Are You Upset About High Gas Prices?

I have, finally, scored a seat on a van pool! Yay!!

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The oil price is manipulated by Morgan Stanley and Goldman Sachs.
Presently,It has nothing to do with supply and demand.
Obama is owned by them so theres not much he can or is willing to do.
If the banks want Obama reelected they will pause screwing the world until Nov 2012.
If they want a Republican, then they will send the oil price through the roof.
Did Speculation Fuel Oil Price Swings? - 60 Minutes - CBS News

 

Don't forget interest on the debt. You borrow $1, you pay back $1.08 on average. Borrow $1 on your credit card, and some pay back $1.30. Obviously the us bonds are no credit card on returns but if the US is derated for credit as it seems like it will be, the interest will be higher.

 

Excellent point! Now lets extrapolate . . . Congress was taken over by Democrats in 2007, Congress controls spending and IIRC Bush's TARP bill, which you mentioned, was passed by D's in congress, which party should the major portion of this unprecedented spending be assigned Republicans or Democrats?

R's?

D's

Both?

IMHO it's about . . .

75% D's

25% R's

until 01-20-2009.

now it's all D baby! YMMV

My .02 cents and another best shot if I do say so myself.

 

England and Spain have found that for every green job made up to 3.6 other jobs are lost. Any reason to assume the findings will be different over here?

 

Rapid change, oh sure, in employment just ask, as noted above, England and Spain both have seen increases in energy costs and up to 3.7 jobs lost for every green job created.

 

You are absolutely correct. Every graph I've seen about the macroeconomic and demographic situation in the country affirms it.

 

I doubt it. In this WSJ article you can see that the "jobs lost from green energy" point was pushed by a libertarian think tank making highly questionable opportunity cost assumptions. It was criticized by both the Spanish government and the US DOE.

As for TARP, Bush asked for it and got it. It was his idea. You can try to blame Dems, but that's not the way things are typically done. I don't think that the health care reform legislation would be called "RepublicanCare" if a bunch of congressional Republicans voted for it.

 

The point of that portion of the video was the raw size of the debt itself, separate from the interest.

 

Yes and no. As prices of things go up. People will buy less. That's why gas prices collapsed 2 years ago.

But on the question about high gas prices, I say the moon's the limit!

 

burritos - Off Topic

Your concluding quote is the most negative, uncomplementary, depressing thought expressed on this otherwise, informative thread. Then I see you are from California ... that explains it all. I'll share a quote with you. "If the world were tilted on it's edge, everything loose would fall into California." F.L. Wright

If to be "free" is what you seek ... yperhaps, ou are looking in the wrong places.

 

the debt maybe only one year of GDP, but how much of that GDP is paid in taxes to another country? we may generate that much product, but it does not go to the government.

 

That's a 2009 article, newer studies have shown that changing from fossil fuel/nuclear energy to any other form will cost more in money and in jobs. I'm all for it but not a full on rush, considering the economy, especially now that we know "Global Warming" isn't. I guess it's just "Climate Change" which has been happening for thousands and thousands of years! Wish we had the money wasted on that boondoggle back to spend on these clean projects.

 

MY REPLY:

AND NOW I'M POSTING FACTS ABOUT THE POINT I MADE ABOVE. . .

Didn't think you were trying to avoid answering my point that congress controlled spending and thus the debt as well as deficit, the info is hard to find. Here's what I found . . .

The fact that FY2009 budget was delayed and Bush didn't sign it is really immaterial to the points I was making but it is germane to a point fuzzy made.

The Debt, Who's Responsible

Update 04/04/2011


National Debt Incurred During Congressional Tenure by Political Party

	Date	House	Senate	Months In Control	Debt At Start	Debt At End	Total Debt Accumulated	Average Monthly
1	1993 - 1995	Democrat	Democrat	24	$4	167	872	986	584	$4	801	793	426	033	$633	920	439	449	$26	413	351	644
2	1995 - 2001	Republican	Republican	72	$4	801	793	426	033	$5	723	237	439	564	$921	444	013	531	$12	797	833	521
3	2001 - 2003	Republican	Democrat	24	$5	723	237	439	564	$6	382	650	489	675	$659	413	050	111	$27	475	543	755
4	2003 - 2007	Republican	Republican	48	$6	382	650	489	675	$8	677	214	255	313	$2	294	563	765	638	$47	803	411	784
5	2007 - 2011	Democrat	Democrat	48	$8	677	214	255	313	$14	014	049	043	294	$5	336	834	787	981	$111	184	058	083
6	11 - Today	Republican	Democrat	3	$14	014	049	043	294	$14	243	931	564	217	$229	882	520	923	$76	627	506	974

Average Monthly Debt by Party Controlling Congress

	Party in Power	Months in Control	Total Debt Incurred	Average Debt Incurred Per Month
1	Republican	120	$3	216	007	779	169	$26	800	064	826
2	Power Split	27	$889	295	571	034	$32	936	873	001
3	Democrats	72	$5	970	755	227	430	$82	927	155	937

BTW: I posted this info as a thread in Freds House of Politics but with my own unique brand of insight and commentary!

 

Gasoline Taxes Per Gallon Are Almost 7 Times ExxonMobil's Profit: 42 cents vs. 7 cents for QI - Right Mind

 

Lol!! Are you serious? What is exxon's cut of the profits on car sales? Road construction?

 

From another forum I frequent...

"Who owns big oil?"

 

Why are those groups worthy of a transfer of wealth from others to them in the form of tax subsidies?

 

Just for fun, do you have the pie chart of "Who big oil owns?"