Persephone29 wrote:
It's someone else's turn, you must accept that. It's been your turn for the last 4 years, with disastrous results. The economy is in the dumps. People can barely afford housing and food now. It was someone else's turn before yours and it will be your turn again when your candidate wins. Anymore, this seems to be a foreign concept. It will be okay, I promise. For the time being, if you can't focus on anything positive, give it about 6 mos and enjoy your first affordable tank of gas in the last 4 years.
So, I have a PhD in Economics and this is just nuts. Gas is as cheap as it was before Covid. The US is producing more oil than it ever has.
Also, the economy is doing fine. Inflation ended about 18 months ago. Unemployment is low and growth is strong.
Its a fantasy to say its horrible. Inflation went up worldwide due to China shutting down supply networks. Biden had nothing to do with it - in fact US inflation was actually below or at world average so we weren't "special."
Also, if you think the President has anything to do with gas - you are ignorant. There is a world market for oil. We are nothing in terms of producing even if we produce a lot.
If you want cheap gas but produce oil here in the US - its a contradiction because the US produces oil precisely because oil has been above 60-80 a barrel for a while now. US oil is about $60 a barrel to produce whereas Saudi is $7.
Regarding housing - the reason its expensive is because of LOCAL land use restrictions. It is regulation, but it is LOCAL ones. And those regulations are popular with nearly all Americans.
Blaming the Federal government for high housing costs is idiotic.
The fact that many homes are owned by investors, rather than actual residents, shrinks supply and raises prices.