Leading Economists Predict: Good News! Gas Prices to Drop and Stabilize by Summer
- Posted on April 26, 2011 at 4:45pm by
Emily Esfahani Smith
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According to a survey of economists taken by the Associated Press, there will be some relief this summer when it comes to gas prices:
Economists think gas prices, now averaging $3.87 a gallon and rising every day, will stabilize by summer and drop to about $3.50 by fall. Rising gas prices are taking up much of what Americans are pocketing from the Social Security tax cut.
Also, as long as oil prices do not skyrocket, these economists predict good times ahead for the American economy:
The American economy is now strong enough to withstand Middle East turmoil and the Japanese nuclear crisis. Only a big rise in the price of oil could stop it now.
Those are the findings of an Associated Press survey of leading economists, who are increasingly confident in a recovery that is nearly two years old. They expect the economy to grow faster every quarter this year.
In part, that’s because the economists think Americans will spend more freely in the coming months. Higher stock prices have made people wealthier. And a cut in the Social Security payroll tax is giving most households an extra $1,000 to $2,000 this year.
American exports and corporate spending, which have helped drive the recovery, are also expected to remain strong, according to the quarterly AP Economy Survey.
The one factor that could make a second recession a possibility would be a jump in oil prices to $150 a barrel, economists say. Oil trades at about $112 a barrel now. The record high, set in the summer of 2008, is about $147 a barrel.
“The economy is regaining some of its lost muscle and now seems to have a much thicker skin than it did six months or a year ago, and that’s helping it handle various negative forces,” said Lynn Reaser, a board member of the National Association for Business Economics.
While oil has risen almost $40 a barrel since Labor Day, analysts think it would take something extraordinary to drive the price all the way to a new record – either supply disruptions because of a new front in the Mideast unrest or action by the Federal Reserve that brings down the value of the dollar.
Full story here.
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Comments (184)
jeff.cooper
Posted on April 26, 2011 at 5:11pmOh, thank goodness. Gas will be $3.50 by fall. That’s a whopping $9.99 savings for my thirsty 27 gallon tank Aspen. So now it will only cost me $94.50 to fill it up instead of the ridiculous amount of $104.49 I have been paying. Thanks a lot Obama. Thanks for thinking of the middle class.
Report Post »commonsenseguy
Posted on April 26, 2011 at 5:10pmi am tired of talking butt heads, it is time for the real truth, until obama and cass sunstein and the federal reserve is exposed and the rest of the communist loving morons are thrown out of our country, we will continue to fall down the ladder of hell, they are the reason we are heading to a total catastrophe,and their regulations are killing the great nation. can anyone say more regulations please.just what this country needs,more communist hard line tactics and laws .
Report Post »TruthSociety
Posted on April 26, 2011 at 5:10pmWhy is it that we never here who these economists are by name. They are always called leading economists. I wonder if these folks are the same experts doing the math for Obamas health care and 12 year budget. Sounds Fuzzy.
Report Post »keepthefaith
Posted on April 26, 2011 at 5:07pmYeah, and 5 minutes ago the story was $5 a gallon gas. Whatever! Obviously Obama the dictator got mad at the reporters and made them change their story.
Report Post »GreenSicko
Posted on April 26, 2011 at 5:05pmI predictit will go down in 2012 because of the President Election. then after the election it will rise to the higher cost.
Report Post »commonsenseguy
Posted on April 26, 2011 at 5:12pm@greensicko, and i agree that obama will go down with the gas prices as well as 2012
Report Post »SgtGGP
Posted on April 26, 2011 at 5:04pmLet’s see. I am an American and I do not have stocks, and no job, and cutting back on everything. No, I will not be spending money on anything other than mortgage and energy and food. Thank god it is summer, I will be putting aside money (budget) for winter heating. So, no. Not here, not now.
Report Post »soapbox55
Posted on April 26, 2011 at 5:03pmSo, exactly how does one become a, “leading economist?” Is that the first one that can come up with good news, or the first to conjure up a happy story in a dismal economy?
