Your failed point was that we have no right to complain about high gas prices because they are good. Ignorance of economics is not my problem. High gas prices have proven time and time again to be a hindrance to the economy. Will Higher Gas Prices Derail The Economy? | Fox News Recession: Painful cure for gas prices - Mar. 2, 2012 EIA - Economic Effects of High Oil Prices
dude your fox news article argues the opposite of your point repeatedly: "The public will howl as we approach $4 gas, but they will probably continue to increase spending," says Carl Riccadonna, a senior economist at Deutsche Bank. Read more: Will Higher Gas Prices Derail The Economy? | Fox News your second article basically say that high gas prices are a sign of economic growth. essentially the prices are set high by sellers because we can afford it: "Those hoping for gas prices to turn around and start falling should be careful what they wish for. If consumers get significant relief from prices, it could well be due to a new recession that's far more painful than the gas pains they're now feeling" your third article disputes the correlation between high gas prices and economic growth: "Recent history, however, tells a somewhat different story. Average world crude oil prices have increased by more than $30 per barrel since the end of 2001, yet U.S. economic activity has remained robust, growing by approximately 2.8 percent per year from 2001 through 2004. " great work, pal. and i didnt say you cant complain about oil prices, i said it is pointless and is part of the way liberals clamor to manage prices, which is ****ing destructive. but nobody cares, selfish bastards just want cheap everything. again, my point is that if red cant afford gas, i can give him advie on ways to manage his consumption. if he doesnt want to manage his comsumption then perhaps the problem is with red, not the prices.
Dude, you practice selective reading. It also says . . . The rule of thumb among economists is that a 25-cent increase in gas knocks $25 billion to $30 billion off consumer spending in a year and lowers economic growth by 0.2 percentage points, says Carl Riccadonna, senior economist at Deutsche Bank. Jumps in oil and gas prices triggered recessions in 1973 and 1990, and gas prices last peaked months before the financial crisis shook markets in 2008. It says no such thing, but it does say this. . . With gas prices rising steadily and about 33 cents a gallon higher than they were a year ago, some other economists worry that high gas prices could be the tipping point that brings on a new downturn. It's one of the factors blamed for the softening in the economy in the second half of 2011. Americans used 134 billion gallons of gas last year, so paying an extra 33 cents a gallon is the equivalent of a $44 billion tax increase. Of course, that drag could grow if prices hit record levels, as many fear. Dude the report is from 2006 and thus can't include the high gas prices that accompanied the recession of 2008. You also fail to mention that the "growth" from 2001 to 2004 was the economy climbing out of the hole of the 2001 recession. Funny how you missed this in the abstract of the report . . . Although there is wide agreement that high oil prices have negative effects on U.S. macroeconomic variables, the magnitude and duration of the effects are uncertain. For example, most of the major economic downturns in the United States, Europe, and the Asia Pacific region since the 1970s have been preceded by sudden increases in crude oil prices. Although other factors were important, high oil prices played a critical role in substantially reducing economic growth in most of these cases. You aren't paying attention again. I have never "clamored to manage oil prices", indeed I stated early in the thread that gas prices are controlled by supply and demand and impossible to manage. The topic is not about individuals buying gas, for the tenth time. Everybody practices conservation, you are stating the obvious. The topic is about how high gas prices adversely affect the economy and how little Presidents can do about it.
Was watching Bulls and Bears Business. And they said that for every cent a gallon gas goes up it takes about a billion out of our economy.
I just don't see it, did ya'll miss this one? http://forums.tigerfan.com/free-speech-alley/107437-economy-steadily-improving.html
the economy has been steadily improving Dad.....no one can deny that it hasn't. that said, a spike in gas prices could damper the recovery; something that none of us would benefit from. then again, a misstep by the Europeans or war in the middle east could also derail the recovery. going back to the original topic of the thread....do Presiden't affect the price of gasoline? The answer is still no. It has been well published recently that domestic oil production has increased since Obama took office after steadily declining for 20 years prior to 2009. If President's have an effect, why are we not seeing lower gas prices since we are producing more domestic oil? it is a great talking point for partisans: it was for the dems when gas prices spiked during GWB's administration and it is now for the repubs during Obama's and I am certain that this will go on for many years until we settle on a REAL alternative to oil. all of this said, it does not change the fact that the President, republican or democrat, has no power over the price of gas. Hell, Obama opened the strategic reserves a few years back and it still only made a difference of a penny or two per gallon, if that.
An in other news........ GM to halt Volt production for 5 weeks 1300 workers to be laid off Trying to go green?
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