The clear and present danger to recovery, however, comes from politics — specifically, the demand from House Republicans that the government immediately slash spending on infant nutrition, disease control, clean water and more. Quite aside from their negative long-run consequences, these cuts would lead, directly and indirectly, to the elimination of hundreds of thousands of jobs — and this could short-circuit the virtuous circle of rising incomes and improving finances
Wanna kill a recovery? Have those greedy speculators raise crude oil prices to $200 a barrel, and keep it there for about 30 days, like they're trying to do now!
- Posts : 471
Join date : 2011-02-24
Age : 57
Location : New Jersey
jmainframe wrote:Wanna kill a recovery? Have those greedy speculators raise crude oil prices to $200 a barrel, and keep it there for about 30 days, like they're trying to do now!
Of course. Remember the prez of Shell stated that gas prices will be at $5/gal in 2012, well, the industry has to force that to become reality. Soon, only the rich will be able to afford auto fuel. I kinda expect that the oil industry actually wants us to pay the same as Europe. More money to line the pockets of those who own oil stocks.
- Posts : 164
Join date : 2011-02-22
Age : 51
Location : Portland, Oregon
Permissions in this forum:You cannot reply to topics in this forum