Report Post »Blackhawk1
Posted on April 26, 2011 at 5:25pmA leading economist today has to agree with Obama’s socialist agenda and lie alot. The economists that tell the truth are hidden in the closet by Obama’s Czars.
Report Post »BetterDays
Posted on April 26, 2011 at 6:14pmWell the requirements are quite stringent. First you must have no brain. Second you must be able to parrot words. Third you must wear important looking glasses. And lastly you should always nod your head up and down while talking.
Report Post »D. Wayne (Vietnam 69)
Posted on April 26, 2011 at 7:21pmAnother important requirement for an “Obama-nomist“ is to have a ”D” after your name in your voting record. Any other economists with specific facts need not appear.
Write the “stabilize at $3.50/gallon” on your exit door frame at home today. Keep looking at that number each day when you head out. In August see if you are paying closer to $5.00/gallon.
Report Post »crazytalk
Posted on April 26, 2011 at 5:01pmunicorns and ferry dust.
Report Post »BetterDays
Posted on April 26, 2011 at 6:11pm@Crazy
Report Post »Is that a bear 70lb compound your holding?
You forgot “champagne wish’s and caviar dreams”.
Guess drug abuse is ok if your in the administration.
Psychosis
Posted on April 26, 2011 at 5:01pmare these the same economists that said there was no housing bubble????
or that the fed really isnt monetizing the debt ?
or havent gotten anything right?
that you have to spend money to stop spending money ?
Report Post »timmahhny
Posted on April 26, 2011 at 5:01pmLets hope the economy does recover. Only time will tell who is right and who is wrong.
Report Post »benrush
Posted on April 26, 2011 at 4:59pmIf these leading economists are anything like our other leaders, well, call me skeptical to say the least.
Report Post »Speak without Fear
Posted on April 26, 2011 at 4:59pmReally? Lower gas prices and Goodtimes ahead for America? WOW…which one of Obamohammads LOSER intellectuals is telling this FIB?
Report Post »Obama Snake Oil Co
Posted on April 26, 2011 at 4:58pmObama is still through….this whole thing is based on inflation of the dollar that he did. Also, another rallying cry, the moritorium on drilling in the gulf and shutting back Shell from Anwar….Thats OK, the Canadians are pumping it for us and selling it back to us….
Report Post »beebacksoon
Posted on April 26, 2011 at 5:07pmAnd soon Brazil will be selling to us too. Obama wants us to be their BEST CUSTOMER! (WE give BRAZIL money for their and Soros’ oil drilling projects and WE, at the same time, will be purchasing their oil? We have a mad man for a president.
Report Post »fatsomann
Posted on April 26, 2011 at 5:45pmHe’s “just” redistributing the wealth.
Report Post »teddrunk
Posted on April 26, 2011 at 4:58pmThe MSM version of economists? Anyone STILL believe them? Gas will hit between $5 and $6
Report Post »etecs
Posted on April 26, 2011 at 8:44pmNo offense to Emily, but this is an AP story that went out today. We all know that the AP is a leftist news front for Obama admin. They’re being the useful idiots to boost Obummers ratings. Let’s put a good spin on the economy to help Barry….
I’m not buying it
Report Post »fatsomann
Posted on April 26, 2011 at 4:57pmAre the drilling/exploration regulations getting lifted for this country?
Report Post »behonest
Posted on April 26, 2011 at 4:56pmyeah! I did notice stocks went up big time but sadly they had to sell some of their GOLD,SILVER, AND OIL to help convince us or manipulate us it looks like Sept 15, 2008 in reverse. ?just scratching my head
Report Post »NewRodeo
Posted on April 26, 2011 at 6:20pmNOPE.
Nothing in the Gulf. Nothing off the East. Nothing off the West.
The Obama also just killed a field in Alaska that the company spent millions/billions developing. They gotta recoup that money somewhere. The Obama killed a new pipeline from Canada too, if I recall. Imagine how many jobs that would have been.
As far as I can see, we have some drilling on land out west here & that’s it. Our import percentage has to have gone through the roof in the last 2 years.
Report Post »vennoye
Posted on April 26, 2011 at 4:56pm“the economists think Americans will spend more freely in the coming months.”
