Have you found yourself saying this? What American hasn't? I know I have. And then a certain Congressman (he shall remain nameless) made an interesting point. With a little research you will find that in fact, no, the price of gasoline has not gone up. The cost of gasoline has stayed almost exactly the same with virtually no price difference between now at an average of $3.20 a gallon and in 2000 when it was $1.15 a gallon. Allow me to explain.
As of 2/17/00
Oil - $30/ barrel (roughly)
Gold - $300/oz. (roughly)
1 oz. of Gold = 10 barrels of oil
oil -$100/barrel (roughly)
Gold- $985/ oz. (roughly)
1 oz. of Gold =9.85 barrels of oil
The same amount of Gold still buys 98.5% of the same amount of oil. Gold is arguably the world's oldest and most stable currency. So much so that the Constitution specifically states that only gold and silver may be used as legal tender (not that anyone in congress gives a damn what the constitution says).
So have gas prices have gone up? Well, in light of these statistics, no, not really. A more accurate statement might be "Gas prices have stayed nearly the same, but thanks to Congress and the Federal Reserve, the dollar is now worth less than the paper the Constitution was written on, even after they've wiped their collective asses with it."
Once again, this horrible issue rears its ugly head. The issue that the Obamas, Clintons and Mccains of the world will not touch- inflation and monetary policy.
Congress allows this practice of no government oversight for new money creation (probably because the Constitution tells them exactly the opposite) as long as their line of credit is not turned off. We the people have been begging democrats and republicans to compromise on spending FOR YEARS. Well, let's applaud them for a job well done, because they did! However, rather than a compromise with each conceding to cutbacks, they've compromised by saying "Democrats, we'll fund your stuff as long as you agree to borrow to fund ours!"
"It's a deal!!" To the phones they go.
"Yep, thanks Mr. Bernanke, just throw it on our tab.. Yes OF COURSE we told the taxpayers there's interest.. Well, no, they probably don't know 40% of their income tax is used to pay it, but I won't tell if you don't! Oh and of course we're keeping you in tax exempt status, taxes are for working people. You think I just bought my incumbency with the help of the banking lobby yesterday?! Okay, you have a good weekend too. Bye now. :click:
"Oh, that Ben, such a kidder! Okay, got those Treasury bill IOU's written out?? Excellent! Everyone happy?? Okay Republicans, here is our $50 billion war check, Democrats, here is that extra $50 billion we promised in the stimulus package for people on unemployment. Oh and here you go, working class taxpayer, here is the bill! We couldn't have spent your earned wages without you! By the way here's your dollar, which we just devalued by about 60%. Thanks!"
Oh no, thank you Mr. Obama, Mr. Mccain and Mrs. Clinton, for leaving this out and discussing more pertinent issues, such as "Who would you rather have answering the White House phone at 3 am??". That definitely concerns me more than all the bills I can't keep up with, but as long as we're talking about it let's share our answers! Mine? Why, Mrs. Clinton of course! She's experienced! God only knows many times she's fielded those calls only to hear Bill on the other end "Hill! I'm drunk, and I can't find my keys! I think I left them in my pants at what'sherface's house.. but we totally didn't do anything!"