Educational!!!!

[LITE-INN]

http://www.nytimes.com/2012/11/24/bu...some.html?_r=0

[kidrock]

yeah as long as we have a bozo running this country

No you don't understand. The elitist controls all the money. And they will control supply and demand. That's why the President has nothing to do with it. I know you don't understand it and I wouldn't even expect you to. You have proven that to me many times over.

[LITE-INN]

No you don't understand. The elitist controls all the money. And they will control supply and demand. That's why the President has nothing to do with it. I know you don't understand it and I wouldn't even expect you to. You have proven that to me many times over.

seems funny when bush was inoffice it was his fault now obama its not and the biggest farce Al gore with his global warming but yet he's big oil man

[LITE-INN]

http://www.financialnut.com/who-controls-gas-prices/

[Hollis]

Food for Thought

http://www.marketwatch.com/story/cap...id=yhoof2Agree or not with the article? "WE THE PEOPLE"??

[LITE-INN]

with out capitalism how do you think this very webiste exist think about that and read some of the gems he has written out with bernanke in with BLOOMBURG really now

[Hollis]

Capitalism is not at fault. It is the "Capitalist" that helped build our great nation that has basically forsaken America. Most could easily fly most any nations flag!!!!

[Clayton_Wetter]

Crony Capitalism

"I believe we no longer have free market capitalism and we no longer have a democracy," says David Stockman, the blunt-talking former Michigan Congressman and Director of the OMB during the Reagan administration.

What now exists at the heart of the U.S. economy, Stockman argues, is "crony capitalism" - a system that benefits and even rigs the system in favor of America's banks and bankers at the cost of average Americans. It's a system built on the back of government-issued bailouts and free money. "The Fed is the great enabler" through its free money policies, which "generate results the market wouldn't otherwise provide for," he says.

For example, banks - which caused the 2008 economic and financial crisis - are enjoying profits once again as so-called "risk assets" reflate. Meanwhile, well-meaning members of the middle class intent on saving cash continue to get "savaged" (Stockman's word) when they keep money in low-yielding savings accounts and rely on a dollar that continues to lose value.

When Bernanke & Co. allow banks to borrow money at no cost for so long it turns "capital markets into a rip-roaring casino that really is not productive for the real main street economy and is generating windfall gains for to a very limited number of people for no good purpose," Stockman tells Dan Gross in the accompanying interview.

These policies are nothing new, Stockman says, but "crony capitalism" hit new levels of absurdity in the recent past with the bank bailouts and the auto bailouts.

How do we get back on track?

According to Stockman, the Fed should raise rates immediately and end the possibility of more bailouts.

[balljoint]

That's why I always thought the supply and demand thing was a big joke. They can manipulate the supply and demand anytime they want.

I understand what you are saying.

However it is does stand true in a competitive free market without monopolies or collusion between competitors.....which is exactly what the oil market DOESN'T have.



To drop prices we need:
1) no overseas shipping of refined oil.
2) a product with a shelflife
3) less goverment regulation to open up market for more competitors. And not more guys who are 'buddies' More true competitors.

It doesnt help either that this is a now a GLOBAL market. So even if we use less domestically, that wont change the global demand.

I would like a state run oil and see how it works out.

[balljoint]

Capitalism is not at fault. It is the "Capitalist" that helped build our great nation that has basically forsaken America. Most could easily fly most any nations flag!!!!

tell that to ss12. He must have read some anticapitalism stuff somewhere and drank it up. Only they wont tell him their alternative plan.

Capitalism isnt about wallstreet CEOs and offshoring. Most people dont know what a free market is anymore thanks to goverment regulation, monopolies etc.

[LITE-INN]

amen to that

[Clayton_Wetter]

Free market Capitalism must be destroyed. Always the goal of any Communist or Totalitarian movement.

[LITE-INN]

clayton watch it they will call you a a liar and a crook

[Clayton_Wetter]

clayton watch it they will call you a a liar and a crook

Anyone who doesn't believe in free market capitalism can call me anything they want, but that doesn't change the fact that they are wrong!!! lol

The Truth Lives Here!!!

[ss12]

Hey Clayton and light in the rear end, are you 2 still shopping at wal-mart?