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Hey everyone, just wanted to open up a wide discussion on our economy here in ... Stackers' Lounge forum

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    U.S Economy and your thoughts...

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    Hey everyone, just wanted to open up a wide discussion on our economy here in the U.S.

    Me personally I just got my economic stim check, neverwanted it, did help me put some money towards bills but that's it. Prices are sky rocketing, when a $1.00 bag of chocolate is now $4.00 its redicilus.

    Not to mention gas... But ill pay for gas if the markets go back up. I hate loosing all my money and not being able to invest more...

    Now what are your thoughts and issues/stories/concerns?
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    Its a bunch of bull S!%t! I just got my first car when has hit 4.50 a gallon. That's my whole paycheck that I pay on gas. I can't even afford insurance!

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    maz94protege's Avatar
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    I hear that, 2 Cars full coverage w/ 2 car payments, rent, utilities, food... it all adds up!! time to buy a scooter.... lol
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    The way I see it is that these big companies and the "higher class" in the US are destroying the middle class. Either you are rich, or you are poor. I left the military two years ago, and I cannot get a job working as an aviation electrician technician because of airline cutbacks. Instead I work at a Ford dealership, at about a 50% salary cut.
    "The dumber people think you are, the more suprised they will be when you kill them"


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    Yeah I think its time to get a motorcycle and ride it again! Hard to do in sales(my job)~via BB (wap.pinstack.com)~

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    Where can I buy a bike? Lol, maybe I will buy a natural gas powered car. I hear that's like, 10 cents a gallon!

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    btw just bought gas for 3.79 a gal.
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    What is there we can do!? Its all on bush. He has been concentrating too much on Iraq. The problem is that we can't just walk out there, we need to finish what we started.

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    It's time for a change, let's hope it's not too late. I mean rising gas prices, the US dollar losing value, a war with no direction....*shrugs shoulders*
    "I'd be a fool to think that the gods aren't at work."
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    Now which of our pres. choices will bring change?

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    I can only say that I hope this time around the popular vote will match the electoral. If not be prepared to hear the word "insurgents" for the next 100 years. I don't see an end to the high price of oil any time soon. Regardless of who takes office. We need new sources and maybe that old cliché everything happens for a reason fits this scenario. Global warming is real. That's my two cents :-)

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    Just like the coldwar, the next country that finds a solution to a new power source, I believe, will become the most powerful country, let's hope that the U.S. Starts to get there head in the game.

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    Get used to high oil prices. It ain't Bush's fault, as much as the media would have you believe that. We can definitely have a debate over his foreign policy gaffes in another thread, but Oil prices isn't something he controls.

    We now have the two most populous countries in the world suddenly realizing that they can buy cars and build power plants, too. China and India are major players now in the Energy Markets, and that is not going to change.

    Oil has been a deflationary commodity since 1980. Meaning two things: One, there was no profit in oil for the last 28 years, so Oil companies have not been able to spend much more than the bare minimum to maintain their refineries. No extra money has been available for exploration, drilling new wells, and building new refineries. Compound that with most local governments having a fit any time someone wants a new refinery (which provides more jobs, but hey, who needs those) and we have a definite supply issue. When there is much demand, and low supply, prices rise. Now that Oil is trading at prices we haven't seen in 28 years, its now profitable to drill, explore, and build. The second thing it means is we've had it way too good for way too long. Essentially, we should have been paying $4 a gallon 5-10 years ago. That kind of price level would have encouraged a lot of changes in our society: Less urban sprawl, smaller, more fuel efficient cars, alternative transportation systems, and so on. Many of the things that are starting to happen today.

    The dollar is weak because Fed Monetary policy for 7 years has been very accomodative. (i.e. low rates). When you release that much money into the system, and it has no risk attached to using it (when it doesn't cost you anything to borrow it, you don't worry too much about how you invest it) you get what we have seen in the mortgage markets and in the devaluing of the dollar against other currencies. Again, supply and demand kicks in. This time its oversupply of dollars, which reduces the value of it.

    Hopefully that wasn't too complicated. But hopefully it was just complicated enough to make people realize that one person (the President) can't change it by himself.
    Last edited by LaTuFu; 07-04-2008 at 04:54 PM.
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    First off, agreed. Secondly I certainly hope my post did not come across as presidential blame for high oil prices. That was not intended to be implied what so ever. I think a majority of Americans are willing to accept that our current president was not the best to say the least. With the exception of the few avid bush supporters. This of course can all be considered just personal opinion as I have no real facts to back this up at least not in numbers or on paper. That being said, I only meant to casually put out there who I am voting for without actually coming out and saying it. Anyways I feel as though I'm rambling so ill cut right to it. High prices on oil are over due and as hard as it is in the pocket (and believe me I know because I'm far from rich and barely making middle class) we needed something to press us to find other resources. With that I conclude. Have a fabulous day and hey Happy fourth of July!

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