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Welcome back to about -- boys time for the ups and downs down Harry Reid.
This holiday weekend people continue to feel the pain of them at the -- As crude oil prices hit new record highs Americans are all but begging congress to do something about it and this comment by senate majority leader.
Read makes us wonder if Democrats are a bit out of touch watch.
We -- Iraq cost competitiveness.
Of the one thing we failed to talk about is those.
Costs that you don't see on the bottom line then yes.
Cole makes a sick.
Oil makes us sick its global warming destroying our country and -- our world.
For the -- I think majority leader Reid has been hanging around with too many of these.
Environmental extremists and global warming exaggerated and there are a lot of overnight and they again they can have more influence on Democrats.
Well the truth is -- as you know.
Before we ever get to any alternative fuels is going to be a period of 2030 years at best for call -- coal and oil cargo fuel our economy.
Hello I can make assault sex but we just have to have a month -- Yet Democrats don't -- drilling offshore and and wallow in federal lands in the oil shale areas of Colorado army -- -- but the fact is what does that -- we need that.
Andy and I guess Harry Reid doesn't know this but.
But in more and more these days as the other supposed science or parts of the supposed science behind global warming -- crumbling.
For instance now you know NASA.
You know you -- Now since 1998 wasn't the -- -- on record.
1934 watts is a -- -- -- who says now that you know what the temperature of the world is now was the same as it was in 1940.
Which is the rather striking -- you know this thing about almost all of the ten hottest years of the century last century.
We're in the later in the century turns out a majority of them were not available for long ago so I think some of the science is did did what was supposed to be science.
Come before is did he has not seen that way anymore at least by me and many many others well.
You you in many many others that will get -- of that second.
Look Harry Harry Reid never fails to overstate I -- would know what you know yes what time of the if you updated as and you'll get you'll get an answer that's that's over the top but.
Look I would not say that things that -- if that the global warming consensus is crumbling to.
-- the the the fundamental fact is they've done boring as he had in in in polarized right where you can go down if you can get you can get 101000 years worth for a 100000 years worth of core samples.
And the the amount of CO2 in the atmosphere now.
Is it miserably.
Larger than it than it is before now the question is does that mean does that mean does that look at that depth of that -- that the world is gonna warm now what I would like to see -- frankly I would like to see that I don't know whether C -- -- -- who is gonna do it.
-- as -- series of Lincoln Douglas like debates.
Between them the best but proponents of the of that global warming is gonna kill us all idea.
Vs one of your naysayers and -- as skeptics skeptics at sea for want some broadly -- the consensus now -- at least the political consensus.
George Bush accepts that global warming is bad for for mankind.
And that man is partly responsible for or fully both Democrats and -- who Obama does John McCain does if that's wrong yet if that consensus is wrong.
We can we got.
Coal that we can burn like crazy for the rest him for the rest of the century one I just wish you would not use one word there it's what you said was right about bush.
And McCain and Obama and Joseph Lieberman lots of others there's not a consensus there's so many people on the other side there's so many scientists who dispute -- -- They're there there's an argument and I'm all for the years she's been -- what you could moderate but that's just not a consensus -- -- down the stock market.
It was short and volatile closed a week of trading and the Wall Street outlook is anything but rosy as we officially hit for the first of bear market.
In almost six years -- -- secretary Henry Paulson about Colin Hanks.
Which most people do anyway Paulson says it could get worse listen.
High oil prices -- in all likelihood prolong our economic slowdown.
And housing continues to pose a significant downside risks.
I don't know about you what I'm getting really worried about this economy -- -- you and I have a bet remember for ten bucks and I would do if we have a recession which we hit was so far we haven't and you know there haven't been supporters -- -- one quarter yet officially in a recession.
But I think I don't know how we avoid it looked.
You've got a high energy prices high commodity prices of all kinds and including food.
You have consumer confidence in the tank largely because people lost their home equity value and -- they can't use their home was an ATM machine -- the lot spend a lot anymore.
You've got to credit crunch in -- in the financial markets the dollar is it is in the tank.
All of this suggest.
That were entering a period of stagflation that's high inflation and and and low growth.
So you know I -- -- I just don't see how we can avoid a recession I gotta say the political fallout of all this is that it's a terrible year deal.
Public and you have to have -- You know all the things you listed is -- -- you got -- -- that's a good.
-- -- -- economy's not good shape just gonna hurt Republicans probably -- -- -- got this huge headwind facing them as they go I mean and there are other parts of it as well.
But the truth is the American economy is incredibly resilient.
The stock -- worrisome because you know when you did do when you get into a bear market that's you know the markets fell 20% or more.
And the market is a bet on the future.
That's scary so I don't think that -- recession -- You really I don't okay -- that's -- -- okay top.
Iraq the war ravaged country has made significant political gains in the last year.
Now successfully meeting or making progress on.
Fifteen of the eighteen benchmarks that congress -- laid out for it it hasn't quelled the debate on Capitol Hill but if the point is.
For the government in Iraq to make progress they're succeeding -- Why can't Democrats myself.
Why can't they just say -- and the god I.
It would seem to me that they would rather be out of sync with reality in Iraq -- wanted to just say -- You know violence is way down the surge seems to -- -- there are other things besides just the counterinsurgency strategy and more troops would say it's worked.
And it's also led to a great deal of political reconciliation more is needed.
-- which they've been calling for -- a lot has happened why can't they just tell the truth well you know.
I think Barack Obama is edging toward that now I hope so well I hope and he's gonna go there you know soon.
-- you know and I don't see if if he is a true.
Truth teller then he is gonna have to say come back and say I was wrong about the surge the surge actually work -- surge created the political room with.
For -- for the government of Iraq to make these changes by golly they're making the changes we have a chance to succeed here that I didn't think we had.
And you know that that would convince me that that means that the that there's some centrism that's really -- -- more.
Don't hold your breath and not gonna say that well I'd like to simulate.
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