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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: miraje who wrote (426792)	7/14/2003 3:23:27 PM
From: American Spirit	Read Replies (1) \| Respond to of 769670

Consumption cant drop if you have inefficient engines. it can drop a little but not very much. That's the Bushie plan. Higher prices and more consumption. They even give tax breaks for owning SUV's over 5000 pounds, like H2's and Cadillacs. All serves Big Oil just fine.

To: miraje who wrote (426792)	7/14/2003 4:20:36 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 769670

Bowers, Re: WHEN PRICES RISE, CONSUMPTION DROPS. Econ 101. DUHHH!!!!!!!! You are right. Your explanation does sound far too elementary. When a motor vehicle fleet is created, including gas guzzling SUVs, demand tends to be inelastic on the downward side. Therefore, consumption rises due to poor consumer choices in vehicle purchases and prices rise because production isn't creating any surpluses in supply. So, we get the worst of all worlds. High prices and excessive consumption. Thus has America turned Econ 101 on its head. ECON 409?