*** Latest Bushonomic Report ***

Dow Plunges 166 As Oil Surges Past $60

NEW YORK - Stocks plunged Thursday, sending the Dow Jones industrials down 166 points as oil prices briefly moved past the psychologically important $60 per barrel level for the first time. Oil's advance accelerated a selloff prompted by poor earnings from FedEx Corp.-- which blamed high fuel prices for its disappointing profits.

FedEx's earnings missed Wall Street's expectations and raised new concerns about oil's impact on corporate profits. That led crude oil futures to creep higher through the day, breaking through the $60-per-barrel barrier. While purely psychological, that move was enough to send stocks tumbling.
A barrel of light crude settled at $59.42, up $1.33, on the New York Mercantile Exchange after peaking at $60.05, an intraday record.

"We always wondered what $60 a barrel oil would cost us, and now we know," said Jeff Kleintop, chief investment strategist for PNC Financial Services Group in Philadelphia. "On top of that, you've got news from FedEx, a transportation company, saying, 'Yeah, oil is hurting us.' That's got the market shaken up a bit."

The Dow fell 166.49, or 1.57 percent, to 10,421.44.
Broader stock indicators also lost substantial ground. The Nasdaq composite index dropped 21.37, or 1.02 percent, to 2,070.66. The Standard & Poor's 500 index was down 13.15, or 1.08 percent, at 1,200.73.


http://news.yahoo.com/s/ap/20050623/ap_on_bi_st_ma_re/wall_street;_ylt=AmFn7PDP_6wUG7KBus1e95534T0D;_ylu=X3oDMTBiMW04NW9mBHNlYwMlJVRPUCUl

 

Weren't you banned?

 

Once again, ignore the message, attack the messenger. :H

 

Well, I can respect that. F*ck the forum, even if the message IS shite. BTW you should stop posting the same message in several different forums.

 

Why is the high price of oil bush's fault?

 

You have got to be kidding right?

It's called a monopoly. Attacking Iraq has made billions for Halliburton oil and driven oil prices up ever since. Republicans did the same thing back in the 20's but it was for Getty oil.

http://www.bushnews.com/attack.htm

 

Can someone explain to me why the first thing Cyberfly does when he gets back is violate forum guidelines all over again? Say Hello to the new CyberFly, same as the old CyberFly.


I guess the Bushonomics report says that since our economy has bounced back, demand for oil is up and so too is the oil price. So CyberFly is saying that Bush is doing a great job.

 

Actually, our economy is still on the skids a bit, the increased demand for oil is coming from the chinese.

And how does bush have a monopoly on oil? seriously, you're just dumb sometimes cyberfly?

 

Still playing the blame game. Oil was $20 a barrel when Clinton was in President.

Oil rockets to $60 a barrel, a 200% increase, since we invaded Iraq and the dipshit republicans blame anything and anyone to justify it.

http://www.iags.org/iraqpipelinewatch.htm

 

And gas was once 20cents a gallon, times change. Yea, Iraq defnitly is part of the cause, but really, rising demand, especially from China, OPEC's strategies to keep oil high, low supplies, peak production capacity, speculation on the market, low national reserves of it.

 

But that is so dull and hardly involves Bush/haliburton, If cyberfly can't post a pic' of bush or mention his name at least once then it is not very intresting for him.

At the end of the bible it says 'Bush did it' i am sure.

 

So now that oil has tripled, is King George going to do about it?!

...besides make his Texas oil buddies even richer?

 

I like how Cyberfly never has a rebuttal to anyone's comments.

 

How do you reply to a brain washed Right Wing Nut?

Most of the rebuttals are not worthy of a reply.

 

Hey look over there! It's a big bad corporation getting a military contract! Oh no!

 

Yeahhh....and whose former CEO was Dick Cheney, the vice president that is leading us to war for those contracts.

http://www.cnn.com/2004/ALLPOLITICS/06/24/cheney.leahy/




[size=+1]Dueling Quotes[/size]

"I think it's also important for the president to lay out a timetable
as to how long they will be involved and when they will be withdrawn."
-- Killer Monkey, 6/3/99, criticizing Clinton for not setting a timetable in Kosovo, Attribution


"It doesn't make any sense to have a timetable. If you give
a timetable, youâre conceding too much to the enemy."
--Killer Monkey, 6/24/05, with another flip-flop the media won't publish, Attribution

http://www.bartcop.com/

 

I beg of you, please don't feed the Spam Troll.

However if anyone wants to talk about swimming cats...

 

Lol...I love it when the name callers beg.

Kiss my ass.

 

Dude, you are such a flaming hypocrite, you give anybody who is remotely against this war a bad name. Please stop discrediting the movement.

These are all quotes from you as proof.

Also, by your lame definition of spam, your unsolicited comments qualify as well.



Personal attacks are free speech too. Way to go douche bag.



How do you reply to a brain washed Right Wing Nut?

Most of the rebuttals are not worthy of a reply.



Once again, ignore the message, attack the messenger. :H



Wonderboy, it is scum like you that is the heart of the Republican Party.



Attack the messenger, ignore the message. You are scum



You are a jerk. Republicans minimize all of their crimes.



All Hail the joke on Coke.



Don't you love it when you tell A JOKE and some geeky dweeb points out a hair splitting inaccuracy, and then his dufis friend honks in? You shall know them by their mean spiritedness.



I'm sure she does. If it bothers her, she just pops another Xanex.


Is your bff (whatever that is) gay for oil and send people to their death for it?

Seig Hiel Jozak...you Nazi fuck. You can stick your self rightous personal attacks up your ass.


Anytime douchebag



I want to know why Republicans can say the most offensive disgusting things here and they don't get banned. I guess this is one of the few places that does not practice Nazi censorship.



:H Republicans have no sense of humor. They just have poopy pants.



Republicans Suck!



I am probably your daddy shit head.


You right wingers are full of shit, just as I thought.


Hey dipshit where is your evidence. I am not avoiding anything. It is up to you to prove your case. I have already proven mine and provided links



Well asswipe, if you knew anything about why the "biggest scams on the planet" was created by FDR,



What I have heard so far is opinionated assholes who have little knowledge of U.S History, Economics or the Federal Social Security system.


Well, instead of continuing to address every little bullshit comment, let me remind you republican ditto heads that you never responded when I asked for proof. Where is the evidence to your bullshit

 

Why, because I fight back? What have you done for the movement?

_____________

The bastard Republicans impeached Clinton when they knew he was innocent. The scared-bunny democrats don't dare impeach a guilty bastard - they're too afraid.

Will the Democrats ever grow some balls?
Or will they just get voted out, one after another?

http://www.bartcop.com/