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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (132384)	3/27/2013 6:32:20 PM
From: mel221	Read Replies (2) \| Respond to of 149317

>> If true that throws Mel and the right wing for a loop (nothing new there<g>). Not at all. We will just do more of what we are doing...give people free stuff and print dollars to pay for it. Its working right now before your eyes. Besides, with Obama's and Bernanke's economic policies, everyone will soon be able to retire off our portfolios. Why are you guys so pessimistic? Nobody can take away the FEDs power of printing! The Fed can print Fooooorrrrrrrr EEEEEVVVVVVEEEEEEEEERRRRRRRRRRRRRRRRRR! Happy Days are here right now!

To: John Vosilla who wrote (132384)	3/27/2013 7:06:24 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 149317

China's putting a lot of cars on the road. Until recently, most of them have been to first time owners; the used car market is just beginning. They aren't finding oil reserves to fuel them. They are taking their gas from us. BEIJING, Nov. 27 (Xinhua) -- China's automobile output and sales will both surpass 19 million units in 2012, the country's minister of industry and information technology predicted on Tuesday at an industry conference news.xinhuanet.com Used car sales in China grew faster than new car sales for a second straight year in 2012, and should account for half of all sales within seven years as the world's biggest autos market matures cnbc.com Vehicle Miles Driven: Population-Adjusted Numbers Hit Yet Another Post-Crisis Low Clearly, when we adjust for population growth, the Miles-Driven metric takes on a much darker look. The nominal 39-month dip that began in May 1979 grows to 61 months, slightly more than five years. The trough was a 6% decline from the previous peak. The population-adjusted all-time high dates from June 2005. That's 90 months — over seven years ago. The latest data is 8.59% below the 2005 peak, a new post-Financial Crisis low. Our adjusted miles driven based on the 16-and-older age cohort is about where we were as a nation in March of 1995. "The latest data is 8.59% below the 2005 peak" You'd think that would drive gas prices down due to a glut. Nope; gone to Chinese teenagers, every drop.