Report Post »They certainly are and will! Each time they go to the gas pump to fill up! It really defys all logic to think that gas prices are going to return to a level that consumers can afford easily. $3.50 a gallon is difficult for many people……and of course, lets not look at food prices. Sorry experts…2+2 does not equal 15! Nice try though!
OK, now what?
Posted on April 26, 2011 at 4:55pmI’d really like to know that these “predictions” are real, and not “wishful thinking,” but I’m NOT seeing it getting better out there. everything costs MORE, not less, and the price of oil has not dropped down, rather it has gone up.
Stop speculating on what is going to happen, you can’t predict the markets any better than the weather. Just prepare for the worst while you hope for the best.
Report Post »Blackhawk1
Posted on April 26, 2011 at 5:20pmIt’s not speculators, it’s the devaluing of the dollar thanks to the Obama policies of print more money.
Report Post »D. Wayne (Vietnam 69)
Posted on April 26, 2011 at 6:57pmAgreed, the mind-benders in Wash DC want us to believe we are floating in lilac tropical waters when we KNOW we are swirling faster in a septic tank of S##T. BLACKHAWK is correct too, the QE2 and the next QE3 is spiraling the prices of goods. Guess the only reason there is a QE3 coming is the printing presses have worn out from the QE2 and must be replaced, thus a restart as QE3.
Report Post »Thug sauce
Posted on April 26, 2011 at 8:02pmActually, Gas prices are at record lows when compared to true money (as opposed to fiat money)
Report Post »See: http://www.europac.net/media/video_blog
13th Imam
Posted on April 26, 2011 at 4:54pmWho makes more profit off a gallon of gas than the oil companys?? State Taxes. Federal Taxes. Screw the State of Konnecticut. Screw the United States Federal Government.
Report Post »beebacksoon
Posted on April 26, 2011 at 4:54pmI’m sorry, but I don’t believe a word I just read. It sounds like Obama. “Look at all the PRIVATE sector jobs (I) created in the last quarter!”. Most people do not realize when Obama says “private sector” he means, “Okay, all government contract work is to be done by PUBLIC employees now (what happened to the bid process?), but sometimes, they have to sub out work to the “PRIVATE” sector to get the job done.”
Report Post »Showtime
Posted on April 26, 2011 at 5:07pmIt’s not for private sector unless there are union workers involved.
Report Post »bhelmet
Posted on April 26, 2011 at 4:53pmAre these the same economists who preface everything with “unexpected”?
Report Post »JohnQTaxpayer
Posted on April 26, 2011 at 4:52pmnot if Obamma has his way
Report Post »chirodoc007
Posted on April 26, 2011 at 4:51pmAnd Scientists agree that Global Warming is Man-made.
Well I guess if some economists say it it must be true!
Report Post »OK, now what?
Posted on April 26, 2011 at 4:58pmBut it has to be true! Otherwise all those fancy degrees would be nothing more than wall decorations! Please dear god, let us be right this time!
Report Post »Zeus In A Speedo
Posted on April 26, 2011 at 10:07pmI think the (liberal, in the tank for barry soetoro) AP, contacted the wrong people for this survey. I believe they contacted the “4 out of 5 dentists who believe chewing Trident gum is good for your teeth.”
Or they forgot to add a word in their survey – “A survey of leading (Kensian) economists…”
Gee, I don’t know, I think the economy is justy peachy…9% faked unemployment (17% real), housing values plummeting, no construction starts, at least 10% inflation, sky-rocketing gas and food prices, and the US government is about to default on its $14.3 trillion worth of bonds…all sounds like good news to me!
All the ingredients of a “Strong” economy. I imagine barry soetoro is playing a round of golf while “Rome” burns…
When the riots start, I’ll be locked and loaded…”Smooth to the right, ready to fight!”
Report Post »OK3Wire
Posted on April 26, 2011 at 4:50pmFigures. And I just filled all of my gas cans for $3.85/gallon trying to save some money this summer. I can’t win …
Report Post »demint.disciple
Posted on April 26, 2011 at 5:00pmYeah well they also say we are in an economic recovery.. Don’t believe this crap until it happens..
