High Gas Prices Caused the Great Recession not Wall Street and the Housing Bubble

Discussion in 'Politics' started by Syphon, Feb 27, 2012.

  1. Syphon
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    Syphon BANNED

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    Santorum: High gas prices caused the recession – CNN Political Ticker - CNN.com Blogs

    - Rick Santorum argued Monday that it was high gas prices, not dubious lending practices or complex Wall Street trades, which torpedoed the housing market in 2008 and brought on the current prolonged economic slump.

    "We need to look at the situation with gas prices today," Santorum said. "We went into a recession in 2008 because of gasoline prices. The bubble burst in housing because people couldn't pay their mortgages because they were looking at $4 a gallon gasoline."

    and this guy thinks he qualified to be president?? :cuckoo:
     
  2. psouth100
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    psouth100 Rookie

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    Well that's a new one. Some decent spin by his people. I doubt it will help or hurt him, though.

    Starting tomorrow all the focus will be on the winners in Arizona and especially Michigan. This little line will be a complete afterthought after Tuesday's all-day primary coverage.

    Instead he will be busy trying to explain away a close loss in Michigan and a decisive loss in Arizona.
     
  3. Syphon
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    Syphon BANNED

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    just when you think youve hear the most ridiculous thing Santorum could say, he reaches back and spews this little gem out of his mouth.

    this guy is a comedians dream.....
     
    Last edited: Feb 28, 2012
  4. editec
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    editec Mr. Forgot-it-All

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    I think it might be not unreasonable to say that the spiking in gas prices from 2004 through 2008 probably kicked off the recession.

    But had those prices spoiled and the RE market NOT been so overpriced and had the BANSTRS not been sitting up their own customers to take a fall?

    The spiking gas prices of that period would NOT have caused the mess they HELPED kick off.

    FWIW, if the current spike in energy prices continues?

    I suspect this economy is going to tank again.
     
    Last edited: Feb 28, 2012
  5. sparky
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    sparky VIP Member

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    So now what?

    Occupy the local gas station?

    well at least they've ciggies & booze....

    ~S~

     
  6. OtaniKitano
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    OtaniKitano Active Member

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    The GOP leaders are frantically scrambling with these two idiots in the forefront: Medieval Man and MittBot. "I'll bet $10,000" that they are massaging Jeb Bush as we speak to jump into the race and keep the Republicans from imploding.
     
  7. skookerasbil
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    skookerasbil Gold Member

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    HOLY MOTHER OF GOD

    The lefty k00ks on here will say ANYTHING!!!



    Funny though...........here in New York, every time I have to fill up my high powered Mustang with 93 octane at $4.39/gallon, its bittersweet because though it drains my wallet, when I finally top it off I realize this fraud of a president is going down in just a few months FTMFW!!! LMAO>.......and people probably wonder why is that guy doing a burnout right out of the gas station.
     
    Last edited: Feb 28, 2012
  8. TakeAStepBack
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    TakeAStepBack Gold Member

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    I'll take that bet. No one else is going to enter into a primary that is almost up. The name of the GOP primary game, is delegates. Anyone who jumps in now would put themselves at a major disadvantage. All it would be for is the pony show.

    Mitt and Ron Paul are the horses IN this race. Paying attention to Santorum is simply comedy relief.
     
  9. Douger
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    Douger BANNED

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    Just the fact that murkins even know who Santorum is is proof that you are 100% fucked.
     
  10. Syphon
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    Syphon BANNED

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    probably gonna be a brokered convention anyways.
     

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