Low gas prices bad for the economy???

Ha ha. This is funny. Bush can't win? First of all, what does Bush have to do with gas prices? And where does that story--which is pointing out an economic truth--lay any blame on "Bush"? He's not even mentioned in the article.

If you want to talk about things that Bush has affected, though, I'll oblige. And since the topic of the day is inflation, why don't we start with MASSIVE deficit spending? This administration turned a $200 billion surplus into a record $400 billion deficit in only four years. There's a talent! This year, we are "only" looking at a $300 billion deficit. Not sure if we should be patting ourselves on the back or slitting our wrists. We've created a mess that is going to sink our economy. It's just a matter of when.

The whole reason we are staring at inflationary pressure is that deficit spending. The economy can easily survive fluctuations in energy prices--all things being equal. When bad government fiscal policy has us on the edge of an inflation problem, energy prices get magnified in importance.

 

Well, go back and look at those threads. I have been pretty active on all of those threads pointing out the economic realities of gas prices. A limited supply commodity with heavy demand which is increasing due to increases in worldwide demand. I pretty much shouted my head off at anyone who blamed Bush. Anything in short supply that is under heavy demand is going to be expensive.

But I didn't see anyone in the article you posted blaming Bush for anything, so I am not buying the premise of your thread. I did see a story about how the dramatic reduction in gas prices might trigger inflation. And since massive deficit spending has a cloud of inflation hanging over our heads--and you were the one who brought up Bush--I thought my response was fair.

How do you feel about the fact that we are setting records for deficit spending and the economic problems that loom because of it? Or the fact that China owns a good chunk of America, thanks to Bush's fiscal management?

 

Ah. Now that you have gotten your finger pointing out of the way (and, honestly, I'm certainly not the "liberal" enemy), wanna have an intelligent conversation? Why is our economy under a cloud of inflationary pressure?

 

Jeez. You all are so eager to find boogymen! You are acting no differently than any idiot who blamed Bush for high gas prices. You are being irrational. That story would absolutely have been written if Clinton was president. The people quoted in the story are bank and brokerage economists. They don't give a shit about political parties. They try to advise people about how to invest their money. The conclussions they are coming to about the possible inflationary effects of a sudden decrease in gas prices are an example of how REASONABLE people, who use their heads instead of their jerking knee, approach macro financial issues. Get over it, folks.