Jay Honeck wrote:
Everywhere, every day on the radio, television, and in the newspapers, all I
hear is how the "Record Price of Oil" is killing America.

Yet, strangely, Americans keep driving *more*. And I don't see anyone
flying less.

How can this be?

Here are some encouraging stats from the current issue of Newsweek:

Limbecile jibberish at its best!


- Oil, at $66 per barrel, has set a "nominal" record for high price.
However, in real, adjusted-for-inflation dollars, oil would have to top
$86.72 per barrel to beat the price record set in 1981.

BFD, in 2001 it was $10/barrel and LA Ca. Arco price was 89 CENTS/Ga.


- For a gallon of gas to set a record, it would have to cost $3.12 per
gallon, which was set back in 1981.

- Or, for that matter, it would have to cost $2.67 per gallon, which is what
it cost way back in 1935.

- Since the first "Energy Crisis" in the 1970s, our economy has become MUCH
more energy efficient. Total energy consumption per dollar of GDP has been
cut almost in half since 1973.

- Since 1980, the percentage of consumer spending that goes for energy has
*declined* from 9 to 6 percent, despite "record" prices.

NO EXCUSE FOR A 50 PERCENT INCREASE IN 6 MONTHS!


- At the current rate of growth, our economy will DOUBLE in size in 18
years. (This is why, BTW, that even after President Bush's tax cuts,
federal revenues are still 17.5& of GDP -- just one percentage point below
the post-World War II norm.)

Sky Dreaming at its best, the Iowa Meth harvest must have started.


- Over the last 40 years, increases in productivity have averaged 2.1% per
year. Since 2001, it's averaged 3.9%.

- Even though rising productivity means that the economy can grow without
adding jobs, we have added over 4 million new jobs since July 2003.

After LOSING how many since 2000 ??????? What kind of new jobs are
these, bartenders?
The liberal BANKRUPTCY laws expire in Oct. file early on the Inn,
Jayster.


JG