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Thread: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

  1. #31
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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by Rials6 View Post
    Hey, if gas went up to $5.00 a gallon. Who would ya blame, Obama. It's under $2.00 in some places. Who do you blame for this tragedy sir?
    No, I wouldn't blame Obama. The President has very little control over gas prices. It's all supply and demand. Why have oil prices fallen?

    (1) The U.S. oil industry has dramatically increased production of oil. It is poised to overtake Saudi Arabia as the #2 oil producer in the world.
    (2) OPEC decided it would not cut production, maintaining current supply levels. Essentially it is trying to keep the price as low as possible, hoping to drive the new U.S. oil producers (with lower profit margins due to higher costs) out of the market.
    (3) A weakening economy in Europe, Japan, and other areas of the world has put downward pressure on the demand for oil.
    (4) Speculators are bearish because of these factors, selling off oil in fear that it will get lower.

    So you have increased supply on the one hand and decreased demand on the other, coupled with speculation that prices will stay low or fall further. That is a textbook recipe for lower prices. And lower prices we have. Nothing to do with Obama, Bush, Congress, Republicans, or Democrats. Anyone who says otherwise is a partisan ignoramus.
    Last edited by Lakryte; 12-23-14 at 07:30 PM.
    "Give me your tired, your poor, your huddled masses yearning to breathe free."
    "When we live authentically we create an opportunity for others to walk out of their dark prisons of pretend into freedom."

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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Well I respect what your saying. You are the exception. The the majority in this forum would think other wise.

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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by Lakryte View Post
    No, I wouldn't blame Obama. The President has very little control over gas prices. It's all supply and demand. Why have oil prices fallen?

    (1) The U.S. oil industry has dramatically increased production of oil. It is poised to overtake Saudi Arabia as the #2 oil producer in the world.
    (2) OPEC decided it would not cut production, maintaining current supply levels. Essentially it is trying to keep the price as low as possible, hoping to drive the new U.S. oil producers (with lower profit margins due to higher costs) out of the market.
    (3) A weakening economy in Europe, Japan, and other areas of the world has put downward pressure on the demand for oil.
    (4) Speculators are bearish because of these factors, selling off oil in fear that it will get lower.

    So you have increased supply on the one hand and decreased demand on the other, coupled with speculation that prices will stay low or fall further. That is a textbook recipe for lower prices. And lower prices we have. Nothing to do with Obama, Bush, Congress, Republicans, or Democrats. Anyone who says otherwise is a partisan ignoramus.
    Well I respect what your saying. You are the exception. The the majority in this forum would think other wise. And that's a fact

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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by Rials6 View Post
    Well I respect what your saying. You are the exception. The the majority in this forum would think other wise.
    Then the majority are wrong. It is pretty obvious why oil prices are falling...unless you are a partisan ignoramus.
    "Give me your tired, your poor, your huddled masses yearning to breathe free."
    "When we live authentically we create an opportunity for others to walk out of their dark prisons of pretend into freedom."

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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by Declan View Post
    Pretty much summed up my opinion of libertarianism in a nutshell--as long as it sounds nice....
    WTF did this have to do with the topic?

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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by Lakryte View Post
    Then the majority are wrong. It is pretty obvious why oil prices are falling...unless you are a partisan ignoramus.
    There a lot of those in Congress apparently and they are ALL Republicans. Is that a coincidence or is it just the GOP?

    U.S. Rep. Roger Williams, R-Austin, said in a recent newsletter to constituents in his District 25 that Washington is making it harder to produce home-grown energy.

    A reader wrote us July 1, 2013, asking us to check this claim: "In January of 2009, a gallon of gasoline cost $1.89. Today, the average cost of a gallon of gasoline is $3.51," Williams wrote in the mailer.

    "It doesn’t take an economist to figure out how a gallon of gasoline has increased by $1.62 in four years. The liberal anti-free market policies of the Obama administration discourage the exploration of American sources of energy and hinder production and job growth."

    This is a popular theme; we fact-checked Texas Republicans who blamed high gas prices on Obama in 2011 and 2012. Lt. Gov. David Dewhurst earned a Mostly False rating last year for claiming a gallon cost $4.50, and Michael Williams, now the state education commissioner, got a Half True for saying in 2011 that gas prices had gone up $2 under Obama.
    Roger Williams: Obama policies contributed to raising gas prices from $1.89 in 2009 to $3.51 today | PolitiFact Texas

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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by iguanaman View Post
    There a lot of those in Congress apparently and they are ALL Republicans. Is that a coincidence or is it just the GOP?

    Roger Williams: Obama policies contributed to raising gas prices from $1.89 in 2009 to $3.51 today | PolitiFact Texas
    Yup, there are a ton of them in Congress--from both parties. But you too are a partisan ignoramus if you think they are all Republicans.
    "Give me your tired, your poor, your huddled masses yearning to breathe free."
    "When we live authentically we create an opportunity for others to walk out of their dark prisons of pretend into freedom."

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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Just a couple of notes in this already partisan bitch fest.

    A. "Progressive" individuals were in here pissing and moaning about the lack of Conservative or Republican leaning folks crying about Obama, so much so that they have decided to put words in people mouths pre-emptively.

    B. Tools showing up saying EXACTLY what the pre-emptive idiots were looking for them to say.


    I don't know which is more pathetic.


    Can't we just be happy that the economy seems to be doing better and move the **** on?

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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by Caine View Post
    WTF did this have to do with the topic?
    I was replying to another poster, not you.

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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by Rials6 View Post
    GOP greets economic news with total silence

    Maybe you should do the same. Lmao!

    GOP greets economic news with total silence | MSNBC
    The largest growth in revisions is through Health Care expenditures.

    What exactly hasn't the GOP said about Obamacare that hasn't been said already?

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