Since when has a war in your lifetime caused gas rices this high

[g5000]

I sure as hell dont
And I can go back to Korea

Pretty lame excuse

You must have Alzheimer's. I well remember the long gas lines of the 70s.

Long lines, high prices and fisticuffs: The 1970s gas shortages fueled bedlam in America​

Then, the “oil shocks.” First, in 1973, when Arab oil exporters imposed an embargo on the United States and many of its allies in retaliation for American support of Israel during the Yom Kippur War. An aide to President Richard M. Nixon called it “an energy Pearl Harbor.” Then, after Iran ousted its shah in 1979, the country’s oil production dipped and OPEC, the Organization of the Petroleum Exporting Countries, raised prices, triggering another shortage.

 

[B. Kidd]

Something with the texture is just plain wrong.

But I love em'!
Must be the sweet onion.

 

[Zincwarrior]

Crude oil prices are different than gasoline prices, retard.

You're a dishonest piece of shit.

You do realize that has is distilled from oil...

 

[BluesLegend]

Biden gas is still $5.07 a gallon here and because our liberal state hates diesel fuel their hate diesel taxes pushed it to $5.49 a gallon.

 

[B. Kidd]

Biden gas is still $5.07 a gallon here and because our liberal state hates diesel fuel their hate diesel taxes pushed it to $5.49 a gallon.

Unleaded $5.39 gal. in Nevada, 2nd only to Cali, and looks to push higher.

 

[BluesLegend]

Unleaded $5.39 gal. in Nevada, 2nd only to Cali, and looks to push higher.

Goddamn that's high. Why do Democrats hate the poor and working class?

 

[francoHFW]

FDR and the Democrats made a recession into the Depression......on purpose.

FDR's policies prolonged Depression by 7 years, UCLA economists calculate​

Newsroom

newsroom.ucla.edu

Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt.



After scrutinizing Roosevelt's record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.



"Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump," said Ohanian, vice chair of UCLA's Department of Economics. "We found that a relapse isn't likely unless lawmakers gum up a recovery with ill-conceived stimulus policies."

362536

Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt.



After scrutinizing Roosevelt's record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.



"Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump," said Ohanian, vice chair of UCLA's Department of Economics. "We found that a relapse isn't likely unless lawmakers gum up a recovery with ill-conceived stimulus policies."



In an article in the August issue of the Journal of Political Economy, Ohanian and Cole blame specific anti-competition and pro-labor measures that Roosevelt promoted and signed into law June 16, 1933.



"President Roosevelt believed that excessive competition was responsible for the Depression by reducing prices and wages, and by extension reducing employment and demand for goods and services," said Cole, also a UCLA professor of economics. "So he came up with a recovery package that would be unimaginable today, allowing businesses in every industry to collude without the threat of antitrust prosecution and workers to demand salaries about 25 percent above where they ought to have been, given market forces. The economy was poised for a beautiful recovery, but that recovery was stalled by these misguided policies."



Using data collected in 1929 by the Conference Board and the Bureau of Labor Statistics, Cole and Ohanian were able to establish average wages and prices across a range of industries just prior to the Depression. By adjusting for annual increases in productivity, they were able to use the 1929 benchmark to figure out what prices and wages would have been during every year of the Depression had Roosevelt's policies not gone into effect. They then compared those figures with actual prices and wages as reflected in the Conference Board data.



In the three years following the implementation of Roosevelt's policies, wages in 11 key industries averaged 25 percent higher than they otherwise would have done, the economists calculate. But unemployment was also 25 percent higher than it should have been, given gains in productivity.



Meanwhile, prices across 19 industries averaged 23 percent above where they should have been, given the state of the economy. With goods and services that much harder for consumers to afford, demand stalled and the gross national product floundered at 27 percent below where it otherwise might have been.



"High wages and high prices in an economic slump run contrary to everything we know about market forces in economic downturns," Ohanian said. "As we've seen in the past several years, salaries and prices fall when unemployment is high. By artificially inflating both, the New Deal policies short-circuited the market's self-correcting forces."



The policies were contained in the National Industrial Recovery Act (NIRA), which exempted industries from antitrust prosecution if they agreed to enter into collective bargaining agreements that significantly raised wages. Because protection from antitrust prosecution all but ensured higher prices for goods and services, a wide range of industries took the bait, Cole and Ohanian found. By 1934 more than 500 industries, which accounted for nearly 80 percent of private, non-agricultural employment, had entered into the collective bargaining agreements called for under NIRA.



Cole and Ohanian calculate that NIRA and its aftermath account for 60 percent of the weak recovery. Without the policies, they contend that the Depression would have ended in 1936 instead of the year when they believe the slump actually ended: 1943.



Roosevelt's role in lifting the nation out of the Great Depression has been so revered that Time magazine readers cited it in 1999 when naming him the 20th century's second-most influential figure.



"This is exciting and valuable research," said Robert E. Lucas Jr., the 1995 Nobel Laureate in economics, and the John Dewey Distinguished Service Professor of Economics at the University of Chicago. "The prevention and cure of depressions is a central mission of macroeconomics, and if we can't understand what happened in the 1930s, how can we be sure it won't happen again?"







