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GasBuddy News Article

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Weak dollar, spending cuts, GDP dips, gas prices soar

Brainerd Dispatch -- Just when the U.S. economy seemed to be gaining steam, a report from the Commerce Department came howling across the frozen economic tundra noting that the 2012 Gross Domestic Product contracted 0.1 percent in the year’s final quarter. Big whoop! It is, I’m afraid a big whoop. It’s the first setback to a slow economic recovery since 2009.

On top of that, a lower defense budget caused many defense contractors to start laying off workers in anticipation of the fiscal cliff (which was temporarily averted) and the likelihood of sequestration.

Sequestration, if it is realized in the final budget battle will demand more defense department cuts and across the board cuts to every segment of the federal government. (It’s a concern that new Secretary of Defense Chuck Hagel will have to contend


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Submitted Feb 04, 2013 By: angel4me
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Weak dollar, spending cuts, GDP dips, gas prices soar Back to Topics
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honda0105
Champion Author Tallahassee

Posts:22,985
Points:2,221,965
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Message Posted: Feb 7, 2013 12:01:16 AM

and a lot of this comes from the Iraq war we got pushed into.
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52MPG
Champion Author Dayton

Posts:9,887
Points:2,352,425
Joined:Apr 2006
Message Posted: Feb 5, 2013 7:00:38 AM

Just what BO has said he wanted.
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1007
Champion Author Michigan

Posts:2,326
Points:1,541,825
Joined:Jan 2008
Message Posted: Feb 4, 2013 10:00:40 PM

And the U S debt goes up. Go big government.
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snappytom2
Champion Author Corpus Christi

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Message Posted: Feb 4, 2013 3:13:29 PM

the speculators are out and about.
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JMW1942
Champion Author Michigan

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Joined:Feb 2012
Message Posted: Feb 4, 2013 2:45:17 PM

This must be caused by Bush 1
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fatboy97
Champion Author Twin Cities

Posts:5,095
Points:2,315,375
Joined:Aug 2007
Message Posted: Feb 4, 2013 2:34:18 PM

Most of it because we reelected OBAMA!!!!

Yes, Weak Dollor, spending cuts, GDP, can all be directly tied to Obama!
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tsgasprc
Champion Author Colorado

Posts:1,486
Points:400,855
Joined:Jun 2010
Message Posted: Feb 4, 2013 2:29:26 PM

The only surprise to me is how many excuses this Administration can come up with. These people sit around all day and think this s$$T up.
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FlyNFool
Champion Author South Carolina

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Message Posted: Feb 4, 2013 2:28:11 PM

My visits to Chik-fil-a have really gone up.
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NMRawker
Champion Author New Mexico

Posts:2,211
Points:464,300
Joined:Sep 2008
Message Posted: Feb 4, 2013 2:27:35 PM

EVERYTHING is up, it doesn't matter who the President is, everything just keeps going higher and higher. There will never be an end to it!
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FBI2991
Champion Author Michigan

Posts:6,577
Points:1,737,480
Joined:Nov 2008
Message Posted: Feb 4, 2013 2:24:51 PM

Gas prices aren't the only prices that are up. Check food lately???
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walkit1
Champion Author Memphis

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Joined:Jan 2007
Message Posted: Feb 4, 2013 2:23:44 PM

You know Obama has a plan, yes like the first term. He will do zero. wants to do away with the middle class. Everyone beholden to the Federal government. Media won last election for him. Spin! Spin!
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masker5900
Veteran Author Mobile

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Joined:Sep 2012
Message Posted: Feb 4, 2013 2:21:48 PM

Up go prices
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bluetatanka
Champion Author Philadelphia

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Message Posted: Feb 4, 2013 2:21:45 PM

OK
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Tralp
Champion Author North Carolina

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Message Posted: Feb 4, 2013 2:21:14 PM

Obama has driven us down the wrong road, but will he turn us around?
Thats a big NO.
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TimTim
Champion Author Vancouver

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Message Posted: Feb 4, 2013 2:19:14 PM

ok.
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seahawks
Champion Author Washington

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Message Posted: Feb 4, 2013 2:18:54 PM

lets break Americans!!!
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myambro
Champion Author Sacramento

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Message Posted: Feb 4, 2013 2:18:43 PM

Darn Politicians! Of any party.
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starfighter08
Champion Author Illinois

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Message Posted: Feb 4, 2013 2:18:30 PM

This is all BS.

The Elites are not going to be satisfied until all the little people are crammed into crowded, crime ridden cities, while they have the rest of the world for their personal use.

Google "Georgia Guidestones" and read what is set in stone regarding the plans of the elites. Pay attention to #1 then use your imagination as to how they plan to achieve it.
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ntass1
Champion Author Edmonton

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Message Posted: Feb 4, 2013 2:18:27 PM

the reasoning changes day to day that what makes a market.
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dylan126
Champion Author Cleveland

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Message Posted: Feb 4, 2013 2:13:32 PM

ok
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pulpwood
Champion Author Mississippi

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Message Posted: Feb 4, 2013 2:12:43 PM

ditto dudleydolittle
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dudleydolittle
Champion Author Cleveland

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Message Posted: Feb 4, 2013 2:11:35 PM

ok
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RichFWA
Champion Author Tacoma

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Points:539,220
Joined:Mar 2011
Message Posted: Feb 4, 2013 2:11:29 PM

