Posted on 04/05/2012 7:05:23 AM PDT by Jerrybob
Rising fuel prices percolate throughout the economy, including fuel and energy costs for farmers, food processors, and truckers, insecticides and herbicides that are petroleum derived, irrigation costs, etc. That said, inflation is by classical economics definition, an increase in the money supply. It does have the short term effect of making debts easier to pay by increasing the money supply. You could argue that the prior stimulus packages prevented a more severe collapse than what actually occurred. However, the long term effect is to defer the severe pain. There is only so long you can kick the can down the road. Nobody in either party except Ron Paul, who is unelectable, even proposes to balance the budget in the next 3-5 years. Congressman Ryan’s plan, though way better than anything in the mainstream, only projects a balanced budget by 2040.
Bingo. You could also look at GWB, who expanded medicare and education big time while adding the bureaucracy of Homeland Security. As Santorum said, it is a team game.
You’re absolutely right. After almost 12 years, I’ve witnessed a lot of patience on Jim’s part. I’ll watch my step.
You are correct, it is a VERY different world today.
I’ll add that Mittens is not Ronald Reagan.
I’m not feeling good at all about Mittens chances for a win. I don’t like him at all either but I HATE oblabla.
I see the same thing as in 2008. I wondered then when the economy would tank and when people would react to the price of fuel. It did tank and they did finally react. The vacation season in 2008 made highways and camping areas look like ghost towns. Sure some travel continued but not a whole lot. This summer will be worse, much worse. We have not yet recovered from the recession. It is all a house of cards.
For now though, you are right, they don’t seem to care about the price of fuel but I think they are feeling it. My renters left for a worse house 5 miles closer to town and work all over fuel prices. Shocked me since the rent house is dirt cheap to live in, has new paint, carpet, HVAC, dishwasher, fans etc., is on an acre lot and I pay to have the yard mowed. Five bills a month.
I won't stay home, because I don't want to have any part of Obama being re-elected.
Bravo!
Doesn’t Romney believe in gun control?
Last time around, McCain was the “establishment” candidate while Romney was the upstart. This time around, Romney is the “establishment” candidate.
I live in Virginia as well, and I don’t see hordes of people fearing Romney like the ignorant masses here. I don’t know what deluded world you’re living in, but it sure isn’t the real world.
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