rs261
Lowering demand for gasoline would drive prices down…assuming the supply of gasoline remains constant. It does happen, it can happen.
Again, I havent commented on regulation vs deregulation. I think the massive bailouts are a bad idea. Does a 1.5% interest rate with low inflation during clinton times have anything to do with a housing boom? Do people getting in over their heads in a mortgage have anything to do with the collapse of mortgage companies? Granted, if banks didnt offer up fancy negative amortization loans a lot of those houses wouldnt have been bought…is that better or worse?
Hey, I’m all for stopping subsidies on oil companies, farmers, steel manufactuers, importers, exporters, software companies, or anyone else. I’m not for more drilling, im not for more oil. Nor do I see where you got that from my previous posts.
The republican congress/senate may have passed the Gramm-Leach-Bliley Financial Services Modernization Act of 1999 (which McCain voted for), but Clinton signed it into law…and then I believe, boasted about the rise in home ownership.
Do I think it was a good thing? Not now…but hindsight is after all…you know…