Originally Posted by svwagner
first, everything will get more expensive because nearly everything is shipped somewhere. this will hurt everyone, but especially those living on a tight margin to begin with (i don't include myself here, by any means)
second, it's just the sort of thing that could lead to more irresponsible acts in an election year. any year, for that matter. it probably wouldn't matter what administration was in power at the time, since it would be an economic crisis that any administration would have to deal with, one way or another.
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Kudos on seeing the big picture, I totally agree with you. Higher gas prices hurt everyone in the form of more expensive goods and necessities as well as less income for another important economic driving force: the home mortgage. Combined with rising interest rates, this could all hit us pretty hard. I don't necessarly care about gas prices at the pump per se, but what about paying $4 for a gallon of milk or $1/lb extra for produce, etc, etc etc. We will be feeling the effects of the gas hikes well into next year when consumer product prices skyrocket to make up for the huge losses they are hitting right now.
Second, I agree with you that it would affect any administration but it is my belief that the current one is part of the problem and not doing anything to stop or control the gas monopoly. In fact they help it. they also keep the dollar weak to help exports which is a horrible shortsighted way to do things and also why we, again, are paying so much for imports. Just look at the price hikes of Campy parts as an example.