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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: RonMerks who wrote (9468)	5/5/2008 5:21:39 PM
From: ecrire	Read Replies (1) \| Respond to of 50101

Oil price strength threatens to strangle the economy. The Fed can't do much about that, but raising rates is surely not the answer. Seems like the only way to deal with this Oil juggernaut is "demand destruction".Politicians don't have a clue; temporary repeal of gas tax is populist but stupid. Who knows? Europe is paying much more for "petrol" than we are, and are coping; maybe 4.50/5.00 gas is coming; we'll need cars with 40 mpg; SUV's go the way of the dinosaurs, but what about trucking, airlines,farm equipment, etc. No predictions but it all looks bleak and at least initially, inflationary.