1. While "The Depression" is probably the only economic downturn ever studied in government schools, few ever speak of any depressions or recessions prior to the "Great Depression."
Know how many there were?
Over thirty. And the average length was a couple of years.
List of recessions in the United States - Wikipedia, the free encyclopedia

This was a WORLD depression duh...Great Job!! How did deregulation and 10% margin buying work out? lol. Conservative economists are a serious joke...1929 and 2008 were really super GOP efforts lol...2020 another beauty....WAKE UP!!

 

[francoHFW]

Goddamn that's high. Why do Democrats hate the poor and working class?

What happened to "presidents have little control over gas prices"? Sure the pandemic and Putin and OPEC have nothing to do with it...lol. Super dupe ignoramuses everywhere...

 

[B. Kidd]

This was a WORLD depression duh...Great Job!! How did deregulation and 10% margin buying work out? lol. Conservative economists are a serious joke...1929 and 2008 were really super GOP efforts lol...2020 another beauty....WAKE UP!!

Some super long dots that you're trying to connect, boyo.
You left out alot of economic process changes like no more gold standard, market stops trading off a mega daily drop, etc., etc..
No one takes you seriously anymore, Super-Dupe!
Go pitch yer' tent at another board cause you're wasting people's time here!

 

[DarthTrader]

What happened to "presidents have little control over gas prices"? Sure the pandemic and Putin and OPEC have nothing to do with it...lol. Super dupe ignoramuses everywhere...

Meanwhile Biden empties our Strategic Patroleum Reserve to lower oil price by a whole fucking $Dollar!

 

[Staidhup]

Gas prices depend on supply and demand, however, when you kill pipelines there are consequences. Don’t worry uncle joe will take care of you, and your money, he knows best. Maybe he will buy every American an electric car!

 

[B. Kidd]

Meanwhile Biden empties our Strategic Patroleum Reserve to lower oil price by a whole fucking $Dollar!

It's a lame political shitshow.

American's taste for shit has preferentially drifted upwards!

 

[BluesLegend]

What happened to "presidents have little control over gas prices"? Sure the pandemic and Putin and OPEC have nothing to do with it...lol. Super dupe ignoramuses everywhere...

Yes Dems continue to tell that lie while doing everything they can to block oil and gas in the USA.

 

[francoHFW]

It's a lame political shitshow.

American's taste for shit has preferentially drifted upwards!

That's an intelligent move while waiting for oil production to ramp up DUH dupe...

 

[francoHFW]

Gas prices depend on supply and demand, however, when you kill pipelines there are consequences. Don’t worry uncle joe will take care of you, and your money, he knows best. Maybe he will buy every American an electric car!

Which actually start at $20-30,000, SUPER DUPE. Without the anti-AE Big Oil GOP propaganda, we'd already be past reliance on pollutants...GOP always a disaster....

 

[DarthTrader]

Which actually start at $20-30,000, SUPER DUPE. Without the anti-AE Big Oil GOP propaganda, we'd already be past reliance on pollutants...GOP always a disaster....

Please, no electric vehicle costs $20k-$30k. Laughable.

 

[B. Kidd]

That's an intelligent move while waiting for oil production to ramp up DUH dupe...

What oil production? Venezuela's?

 

[DarthTrader]

Which actually start at $20-30,000, SUPER DUPE. Without the anti-AE Big Oil GOP propaganda, we'd already be past reliance on pollutants...GOP always a disaster....

I couldn't drive up the mountain in any of these pieces of shit, and my current car which is cheaper by a bit, is a chick magnet compared to these flaccid-dicks.

4 Best Electric Vehicles Under $35K for 2024 - Ranked - TrueCar

TrueCar has ranked the best electric vehicles under $35k for June 2024. Research the top-performing vehicles on our list before heading to the dealership!

www.truecar.com

 

[PoliticalChic]

This was a WORLD depression duh...Great Job!! How did deregulation and 10% margin buying work out? lol. Conservative economists are a serious joke...1929 and 2008 were really super GOP efforts lol...2020 another beauty....WAKE UP!!

Get off your knees and stop licking the boots of the Democrat Party.

FDR knew how to end the recession, but did the opposite as I showed in linked and documented posts.



Now for the present: why do you support this iteration of the Nazis????
The Democrat Party is now running on full-blown anti-white racism,

socialism,

infanticide,

opposition to free speech,

standing with criminals and felons rather than law-abiding citizens

substituting illegal alien voters for the American citizenry,

support for rioters, arsonists, murderers, and anarchists,

accepting payment from Communist China for future considerations,

and anti-Semitism… the knuckle-dragging, atavistic pagan party.





Now......which is your favorite?

 

[mudwhistle]

This was a WORLD depression duh...Great Job!! How did deregulation and 10% margin buying work out? lol. Conservative economists are a serious joke...1929 and 2008 were really super GOP efforts lol...2020 another beauty....WAKE UP!!

Yep.....who cares that what happens first in America, because of Brandon, effects everyone else in the world.