I read an article about the new
expanding economy and was amazed to see an earlier theory of mine confirmed.
The article reported that Americans have about 100 billion extra dollars to
spend now that gas prices are going down. This was when gas prices were around
$3.00 a gallon.
It proved what I've maintained
since the economic cratering apocalypse: Everything was running along smoothly
'til the gas price surge triggered the implosion.
Sure, there were a lot if marginal
mortgages. Sure, there were a lot of folks borrowing beyond their means. And
sure, there was a huge vulnerable mass of tissue paper mortgage derivatives
ready to burst into flames at the strike of a mismatch.
But it can certainly be argued that
it was the extra straw on the back burden placed on every camel household and
business by obscenely high gas prices that really combusted the conflagration.
Now if the oil cartel can hold off
long enough to give us a good head start maybe we can pick up on lost time a
little before they trigger then next oilpocalypse.
And if the stock market Chicken
Littles realize lower energy costs boost every
other sector of the
economy and don’t totally crash the Dow.
With an extra 100 to 200 billion
stuffing consumers' pockets and stimulating the economy, we can get back to our
normal spend 'til we're almost broke habits, and manufacturers can make more,
and if they're smart, start paying laborers instead of stock holders more, and
maybe that money will get circulating into a boom again.
Still, we did burn less gas while
it cost so much, so maybe the oil folks helped slow global warming just a
touch. While they sent the rest of us down in flames.
America, ya gotta love it.
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