By Micah Halpern
Thursday August 7, 2008
The main issue guiding the US election right now is the price of gas.
Americans are visceral people. We are highly emotional and we have knee jerk reactions for our immediate needs and wants. And right now, Americans are ticked off at the pump. The candidates are trying to put together policy but they won't succeed because neither McCain nor Obama understands the real issue.
It is very simple:
The price of gas will not drop to what it was a year ago, but it will drop to about $100 a barrel and level off to about $100 - $110 per barrel.
I know the candidates went to the best schools we have in the country, but it would have helped had they paid attention in Economics 101.
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