On November 17, gas prices had dropped to $1.99 in Bakersfield, California, due to falling Oil prices (Photo credit: Wikipedia)
Falling gas prices are a temporary blessing. The real story in falling gas prices is that they indicate a weakening global economy. The citizens of Greece, Spain and elsewhere are tightening their belts and buying less gas and the products that require petroleum to manufacture and transport. Falling gas prices are not good news. Pass the word.
Members of the christening party for the guided missile destroyer JOHN S. MCCAIN (DDG-56) pose for a photograph after the launching at the Bath Iron Works shipyard. They are from left to right: Sen. John McCain; Mrs. Roberta McCain; Sidney McCain; Meghan McCain, maid of honor; and Cindy McCain, sponsor and wife of Sen. McCain. Location: BATH, MAINE (ME) UNITED STATES OF AMERICA (USA) (Photo credit: Wikipedia)
It’s so sad that John McCain didn’t work for Bain while Mitt did. There would have been so many rhyming opportunities.
The highway to the Tbilisi International renamed GW Bush Street (Photo credit: farflungistan)
The economy in Spain is so bad that it’s really a depression, not a recession, and that will affect the others members of the Euro club and eventually the US. The GOP is betting that this year’s election in November will hinge on the economy getting worse before the vote. And they will do everything in their power to make it happen. Barack won in 2008 because the Great Recession was evident to all voters during the final months of the GW Bush presidency. Look for a repeat this fall if Mitt’s friends and supporters have their way.