Report Post »TSUNAMI-22
Posted on April 26, 2011 at 6:15pmThe day economic recovery actually starts is the day that the atmosphere for prosperity is allowed to flourish unrestricted by governmental interference.
In other words, never.
Report Post »Huguenot Descendant
Posted on April 26, 2011 at 6:42pmGas doesn’t stay good forever. But maybe you will have done the smart thing as gas prices might still go up. Never know but can always hope.
Report Post »Huguenot Descendant
Posted on April 26, 2011 at 6:43pmWhich is what you did, prepared for the worst and hoped for the best.
Report Post »OLDBIKEFIXER
Posted on April 26, 2011 at 6:45pmGasoline, especially the stuff with 10% or more ethanol in it, doesn’t keep for more than a couple months. Some “Sta-Bil” will help to keep it from going bad, but don’t let it sit for more than 4 or 5 months. If it’s “E-85″, you might as well use it all up right now.
Report Post »D. Wayne (Vietnam 69)
Posted on April 26, 2011 at 6:47pmOK3WIRE – I have done the same and I do not think it was a wasted effort. Stabilize at $3.50/gal, no way with the printing of greenbacks. Just figure you have invested your devalued paper for something you certainly have a use for.
Report Post »D. Wayne (Vietnam 69)
Posted on April 26, 2011 at 6:50pmOK3WIRE – correct from other postings. Always look for the non-ethanol gasoline and use the sta-bil additive. It is NUTS that we citizens have to think survival while our Messiah destroys the nation. Prepare & watch your six.
Report Post »NotaLemming
Posted on April 26, 2011 at 7:55pmSave money and make a statement. http://www.theblaze.com/stories/leading-economists-predict-good-news-gas-prices-to-drop-and-stabilize-by-summer/#comment-1034502 Ok you wont save any money but you can let everyone know how you feel.
Report Post »Tlc3Terry
Posted on April 26, 2011 at 8:31pmIf all you people belive this!!! Ive got a bridge to sell you in Brooklyn! Did you all just hear what they have just shut down! They just took the leases from shell up in Alaska which they put out over 4 billion dollars for and not to mention they shut down some drilling in Texas because of some damn lizard!!!! And you all think gas prices are going down by summer? Yeah right and ive got monkeys flying out of my butt too!
God Help Us All!!!
Report Post »seeker9
Posted on April 26, 2011 at 11:10pmUsually, gas does go down after the driving season. But with this administration, it looks as though they want to keep the price up. BHO will try to shift blame to the evil oil companies. The country is in trouble, folks.
Report Post »1chancey1
Posted on April 26, 2011 at 4:50pmObama better hope so or his reelection bid is history.
Report Post »Bob_R_OathKeeper
Posted on April 26, 2011 at 4:56pmIt’s already history, where have you been?
Report Post »Issachar
Posted on April 26, 2011 at 4:57pmLet us look at the facts shall we, as most economists were mystified by the 2008 crash anyway!
Oil $112 right now, and there are how many civil wars in the middle east? Ummm, ummmm, ummmm, Obama is toast!
Report Post »MidWestMom
Posted on April 26, 2011 at 4:57pmI’ll believe it when I see it…
Report Post »banjarmon
Posted on April 26, 2011 at 4:58pmBo will be history anyway. anybody but BO’s gas!!
Report Post »encinom
Posted on April 26, 2011 at 4:59pmBut, profit (no mistake) Beck is says we are going ot pay $50 for a cup of coffee… I am waiting for the day when the Beckerheads realize that they have been lied to.
Report Post »Cemoto78
Posted on April 26, 2011 at 5:03pmI’m hoping his re-election bid is gone no matter what happens. I don’ care if I were to be given $100,000 cash from the government the day be for the election, I still wouldn’t vote for this disaster. This is the the definition of the gift that keeps giving or in his case, taking.
Report Post »RightUnite
Posted on April 26, 2011 at 5:05pmTrue, he doesn’t have a snowballs chance in h*ll.
