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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (172539)	7/24/2003 11:19:20 PM
From: tejek	Respond to of 1575517

I imagine Chaney and Bush were trying to figure a way to secure Iraqi fields for future oil needs. Because as compassionate conservatives, they wanted to be sure that the Iraqis had a legacy to pass onto their children. I think it could be the basis for a screenplay! The talk show conservatives still want to use lofty goals to justify the Iraq war; freeing the Iraqi people from a tyrant (something we don't seen to care about in the rest of the world), or defending the US from massive quantities of WMD's (complete BS). Its the media's fault; pushing that whole compassionate conservative syndrome during the last presidential election. Suddenly, they have social religion sort of....I mean, if your poor and downtrodden, they will cry you a river but get over it if you think you will get any free handouts. <g> The truth is that we want to get those Iraqi fields producing before we have a serious shortage, a few years down the road. Not noble, but pragmatic. What are the options, $70 a barrel oil, much of American wealth going to OPEC countries? True. Of course, we could start to wean ourselves off oil. Nah......its more fun 'liberating' oil producing nations. ted Politically, that's pretty hard to explain to the parents of the casualties. You don't get reelected trading lives for oil reserves.

To: Road Walker who wrote (172539)	7/25/2003 11:07:25 AM
From: tejek	Read Replies (2) \| Respond to of 1575517

John, To change the subject slightly, what's your take on the economy. I was surprised yesterday that the bonds didn't react negatively to the good unemployment news........unemployment claims dropped below 400k, first time in months. In fact, they rallied, suggesting that bond traders don't see the economy improving any time soon. On the other hand, until recently, the stock market had been acting like a recovery is eminent and now seems uncertain. Personally, I don't see how things can get better significantly with oil trading at $30 and geopolitical factors still destabilized. Any thoughts? ted