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To: Moonman62
drama queen

Oh yeah. Hyperinflation to bail out Wall street and you call Fisher a drama queen. What inflation? There's no inflation. Seasonally adjusted gas prices dropped in May. Did you hear the government statisticians. Dropped![/sarcasm]

9 posted on 05/29/2008 5:39:24 AM PDT by AndyJackson
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To: AndyJackson
Calling it a Wall St. bailout is a bit disingenuous. Hyper inflation is also a bit of hysteria to boot. Energy and food prices are not just from a weaker dollar but a result of global demand for energy and a limited supply. When environmentalism drives your energy policy something very bad is going to happen. Limiting access to oil, incentives to people to burn food/feedstock, mandating fuels efficiencies and contents, taking energy companies while giving money to companies who are “green” but produce lots of red ink, etc. is a recipe for high prices.

For those of us exporting goods and services business has never been better. Yes, I estimate that my household costs have increased about $300 per month but if my income goes up $25K a year then WTF do I care since my products are cheaper to overseas customers? And, I can drive a little less, keep the thermostat at a more reasonable level and don't waste money on items I don't need. Also, if I own stock in agro/energy/steel and other money making sectors then I am doing very, very well. Yes, my home value is down but if I invest cash in other places I can offset the losses.

12 posted on 05/29/2008 7:09:57 AM PDT by misterrob (Obama-Does America Need Another Jimmy Carter?)
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