Report Post »watchmany2k
Posted on April 26, 2011 at 5:07pmlessee $3.50 is the new $2.50 thats a 150% devalue of the dollar
Report Post »Yep, the new Obama “stability”
LAM2
Posted on April 26, 2011 at 5:13pmI wonder if these economists are the same knuckleheads who told us there was no housing bubble.
Report Post »Blackhawk1
Posted on April 26, 2011 at 5:16pmAre these the same Obama economists that advised us that the Porkulus bill had to be passed so unemployment wouldn’t go above 8%? The only question whoever the Republican candidate has to ask is the one Reagan asked ….Are you better off now than you were 4 years ago? Gas was $1.84 a gallon when Obama took office. At $3.50 a gallon for gas and real unemployment at 17% Obama is toast.
Report Post »GayDem4Beck
Posted on April 26, 2011 at 5:23pmStabilize at 3.50 are you freaking kidding me ? Still not good enough. Drill baby drill !
Report Post »commonsenseguy
Posted on April 26, 2011 at 5:24pm@encinom, and i am waiting for you to wake up and understand that we are going down with this regulation ship, so please us the brain god { or who ever you believe in } gave you, we are being lied to and played,and it is not glenn beck,he is exposing the communist criminal that are running this country .that is why the left don’t like him, because they know that he is telling the truth about who they are and what they are up to, just a thought, if you were not so worried about your own butt, and and worried more about this great country and her great people,no matter what they believe,then we could save her ,but as long as you continue to drink the kool aid, then the fight for freedom will be a hard one, with are with you, i hope you wake up soon,before you find yourself in a soup line and broke with the rest of us.
Report Post »Issachar
Posted on April 26, 2011 at 5:24pm@encinom – I’ll laughing at you when your belly is empty and your gnashing your teeth for food and come to MY house, LOL!!! Big mistake if you do that though, just saying!!!!
Report Post »brickmoon
Posted on April 26, 2011 at 5:27pmIt would take “something extraordinary to drive the price all the way to a new record”? You mean like, uh, another bad thing happening somewhere on the planet? What are the odds?
Report Post »Uncurable wound
Posted on April 26, 2011 at 5:32pmencinom,Hired troll-how many sites do you stink up with your filth.
Report Post »Your Brainwash education has made you a fool.
Anytime,Anywhere,TROLL…
MrBigBillyB
Posted on April 26, 2011 at 5:44pmI love how they try to slip in there “a recovery that is nearly two years old” Gee how long has BO been president? That‘s how old we’ll make the recovery. Nevermind that Housing starts are still way down, Foreclosures are still on the rise, Unemployment is still higher than during the previous administration, inflation is still way up…. This recovery is GREAT!!!!
Report Post »101
Posted on April 26, 2011 at 5:48pmTake a look at the 14.2 trillion dollar dept clock and tell me again how America is recovering… reducing/putting a temporary band aid on gas prices is not the big issue that plagues our demise!
Report Post »Smoke & mirrors election mode on!
gman46
Posted on April 26, 2011 at 5:52pmConsidering there is actually a lot that can be done to lower the price of gas (tax free days, stop EPA seasonal blending, etc.) that Obama is not doing, I would be shocked to see him win 2012.
Report Post »BetterDays
Posted on April 26, 2011 at 6:01pmI don’t find 3.50 comforting at all, no sir I do not.furthermore what planet is the leading propagandist from? Was it Cass ” I don’t pay for my gas, you do” Sunstein? Here‘s what’s coming folks, $5.00 by August average, After tomorrows FED news conference the Amex tanks, inflation spikes to nearly 30% actual, food, utilities, all become an as needed item. Somewhere in Americans will think riots are an appropriate response, and they body count will top 500 by September. Other Americans will lose all hope the suicide rate will spike alarmingly, The government will come to the rescue and remove the rest of our freedoms for our own good by Christmas. Somewhere in mountians, valleys, and remote locations Americans shall filter in to local republic strongholds, they will in some cases be over run by gOvernment forces, but as time goes on they shall thrive. GOOD luck and GOD speed my fellow Patriots, I’ll meet some of you as I trudge the road if freedom, in remote but right places.
