Nov 21 2008
Rising Oil Prices Seems So “Last Year”
It’s amazing how much the media focused on oil as prices were going up this past summer and people were exchanging their SUVs for smaller vehicles. The fall in oil is another stimulus to the economy as it keeps more money in your pocket but yet it hardly gets any attention.
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It’s ignored because the same people who pointed out the “failures” of the Bush administration to do anything about rising oil prices would now have to either 1) praise the administration for lowering them (will never happen), or 2) acknowledge that there is a market out there that the administration cannot control. (will never happen).