For the record, the business did not fail. The owner removed himself from the business before as a strategic move to ride out the Obama administration. As for fuel being the first domino, this theory comes from the understanding of the economy the buisness owner has due to the nature of his business and his clients.
I know. I am he.
Welcome to FR! Great to have you here.
I can say that I have heard reports that Wal-Mart also uses the price of fuel as a leading indicator to forecast revenues, as shoppers who are paying more for gas have less to spend at the store.
On your other point, you claim that the high cost of fuel(allegedly caused by the democrats) somehow nudged the “mortgage domino”. It certainly didn't help anyone, that's for sure; however, this argument assumes that it was the democrats who caused the high price of fuel in the first place which we all know is false. Yes, we can blame the Bill Clinton administration for coercing lenders into lowering their standards for the so called “sub-prime borrowers”. I have yelled about that one plenty myself but I do believe there was yet a little more to the crisis than that and, as I stated previously, there were plenty of people making money off of that from both sides of the aisle; likewise, there were plenty of people who lost money on that from both sides of the aisle when the bubble burst.
Which brings me to my final and already belabored point, that the mess we are in now can largely be attributed to our inability to compete with Chinese COMMUNISM in the global economy and the willingness of some Americans to exacerbate that problem by giving American jobs to the Chinese who are all too willing to use the unlevel playing field against us to great advantage. Americans shouldn't have to work like slaves just because the ChiComs work like slaves. Americans shouldn't have to let companies dump unsafe toxins into their waterways because the ChiComs do. Americans shouldn't have to accept a lower standard of living just because the ChiComs are willing to. But that's the probem, unless we accept this decreased quality of life as the new American standard, we can't compete. That's what we need to be talking about here, not how the Democrats caused the price of gas to skyrocket in 2008.
I'd like to join in welcoming you to FR. You're a very good writer. We can use your talents here.
Yeah, welcome to FR, nice rant. :)