Strongly agree. OIl affects just about anything used by modern civilization. Tires, plastics, generation of electricity, transportation, manufacturing, the list is endless.
The folks who say relative to other inflation its still cheap are academically correct BUT in the real world, fuel has doubled over the last two years or less.
When I pay at the pump, its not in academic dollars, its in real dollars. The same applies to everyone else using fuel.
In this country right now, illusion is truth. As I said before, if rebuilding whole cities and government spending was good for the economy, then we should not wait for more natural disasters. We should have man made disasters. More government spending means this country falls deeper into the debt hole. Being a hugely debtor nation is NOT good. We are financed by foreign countries buying our bonds. There will be a huge price to pay for that in the future. Politicians sell out the American people every day. What's sadder is we allow it. As long as we can get new cars and other toys for cheap because our house is worth an inflated value we aren't caring about the natural consequences of the politicians foolish policies. The Federal Reserve is a very powerful group of private bankers and should not be able to run the economy. LAISSEZ FAIRE!
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