May Day with immigrants marching around and gas prices marching up- So?
The bungling of both of the above issues will cause uncertainty in the market. The Sec. of the Dept. of Energy, Bodman, admitted being uncertain about the future of gas. Congress, the administration, & media pundits are gyrating around the immigrant problem. Now the words; illegal , terrorists, gougers & pandering are being directed against more people in the world. We are not together in the US. In addition my being MARCHED to jury duty does not leave me willing to blog much about how these matters will play out in the market's. I'm "locked down" for a while but the show will go on and the politicians will go after our votes. We shall survive? Peace until another time. by " Maverick Pete"
posted by Pete at 3:57 AM
2 Comments:
Jury time for Pete hasn't started, so more about May Day. The immigrants are doing their marches in many big cities- nobody wins. The US proclaimed the 8 hr work day on May 1 1886. Nazis made the day a holiday but also outlawed most labor unions. Nice guy Hitler?? -you rat. May Day is celebrated in many countries but at different times. The US decided to celebrate it on the 1st Monday of Sept and call it Labor Day. Well the markets are trying to understand the immigrants uprising in both USA & Mexico. Your comments are welcomed. Thanks
Seawall, Thanks for the question. No, the tax on gas is not going up presently with the increase in gas. This is currently set as a given amount/ gal. About 1/2 for the Fed and in Pa. near the same amount goes to the state. There is congressional "chatter" about temporary reduction in the tax to reduce public bitching. The argument on the other side of the coin; lower gas prices means higher usage when supply is already too tight. The talk, & floundering is manipulation/pandering, just promises to get votes as always. Both parties in a dither. More of the same to come as the powerful maneuver to their own advantage. A dictator could do better on resolving our energy problems. Other nations have worse energy drag problems than the US. All suppliers attempt to optimize their profits. Pete
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