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To: Sunnyflorida
I'll explain again. Lower income people are still on the road because they have to be. They have to go to work and pick up kids. They are just not buying other things. When they run out of money to buy even gas, they will borrow. When they run out of credit, they will go on the government dole.

We are at the not buying other things / borrowing phase at this point.
134 posted on 05/01/2008 6:54:52 PM PDT by mysterio
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To: mysterio

And by “we,” I mean current drivers. Not me personally. I am not borrowing to pay for fuel. I’m just not buying much else.


135 posted on 05/01/2008 6:55:53 PM PDT by mysterio
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To: mysterio

“I’ll explain again. Lower income people are still on the road because they have to be.”

This is simply not true. We have bars that “low income” people hang out after work and they are packed. Are these on a direct line from home to work. NO.

I see people driving in “low-income” cars all day long. People complain about price of gas while buying cigarettes!!!

I really do not care what people spend their money on, but to think that there is still a lot discretionary driving and spending by ALL segments of the economy and to think otherwise is frankly just not accurate.


137 posted on 05/02/2008 7:20:12 AM PDT by Sunnyflorida (Drill in the Gulf of Mexico/Anwar & we can join OPEC!!! || Write in Thomas Sowell for President.)
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