Think again.Don't let the hysteria cause you to buy in to the Doom and Gloom nonsense.
Mark Perry has the analysis.
Key point:
"For gas to reach a record high as a percent of per-capita disposable income, it would have to sell today for about $5.50 per gallon to reach 14.90% of per-capita disposable income, like it did in March of 1981, when gas sold for $1.42 per gallon, and per-capita disposable income was only $9,500."
Bubbanear:
ReplyDeleteI get what you're trying to say, but I don't think you're going to get very far if your point is that gas prices aren't hurting people today. Right now. Because they are. Facts, figures, numbers... they're great. But people are hurting. And one of the reasons is the price of a tank of gasoline. Ask your boy Sykes if you don't believe me.
-- Brian Clarey
"But people are hurting. And one of the reasons is the price of a tank of gasoline."
ReplyDeleteAnd WHY might that be the case, given the fact that the true cost of this commodity is nowhere near the historic high?
WHY was the relatively high cost of gasoline NEVER talked about in the apocalyptic manner of today during the malaise of the Carter years when it was a HUGE burden?
Bubba, you know WHY we don't hear anything but negative news...because it's GEORGE BUSH'S fault!! Yes!! Everything is George Bush's fault!!
ReplyDeleteWe rely on the mainstream media to tell us what and how to think, and they hate Bush/Republicans and love Obama. So any little thing that can be mis-represented as damaging to the Republicans will be presented as such, whether it's factual or not.
Jaycee, you totally missed Brian's point. Your side is going to get dismissed as cranks if your complaint is that gas prices aren't that high--that we just think they are because of the "liberal" media.
ReplyDeleteBut have at it, let's see how "It's not that bad" works as a campaign slogan.