Reply to a comment

Reply to this comment

concernedmom writes:

in response to America_First:


One of the "Big" things that happened prior to the economic meltdown, that is rarely mentioned in any media, was the increase in gas/fuel prices?

"Oklahoma City , OK – April 7, 2008,Truckers in Florida are taking a stance against the continuing rise in the cost of diesel fuel. With costs at a record high of nearly $4 per gallon, truckers are taking a pro-active approach in sending a message of disapproval. Many truckers lined their Big Rigs across highways and began reducing speed causing traffic to slow. They also planned a strike in the next few days."

The rise in fuel prices is a double whammy.
1. It takes billions of dollars out of the economy that would be have been spent for goods and services.

2. It has increased the cost of mfg and transportation by billions.

It was a major factor in 2008 and is a bigger factor today.

What you did not mention is the fact that the rise in fuel prices was a RESULT of the impending failure of the economy. The horrendous devaluing of the dollar was and is a huge factor in the rise in fuel prices.
