[56599]

The time to do something was 2 years ago. W has no energy policy. Record deficits causing dollar devaluation vs Middle Eastern currencies, interest rates increasing, massive borrowing from the Social Security Trust fund. A war that costs millions a day with no end in site.. By the way I am McCain Republican so don't give me the liberal label...To bad the war hero who rode a harley lost.



Enjoy this while you can cause this "boom" is on Uncle Sam's credit card. "Deficits don't matter"Financial wizard **** Cheney vs "Deficits do matter" Alan Greenspan and 99% of the world's economists

Don't blame me

 

[56599]

Actually dude... the state economists of WA and CA are predicting at least $3.50 a gal more likely $4 by the end of the summer on the West Coast

 

[56599]

And Social Security trust fund? Yep you are right no trust anymore

 

[56599]

Sorry had some really good Econ profs at CU! Both conservative and liberal economists agree Ws policy is reckless.

 

[56599]

Thanks for making my case stronger.

Yes increased demand from India and China is important. But again W has no energy policy. So this makes my point more important....The Artic drilling is a drop in the bucket... Not a long-term solution. Please don't get personal.. I'm not.

 

[56599]

LOL good comeback.. longride always restorts to personal attacks..

 

[56599]

Excellent Post

Excellent Post. You nailed it..

 

[56599]

You are confusing cause and effect

No you are getting cause and effect mixed up... Click the link in my post.. Balanced budgets create low interest rates which cause a growing economy. A growing economy doesn't cause higher interest rates. Government borrowing crowds out privat borrowing thus cause higher interest rates. If the Fed doesn't race interest rates we will have rapid inflation.. Right now the economy is growing due to massive government spending like if you went and charged up you credit card. Sooner or latter youhave to pay it off...

 

[56599]

Excellent Post Again in a competive market profit margins stay the same

You nailed it again. If the cost of oil was increasing and the cost of making gasoline was increasing and sale of gasoline was increasing in a competive market profit margins would stay the same..

 

[56599]

Excellent Post

You nailed it, in a open and free market profit margins (% profit) stay the same..

 

[56599]

Excellent Post

I am glad you clicked post. Cause honestly Bush is the worst president in US history.. I hate to be the man or woman who has to clean it up.. It took 12 years to clean up Reagan vodoo economics. Courageous Bush Sr and then the extremely intelligent Clinton.. balanced the books.. Bush Jr. then took daddy's (Uncle Sam's rather) and went on a spending spree..It's Econ101...

 

[56599]

You are forgetting one important thing and the Apollo program

That is the political cost of oil.. How many troops and ships etc do we have in the middle east? You assume that the cost of oil is only reflected at the pump. But the political cost which gets translated into billions to protect the oil i.e. prop up repressive regimes.. The government can do something about this.. i.e an Energy policy that would be designed to wean us off oil. I know what you are going to say we don't get most of our oil from the ME or that government can't do anything. Well the world market is dominated by ME oil producers so they have the most effect on oil prices.. Well if we can put a man on the moon with a government program we can do this

 

[56599]

Re: LOL

it's possible to login with both accounts at the same time.. Just open another browser window and login using another account. Not thay I have ever did that but bigdx is not me I am really not that good i.e. when I tried that gag I always blew my cover. I always slipped when I got excited. I am thinking it is Burns. He is much more clever and creative than I...You are right bigdx is cartoon like character..

 

[56599]

Enough whining how about some positive alternatives

1. Put a tax on gasoline which reflects the amount of money spent defending Middle East Oil. i.e. reflect the true cost of gas at the pump. Rebate income tax payers accordingly.

2. Provide tax incentives on fuels like biodiesel and methanol.

3. Create tax incentives for hybrid and bio fueled vehicles.

4. Create more productive biofuels. Use the power of the sun photosynthesis to fuel our economy.

5. Investigate big oil break up into smaller companies if antitrust behavior is found..

For more info see biodiesel facts

and biodiesel vs hydrogen: the hydrogen hoax

 

[56599]

Re: Excellent Post Again in a competive market profit margins stay the same

In a true free market excess profits invite more competition i.e. new players enter the market Take Econ 102 the next semester... on microenomics i.e market behavior. Thus profit margins always settle to a reasonalbe level in a free market.

 

[56599]

Re: Enough whining how about some positive alternatives

I don't own one. However, my car averages 30 mpg. My daughter's car get 30 mpg. My wife's van gets around 22 mpg... We have a famiy friend that is a Dodge dealer so we get good deals on Dodge cars and vans. When Dodge offers a hybrid or a diesel car we will look at one... .

 

[56599]

Re: LOL

I think you are right he is somebody's idea of a joke. So I don't worry or get upset by his comments. I enjoy your posts though. Since I have this new managment job I don't have flex time any more or the ability to work from home so I usually only have time to read MO at night and on weekends. Because the corporate world is so politically correct these days I am afraid MO is an outlet for me.. I should probably get a life huh..

 

[56599]

Re: Excellent Post Again in a competive market profit margins stay the same

"No one could be this gullible, this vacuous or this ill-informed."

You haven't been to a Red State lately have you..