Comment

Economic Failure Endorses Stimulus

207
Walter L. Newton2/19/2009 3:02:02 pm PST

re: #187 Hengineer

Not sure, Chavez’s oil-subsidized country is in the shithole because oil is so cheap now.

I’m not sure what you mean? Back in the fall, when the price per barrel was running up SO fast, anything prices that could be connected to the price of oil when skyrocketing up just as fast. It didn’t take months or anything to “trickle” down, price wise. And then, around about the beginning of Dec. 2008, the price started to fall, fall, fall, and now it is below 35 dollars a barrel (I believe that’s a futures buy).

Yet, the price of food, which flew up along with other items, is still going up, up, up. And I am not talking about a penny here and a penny there (and I’m not talking seasonal items). I talking about increases in the 25-35 percent range since Dec.

I’m basically poor (but ok right now), so, I pay very close attention to the “little” things. We are getting fucked.