Posted: 29 Apr 2008 06:32 am
Post Subject: Poor management Read Article
The spike in gasoline prices is due to the declining value of the dollar. It is estimated that 1/3 of the price we pay at the pump is becuase where the a euro cost .94 in 2000, today it takes 1.55 to buy a Euro.
When the dollar loses value it takes more dollars to buy oil and produce gasoline. This declining dollar is a direct result of the budget deficits brought on by the Bush tax cuts and increased out of control spending.
The inability by the Federal reserve to raise rates now, thus strengthing the dollar is a direct result of the mortgage crisis. The mortgage crisis was brought on by a failure of government oversight and corporate greed.
The net result is that the tax cuts enacted by the Bush administration have been lost due to higher costs of essentials such as food, gas, utilities.
Conclusion: Some government oversight is neccessary to prevent corporate greed from completely destroying our way of life.
Posted: 29 Apr 2008 11:12 am
Post Subject: Re: Poor management
Bill: Why do you always blame Bush for all the evil in your life? He is not the only reason why gas is so high. There are other things that have contributed to this mess.
Have the oil companies made a lot of money? Sure. That point can’t be denied. But the overhead — the cost of R&D, the cost of surveys, and of drilling — takes a lot more of the money than people realize. These “record” profits are also helping the companies drill areas that were unreachable before: They can afford to find ways to reach into deeper waters and other hard-to-reach places (except Alaska, heh). They can lease more rigs to drill, maybe even build their own. And the shortage of personnel in the industry right now (especially engineers) also means that manpower is at a premium, too.
Perhaps if we instituted a windfall profits tax on non-necessary entertainment companies, perhaps they would be more careful about what they are actually producing and generate less mindless crap for us to watch. Not to mention it would drive some of them out of business.
This administration is not the sole reason we are in this tight spot - you can also blame the Congress and the Federal Reserve for letting the dollar slip in power. Bush is only partly to blame for this. This is the ONE issue I have with Bush and I am not happy either but no administration has tried to find other fuel resources. They are to blame also.
Also Americans overall do not want to give up their driving habits. We don't want to be inconvienced.
Posted: 29 Apr 2008 11:57 am
Post Subject: Re: Poor management
Mr. Pelland, Well, your reasoning sounds good, but let's look a little deeper. How much oil do you really think we get from the European Union??? Have you noticed what has happened in America? In the last 10 years we have become a "disposable" society. We wanted cheaper consumables, and that is what we got "cheap crap." I can remember the day when the large retailers were proud to offer products "Made in the USA." Now, because of OUR demand, I dare you to find a product on the shelf not made in China. You may be asking, what does China have to do with anything? Well, it is quite simple really. Their economy is booming, thanks to all the money WE have pumped into their economy. They can provide products cheaper than the rest of the world because they have no environmental controls (they are also the biggest problem when it comes to global warming) and their factory wages are so much lower than American's. They are now competing with the US for lumber, steel, concrete, and yes...OIL. This is directly the reason for the spike in Oil prices which effects gasoline and diesel. This is also the case in concrete, lumber, and steel. Noticed how it is more expensive to build a house than buy one lately? I am tired of reading how the Bush administration is responsible for this. This is ignorant reasoning. Another example of how we, as a society, have to blame someone or something else. We are never at fault. Fact is, we are. We, again, as a society, wanted more for less when it came to our homes. So the mortgage industry came up with a product WE ASKED FOR so we could buy homes we couldn't afford. Again, let's blame Bush. If you want to get technical, most of our downfall can be linked to time when Clinton was in office, but I don't blame him for it. This is the fault of the American middle class trying to live beyond their means. Now we are all paying for it.
FAQ
Search Forums
Log in
Register
Hometown Hero Frank Fields
re: run bill run
re: run bill run
Re: Poor management
Re: Poor management
Re: Poor management
Re: Poor management
Re: Poor management