October 17, 201214 yr I haven't read any transcripts but I'm pretty sure I heard the President say something along the lines of, gas was under $2 because we were on the verge of an economic collapse. Can someone explain that to me? We were discussing the same thing this morning at my work place. If that were the case shouldn't gas still be fairly low? And why wasn't gas much higher in the late 90's? I think that answer was a stretch.
October 17, 201214 yr These town hall type debates always make me think of the SNL skits where Dana Carvey as HW Bush pretended to be an undecided voter in order to ask a question.
October 17, 201214 yr Okay, here's where the polls are losing me... The CBS poll had Obama winning last night's debate by 7 points. I would call it a draw myself, but I think one can make the argument that the President narrowly won. No big deal there. But then CBS also has a poll where people think Romney won on economic issues by an overwhelming margin. I didn't see the numbers, but heard some of the talking heads mentioning it, and it was something like 65% felt Romney did better/would do better on economic issues. So my question is this: The economy is obviously the #1 issue, and I'm not sure there is a close #2. If this is the case, and voters feel like Romney is better equipped to deal with this by such a large margin, then why is the race a statistical tie? I've long held the view that America does not want Barack Obama for a second term. But America is less satisfied with what Republicans have had to offer as an alternative. But if Romney is viewed as being this much stronger than Obama on the most important issue...well, it just doesn't add up. :confused: This goes over to the thread on the value of the debates. It's largely theater.
October 17, 201214 yr These town hall type debates always make me think of the SNL skits where Dana Carvey as HW Bush pretended to be an undecided voter in order to ask a question. I was just watching that one the other day. Pretended to be a Latino, then pretended to be "Barbara B." Good times. :lol:
October 17, 201214 yr [ATTACH]37789[/ATTACH] :lol::lol::lol: By the way, your retweets about Michael Jones were hilarious last night. :lol::thumb:
October 17, 201214 yr :lol::lol::lol: By the way, your retweets about Michael Jones were hilarious last night. :lol::thumb: I keep waiting for someone to address the real issue of the debate. Why is Mike Jones' stuff so expensive?
October 17, 201214 yr It wouldn't be as expensive he requested his free cell phone that the President is giving away.
October 17, 201214 yr I haven't read any transcripts but I'm pretty sure I heard the President say something along the lines of, gas was under $2 because we were on the verge of an economic collapse. Can someone explain that to me? We were discussing the same thing this morning at my work place. If that were the case shouldn't gas still be fairly low? And why wasn't gas much higher in the late 90's? I think that answer was a stretch. The President's answer was not a stretch. It was dead on. The price of gas was over $4 in August of 2008. It dropped soon thereafter. Why? Economy went south. Gas prices went south with it. When the economy gets back to being anywhere near strong the gas price will most likely soar above $4. As to question of why wasn't the price high in the 90s when the economy was strong it's simple. In the 90s there was a vast supply of cheap oil. That vast supply of cheap oil doesn't exist today. We'll never see gas prices down anywhere near $2 IMO. While the supply of cheap oil has decreased dramatically the world demand has exploded unlike the 90s. We now have huge demand from China, for example. That demand combined with low supply is what is keeping gas prices higher today than we would expect if we are using the 90s as our basis for comparison. Do yourself a favor and read the following book. It's not wonk-ish. It's very easy to follow the explanations. Why Your World Is About to Get a Whole Lot Smaller: Jeff Rubin: 9780307357519: Amazon.com: Books
October 17, 201214 yr The President's answer was not a stretch. It was dead on. The price of gas was over $4 in August of 2008. It dropped soon thereafter. Why? Economy went south. Gas prices went south with it. When the economy gets back to being anywhere near strong the gas price will most likely soar above $4. As to question of why wasn't the price high in the 90s when the economy was strong it's simple. In the 90s there was a vast supply of cheap oil. That vast supply of cheap oil doesn't exist today. We'll never see gas prices down anywhere near $2 IMO. While the supply of cheap oil has decreased dramatically the world demand has exploded unlike the 90s. We now have huge demand from China, for example. That demand combined with low supply is what is keeping gas prices higher today than we would expect if we are using the 90s as our basis for comparison. Do yourself a favor and read the following book. It's not wonk-ish. It's very easy to follow the explanations. Why Your World Is About to Get a Whole Lot Smaller: Jeff Rubin: 9780307357519: Amazon.com: Books Without reading the book, if the economy went south and gas prices went south, why is the economy still south and gas prices are north? I know, read the book. I want an answer now.
October 17, 201214 yr Without reading the book, if the economy went south and gas prices went south, why is the economy still south and gas prices are north? I know, read the book. I want an answer now. World demand is still high. Supply of cheap oil is low and getting lower. The new supply of oil is expensive to get to market. And "went south" is a relative term.
October 17, 201214 yr Without reading the book, if the economy went south and gas prices went south, why is the economy still south and gas prices are north? I know, read the book. I want an answer now. Exactly but we're not supposed to notice that.
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