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That depends on whether it works it's way through as a hard stool or gushing diarrhea. It's all about the speed.
Quote:
Originally Posted by tallrick
Wait till inflation kicks in, once the bailout money works its way through the system. Ironically that will be what sends the US economy into great depression version 2.
Looking back it all seems so obvious. .com, housing, commodities and now the final bubble: the whole economy was one big Reagonomics deregulation bubble. The whole house of cards has collapsed and there won't be a quick fix next year, or the year after, or the year after. Imagine if oil goes back up.
yup, socialism now. like in Europe? yup, those Socialist European economies are just fine right now. it's all just dandy. ofcourse now that britain is entering recession, tax revenues are going to go through the roof so there'll be loads to cover the shortfalls that existed during the boom.
yup, socialism now. like in Europe? yup, those Socialist European economies are just fine right now. it's all just dandy. ofcourse now that britain is entering recession, tax revenues are going to go through the roof so there'll be loads to cover the shortfalls that existed during the boom.
interesting so many soap operas being played now i feel like i am at an audition. the stage is overflowing,
the actors are all auditioning for victim parts they all singing loud & off key. i suspect there is not a real victim in the entire theatre. they are all rich people every one.
they are showing up for the auditions in private jets.
If?? I think you can rest easy on this one. Oil will definitely go back up.
In the meantime, high oil prices will stop being a daily crisis and will drop off the radar screen of pontificating politicos and Americans will slumber peacefully, continuing to not prepare for the next energy panic--which will come. Then everyone will scramble madly again wondering what to do what to do.
Instead of investing in public transportation now --streetcars, trains, subways, rail--in preparation for the return of high oil prices, the government is going to hand billions (or trillions) to the companies that make the cars that need all the gas and oil.
This may be one of the most squandered opportunities in the history of American government to date.
the government urged americans to drive less in order to save fuel, so we did, to the tune of 90 billion less miles driven during over an 11-months period. Now we find out that all that time, the Department of Transportation (DOT) was "secretly hoping" americans would really drive more, in order to finance needed road and bridge projects. Seems our 90 billion miles not driven equated to a $3 billion loss in the Federal Highway Trust Fund.
the government urged americans to drive less in order to save fuel, so we did, to the tune of 90 billion less miles driven during over an 11-months period. Now we find out that all that time, the Department of Transportation (DOT) was "secretly hoping" americans would really drive more, in order to finance needed road and bridge projects. Seems our 90 billion miles not driven equated to a $3 billion loss in the Federal Highway Trust Fund.
there are hidden taxes everywhere in america.
This is one of the reasons why there may be no hope of emerging from the bubble soon: already the incoming administration is talking about a stimulus package based on further consumption subsidies and roads and bridges (so we can consume more oil and gas) - they call that infrastructure -, and of course the Big 3 are all over this.
To be fair, there is some mention of investment in "green" technologies, but it seems like an afterthought, not the centerpiece of a plan.
Where is the high speed railway trust fund, where is the nuclear power plant investment trust fund, for example?
Corrupt idiots with tunnel vision are in charge of resource-allocation decisions.
Yeah..roads and bridges will just support the "gas" economy which is not where we should be going.
Yes, we should build a bunch of subways and trains nobody will ever use. This isn't Europe.
Cars don't need to run on gasoline there are a variety of alternatives that exist today and will be even better by the time the additionally infrastructure is built.
Getting people to use electric, fuel cell etc automobiles is going to be much easier than getting them to dramatically change their lifestyles and start using public transit.
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