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Gas prices' jump attests to upbeat economy
The Los Angeles Times ^ | March 22, 2012 | By Jim Puzzanghera

Posted on 03/22/2012 5:23:59 PM PDT by Oldeconomybuyer

The recent jump in gasoline prices stems partly from an encouraging sign: The economy is improving.

With a more solid footing, the economy should be able to withstand the recent increase in gas prices better than it did during a similar surge last year, said Kathy Bostjancic, director for macroeconomic analysis at the Conference Board.

"It's a head wind for the consumer, but it doesn't derail the recovery. It can be taken in stride, especially if the underlying fundamentals of the economy are improving, which they are," she said.

"The dominant factor is really the improvement of the labor market," she said, "and if that continues, that trumps all the potential head winds for the consumer."

Two recent national polls showed Obama's job approval down sharply despite the improving economy, in part because of concerns over higher energy costs.

Obama has been fighting back. Over the weekend, he reiterated his call for an end to $4 billion in tax breaks for the oil and gas industry.

(Excerpt) Read more at latimes.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: election2012; energy; failure; journalism
An amazing example of modern journalism.
1 posted on 03/22/2012 5:24:06 PM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

Gas prices are holding me back form doing many things and I don’t buy 10,000 gallons at a whack.


2 posted on 03/22/2012 5:27:05 PM PDT by mountainlion (I am voting for Sarah after getting screwed again by the DC Thugs.)
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To: Oldeconomybuyer
Gas prices' jump attests to upbeat economy

Say what!! Just peg my BS meter all the way into the red.

3 posted on 03/22/2012 5:27:19 PM PDT by doc1019 (Romney will never get my vote!)
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To: Oldeconomybuyer

That’s what they said in 2008, isn’t it?


4 posted on 03/22/2012 5:28:12 PM PDT by Jeff Chandler (If my candidate doesn't win the nomination I'm going to kick my feet, cry like a baby, and stay home)
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To: doc1019

Obama Times......


5 posted on 03/22/2012 5:28:27 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Oldeconomybuyer
2X+ good. and chocolate rations increased to 20g a week. ++ good again.

/1984 newspeak

6 posted on 03/22/2012 5:29:04 PM PDT by rawcatslyentist (Mohammedan law every woman must belong to a man will delay the end of slavery until Islam has ceased)
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To: Oldeconomybuyer

Even Joseph Goebbels would have blushed to write a piece like this.


7 posted on 03/22/2012 5:30:02 PM PDT by 6SJ7 (Meh.)
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To: Oldeconomybuyer
Obama has been fighting back. Over the weekend, he reiterated his call for an end to $4 billion in tax breaks for the oil and gas industry.

Yes! Because raising taxes always causes prices to drop. This is really pathetic.

8 posted on 03/22/2012 5:30:03 PM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: Oldeconomybuyer

“You don’t just go become a writer or photographer or ‘whatever’ unless you want to live in a van down the river while pursuing your ‘whatever’ dreams”

Bull sh...aww, I don’t even have the energy. I’ll agree it’s due to the recovery if they agree that gas is subject to the laws of supply and demand. I hate to break it to them, but that’s necessary to make this particular point, thus forestalling future bashing off greedy, Blood For Oil-soaked Fat Cat 1%ers. Which they’ll immediately do because, hey, what’s consistency?


9 posted on 03/22/2012 5:30:17 PM PDT by Tublecane
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To: BfloGuy

Baghdad Bob would be proud of our “journalists”!


10 posted on 03/22/2012 5:31:14 PM PDT by bicyclerepair ( REPLACE D-W-S ! http://www.karenforcongress.com)
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To: Oldeconomybuyer

It’s amazing. This lady talks about high gas prices being a headwind against the consumer. Then the article mentions obama wanting to get rid of the tax breaks. Do away with the tax breaks and watch the price of gas go even higher.

The only reason for all of this is obama and those who pull his strings want to destroy this nation.


11 posted on 03/22/2012 5:31:26 PM PDT by Terry Mross ( "It happened. And we let it happen. - Peter Griffin, Family Guy)
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To: Oldeconomybuyer

“Obama has been fighting back. Over the weekend, he reiterated his call for an end to $4 billion in tax breaks for the oil and gas industry.”

