When George W Left Office Gas Was $1.84 a Gallon

[Sam]

Sigh....

nostalgia just ain't what it used to be

[NorCal]

Originally Posted by deacon blues

George W frustrated me in many ways. The blind followers of BO often cite W for his failures and bad choices while ignoring the horrible leadership we have witnessed since Jan 2009.

And I say that with no hatred in my heart for BO. Just felt like needed to mention that just in case someone might accuse me of hating the man simply because I am diametrically opposed to almost everything this president proposes and defends.

A president is powerless, it is congress that has the true power. The president only has the power to balance congress.

What we saw in the Bush error and in the fist years of the great BO is the Democratic Congress pushing an ultra liberal (almost socialistic) agenda. Hence why the big change over in the house.

For most Conservatives, Bush was a moderate.

[onefaith2]

Originally Posted by Digging4Truth

So you're saying that if GW was still president we'd be paying $1.84 a gallon for gas?

I doubt it.. but maybe the dollar would have a little more power to it and the price would be lower than it is now.

[coadie]

Originally Posted by onefaith2

I doubt it.. but maybe the dollar would have a little more power to it and the price would be lower than it is now.

http://market-ticker.org/akcs-www?post=184898

Market ticker shows the parabolic form in the charts. Dollar down, commodities up.

[tstew]

Just a little perspective...they all play the same kinds of games...

[sandie]

Originally Posted by tstew

Just a little perspective...they all play the same kinds of games...

Where was it 3.46 in '81?

[ILG]

It says "Today's dollars". I asked the same thing until I saw that.

[Jason B]

Originally Posted by sandie

*sigh*

My response to the billboard with GW's picture: "Miss me yet"?

YES

[coadie]

Originally Posted by tstew

Just a little perspective...they all play the same kinds of games...

2 items that make the 1981 spike part of the chart misleading.
Crude was deregulated and the cap on old crude was lifted in January 1981.

It is misleading to reference the middle east war and ignore crude price caps.
I had a new office in OKC and had to close it because of turbulence in the oil business and a quick spike before a crash. In July Penn Square bank folded and a lot of clients couldn't pay their bills.

The problem in economic analysis is the temptation to do a corelation analysis using one variable. I can write 20 variables from my memory that influenced the first 2 quarters of 1981. We had high interest rates. we had scams in transmission and movement of a fungible commodity. Old capped price oil and "new " production crude. Coming off carter era, we had 20% interest rates and painfull unemployment.
A declaration of war gives a short term spike which is usually adjusted giving account to oil stocks.

[sandie]

Originally Posted by Jason Badejo

http://www.therightscoop.com/bush-mo...nded-warriors/