the napkin math on this must roughly equal the premium they made on $100+ barrel oil over last few years…..
http://www.breitbart.com/article.php?id=CNG.21a790b26de73c80e4048954b0b52ce9.9d1&show_article=1
the napkin math on this must roughly equal the premium they made on $100+ barrel oil over last few years…..
http://www.breitbart.com/article.php?id=CNG.21a790b26de73c80e4048954b0b52ce9.9d1&show_article=1
another great discussion on what caused great depression and how to get out of current disaster.
supporting article:
too bad we couldn’t have spent this money on actual “things” or “stuff”. Or even better, maybe its really like getting out of college with lots of student loan debt, except that you don’t graduate and are dumber than when you started….
perfect – let’s inflate yet another hollow housing bubble by building fannie/freddie on steriods.
Excerpt:
Everyone is coming to Washington with their hands out these days, and the home builders are no exception. The builders are pitching Congress on a two-hundred-and-fifty-billion-dollar stimulus package designed to lower mortgage rates (via federal subsidy) and encourage home buying (via a tax credit). Until home prices stabilize, they argue, there’s no way for the financial markets really to settle down.
http://www.newyorker.com/online/blogs/jamessurowiecki/2008/11/do-we-really-ne.html
part 1
part 2