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Thread: Rising gas prices aren't as bad as you think(edited)

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    Rising gas prices aren't as bad as you think(edited)

    The impact of rising gas prices isn't as bad as you think - Mar. 21, 2012

    But for the average American household, which has an income of over $62,000 a year, the increase in gas prices represents a relatively small portion of total spending.

    For example, in 2008 gas prices were all over the news when they hit their all time high. But in 2010 when prices fell people barely mentioned them.

    Yet spending on gas totaled only $12 more per week in 2008 than in 2010, according to numbers provided by the Bureau of Labor Statistics. That $12 per week is roughly the same amount that BLS figures show people spent on "pets, toys, hobbies and playground equipment."

    "The incremental expenditure is not that much," said Akshay Rao, a professor of marketing at the University of Minnesota's Carlson School of Management who has studied gas prices. "But that's not how people think about it."
    Well, thanks, CNN for yet another Barack Obama campaign ad disguised as journalism. Do you really think we're that stupid?

    So our total personal cost for this increase in price is only a measly $12 per week. Thanks for sobering us up. Why are we such wusses?

    This is such a childishly conceived and written piece of propaganda. Do you not think we'll notice as the price of EVERYTHING goes up along with gas prices as it costs more and more to deliver goods to retailers? You think it won't register that it'll cost another couple hundred dollars to go see grandma?

    I guess I should be grateful, because most people will only be pissed off when they read your pathetic attempt to "psychologize" us. This does not serve your intended purpose whatsoever.

    It's time, CNN. At least MSNBC doesn't deny it. Come out of the closet and be who you are.
    Last edited by Redress; 03-21-12 at 12:44 PM. Reason: To Comply with BN guidelines-Title changed.

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    Re: CNN chastises Americans for complaining about gas prices

    They are the 24/7 yang to Fox News' yin. Anyone that denies it...well...it isnt hard to see what part of the fence they stand on either.

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    Re: CNN chastises Americans for complaining about gas prices

    I don't agree with almost any of your post except that CNN dropped the ball...big time. They use average houshold income.....to make a case that the gas prices aren't having a large impact? Maybe not on your surbanite but on any less wealthy housholds...which using median make less than 40k a year it's having a very large impact.

    It's obvious too because that's where the largest erosion in Obama's approval rating is taking place.

    So no...I don't agree it's CNN acting in the interests as Obama as much as CNN not knowing what the hell they are talking about.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: CNN chastises Americans for complaining about gas prices

    I'm curious if CNN would be willing to place money on this story. I mean it was just a week ago from Florida fox was relieved from "news distortion/lies" because in Florida and I'm sure other states. There is no law governing how true a story must be to print or broadcast.

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    Re: CNN chastises Americans for complaining about gas prices

    As with anything, if you don't like the price dont buy it.

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    Re: CNN chastises Americans for complaining about gas prices

    Quote Originally Posted by muciti View Post
    As with anything, if you don't like the price dont buy it.
    Why should we allow others to set the price? We are brought up with an attitude towards the rights of the powerful that would make a free people call us wimps and pushovers. Be strong and demand a limit on profit margins. As far as OPEC is responsible for this extortion-by-property-rights, we are stronger than them and could force them to stop their gouging.

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    Re: CNN chastises Americans for complaining about gas prices

    Quote Originally Posted by muciti View Post
    As with anything, if you don't like the price dont buy it.
    Yeah, that's what the Libbos are shooting for.

    Our energy secretary would love that.

    So would the president.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: CNN chastises Americans for complaining about gas prices

    Quote Originally Posted by muciti View Post
    As with anything, if you don't like the price dont buy it.
    You know, I agree with your sentiment...TANSTAAFL, and all that, but when rising prices are being caused, at least in part, by our own government...there's something very wrong going on.
    TANSTAAFL

    “An armed society is a polite society.”
    ― Robert A. Heinlein, Beyond This Horizon

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    Re: CNN chastises Americans for complaining about gas prices

    Quote Originally Posted by Mycroft View Post
    You know, I agree with your sentiment...TANSTAAFL, and all that, but when rising prices are being caused, at least in part, by our own government...there's something very wrong going on.
    No there isnt. You have a choice on whether or not to purchase fuel for the set price. If you dont like the price its still as simple as not buying it. Or buy less of it.

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    Re: CNN chastises Americans for complaining about gas prices

    Quote Originally Posted by PrometheusBound View Post
    Why should we allow others to set the price? We are brought up with an attitude towards the rights of the powerful that would make a free people call us wimps and pushovers. Be strong and demand a limit on profit margins. As far as OPEC is responsible for this extortion-by-property-rights, we are stronger than them and could force them to stop their gouging.
    A study in contrasts.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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