BK>>  Do you see oil prices dropping back below where they were when
 BK>>  Bush took office?

 JM> Do you see ANY prices dropping back to pre-Bush levels?

 JM> Cokes use to cost a nickel, get over it.

 That was 40 years ago. Perhaps longer. I believe a coke was a
 dime 40 years ago. Adjusted for inflation you can get them for
 less than they cost 40 years ago. Not so gasoline.

 Thirty years ago they used to say the can cost more than the
 coke that went in it. The 12 oz aluminum can cost 9 cents.
 Today that aluminum can costs around 5 cents. And that's not
 adjusted for inflation.

 Of course, those numbers are pre-Bush-inflation. Listening to
 the radio on the way into work someone said the inflation rate
 was 5%. Funny thing, I was so focused on the economy and the
 republican oil fraud I had not paid attention to the economic
 basics. I knew prices were going up, but I never realized how
 much.

 I thought, "no way". An inflation rate of 5% would be all over
 the news. That's way out of line. Inflation hasn't been that
 high since 1991. Then, on break at work, I was reading a copy of
 "The Economist", and a report on the US economy said inflation
 was 5%. Guess what, it really is that bad.

 In the early 1970s and again in the late 1970s the price of oil
 pushed inflation to the point where the US economy went into
 stagflation. It's happening again. It is no excuse for high oil
 prices that inflation is up when it's the price of oil that is
 pushing inflation up.


BOB KLAHN bob.klahn{at}sev.org   http://home.toltbbs.com/bobklahn

... Dallas: Anyplace with more Starbucks than McDonalds must be civilized.
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