Sunday, February 5, 2012

Rising fuel prices = slow economic recovery

And finally Gripe #12 from the Saturday 02/04/2012 Wisconsin State Journal:

Rising fuel prices = slow economic recovery

And finally from the It's time to nationalize it file: Headline: "Good hiring news fuels jump in oil prices" Am I the only simpleton that sees this as a catch-22? The rising cost of oil equals: higher heating costs, higher transportation costs, higher grocery costs. Hmmm. Pretty much everything will go up in price. And when everything goes up in price (and wages are stagnant) people have less money to spend on non-essentials. Which means less money in the economy. Which means fewer jobs. Which means less spending. Which means...well you get the picture...a greater depression.

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