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McCain Credits Bush With $10 Per Barrel Oil Price Drop

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TOM RAUM | July 23, 2008 09:09 PM EST | AP

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Republican presidential candidate Sen. John McCain, R-Ariz., waves to the audience during a campaign stop at the F.M. Kirby Center in Wilkes-Barre, Pa., Wednesday, July 23, 2008. (AP Photo/Carolyn Kaster)

BETHLEHEM, Pa. — Republican John McCain pushed back on Wednesday against Democratic criticism that he misstated when the troop buildup ordered by President Bush began, saying elements were put in place before Bush announced the strategy in early 2007.

He told reporters during an unscheduled stop in a super market that, what the Bush administration calls "the surge" was actually "made up of a number of components," some of which began before the president's order for more troops.

It's all a matter of semantics, he suggested.

McCain said Army Col. Sean MacFarland started carrying out elements of a new counterinsurgency strategy as early as December 2006.

At issue are McCain's comments in a Tuesday interview with CBS. The Arizona senator disputed Democrat Barack Obama's contention that a Sunni revolt against al-Qaida combined with the dispatch of thousands more U.S. combat troops to Iraq to produce the improved security situation there. McCain called that a "false depiction."

Democrats jumped on his comments. They said McCain's remarks showed he was out of touch, because the rebellion of U.S.-backed Sunni sheiks against al-Qaida terrorists in Iraq's Anbar province was under way well before Bush announced in January 2007 his decision to send 30,000 additional U.S. troops to Iraq.

McCain asserted he knew that and didn't commit a gaffe. "A surge is really a counterinsurgency made up of a number of components. ... I'm not sure people understand that `surge' is part of a counterinsurgency."

Speaking on CBS Tuesday of a Sunni sheik who approached Col. MacFarland, McCain said, "Because of the surge, we were able to go out and protect that sheik and others. And it began the Anbar awakening."

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On Wednesday McCain continued to try to portray his opponent as naive on Iraq while the Illinois Democrat is visiting the war zone, the Middle East and Europe.

"I am again deeply disappointed that Sen. Obama will not recognize that the surge has succeeded," McCain said. He said that "no rational person" could think otherwise.

McCain said he had been briefed by Col. MacFarland, commander of 1st Brigade, 1st Armored Division, in December 2006 to discuss the strategy that remains in force today. Bush announced the surge in January 2007 and the first of the new troops began operations in Iraq in early February 2007.

McCain made an unscheduled stop at "Kings Supermarket" in a shopping mall here, and greeted shoppers and commiserated with them on the soaring costs of both food and fuel.

"Among other challenges, Americans face the price of milk at over $4 a gallon," McCain told reporters as he stood in front of a dairy case.

But questions quickly turned to other subjects.

McCain brushed aside a question on a running mate when asked whether Minnesota's Republican governor, Tim Pawlenty, was now at the top of his list.

"I can't mention names," he said. But asked what he thought of Pawlenty, McCain said, "He's a great, fine person."

"He, and (Louisiana Gov.) Bobby Jindal and a number of other governors are the future of the Republican party," McCain said.

McCain had been headed to Louisiana later Wednesday, but bad weather generated by Hurricane Dolly, forced a last minute postponement of the trip. He was going to Ohio instead.

Earlier, campaigning in Wilkes-Barre, Pa., McCain credited the recent $10-a-barrel drop in the price of oil to President Bush's lifting of a presidential ban on offshore drilling, an action he has been advocating in his presidential campaign.

The cost of oil and gasoline is "on everybody's mind in this room," McCain told a town-hall meeting.

He criticized Obama for opposing drilling on the Outer Continental Shelf.

Bush recently lifted the executive order banning offshore drilling that his father put in place in 1990. He also asked Congress to lift its own moratorium on oil exploration on the outer continental shelf which includes coastal waters as close as three miles from shore.

"The price of oil dropped $10 a barrel," said McCain, who argued that the psychology of lifting the ban has affected world markets.

The White House didn't go that far. Presidential spokeswoman Dana Perino said the price drop also could reflect diminished demand.

"I don't know if we fully deserve the credit," Perino said.

"We don't predict what happens in the market," she said. "We can't really tell. Certainly, taking that action would send a signal that at least the executive branch is serious about moving forward and increasing the supply we have in America."

