Max Dalton profile image 81

Will $5 gas ruin our economic recovery?


That's provided that you actually think we're in an economic recovery. I think $5 gas, at its core, increases the cost of consumer goods and decreases the disposable income that households have available, which results in decreases consumer spending. As a result of all this you'll see that the manufacturing cost of goods goes up, which cuts into a company's earnings, which means the cost of goods for the consumer goes up. As a result, company's sell fewer products and have lower earnings....... In short, a dependency on foreign oil will eat this country alive. Thoughts?

 

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John Coviello (Rock_nj) says

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