[kittymyrib]

Wishful thinking in this cheery piece. We've cut back on eating out etc. since gas has shot up and our electric bill was $100 higher than we've ever paid before. Wait till the heating bills hit in another couple of months. The economy will be going down as inflation on every product trucked to us goes up. Sell your Walmart stock because the lower income people will be very hard strapped in the coming months, and things don't look good for middle income folks with a lot of debt either as credit card minimum payments are due to double. Better pay off the plastic as soon as you can.

[sefarkas]

Step out from the delusions fostered by the MSM. If gasoline prices were so important, why is more gas being used this summer compared to last? The inflation adjusted price of gasoline has fluctuated around $2 for more than 30 years. The rising gas prices are keeping the Federal Reserve from raising interest rates as fast as they would otherwise in this situation. The price of oil going from $30/bbl to north of $65/bbl has not yet launched the recession the Bush haters wish for. The economy continues to grow at better than average 3.5% which keeps the U.S. by far the largest and most prosperous nation on the planet. Unemployment is at historically low levels. FR should be the last place to find fear stoking Bush haters.

[OpusatFR]

The prices really haven't filtered through to the costs of food, transportation, plastic manufacturing, shipping, etc. yet.

That is coming.

[lmr]

"..and things don't look good for middle income folks with a lot of debt either as credit card minimum payments are due to double..."

I haven't heard about this. Could you please elaborate for me? Thanks.