By the time this blog gets published, John McCain will have chosen his running mate.  I have not talked to him, and I am hearing the same rumors as you.  I believe it will be Mitt Romney, and if it is, it will change the direction of the polls and John McCain’s future.  I am not politically endorsing anyone, and I don’t know how I’ll feel come November, but Romney IMO would be the guy to take the economic plan by the backside and turn it around.

Even if it wasn’t Romney, I’d hope McCain would promise to appoint him to a prominent post.  The guy did well at Bain Capitol, and I usually trust the former Wall Street guy or gal (think Paulson, again IMO) when they decide to serve the public.

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I hope Congress is enjoying their break right now, because when they get back, another set of companies is going to be putting their hand out to Uncle Sam.  Airlines? More banks?  Try the most desperate industry of all:  U.S. automakers.  Are you kidding me?

Here’s the background for you.  They have not been making fuel efficient vehicles like they could have or should have, they have been shutting down plants instead of redirecting those facilities towards new lines that actually sell to “gas-strapped” consumers.

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I don’t know what got into me to go to Europe this year.  Remember my “Save the Dollar” campaign?  Part of it was the sticker shock I myself felt going to Paris, and then my trip last week to Greece.

I expected to see those “rich” Europeans over there, basking in the sun and lying on beds of multi-colored Euro notes, smiling over at me, the poor, broke American.  Guess what? Not the case at all!

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I think this is it.  Finally the time where the oil bubble will burst.  It wasn’t speculation (because what is that term if you really think about it, it’s pension funds, mutual funds, and average investors) that took oil prices high, it really was mostly, and I use that term carefully, an issue of global supply and demand.

We had Stuart Varney like we do always at the end of the show for Best Guess.  Stuart had mentioned in the past that China was hoarding crude and diesel, and that is why the demand picture had tightened.  I agreed with him. 

Today, he brought proof of his assumption:  since early June China has cut their imports of oil by a range of 5 to 7 percent.  For a world power like China that is an immense amount of oil, and he believes, and I agree, that China wanted to make sure nothing went wrong for their global debut.  Therefore, they imported more oil and diesel than normal, and hence, the oil spill we have seen last week and this week.

I believe crude should be at 100 or less.  I think I’m going to see that come true in the next two weeks.  My Best Guess is now in print, or online, or whatever.  I’m on the record. 

There will be groveling if I am wrong!

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Once in awhile a story really gets to me. If you have read my blog, you know I am an animal lover, and I’ve even shown you video of my cat Macy.

Last week Bill Hemmer and Megyn Kelley had the 44 pound cat on their show, and I of course went down to meet the cat.  I had to see for myself how huge he was, and he is!  But, what I didn’t know is that he was dropped off at a New Jersey shelter by a woman who lost her home to foreclosure.

AND what I didn’t know is that shelters across the country are seeing a large increase in abandoned animals because of foreclosures.
Dr. Stephen Zawistowski from the ASPCA came in, you HAVE to watch this video.
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