Quote:
Originally Posted by donassaid
What an insensitive and out of touch response. So you are ok with paying 2 1/2 times more for gas than 18 months ago? Double what you paid for milk and other food products in the same time period? I guess you must be a rich liberal who can afford to pay $10/gal for gas if need be. Most of us are not in that boat.
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You did not quote me but apparently you are directing your response to me.
Just because I understand the forces behind the oil business and our economy does not mean that I am ok with this self induced inflation.
I am as unhappy as anyone else but understand the culprit behind this.
The inflation was caused by our govt and world economics.
The Fed took way to long to start to cool the economy by raising interest rates. The govt paid too much money to people not earning as much as others and people got used to being one parent breadwinner so labor force participation is way down and the resulting shortage of workers caused wages to increase substantially.
Further our govt in its infinite wisdom decided oil was bad and promoted electric vehicles and discouraged expanding oil production which was decreased during covid.
As a result of all this we are all paying more for the products we use every day.