Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!


Contact
Ace:
aceofspadeshq at gee mail.com
Buck:
buck.throckmorton at protonmail.com
CBD:
cbd at cutjibnewsletter.com
joe mannix:
mannix2024 at proton.me
MisHum:
petmorons at gee mail.com
J.J. Sefton:
sefton at cutjibnewsletter.com


Recent Entries
Absent Friends
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups






















« Open Thread/Open Blog | Main | Sheriff Joe Arpaio - Obama's Birth Certificate a Forgery (chad) »
March 01, 2012

Good News! Higher Gas Prices? No Worries, We Can Take It

I've been wondering how the MBM would spin thee rise gas prices to protect Obama and if it's anything like this piece from Daniel Gross, "economics editor at Yahoo! Finance", it's going to be a long, long campaign.

Here's a taste.

..the U.S. economy is better situated to handle higher gas prices than it was last year, four years ago, or ten years ago. The upshot: higher gas prices are going to hurt, and will be painful for many. But they won't torpedo the economy.

For a host of reasons, the world's largest consumer of gasoline is much less likely to be the victim of high gas prices than it was a few years ago. Here's why.

First, compared with 2007 and 2008, corporate and personal balance sheets are in much better shape, and hence better able to absorb rising costs.

...

... the U.S. is a bigger producer of oil than it was a few years ago. Oil consumption is in many ways a zero-sum game: more money spent by consumers on gasoline means more money going into the pockets of oil producers — most of them overseas.

...

...Americans simply drive less, and use less gas, than they used to. Part of that can be ascribed to the fact that employment remains far below the 2007 peak. But on the aggregate, the U.S. economy has figured out how to move more good and people around while driving fewer miles and using less gas.

...

...more people have alternatives to driving than did four years ago. When gas prices rise, ridership of mass transit usually rises in its traditional strongholds like New York, Washington, and Boston. But in the last several years, light rail systems have opened and expanded in many states. And that means more people around the country have alternatives to driving.

...

This is not to say that rising gas prices won't pinch the budgets of many Americans, or that they won't filter into the economy via higher prices for services and fuel surcharges. They will. But given the changing shape of the U.S. economy over the last several years, the damage is likely to be less severe.

I'm not going to Fisk all of this pile of nonsense and Obama talking points because well, there are only so many hours in the day. But think about this:

Who really thinks that personal balance sheets are better off today than they were in 07 and 08?

Higher production...ok, some of us even want more domestic oil production. In fact if some of us ("us" being "not Democrats") had our way 10 years ago, lots more production would be coming online right about...now (according the schedule the liberals gave us ten years ago).

If people could afford it, either because they had more money or gas was cheaper they'd drive more, they always do in good times.

More mass transit? Hey congratulations to those folks in deep blue Democratic cities who won't be hit by higher gas prices but you yokels out in the country? Well good luck with that!

Light rail? Yeah, that's pretty much right out of the Obama State of the Union speech.

So in short, thanks to the miracles that have happened in "the last several years", which just happened to be the same time as Obama has been in office, higher gas prices aren't a problem. Anyone who says otherwise must just be a partisan hack or a racist.

Related enough: Obama gave an energy speech in New Hampshire today (which just happens to be a state he needs in November but it was an official trip so we get to pay for it). He said drilling wasn't the answer because of increasing demand from places like China.

What kind of idiot do you have to be to think that increasing supply isn't a legitimate response to an increase in demand?


digg this
posted by DrewM. at 04:33 PM

| Access Comments




Recent Comments
SFGoth: "Generation lead? As in lead, follow, or get out t ..."

Pixy Misa: "That done, hi Skip! ..."

cam to cam free: "Oh, of program, you can just read the testimonials ..."

Pixy Misa: "Ah, got it. The HTML for that long item broke the ..."

Pixy Misa: "Hang on a tick, blog has gone wonky. ..."

Skip : "If you're hanging around, head upstairs TECH TH ..."

Skip : "G'Day everyone ..."

best video sex: "Really, I believe this is Wonderful and I hope you ..."

sarah hyland sex tape: "And yet, there are such a lot of questions you'll ..."

watch free xxx movie: "On April 29, 2022, Ulrich Møller-Jørgens ..."

https://www.bestfreeliveporn.com/movies/126.html: "In actuality the mind is a tangled mess of agents ..."

Skip : "They don't let you sleep much here ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64