Posted By:
David SmithTo all,
The real Depression of 2008 or 2009 will come if John McCain is elected President and the Republicans goad him into going to war with Iran. THEN, you are going to have $150 to $200 dollar a barrel oil. You will have $5 and $6 dollar a gallon gasoline. Prices of goods that have to be transported will go through the roof. The US automakers will go bankrupt or close down because MOST of the vehicles they produce are gas guzzlers. Airlines will go out of business or merge so that there are only two or three carriers because fuel prices will be so high and very few people will be able to afford to fly.
Add on top of that China being pissed because higher oil prices raises their cost of producing goods and will slow their economy.
This is not even taking into consideration the human cost of going to war in Iran. I mean, if we are STILL in wars in Afghanistan and Iraq, then there is going to have to be a Draft reinstated to fulfill all the needs for soldiers.
David