A blog dedicated to tracking the continuing decline of housing markets throughout the USA. It is a long slow decline. But, decline it will. The speculative episode was simply unsustainable. With special attention to the Washington, DC area. Please join in the discussion.

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Flashback 2000: That Bubblin' Crude

Posted on June 27, 2008

From The New York Times exactly eight years ago today:Gov. George W. Bush of Texas said today that if he was president, he would bring down gasoline prices through sheer force of personality, by creating enough political good will with oil-producing nations that they would increase their supply of crude. I would work with our friends in OPEC to convince them to open up the spigot, to increase the supply, Mr. Bush, the presumptive Republican candidate for president, told reporters here today. Use the capital that my administration will earn, with the Kuwaitis or the Saudis, and convince them ...

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