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Automotive News & Views How does gas at $4 and higher impact you?
2175 messages, Last post on Nov 05, 2009 at 3:05 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: boaz47 (Nov 18, 2008 2:36 pm) So someone managed to convince you that we can afford this bailout, huh?  I will bet you dollars to donuts we will look back in ten years and realize we couldn't.
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Replying to: lemmer (Nov 11, 2008 1:48 pm) " The young ones think 1992 was a horrid recession, so by comparison the current situation must be a depression. Don't they teach about stagflation in school anymore? " Obviously not, they don't have a clue. They wouldn't know who Volcker was except he has been in recent news or they " googled it ." Good post, 1992 was so mild it was miraculously faith healed by the time BC had his inaguration. It's the economy, yada, ad infinitum.
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Replying to: jipster (Nov 18, 2008 5:07 pm)  As far as the topic at hand goes, I am seeing that people seem to be in a better mood lately - less complaining about gas prices and a lot more of "I can't believe it dropped so much so fast!" They are more incredulous than thankful at this point I think. A few cynics are saying, "now that the oil man is leaving the White House prices are dropping...............HHHMMMMMMMMMMMMM"
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Replying to: larsb (Nov 19, 2008 6:09 am) "Cynics" may not be the right word. As if Bush could control oil-prices, and was an oil-man, and wanted to help his oil-buddies, wouldn't he have done things to RAISE the price before leaving office? And wouldn't he have made it difficult to reduce the price?
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Replying to: duke23 (Nov 18, 2008 7:57 pm) Heck, back in 1992 I didn't even know we were in a recession! I was still in college, though, and a bit insulated from the "real world", I guess. If anything, I remember the summer of 1992 being really carefree. As for stagflation, I've heard that 1966-1982 was one of the worst periods the United States has ever had. If you took a lump sum and invested it in 1966, after all the ups and downs, in 1982 you'd be no better off. Or if you retired in 1966 and had a nest egg you needed to live off of, taking money out instead of adding to it, you would have a rough go of it. I guess if you were still regularly investing, say, monthly, throughout that time, letting dollar-cost averaging do its thing, you would've come out ahead. |
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Replying to: kernick (Nov 19, 2008 6:37 am) I actually heard someone say something like that. "As if" is the right response to that, for sure.
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Replying to: larsb (Nov 19, 2008 7:44 am) I also heard that Bush invented global warming so hurricane Katrina would wipe out all the democrats in New Orleans. He and Chaney blew up the levees to drown all the black folks too. They were all full of themselves after driving around Ohio on election night stealing all the voting machines. Please give the Bush bashing a rest. He made enough real mistakes to take a beating for years, he hardly needs the made-up paranoid stuff. 
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Replying to: larsb (Nov 19, 2008 7:44 am) I reckon you got to believe them then - whoever and whatever they said; and what you might have heard and ciphered, from that.  Now you understand why we don't believe you're interpreting the entire GW issue correctly.
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Replying to: nippononly (Nov 18, 2008 6:38 pm) But on a side note, remember when some were suggesting raising fuel prices by increasing taxes on fuel? Now do you see how bad that would have been? Unlike what we just went through it would have been much harder to lower fuel prices once they have been taxed. The government doesn't give back anything they got out of your wallet.
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Replying to: boaz47 (Nov 19, 2008 3:02 pm) Oh absolutely not, no. In fact with the price of gas down more than $2 in 4 months, now is the perfect time to slide a $0.50/gallon tax in there to discourage future consumption just a little. Heck, the price even in California would still be well under $3/gallon. They they could raise it $0.10-0.20 per year for the next five.
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