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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
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,330
Points:2,442,140
Joined:Nov 2008
Message Posted: Feb 6, 2013 11:01:16 PM

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

Posts:10,636
Points:2,551,275
Joined:Apr 2006
Message Posted: Feb 5, 2013 6:00:38 AM

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

Posts:3,046
Points:1,755,205
Joined:Jan 2008
Message Posted: Feb 4, 2013 9:00:40 PM

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

Posts:6,439
Points:419,445
Joined:Jul 2008
Message Posted: Feb 4, 2013 2:13:29 PM

the speculators are out and about.
JMW1942
Champion Author Michigan

Posts:3,715
Points:1,196,135
Joined:Feb 2012
Message Posted: Feb 4, 2013 1:45:17 PM

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

Posts:5,841
Points:2,537,200
Joined:Aug 2007
Message Posted: Feb 4, 2013 1:34:18 PM

Most of it because we reelected OBAMA!!!!

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

Posts:1,491
Points:402,180
Joined:Jun 2010
Message Posted: Feb 4, 2013 1:29:26 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.
FlyNFool
Champion Author South Carolina

Posts:11,533
Points:2,515,820
Joined:Aug 2008
Message Posted: Feb 4, 2013 1:28:11 PM

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

Posts:2,477
Points:553,580
Joined:Sep 2008
Message Posted: Feb 4, 2013 1:27:35 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!
FBI2991
Champion Author Michigan

Posts:7,289
Points:1,947,570
Joined:Nov 2008
Message Posted: Feb 4, 2013 1:24:51 PM

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

Posts:4,075
Points:1,726,440
Joined:Jan 2007
Message Posted: Feb 4, 2013 1:23:44 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!
masker5900
Veteran Author Mobile

Posts:363
Points:197,415
Joined:Sep 2012
Message Posted: Feb 4, 2013 1:21:48 PM

Up go prices
bluetatanka
Champion Author Philadelphia

Posts:93,203
Points:1,593,840
Joined:Mar 2011
Message Posted: Feb 4, 2013 1:21:45 PM

OK
Tralp
Champion Author North Carolina

Posts:4,070
Points:1,011,680
Joined:Oct 2012
Message Posted: Feb 4, 2013 1:21:14 PM

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

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Joined:Aug 2004
Message Posted: Feb 4, 2013 1:19:14 PM

ok.
seahawks
Champion Author Washington

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Joined:Sep 2005
Message Posted: Feb 4, 2013 1:18:54 PM

lets break Americans!!!
myambro
Champion Author Sacramento

Posts:4,845
Points:1,762,095
Joined:Mar 2005
Message Posted: Feb 4, 2013 1:18:43 PM

Darn Politicians! Of any party.
starfighter08
Champion Author Illinois

Posts:2,188
Points:1,022,485
Joined:Sep 2008
Message Posted: Feb 4, 2013 1:18:30 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.
ntass1
Champion Author Edmonton

Posts:7,175
Points:1,538,830
Joined:May 2011
Message Posted: Feb 4, 2013 1:18:27 PM

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

Posts:7,844
Points:1,394,070
Joined:Sep 2011
Message Posted: Feb 4, 2013 1:13:32 PM

ok
pulpwood
Champion Author Mississippi

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Points:1,868,505
Joined:Sep 2006
Message Posted: Feb 4, 2013 1:12:43 PM

ditto dudleydolittle
dudleydolittle
Champion Author Cleveland

Posts:7,844
Points:1,388,635
Joined:Sep 2011
Message Posted: Feb 4, 2013 1:11:35 PM

ok
RichFWA
Champion Author Tacoma

Posts:2,541
Points:634,575
Joined:Mar 2011
Message Posted: Feb 4, 2013 1:11:29 PM

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

Posts:8,322
Points:1,854,345
Joined:May 2010
Message Posted: Feb 4, 2013 1:10:01 PM

The dollar is up today.
wulf2000
Champion Author Miami

Posts:5,023
Points:1,955,555
Joined:May 2005
Message Posted: Feb 4, 2013 1:09:02 PM

