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come on repukes
please tell us how this is good for the economy

ha ha h a h ahh ah ha ha

2007-03-19 20:38:01 · 8 answers · asked by WMD LIEr W 1 in Politics & Government Politics

8 answers

It sure helps the Bush/Bin Laden partnership.

2007-03-19 21:06:04 · answer #1 · answered by Anonymous · 0 2

At some point, Americans will realize why gas prices increase whenever there is high government deficit spending.
Everyone knows the US when off the gold standard in 1971. But, nobody understands that oil replaced the gold standard as the US dollar's support.
Our currency has to be backed up by something, otherwise its just fiat. In 1971, Nixon struck a deal with OPEC in which all OPEC members would demand payment for oil on the international market with US dollars. This oil trade plus US exports creates a demand for dollars on the international currency market. Foreign countries must buy dollars to buy product. This demand for dollars creates the value of the dollar.
Problems occur with this system whenever the US government spends more money then it collects in taxes. This puts more dollars into circulation than the economy and the oil trade generates. The worthless money the government puts into circulation dilutes the value of the currency. When the dollar devalues, the price of oil on the international market increases. Whenever the value of the dollar increases, the price of oil goes down.
This is the effects of inflation. Haven't you wondered why oil is the only commodity increasing in price? Bush has put about $9 trillion of worthless money into circulation in 6 years. He has increased the money supply by about 26% with worthless money. Connect the dots and see how much gas prices have increased in 6 years.
To answer your question, high gas prices are not good for the economy. High gas prices are a sign that the government is recklessly spending money.

2007-03-20 01:53:01 · answer #2 · answered by Overt Operative 6 · 0 1

because the rule the entire planet I guess.

Why do so many people think gas prices are controlled within the US? most of the price has already been determined before the oil gets to our shores.

I would say OPEC has way more power over gas prices then anyone in our government. It is not America driving prices up our oil use is barley increasing it is the developing rest of the world. The more people who want oil the higher the price goes.

You know supply and demand even a high school kid should understand that.

2007-03-19 20:47:45 · answer #3 · answered by thatoneguy 4 · 1 0

If Obama wins, the Democrats might take care of the presidency and each and each the senate and house of representatives. the fantastic time that befell became as quickly as for the dimensions of Jimmy Carter. Do you quite prefer that yet again? additionally, Obama is amazingly liberal. invoice Clinton is a miles in direction of a conservative Democrat or a minimum of average. it incredibly is a huge substitute. Any nicely that befell for the dimensions of invoice's presidency became as quickly as pondering that there became as quickly as a fiscally conservative Democrat in place of work, the Republicans controlled Congress, and there's a huge tech develop interior the middle. No quantity of desire and alter will furnish that develop returned with Obama in place of work. in spite of the party, we'd like a number of one interior the white house it incredibly is fiscally conservative. no longer something has a probability to tutor the rustic around.

2016-10-01 05:19:48 · answer #4 · answered by barnell 4 · 0 0

Oh you don't have to worry about it now that Nancy and Her Boys are in power. They promised to take care of everthing for you. So why not just turn your paycheck over to them and let them feed, cloth and give you a house with a big screen tv. All paid for by the government.What more could you want out of life?

2007-03-19 22:08:25 · answer #5 · answered by dottygoatbeagle 3 · 0 0

Politics doesn't dictate gas prices Oh MENSA member you, futures does, learn something about capitalism.

PS. And you realy are a MENSA member arent you LOLOL

2007-03-19 20:44:40 · answer #6 · answered by Anonymous · 1 2

They will say, YES! We all know that it is price gouging. All you have to do is look at their RECORD profits and corp. welfare to know that it is! FOLLOW THE MONEY!

2007-03-19 20:53:45 · answer #7 · answered by hera 4 · 1 2

owning oil stocks.

2007-03-19 20:41:13 · answer #8 · answered by revjohnfmcfuddpucker 4 · 1 2

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