I don't disagree with the numbers or anything but actually the chart is a little skewed in Obama's favor. The period from Feb-2013 to Dec-2013 takes up a disproportional amount of space on the X axis. If the timeline at the bottom were proportional, it would show that the real decline is significantly steeper than the chart currently indicates. No insult to you Doc, I know just passed it on to us.
Somewhere in Kenya a village is missing its idiot.
If obama is the answer, stupid must be the question
No way!!! I just heard Obama the other day say our country is in a better place, more people have health care, are employed, and our economy was doing better. You know he'd never lie!!!
He also caught Osama and made gas prices go down!!!
"An armed society is a polite society. Manners are good when one may have to back up his acts with his life"
- - Robert A. Heinlein
Unless your sucking off the tit of the US government or have Government contracts, or are in a business, that has Government regulations involved, that the small business man, must abide by . THE Economy STINKS.
Let me throw this little scenario in the mix....
i work in oilfields and it's good but since our ball less Gov won't stand up to OPEC and put sanctions on Arab countries when they dump oil prices to the point it cripples our economy we are all fucked
my point as follows ....told there will be a 60% drop in rig count by mid 2015 Major players , Halliburton ,Schlumberger,Baker,Weatherford etc have dumped billions into new offices,yards ,facilities, equip etc that is BRAND NEW ...so now we have a crash ? Just as the train starts rolling good ! Who financed all this ?
NOW we have all the mom and pop local guys who have way overextended themselves at banks on loans to get into the oilfield support equip businesses , trucking,cleaning,catering ,etc...
Local businesses, Walmarts,HEB,Academy etc...have built new stores in remote towns to accommodate workers and needs , oilfield dies ,they die..
And land owners who now have royalty checks coming in have built new homes ,(More like mansions ) barns , bought equip etc.. Using royalties and property as collateral ...production stops , money coming in stops ...banks get left holding astronomical amounts of debt
if it slows as rapidly and to the extent some analysts are predicting? ALL of us better hold onto your nuts .....they might be all you have left.
This will not just effect the oilfields , it will start an economic domino collapse affecting everything from , stores, automakers ,housing, you name it this time around
( And land owners who now have royalty checks coming in have built new homes ,(More like mansions ) barns , bought equip etc.. Using royalties and property as collateral ...production stops , money coming in stops ...banks get left holding astronomical amounts of debt )This is what scares me the most , are they Actually TRYING to get things to collapse where to the point Gov & Banks take over assets by default and then would control oil futures ?