While I simply loved buying gas for a 1.71 yesterday, I also know how many people are now out of work because of the low prices...both from the industry and the industries that supply them. More people on unemployment and welfare and more kids having to do without, but hey, at least they don't have to spend as much on gas, right?
You sound like a conservative. Here, in reality...
Lowest number of Americans receiving unemployment benefits in 14 years
... and that was a year ago when the unemployment rate was 5.7%.
There were 18 milion people out of work who wanted a job when Bush left office. Today, with a civilian noninstitutional population growth of 17 million, there are 14 million out of work but wanting a job.
You people who are either blinded by your partisan blinders and attempt to categorize everyone else through them amuse me.
Fact: The lower price of oil has decreased the rig-count and the number of shale-oil producers in the US because at these prices, they cannot make a profit or service their debt (some of these businesses run on nothing but rolling over debt). This has resulted in layoffs and job loss in the industry. It's not rocket science.
Fact: When an industry like oil/gas takes a hit, all those who provide goods and services to those industries also take a hit. Duh, again, not rocket scienct.
Fact: Those who loose their employment resulting from these price levels can either try to wait it out using savings and/or unemployment benefits. Some will also start taking food-stamps and other assistance like WIC
What is unfactual or politically partisan about those above facts?
Idiocrats, meet em everywhere.