How long before gas prices result in recession?

[MichiganVote]

Post your opinion. Mine? 3 months, tops.

[bemildred]

1. We are in a recession. nt

[area51]

13. True.

At least a recession, if not a Depression. For anyone who's unemployed & desperately trying to find a job, they know that this economy's dying.

[HysteryDiagnosis]

15. Invest in military hardware.... military contractors... defense

contractors.... but please please don't invest in alternative energy sources, education and other social programs... oh no, don't ever do that.... how sad.

[whistle]

2. When the cost of fuel for the average household consumes....

...most of their discretionary purchasing capability. (i.e. gasoline and energy vs. food)

[etherealtruth]

4. Keep in mind ...

...our food prices are increasing (rapidly) due to high fuel prices.

[sexybomber]

7. yeah, that's the problem

if the price of oil skyrockets, the price of everything skyrockets, because you need oil to do anything, transport anything, or make anything.

[etherealtruth]

9. The middle and working "classes" ...

can be wiped out with one swipe.

Welcome to serfdom American style.

[zoeb]

3. Slipping into one as we write. eom

[Joy Anne]

5. huh?

We've been in a recession since 2001. The administration numbers say otherwise, but they're not showing that the participation in the workforce (% of working-age people who have a job) is extremely poor.

[ThomWV]

6. Next Month's Credit Card Bills

When next month's credit card bills come in people are going to go into shock. It will curtail retail spending in a heartbeat and when that happens this pleasant little bubble is going to go Pop!

[BlueJazz]

8. Ha!..Wait until Winter gets here.

When folks have to spend a LARGE share of their take-home pay on heating and consequently have less to spend in stores...the shit will hit the Fan..

[ThomWV]

11. Home Heating Oil $2.45 a Gallon Here Yesterday

By comparison it was at an all time high last year when it hit $1.25. In this part of the country where natural gas is not available to many homes and the price of electric heat is obscene the choice left to heat these leaking older homes is oil. Old people don't shovel coal well (although coal furnaces are still quite commone here). People are going to freeze to death this winter all over the rural northeastern US, mark my words.

Oh, I know, renewables, and solar and all that shit. We are talking about elderly country people, many of whom have little more money than it takes to pay land taxes and eat. The future of energy is not what I'm talking about, what I'm talking about is next January.

[Skink]

12. I think one more major disruption in supply like

Terreristas shooting off missiles at large pumping stations.

[yourout]

10. Oooppps......to late.

The B**h economy is going like gang busters. Everyday more and more of the middle classes disposable income ends up in the hands of big corporations and the upper 10% of the wealthy class.

[halsaxby]

14. There will be NO recession.

Try depression.