The U.S. economy is not plummeting. That is just what the media says.
You really hate capitalism and free markets don’t you? If you and the government planners like Pelosi had your way you would have stopped speculation at $140 and that’s where oil would be now because it is the free market/speculators who have brought down the price to now $77 per barrel . wooo hooo!.
I suggest you read Milton Friedman’s book “Free to Choose” which will show why government never can work and the free market is the only way to go.
LOL.......it’s not me that hates capitalism. Taxpayers bailing out free enterprises is not a free market. What I want is an honest economy based on real supply and demand and the real value of goods and services, not one based on the govt protecting those that took huge risks and played with the money. So many of the variables of the stock market are no longer about the real value of companies, but are based on these huge bubbles caused by speculation.
Capitalism is also based on the spirit of competition and there is little competition in many industries now. There is nothing to prevent executives from making bad decisions because they know there is no real penalties to themselves for running their company into the ground. They pick their own incompetent boards that are supposed to oversee them. That is not capitalism, it is a corruption of the true spirit of capitalism and you know it.
“The U.S. economy is not plummeting”
The stock market is and that is why the price of gas is falling. If you don’t understand even that, then any further discussion on this is a total waste of my time.