[quote=poorsaver]Breeze, you may be right for the long term, but short term there’s definitely a lot of pain being inflicted on Jo6P with higher oil. Not only gas prices, which are up 50 percent YTD, on top of being up 50 percent for 2007, but the inevitable inflation of goods that go hand and hand with higher oil. I’m not sure if the average citizen can survive financially until we ultimately make the transition to a life independent of oil.[/quote]
I don’ think he really cares much about J6p. He say he wants to tax the rich to help the poor. But then he turns around and get ecstatic when oil goes through the roof. My read on that is, he wants to tax the rich so HE can benefit and he wants oil price to go through the roof so HE can benefit. But little does he know, the J6p is already stretched thin. Doubling in gas price will, IMHO, be the straw that’ll break the camel’s back. He doesn’t seem to understand that we all are interconnected. Since J6p will be worrying about jobs and an ever increasing cost of living, they’ll buy less stuff, which will then affect the tech/retail/automobile/etc industries. Economically, we’re between a rock and a hard place right now. I don’t think there’s an easy fix for this problem. But parabolic rise in energy cost will only exacerbate the problem.
