Let's make OPEC pay for our unemployment benefits
posted on 16 August 2010 | posted in
Business and Finance
Unemployment rates have soared in the past three years. Everyone likes to blame this on either O'bama or Bush. The real problem was the last year Bush was in office and the gas rates went up to almost $5.00 a gallon. This really put a hardship on companies and on people that had to travel to get to work. This led to a trickle affect. Gas and heating oil prices went up. Companies selling and shipping their products to stores had to increase their cost to get the product to market. So the stores had to raise their prices to cover their increase they were feeling. The heating oil was so expensive that states were dipping into any fund they could to help cover the heating cost of government buildings. Eventually the trickle down affect caused layoffs. This is where unemployment benefits help the middle class man. The family cut back on going out to eat. They held on to their cars instead of trading them in. The unemployment benefits helped a lot of people through a rough time. Other people decided to remortgage their homes to get through the rough times. This brings us up to date where we are. The government bailed out the banks, bailed out the auto dealerships and we the people got the shaft. I would love to see the CEO's of the oil companies live on $1200 a month.
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