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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: elmatador6/12/2008 5:43:13 AM
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Voters Say ‘Drill’
Neither candidate gets it.

ELMAT: Everyone is scared S..tless of the green lobby!

By Larry Kudlow

The recent spike in oil prices and unemployment is dramatically changing this presidential campaign — virtually overnight. The near $20 jump in oil to $140 a barrel, the unexpected half-point increase in the jobless rate to 5.5 percent (the biggest monthly increase in 20 years), and the resulting 400-point plunge in stocks has created a new campaign issue right before our eyes.

Public worry number one is now oil, jobs, and the economy, with the inflationary woes of the U.S. dollar right underneath. The candidate who can connect with these issues will win in November. But so far neither Obama nor McCain are dealing with the new political reality.

In fact, it’s all about oil right now. The price has doubled over the past year while the economy has slumped.

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