Report Post »BetterDays
Posted on April 26, 2011 at 6:07pm@ENCINOM
Report Post »I don’t like you, but if you ever need food or need real help in times of trouble, come to my house and I’ll feed you, clothe you, and heal your wounds as well. But if you come to my house to steal, we are going to have a problem, got it?
TSUNAMI-22
Posted on April 26, 2011 at 6:07pm“Leading Economists Predict: Good News! Gas Prices to Drop and Stabilize by Summer”
I say, HORSE CHIPS.
Report Post »cruzinbill
Posted on April 26, 2011 at 6:18pmI agree with Bob he’s history.
Report Post »mill
Posted on April 26, 2011 at 6:19pmI believe this is all a ploy by Obama..
Report Post »AzDebi
Posted on April 26, 2011 at 6:24pmEven if you want to buy into their theory…that’s still TWICE what it was the day BO took office! Guess they are scaring us into accepting $3.50 as a RELIEF! Screw them…I’ll ride my horse!
Report Post »Netsurfer2
Posted on April 26, 2011 at 6:30pmI never voted for him nor would I ever!
Report Post »Huguenot Descendant
Posted on April 26, 2011 at 6:41pmWhat, are you going to vote for him if the gas prices go down? Hope not, I know I won’t. It would be nice if the gas prices goes down but guaranteed it will be from nothing the Obama administration will have done.
Report Post »seeker9
Posted on April 26, 2011 at 6:56pm@encinom
So if a prediction does not come true, it is a lie? You ever checked BHO’s economic predictions? You will need a dump truck to carry around all the “lies”..
Report Post »calebgs83
Posted on April 26, 2011 at 6:58pmMy dog is a more competent economist than these idiots!
Report Post »hauschild
Posted on April 26, 2011 at 7:06pmThere’s no end to number of ways the minions attempt to prop-up the Marxist.
And, we probably haven’t seen the big guns yet.
Report Post »Infected
Posted on April 26, 2011 at 7:18pmI would be willing to pay $6.00 a gallon… The economy crashes and unemployment goes to 15%.
Then these people just might wake up to how out of touch with reality the left is… The spending has got to stop… Even a balanced budget is not good enough,, we need to be under the break even line if we ever intend to be ahead.
Report Post »Snowleopard {gallery of cat folks}
Posted on April 26, 2011 at 7:28pmI hope Obama’s reelection is history anyhow. We need a true AMERICAN in the White House, not another progressive or socialist radical.
Report Post »encinom
Posted on April 26, 2011 at 7:45pm101
Report Post »Posted on April 26, 2011 at 5:48pm
Take a look at the 14.2 trillion dollar dept clock and tell me again how America is recovering… reducing/putting a temporary band aid on gas prices is not the big issue that plagues our demise!
Smoke & mirrors election mode on!
__________________________________________
Debt has nothing ot do with the recovery. Look at how high the debt was during the great depression as a percentage of the GDP. This myth Beck has you believing is just another tool of Beck’s master to get you to fight against your own self interests. How may on this board are defending tax breaks for the upper 1%, while looking for themselves and the rest of the middle class to shoulder additional burdens.
NotaLemming
Posted on April 26, 2011 at 7:53pmHis re-election bid? Let remind everyone on a daily basis who did this. http://yourdaddy.net/2011/04/25/the-sticky-note-campaign-hits-georgia-supermarkets/
Report Post »seeker9
Posted on April 26, 2011 at 7:55pm@encinom
Congress and the administraion are the ones putting burdens on the American people through their totally irresponsible spending. Tax dollars for cowboy poetry??? For turtle tunnels? For swamp mice?
Report Post »MHP
Posted on April 26, 2011 at 8:10pm@encinom
The truckers need to completely shut down the interstate highways nationwide, completely block them off, nobody moves, period. No slowdowns, just come to a standstill and block everybody off.
I saw it happen in 1979 in the NE section of the country. Even truck drivers were shot and killed.
Only way we’re gonna get the gas prices back down.
Report Post »bts61240
Posted on April 26, 2011 at 9:08pmObama who?
Report Post »cemerius
Posted on April 26, 2011 at 9:11pmI suppose ALL these “economists” were handed protractors and slide rules instead of white lab coats?
