I didn't know the last one was over....The Tipping Point.Of the six US recessions since 1970, all but the "9-11 year 2001 recession" have been linked to—of not triggered by—energy prices that crossed the 6 percent of personal consumption expenditures, he said. (During the shallow 2001 recession, energy prices had risen to about 5 percent of spending, which is higher than the long-term 4 percent share.)
So it now costs me $4.00 to get my $5.00 corn flakes.Barry, Nancy, and Harry spent how many trillions of dollars to fix the "Great Recession"?What a losing, lying bunch of leftist loonies....
The last time we hit $4.00 gas, the entire economy went south.
And most think it will get there again.(Rasmussen)- Nearly nine-out-of-10 Americans say they are paying more for gas than they were last summer and expect to pay even more six months from now. Most say $4-a-gallon gas is likely by July 1.
A new Rasmussen Reports national telephone survey finds that 87% of Adults say they are paying more for gas than they were six months ago. At the end of August, just 40% said the same. Only one percent (1%) say they are paying less for gas now, while nine percent (9%) say they’re spending about the same amount.
Throw some $150.00 a barrel oil on and its a guarantee of another economic downturn.The gas master in chief has already shown us his mastery at the gas pump.