A barrel of light, sweet crude fell $1.86 to $126.56 on the New York Mercantile Exchange. That's down from more than $140 a barrel earlier in the summer. There are 42 gallons in each barrel.

BETHLEHEM, Pa. — Republican John McCain pushed back on Wednesday against Democratic criticism that he misstated when the troop buildup ordered by President Bush began, saying elements were put i...
BETHLEHEM, Pa. — Republican John McCain pushed back on Wednesday against Democratic criticism that he misstated when the troop buildup ordered by President Bush began, saying elements were put i...
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- toocoldout I'm a Fan of toocoldout 30 fans permalink

Interesting logic

    Favorite     Flag as abusive Posted 05:49 PM on 7/29/2008

mccain thanks bush for lowering oil prices.....and we should consider this turkey for president?

george w. is one of the reasons, the price of oil is through the roof.

i guess if they say it enough times, it must have some truth, huh?

gooble...gooble....

i had a lot of respect for mccain when he competed with bush for the repub nomination, but then his brain wasn't fried. he stood for himself and his ideas. now, he's been kissin' up to george, flip-flopping on many of the issues, can no longer respond with intelligence to a question, spontaneously asked. its just more of the same we've had for the last 8 years.....

    Favorite     Flag as abusive Posted 11:07 AM on 7/25/2008
- TXOBAMAGIRL73 I'm a Fan of TXOBAMAGIRL73 78 fans permalink
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So ummm what did President SpongeBob SquarePants do to get credit for ??Did he sing the Goofy Gober song "I'm a goofy goober,Your a goofy goober,Were all goofy goobers,goofy goofy goofy goober"

    Favorite     Flag as abusive Posted 03:32 AM on 7/25/2008
- DanniD I'm a Fan of DanniD 23 fans permalink

I've had ENOUGH of this malarkey! Somebody wake me November 3rd, so I'll have enough time to get myself together to proudly vote for Barack Obama on November 4th!

    Favorite     Flag as abusive Posted 10:35 PM on 7/24/2008
- bluesnot I'm a Fan of bluesnot 13 fans permalink

"The price of oil dropped $10 a barrel," said McCain, who argued that the psychology of lifting the ban has affected world markets.

Conservatives honestly believe this.

I read several places that the price of oil dropped because of decreased demand due to recession. However, conservatives are selective in what factors they wish to consider. Recession isn't one of them. Another factor, the war, is also off their radar. They don't want to think about it, much less think about how it has affected our economy.

    Favorite     Flag as abusive Posted 06:48 PM on 7/24/2008
- dmsdude I'm a Fan of dmsdude permalink

weeks ago didn`t the president say that he couldn`t do anything about the price of oil.now they are taking credit for lower prices.

    Favorite     Flag as abusive Posted 03:48 PM on 7/24/2008
- Egalitare I'm a Fan of Egalitare 11 fans permalink
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When the price goes above $135 in time for Labor Day, it will be Obama's fault -- again.

    Favorite     Flag as abusive Posted 05:01 PM on 7/24/2008
- ccpostman I'm a Fan of ccpostman 22 fans permalink
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Like clock work!

    Favorite     Flag as abusive Posted 08:16 PM on 7/24/2008
- Diogenis I'm a Fan of Diogenis 76 fans permalink

Imagine that! Should we be surprised? "MAC is trying to ride Bush's coat tail in his desperate attempt to score points! Following Bush deception? "The blind leading the blind!" As long as we do not follow. Repeat after me...."OBAMA 08"!

    Favorite     Flag as abusive Posted 11:04 PM on 7/28/2008

The reason that the price of oil is dropping is two fold. There is a drop in demand, but more importantly, the speculators are getting out of the market in anticipation of the potential for government action to curb price manipulation. If this abuse is brought under control, the price of oil falls. Better to get out now.

    Favorite     Flag as abusive Posted 02:06 PM on 7/24/2008
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I credit Bush with making $145 worth $125 in a few weeks.

    Favorite     Flag as abusive Posted 11:39 AM on 7/24/2008
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One year ago, did anyone think they would be HAPPY to see $125 / bbl oil?

    Favorite     Flag as abusive Posted 11:05 AM on 7/24/2008
- uncleentropy I'm a Fan of uncleentropy 4 fans permalink
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This is for all the faith-based energy trolls out there. If you think the oil companies would "drill" offshore if the moratorium is lifted, then I have some land along the Czech/Pakistan border you might like to purchase.

