Might as well vent! I am embarrased to admit we voted for Bush! I am disgusted with the way he has handled his job over the term. Most evrything is out of control and the oil prices will certainly kill any recovery that has happened the past few years in the economy. The gas prices were about $1.20 when Clinton left office.
There has been no attempt to intimidate the oil market by correct verbage. Now it has free reign to escalate rapidly. The problem now is we haven't even seen the worst of the oil prices yet since the charts haven't showed the rapid blow off phase.
So we have rising interest rates to curb inflation that can't be curbed because of rapidly rising fuel costs. On top of that we have a housing market that is cooling that has been feeding the majority of growth. So when this thing goes south what will they do to stimulate???? Ugly!!!!
There has been no attempt to intimidate the oil market by correct verbage. Now it has free reign to escalate rapidly. The problem now is we haven't even seen the worst of the oil prices yet since the charts haven't showed the rapid blow off phase.
So we have rising interest rates to curb inflation that can't be curbed because of rapidly rising fuel costs. On top of that we have a housing market that is cooling that has been feeding the majority of growth. So when this thing goes south what will they do to stimulate???? Ugly!!!!