Friday, August 8, 2008

Friday Fluff pt 2: Republicans Go Silly


From The Hill:

House Republicans on Tuesday said their protest of Speaker Nancy Pelosi’s (D-Calif.) decision not to allow a vote on expanded offshore oil drilling has helped lower gas prices.
[...]
The Republican members did not answer questions about whether they would take the blame if gas prices go up again.


I'm pretty sure that this is "fluffier" still than the Paris clip. Let me reiterate the argument. They believe, or they claim to believe, that by spewing hot air on the floor of the House of Representatives (to tourists, staffers, and empty seats) Republican politicians are responsible for the drop in oil prices.

I'm going to go ahead and put my money on a drop in demand. But hey, that's just economic theory, probably nothing to that.

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