Gas prices.....

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fffresh
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Postby fffresh » Tue Sep 30, 2008 12:02 am

With gas prices like these is it any wonder Sarah Palin was able to manage Alaska within budget?

Approximately 85% of Alaska's state taxes come in the form of oil revenue. With that amount of money coming in virtually any governor could run any state and keep it within budget. This evening on Wolf Blitzer, Fareed Zakaria stated the odds of Palin becoming president during McCain's tenure were approximately a 1 in 5 chance due to his age.


Floppster
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Postby Floppster » Tue Sep 30, 2008 7:01 pm

bikermike wrote:Let's not forget the European countries that have $10 gas is because of taxes that pay for free healthcare and dirt cheap tuition.

What would you rather do, pay $10 a gallon for gas or $7,000 a year for healthcare and $30,000 a year for college tuition?

I'd take the $10 gas any day of the week.


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JEFF COGA
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Postby JEFF COGA » Tue Sep 30, 2008 7:23 pm

bikermike wrote:Let's not forget the European countries that have $10 gas is because of taxes that pay for free healthcare and dirt cheap tuition.

What would you rather do, pay $10 a gallon for gas or $7,000 a year for healthcare and $30,000 a year for college tuition?

I'd take the $10 gas any day of the week.


No...

Oil, its traded in dollars called petro-dollars. Dollar weakens in price, oil goes up and vice versa. Middle east and Russia does not want to except dollars any longer. This means that our USD is trash. We have dollar crises. With inflation out of control. I believe the last GDP stated that we had 3.3% growth in the economy... complete bull. The CPI index which they use to calclatate inflation does not include energy and food (like we don't eat and drive). On top of that they used a CPI index of 1.1% meaning the goverment stated we have inflation rate at 1.1%.... now, this is true manpulation of the market.
Jeff Coga
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fffresh
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Postby fffresh » Tue Sep 30, 2008 9:47 pm

The CPI is a rigged system designed to benefit the government. Everything from Social Security to inflationary protected bonds are based on that number.

Does anyone find it peculiar the areas we are experiencing the most inflation, energy, food and healthcare, are not included in the CPI?

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Mogul of Pineapples
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Postby Mogul of Pineapples » Wed Oct 01, 2008 1:38 pm

The fluctuations in oil prices have been more volatile than the stock market lately. Down $10 in a day and up $25 the next.

What is it going for right now anyway? Still hovering around 100?
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