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1 posted on 10/18/2008 5:02:42 PM PDT by Freedom_Is_Not_Free
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To: palmer; Travis McGee; ThePythonicCow; ex-Texan; Attention Surplus Disorder; AndyJackson; ...

Pingy...


2 posted on 10/18/2008 5:03:12 PM PDT by Freedom_Is_Not_Free
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To: Freedom_Is_Not_Free

It is clearly obvious that this entire banking crisis was caused by the sudden quadrupling of energy prices, which caused every business and family in the US and the world to slam the brakes on spending and commerce.

That freeze on growth caused home and real estate values to stop instantly, which left countless banks and families with mortgages that cost equal to or more than the property or business was worth.

Yes — these banks and families were negligent and careless, but if not for the REFUSAL of Democrats and enviro nut jobs to allow drilling, the American economy would still be growing and prospering.

Does anyone believe that if oil had not jumped from $40 a barrel to $150 a barrel in a years time that the economy would not have tanked.


4 posted on 10/18/2008 5:51:07 PM PDT by Edit35 (.)
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