Here it comes. After years and years of telling us that the cost of goods have gone up due to gas prices rising they are now telling us that lower gas prices are bad: NPR: Why Cheap Gas Might Not Be Good For The U.S. Economy. You know what? I’ll take something that is not great for “the economy” but that will help the poor and middle class save a little money on their drive to their job every morning, keeping “the economy” running.
It would be laughable if it wasn’t so sad. I predict more and more articles like this, especially from corporate news sources. Once they get us all worried about how bad cheap gas is, then the President will be blamed for it, just as he was blamed for higher gas prices. And certainly don’t hold your breath waiting for cheaper bread and milk prices. Money rarely trickles down in that direction.
But whatever. It’s Friday and payday, which means I get to head out to my huge money bin for a nice little swim.