Read the sub-heading under the YaHeadline…
Yahoo Pissing On Our Leg and Telling Us It’s Raining. Aren’t you so relieved that you can now not be afraid of gas prices north of $4.00 per gallon? Four dollars is not so bad. Hey Yahoo, why are folks driving fewer miles? Perhaps because they cannot AFFORD to drive more? Maybe fewer and fewer and fewer folks are working so they have no real reason to drive. Can those citizens afford the higher gas prices?
I should go back sometime over my previous posts to see how many times I’ve mentioned the fact that far too many Americans lack a basic understanding of economics. You would think by now and knowing this fact that I would somehow be immune to the stupidity and let it go. It seems that I cannot.
Yet again an Associated Press story is the muse of a Parsimony post. I don’t seek out AP stories, but it often seems like their reporting often shows the bias of the mainstream media. This article is just in time for the 2012 election cycle and puppets Obama’s misspeak (by misspeak I of course he blurted out what he really believes) regarding government’s role in funding private business. By the way this was a front page article in my local “conservative” newspaper.
First the headline (with a link to the original story)…
…Now the story with my bold comments:
This was forwarded by a friend. I have had to make some format changes and couldn’t help make a few comments of my own…
Here is our change from January 2009 to today!
SOME WILL APPRECIATE THIS AND SOME WILL NOT. HOWEVER, ALL OF IT IS TRUE.
After three years of Obama ….Here’s your change!
• Avg. Retail price/gallon gas in U.S.
Today: $3.44 (this was several weeks ago and the average price is over $4.00)
• Crude oil, European Brent (barrel)
…and tell me it’s raining!
Unemployment: If you listen to the White House and the mainstream media puppets you’ll think unemployment is trending down and at 8 percent as of February 2012. Too bad the numbers are cooked (FYI all administrations cook) and are quite misleading…okay not “misleading” but flat out lies. Gallup offers real unemployment numbers;
REAL UNEMPLOYMENT IS 19.0 PERCENT
If you want to compare the numbers the White House uses then Gallup determined that rate to be 9.0 percent;
Finally there is news that President Obama’s “stimulus” has had some positive effects on our economy. The usually Obama-cheer-leading Associated Press has produced a very deep “news” article boasting the fact that gasoline prices are finally coming down and some predict prices as low as $3.25 per gallon within a month. First I’ll believe and welcome that when I see it. Second there is a rather sinister reason for the recent price drop.
I’d like to suggest that the Obama Administration be renamed the OBA Administration or the Obama Back-Assward Administration. When most of us have a problem we try to find and fix using logic. For instance, my car was having some trouble starting so I had the battery and alternator checked. If I were to act like the Obama Back-Assward Administration, I would probably have my key checked. It would be funny except that these folks are “running” the country or should I say “ruining” the country…
There once was a story about a Gov. named Ed, poor Philadelphia man, mostly kept his state in red, then one day he was spendin’ out his a#%, and out from the ground game a hissin gas…Marcellus that is, natural gas, Pennsylvania cash…
If it helps that introduction sort of goes with the Beverly Hillbillies theme song [a show on TV Land for those of you under forty].
This is a rather simple equation that should be used whenever a group suggests that something won’t have an impact on consumers or expresses a desire to tax (or charge fees) for some industry or demonize profits from some large industry.
C = Cost to produce something
P = Profit needed by company to make it worth the risk to produce something
PC = Price to consumer
It seems like the price of gasoline jumps ten to twenty cents between each time I need to fill my tank. I don’t have a particularly long commute and I am able to start work early to avoid most traffic, but between work and play I fill up twice a week. The price of crude oil is again spiking hurtling us ever closer to four dollar a gallon gasoline. Perhaps the bigger story is how quiet Congress and the lame-stream media are on the high prices; I should point out that not only gas prices are skyrocketing – media also fairly silent. It’s almost as if they are trying to protect someone or like the high prices.