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Why Cheaper Oil Won't Save Us

November 2, 2008 RSS Feed Print

When will economist Mike Darda, a former superbull, turn away from the dark side? Not yet: "In any event, the energy debate seems like a sideshow considering that households are carrying record levels of debt and near-record levels of debt service payments against the backdrop of 1) a sharp decline in household net worth due to collapsing home and equity prices; 2) a weakening labor market; 3) tight credit markets; and 4) a near-record low fraction of liquid deposits to total liabilities."

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I love life

Eric of AK 7:16AM March 31, 2009

You see many false remarks regarding Senator (Soon to be President) Obama's economic plan. So many jumping to miss charaterize and say he is wrong. Soon folks will see that a rational approach to the economy is the only approach that makes sense at this time. What we have had as leadership has not worked. So the negativity should be focused where it belongs on past poor performance. You can save your judgement for Senator Obama when he delivers results. Debate needs to be open and fair so as to arrive at the truth. When one things they own the truth be prepared to run from them as quickly as you can. When you see results of a rational, thoughtful process you will be pleasantly surprized.

BBK of FL 6:34AM November 03, 2008

Why Cheaper Oil Won't Save Us

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