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oil prices rising

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  • VemoiVemoi Member Posts: 1,546

     

    Originally posted by zoey121


    i wonder how much of the economy failing will be blamed on high prices of gas/oil? SInce  this affects so many things from cost of goods even basics such as grocries, i wonder why there isn't an outcry?

     How high does it have to go before there is an outcry?
     Anyone remember the last happening? Long lines rationing, odd/even days to get gas?

     

     

    The long lines, rationing and stuff was a direct result of government tinkering. So far we haven't had price controls and rationing so, even though the prices are high, there are no shortages. 

     

  • unconformedunconformed Member Posts: 700

    im sure dan rather, cnn, msnbc, abc, cbs, newyorktimes would want to reveal this kind of huge ginormous scoop of a story, oldlady.

    chips, dips chains & whips.

  • unconformedunconformed Member Posts: 700

    do me a favor. gather up all that research, compose a thesis and submit it anonomously to the new york times. ill want to read about it in one large article rather than multiple sources.

    chips, dips chains & whips.

  • olddaddyolddaddy Member Posts: 3,356
    Originally posted by unconformed


    do me a favor. gather up all that research, compose a thesis and submit it anonomously to the new york times. ill want to read about it in one large article rather than multiple sources.



    I can't believe how lazy you are. I typed in Nixon - price controls into my search engine and had hits.

    Can't you even do that?

     

     

  • unconformedunconformed Member Posts: 700

    got my eye on the tot and right now about to make some hamburgers. theres something eery and fun about bare hands and raw chopmeat... heh

    im sorry. are you saying nixon implemented price controls that are current to this day? considering the price now, im vexed and am seriously interested in getting this gas shit fixed. its nuts.

    chips, dips chains & whips.

  • olddaddyolddaddy Member Posts: 3,356

     

    Originally posted by unconformed


    got my eye on the tot and right now about to make some hamburgers. theres something eery and fun about bare hands and raw chopmeat... heh
    im sorry. are you saying nixon implemented price controls that are current to this day? considering the price now, im vexed and am seriously interested in getting this gas shit fixed. its nuts.

     

    No. What I am saying is that Nixon implimented wage and price controls to control inflation. They were in effect, though not effective, until stopped by the Carter administration. Carter tried something different, it didn't work. Reagan came into office and  raised interest rates, tightened up credit, which put a stop to inflation, though it was very hard on many people, and many businesses. Paul Volker was the primary Reagan point man on straightening out the economy. He was very good at his job. Alan Greenspan was Volker's protegee. Now, without Greenspan, the clowns are running the circus, and it shows.

    Right now the economic policy is to drop interest rates, while inflation increases. The lower FED interest rates are not stimulating the economy, and inflation is the worse evil. It is as if all the lessons learned under Reagan's economic plan have been unlearned.

    Frankly, I do not want to re-live the 70's again.....

    P.S. Wait til you pay for milk....

     

  • unconformedunconformed Member Posts: 700

    they started lowering the fed interest rate due to the slumping housing sector. also to ease up some of the mortgages that were out there, to prevent some people from defaulting by lowering the monthly mortgage payment. inflation seems to be due to the gas prices. i will agree this economy is in trouble. i wonder what greenspan would do differently? it wasnt too long ago where he was the chief.

    rush limbaugh had a good analogy or whatever, that i heard. why is milk more expensive than gas? it seems like the processing of oil to gas takes more time, energy and money than sucking on a cows tit, pasteurizing and shipping it. i dont get it.

    i would like to get more refineries built. i would like speculators to stop speculating as well. and clone some more cows for lower milk prices. whatever it takes. 

    interestingly enough, it seems that our economy is very predictable and cyclical with its upturns and downturns.

    chips, dips chains & whips.

  • vickypollardvickypollard Member Posts: 305

    Try living in london it costs £6500 in tax alone to use your car to get to work each day and don't even get me started on the petrol costs......





    All this because of "man caused global warming" which theres no proof to back this claim but lots of proof against it.

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