The news and economists have been saying all along that the housing bubble put us into the recession in 2008. I knew all along that Gas prices did it. Nobody would agree with me.
Its simple math. You take the everage person living week to week like they do, new cars, nice house, expensive spouses taste she has to have.... ok now raise gas 2 dollars more a gallon and fill that Suburban with 50 gallons. Now raise his heating oil ... propane.. nat gas ... diesel ... foods gone up like crazy ... those people are going to be broke very soon ... and they were.
Ok now they lose their job like thousands did now what.
Sure, sure, the banks were doing dirty tricks to give out loans to people who couldnt afford them, but they were doing just fine until GAS suddenly sky rocketed.
Well yesterday Glenn Beck finally admitted it was the price of oil sky rocketing that caused the riple effect in the first place in 08.
Duh, I knew that and I didnt pass 10th grade.
Now them bastids on wall street are messing around again with oil again?
Why would they do this at a time when the whole United states is already in deep trouble??? I dont understand.
Oh wait ... its because we MIGHT have a supply problem with all the fighting going on in the middle east.
Thats BS because we get most our oil from Canada and Mexico.
I really dont get what they are trying to do to our country.
Someone explain please .....