Insomnia (insomnia) wrote,

Yeah. Tell us something we *don't* know....

Venezuela's president Hugo "cajones grandes" Chavez called George Bush an asshole yesterday, attacking him voiciferously for supporting a coup against his popularly-elected government.

This ordinarily would be a nice joke, but it has a real effect on the world's economy and on your finances, because Venezuela is a major exporter of oil. They've told the Bush administration in no uncertain terms that any further interference with their country or economy will result in an oil boycott of the U.S. As a result, oil prices escalated sharply, to near $37 a barrel, making an already bad oil situation that much worse.

These high oil prices effect the cost of most every product and business you can imagine, because most products and businesses require energy, oil-based products, the shipping of goods, etc. Compare oil prices today to those seen during the Clinton era, and you'll notice that Clinton's less aggressive approach to foriegn policy paid off nicely -- a robust, growing economy, a "peace dividend", and oil prices that averaged about half of those today -- the lowest oil prices (adjusted for inflation) in American history.

So, just to clarify, when you go to the pumps, pay more for produce or petrochemical products, see more jobs go overseas, or see people get laid off... you'll know which president to blame, and the correct swear word to use when referring to him.

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