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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (456468)	2/13/2009 9:46:58 PM
From: Road Walker	Read Replies (2) \| Respond to of 1571413

So if we had spent money on "green energy", we wouldn't have had as bad of housing bubble, investment banks would not have been as leveraged, or a auto industry would be significantly healthier? I don't know, but I wonder. Look at cause/effect. When gas prices went up to the $4 a gallon range, suddenly the economy started a downward spiral. The price of everything from eggs to commuting to and from work went up... and suddenly we entered a downward spiral. Was gasoline cost the spark that started the fire? Was it the last straw that made paying the debt service untenable? And once people who could previously marginally make their monthly payments, and could no longer do so, started to default was that the catalyst? I don't claim to know the straw that broke the camels back. But you can't just dismiss gasoline prices... they were certainly a part of the problem. You tell me.