Well the Fed finally raised interest rates and low and behold the Dow is diving. It's more that a thousand points below its high of last year. All of those delusional who were crediting Obama for having influence on the Dow are not very silent. He is doing a remarkable job in keeping gas prices low. They're even low in other parts of the world. Doesn't he know that lower prices leads to increased consumption which of course if terrible for climate change? :roll:
$1.60 per gallon or $4.10 per gallon at the pump. Seriously..... there is a debate about which is better for average ( 95% ) Americans?
Obama wanted high gas prices to jam energy conservation down our throats. You can find plenty of statements by him before and after he took office. One of his favorite shaft jobs would have been the cap and trade bill but even under that bitch Pelosi he couldn't get that. As we get overrun by illegals, while ISIS is beheading Christians and taking land in the Middle East, while Putin is making headway in the Middle East, that asshole is worried about climate change. Under Obama the labor participation rate has dropped from 66+ to 62+. That figure represents millions of Americans who have either given up looking for work or retired much earlier than they chose to. The household income has consistently dropped as households have been squeezed by the lack of decent paying jobs. We've had no new wars but then a coward never goes to war. He let Assad give him the finger and is terrified at taking on ISIS. He idea of a warrior is some gutless clown that calls in drone strikes. He has the same spine as a terrorist that plants an IED except his weapon is an unmanned drone. Eastern Europe is terrified at the increasing power of Putin and Russia. China is building islands to control the Western Pacific. China is waging cyber war against our companies and government files and our president is vacationing, fund raising or supporting Black Lives Matter. He's a disaster.
Gip's valid points noted and agreed upon, have you guys seen the military build up in Vietnam? They are ramping up because it appears they don't trust the Chinese as much as we do......
I have read several articles on the military buildup in Vietnam, Philippines and Indonesia. I can't say I blame them much as China's eventual goal is to restore all the middle kingdoms under China's rule no matter how long it takes. http://nationalinterest.org/blog/the-buzz/china-losing-southeast-asia-14064 One thing I have managed to learn over the years is how American culture of thought is short term compared to the Europeans and not even a blip compared to how Asians look at long term goals....
$1.60 per gallon or $4.10 per gallon at the pump. Obama wanted high gas prices..... Bush wanted low gas prices? I am assuming each got the opposite of what they secretly desired.... :lol: :lol: :lol: :lol:
Power, Control, Agendas, just plug in whatever President from whatever party, throw in a little spin control of the actual truth and WaLa you have American politics....Free leader of the world, truth and righteousness.....Oh forgive me I got caught up in the rhetoric... Yeah the fuel prices are lower which is very nice as I use 7,500 gallons every three weeks farming for a living but I personally cannot give credit to this president or the one before him...
Agreed.... but when gas prices are so historically high they are strangling the economy and average Americans you get a little suspicious when an oil man is the head man in office and wonder how they can be so low once the oil man is out of office.
I read an article somewhere that mentioned the drop in gas prices had a lot to do with us sticking it to Russia no matter what the cost. I guess time will tell. Our own production has doubled domestically and we've pushed the imported Saudi oil onto the foreign market (e.g. China) which has drastically forced the price down. The problem is, with diminishing profits, the oil industry domestically will cut back drastically on employment and exploration...which hurts us in the end.
Corey that sounds like a free market where prices go down, investment backs off, prices eventually go up encouraging investment to increase exploration....As you well know... I'm not sure most of America understands this and probably doesn't really care as long as dancing with the stars is on for another season or for Gods sake a confederate flag was seen flying in Northern Alabama...
Sorry..... but I have long given up on "trickle down" economics. I just wish I was young enough and mobile enough to participate in the payback when the tables turn in the labor market.
Well, there's this piece in the NYT that explains it pretty well. http://www.nytimes.com/interactive/2015/business/energy-environment/oil-prices.html?_r=1 Additionally, remember a few years ago Putin was on the rise and walked into several sovereign lands claiming to be a liberator. Iran is Iran. This situation puts a massive dent in both their pockets. What I find funny is that until recently, I was unaware that the US had doubled domestic oil production. If Bush would have done that, the Al Gore brigade would have lost their ****.
My problem Gipper is that I have been a loyal employee working hard the last 6 years for a far right Republican small business owner and I have lost my mobility in terms of changing jobs mostly because of age. Wouldn't be so bad except there are no... none... nada... pay raises in this company. I don't foresee that changing and I plan to be there till I'm 70 because my career was hijacked in my most productive income years by the Bush legacy... the Great Recession. Hard work and a great deal of success in this job have translated into flat income that already was a big concession from where I used to be. But that's prettty much the reality of what happened in Detroit and nationally as well. The good part is that it forced my hand into relocating back to where I would have wanted to retire anyway... after spending 31 years in Detroit.
As a business owner who has not increased his own income one cent since 2006, it never occurred to me to blame George Bush and far right Republicans. All along I have been blaming things like runaway insurance costs, steadily rising taxes, the costs associated with an avalanche of federal regulations, a diminishing supply of properly educated and trained potential employees and a general malaise and negativity in our nation. All along I only had to blame Bush.
I have a friend who is an executive in an oil company in Texas. He is on the road all the time at exploratory drill sites all over the country. We were together last September and he contends that our domestic oil and shale supplies are very robust and we could be entirely energy independent at any point we choose. Obviously the geo-political implications of that are profound. He also said that sustaining price for the oil industry is $60-65.00 per barrel. Any drop below that triggered immediate cutbacks in personnel and exploration not to mention R & D.