General Discussion Undecided where to post - do it here. |
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#1 |
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To moderate the alarmism the rate of inflation on things other then food and energy has remained fairly low though the reality is Americans must also pay for food & energy. It's just a question of when higher energy costs will translate into higher prices. Companies can't continue taking the hit for ever and will have to pass costs on to consumers eventually.
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#2 |
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The three big problems are rising energy costs, rising food costs, and the subprime mortgage crisis. I'd say current government policy or failures to correct known problems are exactly the cause. Did Bush move to increase CAFE standards until the Democrats took over Congress? Would higher CAFE standards and energy conservation standards have helped to reduce demand? An unqualified yes. Using corn to produce ethanol actually consumes more oil then it offsets yet Bush & the Republicans insist on tariffing the hell out of foreign sugar & foreign made ethanol. Would lowering those tariffs increase the supply of both ethanol and food? Another unqualified yes. Was the subprime loan crisis the direct result of Bush & Co refusing to take well documented and know needs for greater regulation and transparency in the lending markets? Yet another unqualified yes.
This falls squarely into Bush's lap. |
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#3 |
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#4 |
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#5 |
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The three big problems are rising energy costs, rising food costs, and the subprime mortgage crisis. I'd say current government policy or failures to correct known problems are exactly the cause. Did Bush move to increase CAFE standards until the Democrats took over Congress? Would higher CAFE standards and energy conservation standards have helped to reduce demand? An unqualified yes. Using corn to produce ethanol actually consumes more oil then it offsets yet Bush & the Republicans insist on tariffing the hell out of foreign sugar & foreign made ethanol. Would lowering those tariffs increase the supply of both ethanol and food? Another unqualified yes. Was the subprime loan crisis the direct result of Bush & Co refusing to take well documented and know needs for greater regulation and transparency in the lending markets? Yet another unqualified yes.
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#14 |
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Originally posted by DinoDoc
Laughing at Oerdin blaming the global price of oil which is determined by global demand on Bush? Yeah...well apparently. I thought 48" pizzas had just as much to do with the price of oil as Bush does. So, isn't it really a discussion on the media and the way they choose to report things? And...isn't the media so related to the internet these days that the two could be really be called one? And, if the internet is responsible, then doesn't Apolyton bear some responsibility for things here? And if Apolyton is responsible, then isn't Ming really to blame here? Well! I, for one, will not let Ming spam the good name of this thread in clear conscience! /me walks out of thread in disgust! (okay...so I watched an Animal House rerun last night...) |
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#15 |
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#18 |
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#19 |
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Originally posted by Ben Kenobi
I'm sure Bush has been trying damn hard for 7 years to get stagflation and only now has he succeeded in his long awaited goal. More like the US economy was robust enough to delay the natural consequences of his policy decisions. The problem is eventually it caught up to him. |
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