jhm47

Gas Price: We've Had It Good for a Long Time

Housing crisis? You bet! Interest rates too high for people to make their payments? Only part of the problem. High energy prices are the cause of the current "housing crisis". Since America is totally dependent on transporting everything we use from point "A" to point "B", and the cost of this transportation has doubled, inflation was certain to creep up (farmers have to transport fertilizer from their suppliers to their farms, tractors have to spread the fertilizer and plant the crops, combines have to harvest the crops, the crop has to be hauled to market, it is then hauled to the processor, then to the retail distributor, from there to the retailer, and finally the retail customer has to drive to the supermarket to purchase the final product). Since the price of fuel has tripled, the cost of each of these steps has about doubled. This is the major cause of the housing crisis, NOT interest rates. If the $ that the average American now spends on fuel, and could use the difference in $ that virtually everything that he purchases to make his mortgage payments, we wouldn't have a "housing crisis".

And---the trillions of $$$ that we are sending to the middle East for oil is now being used to finance terrorism against us. We are being destroyed from within by our own government policies.