Conusmer confidence sinks to a 26 year low and could they figure out that oil prices are causing it?

Sorry to say, It's NOT ONLY Oil!


Food prices are SKYROCKETING almost as 'fast' as Gasoline/Oil prices. (I 'feel' for Anyone who is in the Colder Climates and Still uses 'Oil' to Heat their homes in Winter)


The 'whole' Economy is in the shytter and the Republicans


are NOT HELPING any! BIG Business %26amp; the Oil Industry is their IDEAL/GOD!


I'm not too THRILLED with the Democrats either.


WE/America is in a 'SAD' state of Affairs...(Elections)





';No-Party Affiliation';, here. I Vote the Man or Woman, NOT the Party!Conusmer confidence sinks to a 26 year low and could they figure out that oil prices are causing it?
You question reeks with political undertones.





Oil prices are only one factor and the primary problem with the oil ';crises'; is our own US Government. We are prohibiting the oil companies from drilling in the Artic (like the Russians are doing), prohibting drilling in the Grul of Mexico (like the Mexicans are doing); prohibit the drilling of oil off the coast of Florida (like the Chinese are doing) this is why we have an oil crises. We are subsidizing farmers, and we are using our food sources to supplement the oil problem





Oil prices are being driven up by OPEC, the Russian %26amp; Venezulia nations in order to weaken the US economy, and it's working. So between the Liberals and the Tree Huggers our economy is getting weaker.





Consurmer confidence is low, a a great part of if has to do with the Liberalization of America. America is turning into a socialistic country, this is not what America great.





This is a business/investing section and should not be used for political comments and statements, I just answered your remarks because I think they are Un-American and was not posted for informational purposesConusmer confidence sinks to a 26 year low and could they figure out that oil prices are causing it?
It's not just oil prices. Food prices are also going up--and the oil crisis is at the heart of that as well, because of ethanol. Ethanol is a boondoggle, but it has driven up the price of corn (and, hence, beef and chicken) and has also driven up the prices of other grains as well, because farmers can make more money if they grow corn than, say, wheat or hops.


We're screwed, basically, and it didn't help to have an oilman in the White House for these past 8 years.
Well that is certainly one factor, but rising mortgage rates, and declining home values, along with inflation on core items like food aren't helping. Unfortunately the middle eastern oil producing cartel have us by the throat and there doesn't seem to be much we can do about it.
Oil is one factor... but there are others. Unemployment is on the rise and companies are starting to cut employees. That is another factor ... there are many others