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Saturday, January 17, 2009


The Perfect Storm of the Economy

This recession is media driven,(Scare tactics) telling everyone lies about how bad everything is in the eyes of the liberal mind rotting, doom and gloom specialists.  This scared the Wall Street people to start doing some profit taking and then the world was showing our paranoid liberal friends the sky is falling which left less confidence in the stock market.  Never mind the liberals were twisting the arms of the banking industry to loan out mortgages to irresponsible trailer trash who can’t pay rent on time let alone pay on a mortgage and keep the power turned on. This sparked the action of the banks to foreclose on the people who were ignorant enough to take adjustable rate mortgages and try to stay in a house which was way more expensive than they could afford if the rate adjusted itself upward and it did just that.

I am blaming the libs for this one.  Auto makers are driven by mandates from the feds to fail by forcing them to sell cars people don’t want to buy.

During the presidential campaign, it was no wonder when Wall Street rallied, Obama was down in his lead at the polls.  When Wall Street was loosing ground by leaps and bounds, Obama was gaining in the polls.

The price of gas went up due the law of supply and demand.  Supply was way down due to a number of things all went wrong at the same time.  RUNNING OUT OF OIL wasn’t one of them.  Aging refineries can’t keep up and the oil companies cannot build new more efficient one due to the environmentalists special interest groups have hog tied our politicians and make it almost impossible to get around all the federal red tape to get these up and running.

Our political majority has held the American people hostage, refusing to legislate laws permitting drilling off shores and I could go on and on. 

By raising the price of gas at the pumps, this reminded the consumer they could tighten their belt, plan their trips and still manage to keep moving using less gas and this raised the supply and lowered the price of a barrel of oil. 

The prices of commodities were going through the roof due to the high energy prices.  Not only the price of producing went up, but transportation cost went up, feed price went up, and then corn and soybeans had pressure driving their costs up when the government decided to subsidize the production of BIO-FUEL such as ethanol and Bio-diesel.

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