Multiple Choice (Corrected and Extended)
These are the answers: can you come up with the question?
a) when President Bush's plea to the Saudis to increase oil production was rejected and the price per barrel hit and stayed above $100.
b) when the Federal Reserve pumped nearly $50 billion into the banking system in November to preclude a tightening of credit, followed in January by an uncharateristic mid-cycle drop of 75 basis points in the federal funds overnight rate.
c) when Congress caved in and voted the $70 billion "bridge" war supplemental without conditions, an indication that it will again cave when it considers the rest of the administration's $196 billion this Spring.
d) when the avowedly anti-war presidential candidates in both parties were marginaliized or forced from the contest.
e) when the pundits and the political spinmeisters assured the public that the soon-to-be 18-month-old change in tactics (the “surge”) has permanently altered the strategic posture (a politically and economically viable Iraq) in the Persian Gulf into one that will be sustainable with a “minimal” permanent presence of U.S. forces.
f) all of the above.
More to come.