What a genius. Raise the cost of doing business: that’ll lower prices! It is opposite year, right?


12 posted on 03/22/2012 5:31:53 PM PDT by Tublecane
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To: doc1019

Heck, to get a really speedy economic recovery we need $15.00 gas!!


13 posted on 03/22/2012 5:32:19 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Oldeconomybuyer

FEDEX is saying that their volume is down. This is such an evil piece of propaganda.

Gas and food prices are ruining people’s lives right now.

Shove it Obama.


14 posted on 03/22/2012 5:34:43 PM PDT by dforest
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To: Oldeconomybuyer

And just a few years ago $3.00 gal gas was an evil plot between President Bush and “big Oil.”

Today?

Gas at $4.00 gal is...

encouraging sign

solid footing

a head wind for the consumer

doesn’t derail the recovery

taken in stride

fundamentals of the economy are improving

head winds for the consumer (she said it twice, not me)

despite the improving economy

.

.

The mass delusion is beyond scary.

What will the Worshipers of The One do if their demigod is looking a a butt-kicking in November?

.


15 posted on 03/22/2012 5:34:56 PM PDT by TLI ( ITINERIS IMPENDEO VALHALLA)
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To: Oldeconomybuyer

These people are delusional..


16 posted on 03/22/2012 5:35:04 PM PDT by cardinal4 (Bolton/Arpaio 2012 "Kick the UN across the border!")
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To: Oldeconomybuyer

These people are delusional..


17 posted on 03/22/2012 5:35:08 PM PDT by cardinal4 (Bolton/Arpaio 2012 "Kick the UN across the border!")
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To: Oldeconomybuyer
New we are talking real recovery ... preach it! LOL! ;-)
18 posted on 03/22/2012 5:36:00 PM PDT by doc1019 (Romney will never get my vote!)
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To: Oldeconomybuyer

By Jim Puzzanghera
Misspelling it’s Jim PUTZ ?


19 posted on 03/22/2012 5:37:25 PM PDT by Mark (Don't argue with my posts. I typed while under sniper fire..)
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To: Oldeconomybuyer

This con man needs some comments after that tall tale for Obama.

None so far


20 posted on 03/22/2012 5:39:43 PM PDT by dforest
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To: mountainlion

Yes, the economy of Red China, where they have unleashed the profit motive on their population and who wants now to own cars, is roaring ahead, and driving up the price of gas.


21 posted on 03/22/2012 5:46:35 PM PDT by 50sDad (A Liberal prevents me from telling you anything here.)
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To: Oldeconomybuyer

Gee thats great!
I can hardly wait till employment is back to normal, Gas will be $12 ga! /s


22 posted on 03/22/2012 5:47:23 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: Oldeconomybuyer

Journolistas have gotten the talking point du jor from the White Hut.


23 posted on 03/22/2012 6:11:50 PM PDT by SueRae (Tale of 2 Towers - First, Isengaard (GOP-e), then, the Tower of Sauron on 11.06.2012)
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To: SueRae

Just got back from a trip and every flight was totally full and all the airports were crowded. So either the economy is better than I thought or gas prices are good for the airlines.


24 posted on 03/22/2012 6:18:30 PM PDT by Glenmore
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To: Oldeconomybuyer
six cents in one day is pretty damn upbeat... /spit
25 posted on 03/22/2012 6:21:58 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Oldeconomybuyer; All
"Gas prices' jump attests to upbeat economy"


26 posted on 03/22/2012 6:22:24 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Oldeconomybuyer
Anytime someone lies like this to me or tries to take advantage of me I say, “excuse me a moment” and walk over to a mirror or some glass and pull back my hair, I return and look them square in the eye and say “Nope, I don't have STUPID written on my forehead. “
27 posted on 03/22/2012 6:27:35 PM PDT by DocRock (All they that TAKE the sword shall perish with the sword. Matthew 26:52 Gun grabbers beware.)
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To: mountainlion

Well I paid $4.20 today. Can you tell how encouraged I am? Worthless pos.