I want gas prices to go down not up. Totally frustrated with gas prices anymore.
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Insuremn
Champion Author Twin Cities

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Message Posted: Feb 4, 2013 2:10:01 PM

The dollar is up today.
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wulf2000
Champion Author Miami

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Joined:May 2005
Message Posted: Feb 4, 2013 2:09:02 PM

The economy is in the crapper for the last 5 years.
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arcaneradio
Champion Author Michigan

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Joined:Dec 2010
Message Posted: Feb 4, 2013 2:08:07 PM

The fiscal cliff is fabricated. Remember when the government shut down during the Clinton years? Scare tactics
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Kawibiker
Champion Author Illinois

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Message Posted: Feb 4, 2013 2:06:56 PM

Divebomber has it rite on..
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jodybull
All-Star Author El Paso

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Message Posted: Feb 4, 2013 2:06:42 PM

Where is this b.s. imaginary "fiscal cliff?" I wanna see it! Maybe I'll creep on my belly up to the edge and look over!
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divebomber
Champion Author Nebraska

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Message Posted: Feb 4, 2013 2:05:14 PM

NOW THAT B.O. IS RE-ELECTED WERE IN FOR ANOTHER UGLY FOUR YEARS!
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11SilveradoMN
Champion Author Minnesota

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Joined:Aug 2011
Message Posted: Feb 4, 2013 2:04:36 PM

No suprise here!
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PithyOpiner
Champion Author Stockton

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Joined:Jun 2008
Message Posted: Feb 4, 2013 2:02:51 PM

But, but....I'm all for "more defense department cuts and across the board cuts to every segment of the federal government." Wha' chew you talkin' 'bout, Willis?

[Edited by: PithyOpiner at 2/4/2013 2:03:21 PM EST]
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wshutton
Champion Author Albuquerque

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Message Posted: Feb 4, 2013 2:01:10 PM

They forgot to add: "Republican Speculators Profit" to their headline.
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highdesertman
Champion Author Albuquerque

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Joined:Mar 2005
Message Posted: Feb 4, 2013 2:00:50 PM

A strong dollar might make oil prices a little cheaper but will result in a resumption of the migration of U.S. jobs overseas. There is no perfect solution that won't result in a corresponding negative impact.
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lunarrv15
Champion Author Cincinnati

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Message Posted: Feb 4, 2013 1:59:23 PM

okay...interesting
thanks for posting on GB blog
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sivart
Champion Author Arkansas

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Message Posted: Feb 4, 2013 1:59:17 PM

Speculators and big oil are the reason!!!
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suportoffroad00
Champion Author Wisconsin

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Message Posted: Feb 4, 2013 1:57:40 PM

Who's got the money? Not me that's for sure.
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yakstar
Champion Author Montreal

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Message Posted: Feb 4, 2013 1:56:51 PM

WHO'S GOT THE MONEY?
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dougtaylor1
Champion Author Phoenix

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Joined:Jun 2011
Message Posted: Feb 4, 2013 1:54:51 PM

It only "appeared" to be an economy gaining steam if you were listening to the media and obumer. There has been no economic recovery and there is major inflation that just hasn't been reported yet, all thanks to Quantitative Easing and a government who's spending is out of control.

One more thing. The sequestration is not going to prevent obumer from spending money.
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bigLtowing
Champion Author Columbus

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Message Posted: Feb 4, 2013 1:53:15 PM

the economy is going down quick
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DeeLA
Champion Author Los Angeles

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Joined:Nov 2008
Message Posted: Feb 4, 2013 1:51:47 PM

Gas prices here are already up 40-cents per gallon since Jan. 12.
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Lologogo
Champion Author Twin Cities

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Joined:Sep 2011
Message Posted: Feb 4, 2013 1:50:41 PM

this is not good.
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pecos
Champion Author Columbus

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Joined:Jul 2005
Message Posted: Feb 4, 2013 1:50:28 PM

Prices are sky high.
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CatMan623
Champion Author Houston

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Joined:Aug 2006
Message Posted: Feb 4, 2013 1:47:07 PM

Best to get your "hand-baskets" ready, folks...
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gasman50
Champion Author Portland

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Points:3,013,330
Joined:Nov 2005
Message Posted: Feb 4, 2013 1:45:48 PM

the economy isn't that good.......
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OKRifle
Champion Author Oklahoma City

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Joined:Oct 2007
Message Posted: Feb 4, 2013 1:45:38 PM

How is that change working out for you now?
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Zackny
Champion Author New York

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Joined:Jan 2013
Message Posted: Feb 4, 2013 1:43:14 PM

C'MON man what is this
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nascar9
Champion Author Tacoma

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Joined:May 2008
Message Posted: Feb 4, 2013 1:42:07 PM

This is a great economy isn't it?
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Cheepo
Champion Author Tampa

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Message Posted: Feb 4, 2013 1:41:34 PM

Thank you barrack hussein!!!!!!!
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alcrawler
Rookie Author Illinois

Posts:14
Points:37,855
Joined:Jan 2013
Message Posted: Feb 4, 2013 1:41:26 PM

I've been trying to figure out why the dollar is weaker in Illinois than in the rest of the country, when it comes to gas prices.
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Fhuang66
Champion Author Cleveland

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Joined:Oct 2005
Message Posted: Feb 4, 2013 1:41:18 PM

Head toward resession ????
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