Yesterday I received my "stimulus check" from the Federal Government. Having a low Social Security number and Direct Deposit, I was among the first to receive my check from the government. My first purchase: a full tank of gas.
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Because of my meager income, I try to put off buying gas for as long as I possibly can, <...> While $2.69 seemed like highway robbery at the time, I was awfully glad I filled up at the time when the price of Regular Unleaded hit a national average of $3.51 a gallon 9 days ago:
...and another nine more cents just six days later:
I was driving around on fumes these past few days, trying to put off buying gas for as long as I possibly could. So when I received an email from my bank Tuesday morning informing me that the government had deposited my "stimulus check", I knew what my first purchase was going to be: a full tank of gas. Did you know the gas pump "dings" when you hit the $50 mark? I didn't until yesterday.
As I'm filling up at the pump, the same thought wouldn't leave my mind: "They might as well of just cut these checks straight to the oil companies because that's exactly where they are all going."
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More and more often, I find myself thinking about the Summer of 2000, Clinton's final year in office. As Texas Governor George W. Bush and his VP-nominee were
talking the economy into a recession at nearly every campaign stop ("The economy isn't as good as they say." he kept repeating over and over until it became a self-fulfilling prophecy), long-haul truckers across the country were threatening to go on strike when the price of diesel rose 20cents in just four months to the unbearable price of $1.49/gal. In
June of 2000, the governor was telling everyone that
if he were President, he'd tell OPEC to "
open up the spigot" to increase the oil supply and bring gas prices down from the unbearable price of
$1.46/gal, up $0.29 from $1.17/gal the year before.
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In 1996, just prior to Bill Clinton's re-election, gas prices briefly fell to just $0.99/gal locally, down from the normal price of about $1.10. Think about that. From Carter to Clinton, 1979 to 1996, in 17 years, the price of gasoline had risen a mere $0.30 (with fluctuations in between, maybe as much as $0.50 at any one point.) When George Bush became President in 2001, the price of Regular Unleaded gasoline was $1.43/gal (up apx 30cents in four years).
A mere three months later, with two Texas oilmen now in office, the "National Average"
price of gasoline "
soared" $0.19 cents to $1.62/gal. This was BEFORE 9/11, so you Bush apologists, don't waste my time with your stale "9/11 changed everything" defense, and AFTER
Governor George Bush said "as President" he'd tell OPEC to "
open the spigot" in order to to bring down gas prices from the lofty high of $1.49/gal.
In the 7 years since George Bush became President, the price of gasoline has risen
252% from a "National Average" of $1.43/gal in April of 2001 to $3.60 today. And only
NOW as the price of diesel broke the $4/gal threshold, have
truckers threatened to go on strike in protest of high fuel prices.
I have no answers, only questions. Why is it when a Democrat is in office, a 30cent rise in fuel prices is worth striking over; a
stock market that grew from just under 340% (3,500 points to 11,723 at the start of the 2000 Presidential campaign) was derided with "
the economy isn't as good as they say it is" and helps get a Republican elected President, but a 252% rise in fuel prices in seven years, a stock market that has risen barely
21% in seven years, despite not one but
two recessions, and a home mortgage market in meltdown, a Republican candidate for President can
describe the economy as "strong" and still be considered a serious candidate for President?
If you have the answer, you are wiser than I.