Gas Pump Blues As You Pay Your Dues
There is no black magic in figuring out why gas is so expensive at the pump. Politicians hiding the truth from the voters with distractions such as speculators, oil company windfalls, etc, blaming them as the cause for the rise in oil prices are a pile of horse pucks meant to confuse rather than explain. The cost of a barrel of oil is not based on a dollar value it is based on gold. The oil producing nations are no longer happy eating the inflation of an out of control US government.
Treasury Secretary Henry Paulson this Sunday defended the Federal Reserves decision to bail out the Bear Stearns investment bank increasing the debt American taxpayers will hold for the profits expected by bankers before the crash. Paulson assured “The government is prepared to do what it takes” and will print money at taxpayer expense to assure the profits of these huge banks.