There are multiple problems with the economy, not just fuel prices. Not a true recession, but a loss of wealth (mostly equity in our homes). With tighter lending standards and no more equity to tap, we all have less $$$ to spend. The economy actually grew last quarter (although not by much, but did not decline). So in reality our standard of living may have declined, and we are probably a bit poorer than we were, and yes it sucks, but thats the facts.
Higher fuel prices are here to stay is my guess (and think of it this way, basically equivalent to a big tax increase). So we need to stop complaining about it, pointing fingers and just suck it up and get used to living a bit lower standard of living! Just be happy that we don't live on many other parts of the world where gas or taxes are even more expensive than here. And btw, last I checked, the #1 oil importer to the US is canada.
And regardless of what any politician says or does, when your $$$ goes up in smoke like the lost equity and paying more for gas, food, etc. the government can't necessarily bring it back or do much about it.
All these bandaid plans do is delay the inevitable in dealing with reality, and ultimately backfire, we either see higher inflation, wasting $$$ or both(how far is our country in debt this year alone)?
just my .02
'04 Coachmen Mirada 300QB
DH & DW
DS & DD
2 dogs