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

Posts:3,016
Points:594,165
Joined:Dec 2010
Message Posted: Feb 4, 2013 1:08:07 PM

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

Posts:1,924
Points:363,835
Joined:May 2012
Message Posted: Feb 4, 2013 1:06:56 PM

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

Posts:767
Points:140,880
Joined:May 2012
Message Posted: Feb 4, 2013 1:06:42 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!
divebomber
Champion Author Nebraska

Posts:9,479
Points:2,622,770
Joined:Jun 2007
Message Posted: Feb 4, 2013 1:05:14 PM

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

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Points:775,570
Joined:Aug 2011
Message Posted: Feb 4, 2013 1:04:36 PM

No suprise here!
PithyOpiner
Champion Author Stockton

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Joined:Jun 2008
Message Posted: Feb 4, 2013 1:02:51 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]
wshutton
Champion Author Albuquerque

Posts:5,012
Points:1,717,510
Joined:Mar 2009
Message Posted: Feb 4, 2013 1:01:10 PM

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

Posts:5,712
Points:2,485,160
Joined:Mar 2005
Message Posted: Feb 4, 2013 1:00:50 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.
lunarrv15
Champion Author Cincinnati

Posts:20,260
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Joined:Dec 2005
Message Posted: Feb 4, 2013 12:59:23 PM

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

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Joined:May 2004
Message Posted: Feb 4, 2013 12:59:17 PM

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

Posts:1,314
Points:1,836,390
Joined:Aug 2007
Message Posted: Feb 4, 2013 12:57:40 PM

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

Posts:5,555
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Joined:Jan 2012
Message Posted: Feb 4, 2013 12:56:51 PM

WHO'S GOT THE MONEY?
dougtaylor1
Champion Author Phoenix

Posts:1,795
Points:477,455
Joined:Jun 2011
Message Posted: Feb 4, 2013 12:54:51 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.
bigLtowing
Champion Author Columbus

Posts:5,053
Points:1,321,265
Joined:Aug 2011
Message Posted: Feb 4, 2013 12:53:15 PM

the economy is going down quick
DeeLA
Champion Author Los Angeles

Posts:8,096
Points:2,164,910
Joined:Nov 2008
Message Posted: Feb 4, 2013 12:51:47 PM

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

Posts:3,325
Points:831,890
Joined:Sep 2011
Message Posted: Feb 4, 2013 12:50:41 PM

this is not good.
pecos
Champion Author Columbus

Posts:9,991
Points:2,718,335
Joined:Jul 2005
Message Posted: Feb 4, 2013 12:50:28 PM

Prices are sky high.
CatMan623
Champion Author Houston

Posts:24,602
Points:3,174,425
Joined:Aug 2006
Message Posted: Feb 4, 2013 12:47:07 PM

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

Posts:12,199
Points:3,213,360
Joined:Nov 2005
Message Posted: Feb 4, 2013 12:45:48 PM

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

Posts:14,278
Points:2,607,725
Joined:Oct 2007
Message Posted: Feb 4, 2013 12:45:38 PM

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

Posts:1,436
Points:283,830
Joined:Jan 2013
Message Posted: Feb 4, 2013 12:43:14 PM

C'MON man what is this
nascar9
Champion Author Tacoma

Posts:1,284
Points:1,139,790
Joined:May 2008
Message Posted: Feb 4, 2013 12:42:07 PM

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

Posts:13,202
Points:3,928,825
Joined:Apr 2003
Message Posted: Feb 4, 2013 12:41:34 PM

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

Posts:14
Points:37,855
Joined:Jan 2013
Message Posted: Feb 4, 2013 12:41:26 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.
Fhuang66
Champion Author Cleveland

Posts:2,061
Points:1,622,310
Joined:Oct 2005
Message Posted: Feb 4, 2013 12:41:18 PM

Head toward resession ????
bouncing4fun
All-Star Author Sacramento

Posts:742
Points:293,345
Joined:Jun 2012
Message Posted: Feb 4, 2013 12:41:08 PM

They raise gas prices for any reason.
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