized what an absolute shithole they had dug themselves into with their CDOs/etc and were trying really hard to get out of it and put it where it would be relatively safe(oil and commodities were seen as golden geese)

Posted by almostinfamous at January 8, 2009 11:30 PM