Report Post »MiketheTrucker
Posted on April 26, 2011 at 9:17pmUnfortunately, the actual results are always “unexpectedly” worse than the “leading economists” predict.
Report Post »snidley-whiplash
Posted on April 26, 2011 at 10:11pmWho the heck would believe anything the Ass ociated Press would have to say.
Report Post »SgtWark
Posted on April 26, 2011 at 11:04pm@ BETTER DAYS – Brother…. This Marine right here…. WILL NOT FIGHT AMERICANS WHO STAND FOR LIBERTY. I swore my life and my dying breath protect and defend the United States against all enemies foreign and domestic. That I will UPHOLD and DEFEND the US Constitution…. I meant every word of it. I will refuse orders to open fire on my countrymen. I may have pledged my life but I will always maintain my soul. And this is a chosen land by God Himself. I will NOT stand there and watch socialism grow under a false regime. If and when that day comes, believe me Brother, you have more US Marines who will be joining up with the Patriots than you know. And ask any ******* son of a b*tch over in Iraqistan…. NOTHING on this Earth can stop a motivated Marine and his rifle, NOTHING.
Marines will ALWAYS fight for Freedom, this much I can guarantee you. I know where my allegiance lies, and it’s to my Country, the REAL America. To the Constitution and what it stands for. To my countrymen who love Liberty and will stand side by side with me to defend it. When that day comes, you’ll have a motivated, well trained and armed BATTALION of Marines standing right with you. Trust me. The commie lib’s have no idea…. they really don’t. :)
Report Post »destinykiera
Posted on April 27, 2011 at 1:32amCommonsenseGuy, woo hoo for you in telling that kool aid drinking Encidumb! Great retort! I am a fan of yours, now!
Report Post »chalkdust
Posted on April 27, 2011 at 3:28am@Encinom
Debt has nothing ot do with the recovery. Look at how high the debt was during the great depression as a percentage of the GDP. This myth Beck has you believing is just another tool of Beck’s master to get you to fight against your own self interests. How may on this board are defending tax breaks for the upper 1%, while looking for themselves and the rest of the middle class to shoulder additional burdens.
Yes, debt has nothing to do with “the” recovery if you take a very very shallow viewpoint. It does not matter that interest payments alone will soon rival entitlement spending. We can just steal, I mean tax the rich more. We can take 60 to 70 % of there money and they will be fine. There won’t be any adverse consequences. Oh, I think we already take that much. Ah, whats a few more percent to these guys. The current tax code will have to disappear or at least large sections of it so the top 1% will not have any shelters and you know every politician in Washington is salivating over simplifying the tax code.
Report Post »Oh wait I forgot about those evil corporations. Will tax the crap out of them and with everything we take from those rich people, debt smebt. They will not pass along any tax hikes to the consumer as a cost of doing business. They wouldn’t dare. Who does that anyway?
Besides, as you pointed out, our debt to GDP ratio in the great depression was high and we are just fine today. We don’t have a world war in our future, we hope, or a manufacturing base to get us out of this massive debt that we have no real way of paying but we will overcome. Lets not forget the nuclear option, hyperinflation. So, we have options and no consequences that I can see…
What kind of a fool would think that debt could somehow destroy a country or have any adverse effects? Beck and anyone else who’s honest with themselves.
avenger
Posted on April 27, 2011 at 6:18amsure…there is an easter bunny,the check is in the mail and I will not come in …….
Report Post »smithclar3nc3
Posted on April 27, 2011 at 9:12amI would hardly call 3.50 a gal good news. What the eff is the writer smoking to call 3.50 a gal good news.
Report Post »jackrorabbit
Posted on April 27, 2011 at 9:57amSomeone isn’t studying the FED effect, and the money inflation effect. If the economy did “take off”, and the banks started to loan out the money that they hold, then we are in serious trouble. The velocity of money, Glenn covered this last night, could become a crushing weight of inflation, perhaps even hyper-inflation.
Report Post »VET4TRUTH
Posted on April 27, 2011 at 1:09pmWOW! $3.50, so much better than $4 or $5. The “Overton Window” shifted.
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