The price of oil is what initially killed the economy under President Bush. Now that a more conservative Congress is in place to hopefully restore the American economy, there is a specualator’s resurgence to raise the price of oil again.
It will kill economic growth.
It is as if some group with the ability to affect oil prices does not want America economically strong.
After all, that has always been America’s second greatest strength. And our greatest strength has long been under attack: Our Faith in God.
Agree totally.
The problem was caused by Derivatives and sub-prime mortgages under the financial sector. The Banks started to drop like leaves in November. Small business lost their support and started laying off people in droves. Then, the housing market crashed shortly there after and Real Estate values tanked. People who had bought homes at radically inflated prices, suddenly found themselves hopelessly in the red and paying massive payments with their earnings cut in half.
The increase in fuel prices only raised the cost of commuting by under 5% in regards to most family budgets. Of course, the media likes to blame “Oil Man” Bush by wrongly claiming that it was high fuel prices to blame.
You seem to have bought that lie with interest yourself.