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Wal-Mart: Our shoppers are 'running out of money'

UtahBill said:
he did not deregulate oil industries, he only deregulated oil prices...
stay up....
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January 28, 1981
President Reagan signs Executive Order 12287, which provides for the decontrol of crude oil and refined petroleum products.


j-mac
 
j-mac said:
January 28, 1981
President Reagan signs Executive Order 12287, which provides for the decontrol of crude oil and refined petroleum products.


j-mac
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That is exactly what UtahBill said! And how's Reagan's policies of maintaining our dependence on foreign oil working out for us? :sun
 
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UtahBill said:
"RESIGN" yourself to this, Obama has a very good chance of winning. So far, all the GOP has offered up is tweedle dee, tweedle dum, and tweedle dumber...
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Since you'll be voting for Obama again, it's not your problem.
 
American said:
Since you'll be voting for Obama again, it's not your problem.
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Who you going to vote for that you think is going to solve the world's peak oil crisis overnight?
 
Catawba said:
Who you going to vote for that you think is going to solve the world's peak oil crisis overnight?
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Who said it could fixed overnight?
 
Catawba said:
That is exactly what UtahBill said! And how's Reagan's policies of maintaining our dependence on foreign oil working out for us? :sun
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Executive Order 12287 of January 28, 1981

Decontrol of Crude Oil and Refined Petroleum Products




By the authority vested in me as President by the Constitution and statutes of the United States of America, including the Emergency Petroleum Allocation Act of 1973, as amended (15 U.S.C. 751 et seq.), and notwithstanding the delegations to the Secretary of Energy in Executive Order No. 11790 as amended by Executive Order No. 12038, and in order to provide for an immediate and orderly decontrol of crude oil and refined petroleum products, it is hereby ordered as follows:


Section 1.
All crude oil and refined petroleum products are exempted from the price and allocation controls adopted pursuant to the Emergency Petroleum Allocation Act of 1973, as amended. The Secretary of Energy shall promptly take such action as is necessary to revoke the price and allocation regulations made unnecessary by this Order.

Sec. 2.
Notwithstanding Section 1 of this Order:


(a)

All reporting and record-keeping requirements in effect under the Emergency Petroleum Allocation Act, as amended, shall continue in effect until eliminated or modified by the Secretary of Energy. The Secretary of Energy shall promptly review' those requirements and shall eliminate them, except for those that are necessary for emergency planning and energy information gathering purposes required by law.



(b)

The State set-aside for middle distillates (Special Rule 10. 10 CFR Part 211, Subpart A, Appendix A) shall remain in effect until March 31, 1981.



(c)

The special allocation of middle distillates for surface passenger mass transportation (Special Rule 9, 10 CFR Part 211, Subpart A, Appendix A) shall remain in effect until March 31, 1981.



(d)

The Buy-Sell lists and orders issued prior to this Order under the Buy-Sell Program and the Emergency Buy-Sell Program (10 CFR 211.65) shall remain in effect according to their terms and the Secretary of Energy may issue such further orders as may be necessary to give effect to lists and orders issued prior to this Order.



(e)

The Canadian Allocation Program (10 CFR Part 214) shall remain in effect until March 31, 1981.



Sec. 3.
The Secretary of Energy may, pursuant to Executive Order No. 11790, as amended by Executive Order No. 12038, adopt such regulations and take such actions as he deems necessary to implement this Order, including the promulgation of entitlements notices for periods prior to this Order and the establishment of a mechanism for entitlements adjustments for periods prior to this Order.

Sec. 4.
The Secretary of Energy is authorized to take such other actions as he deems necessary to ensure that the purposes of this Order are effectuated.

Sec. 5.
Because advance notice of and public procedure on the decontrol provided by this Order would be likely to cause actions that could lead to economic distortions and dislocations, and would therefore be contrary to the public interest, this Order shall be effective immediately.
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Go ahead and explain it.
 
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American said:
Who said it could fixed overnight?
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just review the thread to see who thinks the world's high gas prices are Obama's fault.
 
American said:
Who said it could fixed overnight?
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Funny that some dumbass conservatives don't think the problem can be fixed overnight, but they think the problem just happened because of Obama
 
American said:
Go ahead and explain it.
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Sure, Reagan, a shill for big oil, scrapped the first energy program our country ever had, and we are paying the price at the pumps today for his short-sightedness.
 
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Catawba said:
Sure, Reagan, a shill for big oil, scrapped the first energy program our country ever had, and we are paying the price at the pumps today for his short-sightedness.
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Can the liberal left at least stick to blaming presidents who are still alive?
 
vote obama, 2012!

reagan was a shill!

seeya at the polls, progressives
 
Economic growth slowed to a crawl in the first three months of the year as a spike in gasoline, higher overall inflation and continued weakness in the housing market all took a toll on the recovery.

Gross domestic product, the broadest measure of the nation's economic health, rose at an annual rate of 1.8%, the Commerce Department reported Thursday. That's a significant slowdown from the 3.1% growth rate in the final quarter of 2010.

The sharp rise in oil prices in recent months was a major drag on growth. Besides cutting into consumer spending, higher prices for imported oil caused a rise in the nation's imports, which slowed the economy. The increase in imported goods shaved 0.8 percentage points off of growth by itself.

Rising overall inflation also took a bite out of growth in the quarter. Since GDP is adjusted for inflation, higher prices mean the economy must grow at a faster pace just to keep up. Consumer prices were up 3.8% from a year earlier, according to the report, compared to a rise of only 1.7% in the fourth quarter.

