Cory Mattson
April 17, 2009
SOC 202
A recent discovery has been found and a little bit of hope for economy is on its way, possibly. Consumer prices in March for energy were 0.4 percent lower than the same month last year reflecting in steep drop oil prices in the other countries and helping our economy right now. The barrels peaked above $145 a barrel last summer before collapsing the financial crisis in our country. People in America paid less for gasoline and home heating oil then they did last March also. But even those prices are declining some are still rising slightly, like food up to a 0.2 percent. And an 11% increase in tobacco costs.
Even though our economy is looking a little brighter, we are still in a huge economic down fall. Slowing some things are beginning to look better and starting to become cheaper, but business are still falling people are still loosing jobs, and prices are still rising and people are not able to afford the raise in everything, but the little things like oil decreasing some of our everyday costs going lower, will help the people of America and free up money to help more businesses who are going down with the economy.
1 comment:
I do no think our economy is going to fail like people keep saying it will. I think the oil prices and credit card companies is holding it down though. Oil companies are keeping money from the people of the US by having their price wars at the thought of something threatening their profit wages. Credit companies are raising interest rates and minimum payments which are also killing the people that are in need. The man who promised such a big change is failing because I think his new economic stimulus plan is crap.
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