Economy slow down because of fuel/oil prices?

High oil prices cause almost everything (food, home electricity,natural gas, personal items, etc.), but especially gasoline/ diesel to go up in price, crippling budgets. Is oil prices to blame for our bad economy?Economy slow down because of fuel/oil prices?
stop watching fox and read some real news


the economy is crushing becuase of the oil prices but majorily so because of:


1. house makret crush


2. MBS %26amp; MBO crush (aka credit crisis)





Wall Street is freaking out and everyone is losing doughEconomy slow down because of fuel/oil prices?
We're all in debt, so we're not spending money ('cause we don't have any.)





That's why.
This is going to be the United States worst nightmare. Our ego has finally consumed us with the ';Paris Hilton'; wannabe's the bling bling lifestyle, credit cards galore, intrest only loans, moving credit balances for a low variable rate, paying for college on credit, and many many other dumb things we have done as private citizins. But the ones who have screwed it up the most is the CORPORATIONS. Everything needs to be cheap so we outsource the production of almost every item we use, now even customer service. We use to be an industrialized nation ,but now we are a service economy. We dont really produce anything so we dont really have assets. Like for example, when we made the cars from scratch here in the US, if something happened, you could atleast sell the steel. Well now the steel is in China and India. On top of that we want to ';SPREAD DEMOCRACY'; and we have, so now you have 1 billion people in China and another billion in India, with our jobs (no labor laws, cheap labor, no benefits, unions, safety boards, and an endless supply of workers) and guess what ??? THEY CAN NOW AFFORD CARS or motor scooters and mass transit and heating and plastic (almost everything in our homes has oil in the product and used oil to get to our homes and now thier homes). So you have the Saudis sitting there will all this oil being like, those cheap *** Americans dont want to pay for the oil like the Europeans do, so screw them. China and India have 2 billion people, are the fastest growing economies, and are about 3000 miles closer. Plus they dont stick a nuclear missle up our *** everytime they get pissed.





So they are now in the market for oil. Which trades as a commodity. Well now that the dollar has fallen to an embarrassing exchange rate of less than the Canadian dollar, our money does not go as far when we are trying to buy that oil.





The thing about the oil that outrages me the most, is the gas stations. Here in the USA. Oil prices hit record highs, coming on the boat all the way over in the Persian Gulf, and somehow that same morning, the gas in the tank below the gas station raises in price too... weird huh....





The problem started because americans start putting things like GAS on their credit cards.. and now have nothing to show for it. We all are suppose to use the credit cards when we need a little extra help. Now They Maxed! There is no extra money. Its gone. Bail out after bail out, the banks, credit companies, and so forth will be saved, the people will get screwed, and somehow a ceo will still have his new benz every year and a huge bonus. God bless them