And the weak real estate market continued to weigh on the economy, as investment in homes and housing construction fell at a 4.1% pace in the quarter, while investment in non-residential real estate, such as offices, stores and factories, plunged by 29%.
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Q1 GDP report: Economic growth slows - Apr. 28, 2011
 
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Barbbtx said:
Yea, that's why I don't understand the liberal hate for Wal-mart. Wal-mart makes money stretch farther for low income people and those on government subsidies.
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And I hope you and cpwill, and other conservatives who dared not even be in this string (wisely), Realize what this says about Your plans to introduce either a higher income tax rate/Flat tax on the middle/poor, or a consumption/sales tax.

These Tens of millions of Walmart Consumers can't even pay for a 20% increase in the price of Gasoline without it cutting into Walmart/inexpensive needs shopping.

So putting a 25%-50% sales tax on ALL Goods, including Gas, would be Untenable.
A poverty inducer as well as economy destroyer.
 
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mbig said:
And I hope you and cpwill, and other conservatives who dared not even be in this string (wisely), Realize what this says about Your plans to introduce either a higher income tax rate/Flat tax on the middle/poor, or a consumption/sales tax.
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:shrug: the effective tax rate for the poor under the Fair Tax is less than it is under the current system. not only does the prebate remove taxation on all spending up to the poverty level (which of course makes up a larger percentage of their income), but it gets rid of the regressive payroll tax. That's one of the many reasons I would favor it - much like wal-mart; it's good for the poor.
 
What if...? said:
And everyone knows opec will cut production if we up ours to the point it keeps prices fixed.
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then they will rapidly lose market share, and money.

Oh and you are aware that the Saudis have been injecting water into their wells to speed up produright, right?

from what i understand, they were actually refusing to ramp up production. :p apparently they really don't like our 'smart power' president.

So one day saltwater is gonna start suddenly coming up instead of oil.
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pshaw, that's nothing. one day the sun will explode.
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cpwill said:
:shrug : the effective tax rate for the poor under the Fair Tax is less than it is under the current system.
not only does the prebate remove taxation on all spending up to the poverty level (which of course makes up a larger percentage of their income), but it gets rid of the regressive payroll tax. That's one of the many reasons I would favor it - much like wal-mart; it's good for the poor.
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So much disingenuity in such a short post.

I said a consumption or Flat Income tax rate.
Neither of which you disagreed with.
So I will assume/Say for you, that In both of those cases... I am correct. You cannot disagree.

So instead of a genuine reply, you bring up only ONE consumption tax not even mentioned. Your only out to my true statement; The Fairtax. Because it has a prebate with Abates the regressivity of Other consumption/sales taxes which do Not.

However, since the Fairtax is stated at a phony low rate (on which all income groups taxes would ostensibly go down), it isn't true even in that case.
If figured at the independently/multiply scored rate or 56%, the prebate is woefully inadequate at preventing the destruction of the poor... too.
Fairytax taxes, Food, Rent (which many poor people pay rather than own), Prescriptions, Medical procedures... everything.

You also drop/Misquote The "middle" from my "poor/Middle" to enable you to even make your qualified reply in re the Fairtax! The only one of the consumption or Flat taxes that you can even attempt debate with.

While your post looks like a reply- it instead is a disingenuous attempt to pick off One income group and One single of the consumption taxes, indeed a specific and lone one of them.
But even then .. fails.
 
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nope :) I think i'll let you do your ihateihateihatethefairtaxihavetobringitupallthetime routine on your own. go start a thread about how much you hate the fair tax and touch yourself as you endlessly repeat your mantra's there - this thread is about wal-mart.
 
cpwill said:
nope :) I think i'll let you do your ihateihateihatethefairtaxihavetobringitupallthetime routine on your own. go start a thread about how much you hate the fair tax and touch yourself as you endlessly repeat your mantra's there - this thread is about wal-mart.
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IOW....
Your semantic trickery was outed and Have to Fold.

Cpwill can only even make an attempt at debate with one/Fairtax and Only with the poor.
Not the "poor/Middle" as posed.
He cannot tackle/refute the Regressivity of a simple "Consumption or Flat Income tax" .. as posed.

His only attempt was to pick off "poor" from "Poor/Middle". And grasp at the Unmentioned 'Fairtax' as the Only consumption (or Flat Income) tax he could even attempt to deal with.

Game Over.

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Note below.
There is STILL Not even attempted disagreement with the Truth of my original statement about the Destructive regressivity of a "consumption or Flat Income tax" on the "Poor/Middle".
It remains Unrefuted; indeed Unattempted except for an Isolated case and group for which it is also wrong.

That was the real if completely Unwitting bite of this string.
How close to the edge so many live and that they Cannot be taxed any higher level.
 
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yup. and I couldn't care less about your fair tax rants. got anything on the subject of the thread?
 
Barbbtx said:
{{sigh}} I want a president who says, "I'll do my best to make sure we have enough cheap energy that you can drive what you want and keep your homes at 72 degrees all yr long if you want. I don't give a hoot if other countries like it or not. My job is to serve you, the American people. We will start the process of using our own natural resources and we will start today".
Something like that anyway. I'm sick of a president who's idea of improving things is cramming us into socialized transportation, or onto bicycles. Our President should have bigger dreams than that for the country.
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And that is where the term "Ugly American" comes from. It's all about me, me, me, I want this, I want that.... why don't you try thinking of everyone as human with the same basic rights as you? I say this because you clearly have no problem exploiting poorer countries so you can drive your SUV around and keep your house at 72 degrees all year, it's sad really.
 
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