Accordingly to George Soros
, it's oil. But you knew that already, didn't you? And, of course, a lot of the players are the very same people who have been bailed out by the Federal Reserve as a consequence of the credit crunch ignited by the subprime mortgage crisis. One wonders when, if at all, this issue will emerge in the presidential campaign, the fact that the US financial sector is now driving up the price of oil, and its essential products, like gasoline, while being generously subsidized by the Federal Reserve?
Can't you just see the ad already? Enjoy paying over $4 a gallon for gas? Espress your gratitude to Ben Barnacke and Wall Street . . . Time for a change, Obama 2008. Oops, I forgot, Wall Street bought the Republicans and the Democrats a long time ago.
Labels: American Empire, Credit Crunch, Elections, Neoliberalism