It's funny how one thing is tied to one another, but both the oil crisis and the housing slump, can be attributed to a failed foreign policy. A looming oil crisis is adding to the deteriorating housing market in the United States, and causing the recession and inflation pressures.
Today's consumer reports indicates that consumers will pay $4 gallon for gas by Memorial Day and consumer prices rose 0.4 percent, excluding food and energy climbing 0.3 percent (since 2006); according to the latest labor department reports. Builders started work on 1,012 million homes (nationwide), at a 16-year low, falling 3% (according to the median forecast). Finally worth noting, the United States is the biggest economy in the world where 97% of its US transport is dependent upon oil.
Folks, in a very important election year (2008), I think it's very important that the American people hold our legislators feet to the fire; to determine how we get out of this big MESS that affects fuel, food, economy, housing, war etc.
No comments:
Post a Comment