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Price of oil will kill Bush's chances.

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MikeG Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 10:31 AM
Original message
Price of oil will kill Bush's chances.
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i_c_a_White_Ghost Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 10:31 AM
Response to Original message
1. Yup 2 bucks has a way of pissing me off
Edited on Mon Oct-18-04 10:32 AM by LiberalStance
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AndyTiedye Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 12:06 PM
Response to Reply #1
10. Where Are You Getting it for $2 still?
It's going up so fast in CA it will probably break $3 by election day.
$2.46 last weekend. The station across the street was $2.64.
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rkc3 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 10:32 AM
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2. Oil is only up 90% since he took office. That's not that much.
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durablend Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 10:36 AM
Response to Reply #2
3. Yep...they're saying we shouldn't notice anything...
Until it goes above $75, then maybe an eensy-weensy hit in the economy (but not much).

(and if you believe that, I've got GWB's REAL medical records to sell you)
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rkc3 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 10:54 AM
Response to Reply #3
7. At $2.09 a gallon I hardly noticed it cost $35.00 to fill up today.
How dumb do they think we are?

The repubs logic is stifling. High oil prices won't have an impact on the economy. Terrorists are stepping up their assaults because we've got them cornered. All high prices are associated with frivolous lawsuits. Kerry is too smart to be president.

When will it end?
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Village Idiot Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 10:48 AM
Response to Original message
4. The incredibly weird thing is...
That while oil has gone up 90% over 4 years, where has all the federal tax revenue from gasoline sales gone? I have never heard an explanation...the price doubles, but the deficit continues to increase...WTF???
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maxsolomon Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 10:50 AM
Response to Reply #4
5. consumption drops
wait... no it doesn't.

keep building those suburbs, america!
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rkc3 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 10:55 AM
Response to Reply #4
8. The tax remains the same - it is not tied to the price of oil.
And the oil companies probably don't pay that much in taxes anyway, so we can't look for add'l revenues there.
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cliss Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 10:52 AM
Response to Original message
6. I am inclined to
agree with you. Regardless of how cozy Bush is in bed with the oil companies, a rise in the price of oil is devastating to the economy. I think that for every 5c increase per gallon, the economy loses $______ (I'm not sure of the figure, but it's a lot).

Sorry Bush, it looks like the stars are against you.
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i_c_a_White_Ghost Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 10:57 AM
Response to Original message
9. It's like a back door tax
out our tail pipes.
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