I can’t pretend to know what happened in the house of cards on Wall Street, but the high gas prices are what kicked everybody’s ass around here. People who were living paycheck to paycheck suddenly confronted with $500-600/month fuel bills just to get to work couldn’t make it. What’s the choice- you gotta get to work or you can’t pay anything.
Sounds like round two is coming.
You’re right- the government response has been to run in 180* the wrong direction. They should lower taxes. Eliminate regional formulation requirements. Expand drilling/exploration. Approve coal plants. Approve nuclear plants. Approve/incentivise bio-fuel ( it does make sense in some places)plants. Approve pipelines. And I’ll even go for reasonable incentives for wind, solar, compressed nat gas, etc. It would create a churn of employment and optimism that would actually stimulate this economy because America runs and thrives on energy.
Simple people can see this. Our government can’t.
“the high gas prices are what kicked everybody’s ass around here.”
Exactly right. Maybe no one in Manhattan drives (except the cabbies), but the rest of America was shut down by the $4 and higher gas prices at the pump.
I thought at the time the muslims don’t have to set off bombs to stop America, just control and raise the price of gasoline. Those prices slowed down businesses also, not just individuals.