It’s not just oil futures speculation, though; all commodities are rising in prices because of speculation, further reducing buying power of the dollar.

Why speculate in commodities?

Because there’s no place else to put the money.

– Never said it was just oil futures; it just happened to be the point of my comment.

– I’ve got no issue with speculation in commodities in and of itself. My problem is allowing 30 to 1 leverage to speculate in oil futures, which is driving oil prices needlessly higher. Cut back on the leverage and you automatically cut back on the amount of oil futures contracts bought, and therefore the upward price pressure.

And so on; if there’s urgent legislation that needs to happen it’s not oil speculation.

No disagreement on the need for urgent legislation re: the foreclosure crisis, but we shouldn’t downplay the need for corrective measures regarding oil prices either.

We need both.

[T]he Democrats would be smart to refuse [to argue whether the Surge is working - it’s code for do you want America to be a winner or loser?] and insist that this is not an old-fashioned World War II- style conflict, where force can produce a clear-cut winner. Then they could refocus the debate on two crucial truths: We have no right to be in Iraq; the sooner we get out, the sooner we can begin to heal the terrible damage the war has done to us here at home.

http://tomdispatch.com/post/17…..d_the_trap

Why speculate in commodities?

Because there’s no place else to put the money.

– At least one major investor projects a possible 5 million foreclosures inside the next two years if there is no legislative action taken to change the subprime mortgage crisis;

– Major corporations will take a hit to profitability when their own financial investments take a nose dive in value without legislative action;

– More jobs will be lost as corporations try to salvage earnings on the backs of employees, cutting further in to consumer spending as unemployed ranks swell.

And so on; if there’s urgent legislation that needs to happen it’s not oil speculation.

A non-fiction book about the actual murder case, by author Cilla McCain, titled Murder in Baker Company: The Forgotten Soldier is slated for publication. A documentary based on McCain’s research is also scheduled to begin production in January 2008 and will be funded in part by director Paul Haggis.

– wiki

CBS News

We owe our troops and vets honor and judgment, not craven corruption, incompetence, and reckless gut instincts. Worst. Presidency. Ever.

More on the Feith interview:

It was reported that Feith supposedly slipped memos of his own making to Bush with false information to encourage war.

60 Minutes reported this was not illegal.

How is this not a criminal act?

there must be a bush executive order that says;

“lie to me so I can compete the sick and maniacal plans of the PNAC”

that would make it not only legal, but mandatory