Sunday October 12, 2008

I've Been Thinking:

The weekend brought what should be some good economic news.
The price per barrel of oil dropped to about $78.

That news should make people feel better.
That news should be heralded by the present president and the presidential wannabes to shore up the economy

Of course, one of the reasons the price went down is because the speculation market is expecting lower demand given the economic crisis, but right now everyone should just go with the flow.
The lower cost of oil is exactly the spin that could jumpstart markets and get them back up and running.
The lower cost of oil can serve to provide both consumers and investors with the strength, the oomph, to jump back.

I would have liked to hear the candidates discuss this change in oil prices, but I didn't hear it because neither of them mentioned it.
When you have an item that can make people feel better, use it.
Anyone who knows anything about the economy knows that attitude is everything.

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