Thursday, May 6, 2010

Gas Prices Caused the Recession of 2008

Okay, this might be just a rant of mine, but it's one spoken through experience: The "Great Recession" of 2008 might have been exasperated by the financial meltdowns on Wall Street and the Housing Crisis, but it was fuel prices that tipped the scale and started the domino effect in the first place. I have a theory that when gasoline goes above $3 a gallon, the economy gets a stain put on it. I know because I think I'm a fairly average person, and when gasoline went above the three dollar mark, chaos in sued in my life, and my lifestyle went downhill.
To be honest, the last election didn't have as much to do with who did sympathize with me on the fuel prices, but who didn't: The GOP, whom I have voted in favor of for years, acted as though rising fuel prices was a good thing. John McCain even mentioned early in his campaign that "the numbers looked good" (meaning the economy) when they clearly didn't. In my mind, it made all of the talk of Bush and Cheney being in the back pockets of Big Oil true.