Originally posted by marg6043
So much for the glimmer of hope.
Yeah, and the one thing that could have helped despite this administration's disastrous spending plans was the relatively low price of oil.
All of this time has passed and NOTHING has been done to decrease our dependence on foreign oil, in fact because of new restrictions on drilling and
exploration there is more dependence on foreign oil.
Have you seen how the price of gas is going back up?
Any recovery this administration had hoped would come from their insane spending and bailouts will be dashed by higher oil costs.
They have no idea how bad it will get, as these costs continue to rise and their new plans actually have helped cause that.
This belief they have that less dependence on oil without any rise in domestic production through restrictions, is only going to make it worse, and
cause prices to continue to rise.
No matter how much money they throw at the the economy, they can't hope for better days when they are seeking to crush the ability to produce the
life blood of this economy.
It will be too late when their fantasy green technologies arrive, they should have thought this through more.
Unless they actually want to destroy this country and economy to achieve some other goals and/or objectives.
When gas prices rise back to and above the $4 per gallon range you will see more clearly what I am talking about... Prices are already back above
$2.60 per gallon in many places now and still rising.
Shipping costs will now go up sharply along with fuel surcharges, eventually causing a rise in everything in the stores. More lay-offs and
unemployment will result and the downward cycle will gain momentum.
Either this administration and congress are completely stupid, or brilliant if their goal is to destroy capitalism and restructure the nation into
some new twisted version of socialism then they are getting it done brilliantly!
[edit on 7-6-2009 by Walkswithfish]