New Job numbers misleading

[FRAMEshift]

It was 1.89 when Bush left.

Oil is an international commodity.  As such, it is a trailing indicator of the economy.  Gas was cheap because the world economy collapsed.  Oil went to $30 per barrel.  That is a good thing only if you like pain.  The price of gas could go even lower if we closed all the businesses and fired all the workers.   Imagine that.  Conservatives who don't understand supply and demand. 

[kathyp]

But most don't want to look for the real cause of the problem it's easier to blame Bush.

we have a population largely uneducated when it comes to history, politics, and current events.  lots of blame to go around for that.  parents to busy to teach kids.  schools that don't teach much of anything, let alone critical thinking.  sources of info that spew out the same skewed message day after day.  people to lazy to do their own research. 

if you have a population that can't be bothered to know the name of their own representative, yet can be enticed out to vote time after time, can you be surprised that people don't know other kind of important stuff?

[kathyp]

Oil is an international commodity.  As such, it is a trailing indicator of the economy.  Gas was cheap because the world economy collapsed.  Oil went to $30 per barrel.  That is a good thing only if you like pain.  The price of gas could go even lower if we closed all the businesses and fired all the workers.   Imagine that.  Conservatives who don't understand supply and demand

some of what you say is true.  what you fail to deal with are the other reasons for supply end issues.  supply, thus price, can be manipulated by the supplier.  that would primarily be OPEC.  you might have adequate supply of oil, but have a choke point at the refining end.  we do.  you might have adequate refining capabilities, but regulations added by states slow down and add cost to refining. 

one of the other reasons the cost of oil went down under bush is that he opened up drilling.  since the cost of oil is based on speculation, the speculators saw increased oil coming onto the market in the future.  this dropped the futures price.

the price of oil is not necessarily a trailing indicator of the economy, but it is a leading indicator of the anticipated supply and demand....which may or may not be based on the economy.

[sterling]

It was 1.89 when Bush left.

Oil is an international commodity.  As such, it is a trailing indicator of the economy.  Gas was cheap because the world economy collapsed.  Oil went to $30 per barrel.  That is a good thing only if you like pain.  The price of gas could go even lower if we closed all the businesses and fired all the workers.   Imagine that.  Conservatives who don't understand supply and demand. 

If the libs understood supply and demand and wanted to lower the price of gas Obama would open some more govt. land for drilling and OK the pipeline to Canada as a start. That would help us be less dependent on the world market. Don't you agree?

[Keith13]

Yep

Keith