OPEC, don't they set the base for the prices of oil by the Barrel? But doesn't the U.S. have a reserve of oil to last us 5(i think its that many) years?
Anyways, I'm gonna throw in my 2Cents...
I dislike Bush, A lot. Simply said. I feel he has been the puppet for many greedy people in politics. He isn't a very bright man. He can't do a lot of things that the United States president should be able to do, on his own. I think he should have been out of office by now. I don't know how he got reelected. I think he has a big part in economic crisis we're in right now. But at the same time, a large part of the economic crisis also has to do with the Real Estate being played out(simply said). I recently went to a business meeting and they laid it out like this:
The Baby Boomers are the single target age range for the majority of products right now. Why? Because this one 13year(i think) age range is 1/6th of the worlds/U.S.(cant remember) population. If you advertise your product for this one age range(what ever it is depending on the year) then you are advertising for 1/6 of the population. Remember G.I. Joe? When was the most popular? Now think of all those millions of people, they all grew up and wanted to purchase their own home. Around the time when they are old enough(with a steady job) they purchased a house. When 1/6th of the population buys a house, there is more supply then demand, therefor, more money to be spent on houses, building land, ect. and the Real Estate market exploded. Now The Majority of those Baby Boomers own/ed a house and look what is happening to the Real Estate market. Need more be said?
Its just part of the way the world works. But it sill can be influenced to have a lesser impact on the economy.
/Rant
~TDR




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