“BTW, Gas will be selling for less per gallon national on Nov 1st then it is right now. Care to make a bet on it?”
Sure, but lest we forget ... it is PERCEPTION not reality that counts.
In 1992 Q4 the economy was coming back to life and roared along at 4%/annual growth. Yet Clinton won many voters on the ‘weak economy’ argument.
Its the economic conditions of this summer, and how the media can shape perceptions, that will determine the voting patterns in November.
I’d bet that a majority of Americans think, thanks to media hyperbole, that we are in a recession. In fact we were not in Q4 nor Q1 and the indicators are that we are through the rough patch due to foreclosures and subprime loans.
The media is in the tank big-time for Obama and will do EVERYTHING they can to depress us all about the economy, the world, and everything. Its worked, after all. See how everyone hates Bush... despite his turning around Iraq and putting that on a path to victory, etc.
OK, I’ll help a Freeper out. Gas prices will be lower Oct 1st then they are right now. Our annual Gas prices spikes have much more to do with summer season increases in demand and summer EPA regulations then anything else. Those regulations go off Sept 15th and demand will have seriously slumped. Baring any sort of unforeseen change in circumstances (War with Iran, Major Hurricane hitting the Gulf Coast near Huston in Sept etc) the gas price will be down in Oct-Nov 2008 from where it is right now.