1$/gal. gasoline? Maybe, but what does it mean really?

[oldpilgrim]

Plus these low prices are creating havoc on peoples 401k accounts. Since the beginning of this year my retirement account has lost almost 10% and that's even with medium risk funds.

I'm sure there are lots of people who love contributing to your retirement.

 

[houstonscott]

Exactly. Obama and Kerry are putting a leash on Putin's military adventurism while negotiating a huge boost to the American economy. It was well done, and the only people getting hurt and the ones who have $billions in their pockets anyway. Putting Iran back on the world oil market is going to slam Russia for a long time. So much for Putin's dream of rebuilding the Soviet Empire. He'll be dead and out of power before he has two rubles to rub together.

Problem with your thought process is, Putin is not going to nuke you, Iran will.... Second Obama Kerry are not smart enough to do anything but react, it's Putin who's put Obama on the leash... HS

 

[Beltzington]

One result is states dependent on oil for jobs and tax base are running out of funds. Ironically these states who are typically republican and supposedly anti-big government will now be asking big government for subsidies. Just like the banking and auto industry everyone is a capitalist until they are on the food line. Sorry, I can't stand the hypocrisy and having to hear Sarah Palin on the news tonight set me off.

 

[davesl708]

One result is states dependent on oil for jobs and tax base are running out of funds. Ironically these states who are typically republican and supposedly anti-big government will now be asking big government for subsidies. Just like the banking and auto industry everyone is a capitalist until they are on the food line. Sorry, I can't stand the hypocrisy and having to hear Sarah Palin on the news tonight set me off.

Yeah we need to do like the welfare states. Run up all the gravy spending and pass it on to the next four generations to pay. Why pay for it ourselves when we can pass it on to our grandkids and great grandkids.

I would bet all the liberal spending would come to a halt if it had to be paid for here and now. No debt spending, if you want it write the check now. Adjust taxes to meet each budget.

 

[Beltzington]

Yep - A friend of mine commented if we all had to write a check every week for what we pay in taxes most folks would be a bit more critical as to what services the government should provide. I vote we start with the big welfare packages, Medicare and Social security, once the recipient has received their contributions plus 10% compounded yearly they should stop receiving distributions. Painful but glass houses and stones.

 

[davesl708]

Yep - A friend of mine commented if we all had to write a check every week for what we pay in taxes most folks would be a bit more critical as to what services the government should provide. I vote we start with the big welfare packages, Medicare and Social security, once the recipient has received their contributions plus 10% compounded yearly they should stop receiving distributions. Painful but glass houses and stones.

And when people go on welfare they get it for five years and no added funds for additional kids. Also if your parents were on welfare you cannot get it.
That would stop the 3 and 4 generation welfare recipients. Nothing for criminals living here either.

 

[John White]

Part of it is the mentality that has been drilled into peoples mind over the last 50 years. No values, no right or wrong. I've got rights and I am goanna make you pay for it, attitude. I grew up in a different generation and my Dad was dead set against accepting free hand outs. People now don't know what poverty is. I grew up in poverty but it made me a better person. I believe in the old saying "if you don't work, you don't eat". If you don't believe me, just stop at the next person you see standing on the street corner with a sign "help, hungry, homeless" . Tell him you have a few hours of work and if he will help you, you will give him a hot meal. See what he says. A big middle finger. Neighbor has 6 kids on welfare and wants free lunches at school. Wont work when offered work. Now we have kids and politicians wanting free college, and it's their right. When I went to grade school, my Dad taught me I had no rights, only a privilege. He taught me if some one else was taxed so I could go to school and get a education, it was a privilege and I had better use the chance and better myself. If was a gift from some else who worked, had money taken from the fruits of his labor to help me. We were raised to respect authority, country and thank God every day we were born in America. Now govt. is trying to make it mandatory you pay some kid $15 a hour to flip burgers, and if you go in and your bill if $15.30 for a burger and you give him a $20 bill and .30 . It totally blows his mind because he doesn't have enough sense just to give you $5. back. Has to ask manager how to make change. What I can't figure out if they want $15 a hour. Why don't they round up all the other govt. educated kids and get investors and start their own business and pay $20 a hour instead of $15.

 

[buickanddeere]

$1.00 gasoline may reduce the sales of new diesel light trucks .

 

[davesl708]

$1.00 gasoline may reduce the sales of new diesel light trucks .

Definitely a possibility. Hopefully diesel prices will come down to match gas prices.

 

[davesl708]

$1.00 gasoline may reduce the sales of new diesel light trucks .

Definitely a possibility. Hopefully diesel prices will come down to match gas prices.