In the last month, the price of Oil has fallen almost 20%, from about $83/bbl to $65.99/bbl on Black Friday; Unleaded gas prices have fallen almost in lock-step, ~15%, although the current prices do not reflect the latest $5 decrease in the price of oil. If I did my math right, that is going to pump around an extra $4 billion into the economy's retail sector by Christmas.
How much of that do you suppose will trickle back down to the middle 40% and bottom 50% of the income scale and how much will stay with the top 10%?
by Ledarral469 years ago
Fight High Gas Prices Now!Americans. It's time to fight high gas prices. I have an easy, but sure way to do it..People try to take on all oil companies at the same time. It can't be done. My...
by My Esoteric3 years ago
To cement the fact that since the 1980s, the rich have been getting richer because the middle class is shrinking and the poor are getting poorer was the recent announcement that the American Middle Class, the bulwark of...
by Holle Abee5 years ago
http://www.realclearpolitics.com/video/ … _bush.htmlBush gas at $3 a gallon bad! Obama gas at $5 a gallon okay and not his fault. Got it.
by Grace Marguerite Williams2 years ago
the past as service and related jobs are either shrinking or being outsourced to overseas countries? The American middle class is slowing become a phenomena of the past. Service and lower white collar jobs are...
by Brian6 years ago
This may not be news to a whole lot of people, but, I am getting sick of this. Why isn't the Government doing anything about it, especially when they know that it is killing our economy? Not, to mention that we are...
by Grace Marguerite Williams4 years ago
Once upon a time, there was a thriving middle class. However, with the current socioeconomic situation, the middle class is shrinking and transforming itself. Those of the white collar and educated...
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