BUSH MAY LOSE IF OIL STAYS HIGH

from JoeUser Forums
Nothing seems to be going right for President Bush. It seems that when any economic numbers come out, they are disappointing. The democratizing of Iraq doesn't seem to be going well. Oil continues to go to record highs daily. The stock market now is even plunging. And all this with only one week to go before the election. President Bush seems to be having incredibly bad luck.

Recently, I was checking margins on the various commodity markets. I noticed that the margin one must put up for a contract of light sweet crude was $3300. I was somewhat surprised because when oil was only $40 a barrow the margin money was also $3300. Usually when the price of a commodity rises that much, the margin money one must put up doubles. The higher the margin money goes, the less speculators can buy of the commodity. The question is--why haven't the SEC raised the margin money for light sweet crude? If the margin money were to be put at $7000 per contract, the price of a barrow of oil would surely plunge to $45 or lower.

History shows that if you have a plunging stock market just before a presidential election, the incumbent loses. The constantly rising price of oil is the main reason why stocks have been plunging. President Bush should be doing something behind the scenes to get margins raised on oil contracts. This would force the predatory speculators to sell their oil contracts. He has only a couple of days to do this. Otherwise, he could lose this election.
512 views 2 replies
Reply #1 from JoeUser Forums Top
That Bush may lose is becoming conventional wisdom, but not because of oil prices. Unemployment is at an all time high, job creation is at an all time low and yet Bush and his Bushmen do not seem to understand that the war ibn Iraq is slowly becoming American versus the rest of the world. This is a dngerous drift and only Kerry can stop this. One can say that Kerry who voted for the war is as much part of the problem as is Bush. But htere is a critical difference: When Kerry says he will fight a smater war he really means he will go in for a military disengagement from Iraq.
Reply #2 from JoeUser Forums Top
If there is one overarching argument for voting Bush out of office it is this: Bush has damaged America's credibility so much, that only a swift change in leadership can BEGIN to restore it. I am not saying that Kerry can immediately fix or repair America's credibility but getting rid of the man in power who is primarily responsible for its deterioration is a good place to start.

A number of arguments can be made as to whether Bush is responsible for creating or failing to mitigate our current economic woes, but it is clear that he is responsible for America's deteriorating global standing. If we are going to win the war on terror, we need to turn this situation around sooner rather than 4 years from now.
TouchTasks - Access tasks with ease on Windows touchscreens.