Anyone else notice that gas prices are creeping toward 2 bucks again and going up? Does anyone in Washington or Wall Street not realize that the economy and housing market all started to go downhill when the gas prices started going up insanely? People had to pay for it so they could go to work. Couldn’t pay anything else, including mortgages and credit card payments. Other sectors costs increased and pushed that on the consumer (ie groceries) so people were spending more there. More defaults and more foreclosures. Banks lose money again, government bail outs increase.
That also made people cut back on other spending and thus other companies had to cut jobs. Basically it’s this formula.
Rising Gas Prices = more foreclosures + not paying payments on other creditors + higher costs on groceries + missing other payments + banks going broke again + more government bail outs.
If a country radio dj in Des Moines, Iowa can also see this, why can’t our elected officials? HELLO! Dumbasses! If you want see America get back to where it was, there needs to be something done on fuel prices.
I can’t believe we are going to go through this crap again this summer, 1 year later. Did no one learn a damn thing?
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