Stop Gas Price Gouging

[Pidgey]

In retrospect, it's probably because of this--it's a 5-day chart on the Dollar Index:

 

[MichaelB]

When are people going to realize that WE have control ... those of us who can take public transportation, do it .... those who can't then don't drive on the weekends ... then lets see what happens to the price ... at least give it a try and see if it works ... just a thought ...

 

[Andy]

Hey....don't thank me. Thank George Bush!!

You do kinda realize that Obama has massively over-spent GWB, right? We have a $1.8 Trillion dollar deficit....

 

[Mr. Shaman]

You do kinda realize that Obama has massively over-spent GWB, right? We have a $1.8 Trillion dollar deficit....

Gee....which set o' Lil' Dumbya's book$ are you referring-to???

​

"The spending plan does not include future expenses of the continuing wars in Afghanistan and Iraq, nor does it include upfront transition costs of restructuring Social Security as Bush has proposed. The administration will submit a $eparate $upplemental reque$t largely for Afghanistan and Iraq operations in the current fiscal year, which will be reflected in the budget charts, officials said, but war cost$ in 2006 and beyond will not be. Nor will be the cost of Bush's Social Security plan, which would begin in 2009 and result in $754 billion in additional debt over its first five years.

Those omissions provide ammunition to Democrats who dispute Bush's math. "The Administration's claim that it will cut the deficit in half by 2009 lacks credibility," said a report released last week by House Budget Committee Democrats. When the omitted items are included, along with the impact of making Bush's first-term tax cuts permanent, the report estimated that the government would rack up $6.1 trillion in deficit spending over the next decade."

 

[Pidgey]

About that whole speculation thingy... :

http://www.nytimes.com/2009/10/17/business/economy/17wall.html?_r=1&em

With interest rates so low, banks can borrow money cheaply and put those funds to work in lucrative ways, whether using the money to make loans to companies at higher rates, or to speculate in the markets. Fixed-income trading — an area that includes bonds and currencies — has been particularly profitable.

Hmm... so... the recently enacted policies are... helping to fuel market speculation?

 

[Pidgey]

Well, bad news... the USDX bounced into the 74's and NYMEX crude futures touched $82 per barrel for awhile today.

<long exhale>

Let's at least hope that this takes months instead of weeks--I'd kinda' like to go through the holidays without getting too depressed...