OIL OIL OIL OIL OIL!!!
This has replaced Iraq as the biggest drag. You can't pay $2 a gallon for gas and not have a big impact. $44 a barrel? This has been the case for over a year. And, with capacity at the max, there is no let up in sight.
No wonder no one is hiring!
Exactly - At our office energy prices have been killing us - We have made a point not to have it effect any of our current employee's...but we haven't hired like we could have been....nor have we been able to expand like we could be....because fuel costs are killing our bottom-line.
Again, this isn't being pessimistic....it is simply reality...and when you are living it....you KNOW it is having an impact more then any silly economist is saying on TV (predicting 277,000 jobs like Bloomberg was) -
I agree. And here is why I think that is good for the President.
The High price of Oil, plays to the Presidents biggest stregnth over the French looking guy.
Every single forecaster starts the oil discussion, by pointing out that at least 10$ of the current price, is a result of the threat of terrorism.
The Presidents handlers have to start making that argument in his speeches.
"The Economy is doing fine now, but it could be doing better. The High price of oil, is slowing it a tad, and that is due to the effect of terrorism on the price of oil.Beat the terrorists and we help the Economy.And there is only one man in this race, with the experience to do that."