"Oil prices top $75, first time in a year" by Associated Press | October 15, 2009
NEW YORK - Oil prices rose above $75 a barrel yesterday for the first time in a year because of a weak dollar and the belief that the holiday shopping season will put more traffic on the roads....
Yes, let's not rely on MARKET FUNDAMENTALS as the DOLLAR DIES, let's HOPE CONSUMERS will SPEND MORE of what they DON'T HAVE and what is WORTH LESS EVERY DAY!
Oil prices have wavered mostly between $50 and $70 a barrel since May, with signs of an economic recovery emerging slowly. But a plunge in the dollar convinced many investors to pump money into crude and other commodities as a hedge against inflation. Still, there are scant signs of definitive uptick in demand for fuel, and refiners have been shutting down facilities for that reason. The dollar slumped to a 14-month low against the euro yesterday.
Related: The Dollar is Done
Some analysts also expect diesel fuel demand to rise soon as US truckers get in gear for the year-end holiday shopping season. But burgeoning oil supplies have weighed on oil prices....
Then WHY are they GOING UP?
"There are also hopes that energy demand will rise as the economy recovers. Retail gasoline prices have edged up, but"
I'm SICK of words like, BUT, STILL, etc, etc -- and even MORE SICK of the LIARS who SPEW THEM!!!!!!!
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I'll tell you why, America: Because YOUR DOLLAR is WORTH LESS!!!!
More "believers!"
"Tax credit may be expanded; All home buyers would be eligible" by Jim Abrams, Associated Press | October 16, 2009
WASHINGTON - Believers say it has been instrumental in sustaining an economic recovery highly dependent on housing....
Ya gotta believe!
While the White House says there will not be a second stimulus package following the $787 billion economy booster enacted last February, extending the home buyers’ credit and unemployment benefits are among several primary means being pushed by the administration or Congress to help people get through the prolonged economic downturn.
After being told for months we are in recovery?
"A second economic stimulus package is something “people are going to be looking at,’’ he said"
Oh, that's right, THEY LIE!
Others include continued subsidies for laid-off workers trying to keep their health insurance and a proposal by President Obama to provide seniors and others with a $250 payment to make up for the lack of a Social Security cost of living increase next year....
Oh, I SEE!!!
The ELDERLY get LESS than $5 -- $4.80 a WEEK -- while the BANKS GET TRILLIONS!!!
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Think I am angry this morning? Yeah, I AM!