28 posted on 03/22/2012 6:35:39 PM PDT by sheana
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To: dforest

There’s a FedEx hub on the highway my brother drives everyday (I used to until last year). It’s easy to see when there’s a tick-up in buying from the lack of trailers camped out there. 5 years ago you could practically count how many were there & half were other company’s trailers that were bummin’ space. It’s 90%plus full almost constantly - and they’re all FedEx.


29 posted on 03/22/2012 6:39:21 PM PDT by mykroar (Ray: "You drank too much."...Archer: "That's a thing?!?")
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To: Oldeconomybuyer

Think how GREAT the economy is going to be when gas is $7.00 a gallon.


30 posted on 03/22/2012 6:58:07 PM PDT by SoFloFreeper
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To: Oldeconomybuyer
Good is bad, up is down, gay is straight and dogs & cats living together = A-OK!
31 posted on 03/22/2012 7:11:48 PM PDT by Caipirabob (I say we take off and Newt the site from orbit. It's the only way to be sure...)
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To: Oldeconomybuyer

Here’s the thing...when you print a couple trillion dollars in a 14 trillion dollar economy, well, that’s about fifteen percent more dollars chasing goods. This accounts for the increase in fuel and food — which are not part of the inflation calculation. The only thing holding down the official inflation rate is the fact that there are no dollars after food and fuel to spend on the other stuff. Obama can smile, but everyone knows why retailers cannot recoup increased costs — those of us who are working are spending all our money on gas and food.


32 posted on 03/22/2012 7:12:34 PM PDT by wizwor
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To: Glenmore

I’ve see that, too...but this is the time of Spring breaks...and many airlines have cut back on the number of flights. I know...I have to go to Phoenix next week (hate that airport) and every flight on the way back in stuffed to the gills. Has been for years.


33 posted on 03/22/2012 7:28:09 PM PDT by SueRae (Tale of 2 Towers - First, Isengaard (GOP-e), then, the Tower of Sauron on 11.06.2012)
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To: Oldeconomybuyer

Exorbitant gas prices help the economy.
Paying more unemployment for longer periods helps the economy.
Severe recession means you get to stay at home and enjoy more time with your family.
Bankrupting the public treasury is the path to sound fiscal policy.
Scarce, high cost and unreliable electricity is our future.

It must be a delight to be a liberal Democrat.


34 posted on 03/22/2012 7:29:42 PM PDT by ProtectOurFreedom
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To: Oldeconomybuyer
Photobucket
35 posted on 03/22/2012 7:31:50 PM PDT by 2111USMC (Not a hard man to track. Leaves dead men wherever he goes.)
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To: Oldeconomybuyer

Kind of scary! Some sheeple out there will actually believe this boot scrapings. Also, this article definitely highlights the detrimental effects of continued drug use on the author’s intellectual abilities.


36 posted on 03/22/2012 8:38:59 PM PDT by RetiredTexasVet (There's a pill for just about everything ... except stupid!)
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To: Glenmore

“So either the economy is better than I thought or gas prices are good for the airlines.”

I’d go with C: The number of flights has been reduced.

I say that because I took someone to Kennedy Airport and they were put up overnight because the airline hadn’t sold enough tickets for their flight to Europe. They were on a different flight the next day.


37 posted on 03/22/2012 8:40:59 PM PDT by kearnyirish2
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To: Oldeconomybuyer

Inflation you say?


38 posted on 03/22/2012 9:29:21 PM PDT by pacpam (action=consequence and applies in all cases - friend of victory)
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To: Oldeconomybuyer

Incredible trash idiotic “journalism”. Why don’t they just tout chopping off your leg makes you healthier and makes you more efficient at walking...


39 posted on 03/22/2012 10:08:44 PM PDT by WKUHilltopper (And yet...we continue to tolerate this crap...)
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To: Oldeconomybuyer
Speaking of supply and demand, the Baltic Dry Index suggests that while social goods may be going through the roof, physical goods are mired in the depths of despond.


40 posted on 03/23/2012 5:30:54 AM PDT by AndyJackson
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To: 50sDad

I would feel getter if the oil companies got the money in stead of the stock manipulators.


41 posted on 03/23/2012 6:12:59 AM PDT by mountainlion (I am voting for Sarah after getting screwed again by the DC Thugs.)
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