LSixer
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Mr. Smith
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« Reply #3 on: January 21, 2008, 09:10:37 AM » |
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I chose the economy in the spirit of the poll, that is choose a single issue despite the fact that all of them are important.
Mortgages and fuel. What a surprise to know that these two things have such an enormous impact on the economy. DUH! Hell, I only had two econ classes in college and can see that. Heres another thing, when are the people going to realize that making (asking) OPEC to open the spigot a little more to increase oil is going to drop the price?? Another DUH and a "heres yer sign" for that thought process.
Three words ... countries actually, China, Russia and India.
Oops! What were we thinking?
Thiry years ago when we had the oil price crisis, we (America) was one of the larger consumers of oil. Hasnt anyone noticed the car, and housing boom in other countries that are NOW catching up to us in oil consumption. Thiry years ago, the average Chinese citizeon aspired to own a bicycle. Now, they are aspiring for an Audi (granted its still not the AVERAGE citizen).
Its a finite source of energy and OPEC can wide open full throttle the spigots but its going to go in greater volumes to all of OPECs consumers, not just us anymore.
Make space in your garage for our beloved gas burning autos folks, the end is in sight, most are just not willing to recognize it.
And another big "heres yer sign" to those people who bought ARM's for their houses. Sorry if any of you did that here on the board, but, when we bought our house, we told the bank dont even bother bringing up that option. In fact we went 15 years instead of 30 and now 9 years into ownership, Im looking at a paid-off-house in 6 years. Owned by the time Im 50. *pats self on back*
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