[lbo-talk] Chomsky on Hersh & the leaked info he reported

Doug Henwood dhenwood at panix.com
Wed Apr 19 12:41:43 PDT 2006


Mike Ballard wrote:


>I think oil was over $70 a barrel today. Cui bono? Schrub's Texan oilman
>pals?

Certainly not Bush's approval ratings, which are strongly negatively correlated with the price of gas. A simple linear regression of the nominal gas price against W's Gallup approval rating has an r2 of .69; of the log of the gas price, .75. Based on this, should gas hit $3.00, W's approval rating could hit 30% or below (latest is 37%).

Doug



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