While increased demand from China and other nations has influenced the rise in the price of oil, the key factor in today's price is the weakness of our currency against others.
Oil's price is pegged in U.S. dollars and as our dollar slides in value, everything imported becomes more expensive.
The present administration sought to ease credit for less than capable borrowers, allow developers to greatly expand operations (create jobs) and allow investors to trade mortgages like cattle.
The truth is that the unabashed greed in the real estate development sector and the disregard for potential or certain failures of the not so worthy borrowers set in motion the problems we face today.
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Credit is harder to get, mortgage banks are still stuck with property they cannot sell, displaced people are still looking for adequate housing and our currency weakens daily in the marketplace.
As it does, oil prices go up, gasoline costs more, food costs more, and the consumer wants the whole mess straightened out.
Congress, send us your hero with a plan. His name should not be John McCain because he will only continue Bush's failed policies.