Approximately June 2008, Bernanke on oil prices:

"Our best judgment is that this surge in prices has been driven
predominantly by strong growth in underlying demand and tight supply
conditions in global oil markets."

Paulson, mid-May 2008:

"Again, I don't think this is about financial investors, I think this is
about long-term supply and demand."

Does anyone - I mean _ANYONE_ - now actually think that supply and
demand is responsible for oil prices?

And no, this isn't a GOP- or Dem-only thing. Given the votes on the
things that led up to this, the Dems are equally responsible, and no,
Phil Gramm didn't write the legislation that caused it all. And a big
"NO!" to the idea that Obama has a better understanding of it, or is a
better choice to fix it, than McCain. The fix is something neither will
do: let 'em crash and burn - the speculators, the "investors," the
overextended home buyers, etc., and salvage from the wreckage...those
who acted prudently will easily survive, even prosper, those that
didn't, well, tough ****...

Sheesh,
R
....readers with objective memories might recall discussions about this
earlier this year...