Rahm Emanuel Paging Oliver North

" Weak protest or not, the Obama Administration probably wouldn't mind a little bit of good 'ole Middle East conflict right about now. Expensive oil is just the thing to boost the currencies of emerging market extraction economies (who hold a lot of dollar denominated debt) and pump up the market for U.S. Treasuries before China manages to cobble together a reserve currency of any worth (Russia went from holding ~$42 billion in U.S. Treasuries in March of 2008 to over $138 billion in March of 2009."