Big oil covets gaining the leasing rights. How is it in their interest to bring more petroleum products to market now? What pain are they feeling? They have lots of leased land in the US with proven reserves that they are not exploiting because....and here is the tough concept....they LIKE their economic circumstance. Their mantra is not "drill, drill, drill" it is "control, control. control". Only those who think opposable thumbs are overrated think these folks are going to after this oil with any sense of urgency.

    Favorite     Flag as abusive Posted 10:31 AM on 7/24/2008
- jbd I'm a Fan of jbd permalink

Every barrel of oil in the ground wil be worth more in the future. We should not squander our own oil. We need to move past complete reliance on oil.

    Favorite     Flag as abusive Posted 03:17 AM on 7/25/2008
- Ramirez I'm a Fan of Ramirez 356 fans permalink
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from WSJ:

"Nancy Pelosi, Harry Reid and other liberal leaders on Capitol Hill are gripped by cold-sweat terror. If they permit a vote on offshore drilling, they know they will lose when Blue Dogs and oil-patch Democrats defect to the GOP position of increasing domestic energy production. So the last failsafe is to shut down Congress.

Majority Leader Reid has decided that deliberation is too taxing for "the world's greatest deliberative body." This week he cut off serious energy amendments to his antispeculation bill. Then Senate Appropriations baron Robert Byrd abruptly canceled a bill markup planned for today where Republicans intended to press the issue. Mr. Byrd's counterpart in the House, David Obey, is enforcing a similar lockdown. Speaker Pelosi says she won't allow even a debate before Congress's August recess begins in eight days.

She and Mr. Reid are cornered by substance. The upward pressure on oil prices is caused by rising world-wide consumption and limited growth in supplies. Yet at least 65% of America's undiscovered, recoverable oil, and 40% of its natural gas, is hostage to the Congressional drilling moratorium."

http://online.wsj.com/article/SB121685595088379073.html?mod=opinion_main_review_and_outlooks

    Favorite     Flag as abusive Posted 10:00 AM on 7/24/2008
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WSJ = Faux News of journalism.

    Favorite     Flag as abusive Posted 11:03 AM on 7/24/2008
- eden4barack08 I'm a Fan of eden4barack08 162 fans permalink
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Ramirez, I thought by now you would know better than to quote anything owned by Murdoch here.

    Favorite     Flag as abusive Posted 12:07 PM on 7/24/2008
- JiminNC I'm a Fan of JiminNC 351 fans permalink
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Ramirez proves that in every facet of his life, he is a friggin idiotttt.

    Favorite     Flag as abusive Posted 02:04 AM on 7/25/2008
- Sumocat I'm a Fan of Sumocat 45 fans permalink

If McCain can credit Bush for this $10 decrease, does this mean we should credit him with the $120 increase since he took office?

    Favorite     Flag as abusive Posted 08:41 AM on 7/24/2008
- Ramirez I'm a Fan of Ramirez 356 fans permalink
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If you blame him for the increase, then yes. He gets credit for the drop.

    Favorite     Flag as abusive Posted 10:04 AM on 7/24/2008
- Troubledwawa I'm a Fan of Troubledwawa 20 fans permalink
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And why is gas not going down, as fast as it went up?

    Favorite     Flag as abusive Posted 07:17 AM on 7/24/2008
- ccpostman I'm a Fan of ccpostman 22 fans permalink
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Takes about six months. About around election time!

    Favorite     Flag as abusive Posted 08:16 PM on 7/24/2008
- leduck I'm a Fan of leduck 47 fans permalink
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well..., that was a very stupid thing for McCain to do....
what's he going to say if gas and when gas prices start going back up

it could down further but eventually it will start to rise again
and being higher next year then this

    Favorite     Flag as abusive Posted 02:24 AM on 7/24/2008
- ceti I'm a Fan of ceti 25 fans permalink
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Prices started to drop, once they cooled off the war rhetoric with Iran. Pure and simple. The past three years of belligerence have added quite a substantial amount to the price of crude oil.

    Favorite     Flag as abusive Posted 12:30 AM on 7/24/2008
- dolphy I'm a Fan of dolphy 80 fans permalink

Credit Bush for 10 cents, but what about the other 3.00 dollars?

    Favorite     Flag as abusive Posted 01:19 AM on 7/24/2008
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