"Dave" wrote in message
...
On Wed, 8 Oct 2008 11:53:34 -0400, "Wilbur Hubbard"
said:

Why is nobody but me aware this obvious root cause?

Everyone else recognizes that you're full of ****, Neal.


At least the Good Captain isn't the typical, brainwashed American like you,
Dave.

There is a reason why there's no attribution of blame in the right place for
the current severe downturn in the economy. Sub prime lending is getting the
blame but there is a reason why sub prime loans stopped being paid down
recently. That reason is severely reduced ability to pay because life got
really expensive for the consumer in the past two years due to high energy
prices.

When people, in a relatively short time frame, have to pay double for their
energy that money spent limits their ability to spend it on such things as
paying down mortgages.

Cheap energy greases the economic engine of this economy. When energy
becomes excessively expensive (as in twice as expensive) the economic engine
sputters to a halt. Expensive energy is the root cause of the dire straights
the economy finds itself in. It was only a matter of time and time has now
run out.

Unless and until Congress gets their heads straight and gets out of the way
so energy sources of all types can be developed by the free market until
energy prices are once more reasonable the mess we are in will continue.

Wilbur Hubbard