How is the economy supposed to recover when people can't afford to fill the tank?
Sentiment: NEGATIVE
When it costs $50 to fill up our gas tanks, it impacts every aspect of our daily lives and the community.
It doesn't take a degree in economics to know that something is wrong when it takes $30 or $40 to fill up the gas tank.
The fact is that the economy is really posed for the kind of recovery that people can see and understand.
The U.S. has been living in a situation of excesses for too long. Consumers were out spending more than their income and the country was spending more than its income, running up large current-account deficits. Now we have to tighten our belts and save more.
Our economy isn't going to recover until the housing market finds its footing.
They still have some money, and they have needs to supply. They must begin immediately to pool their earnings and organize industries to participate in supplying social and economic demands.
A lot of wealthy people, they don't realize they have the alternatives of spending the money for good.
We cannot afford idleness, waste or inefficiency.
If you or me go to the gas station to fill up our car and it costs us much more than we expected, it will zap our discretionary income. We won't have the extra money to buy that washing machine or new winter coat-all big ticket items that are important to economic growth.
And as you point out, for American families who struggle every day to figure out how do they pay, we talk about gasoline prices. That throws budgets into a real problem when you have budgeted really tight.
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