Profit Taking

Analysts attribute the quick drop in oil prices to "profit taking."

A two-day, six-dollar drop is not a volatility characteristic of user-hedge contract activity. It is a purely speculative demand that is entirely detrimental to our economy. This breadth of volatility indicates at least 70% of the contracts in futures being a speculative demand, yet the CFTC claims it has no way to know the source of the contracts. Neutrality of the CFTC, it's credibility, is seriously called into question. It needs a new executive administration.

A McCain administration will not be an improvement, but an exacerbation of the problem.

If McCain wants to garner the popular vote, he may want to dump Phil Gramm's passe' Reaganomics and engage a pragmatic approach like Obama. An ideological politics yields ideological results. A $300 billion tax cut mainly for the rich is the ideological problem, not the pragmatic solution.

Technical analysts agree that a drop in oil prices strengthens the dollar by reducing the microeconomic (deflation of demand) destruction of our economy. Yet, the same analysts attribute the falling price of oil to a stronger dollar.

The dollar's strength is an effect, not a cause.

This fundamental misattribution is a rhetorical fallacy--it is a trick!

In the arena of politics and economics, what kind of people perform "tricks?"

Right! Frauds!

Get the frauds out of the marketplace!

Vote for Obama and get the real thing!

Very best wishes.