Please tell us about the cost trend leading up to the recession caused by the Democrats' lunatic subprime housing mortgage underwriting program.
Then, kindly explain to us how stagnant economic growth creates sufficient increase in demand to double the cost.
You may add to your explanation the effect of Quantitative Easing, or simply put counterfeiting US currency, causing the US dollar to be devalued, thus the number of dollars required to purchase any product of unchanging value will increase.
Thank you for your cooperation.
No this idiot blames the drop of gasoline on the CRA.
Is there no end to your stupidity?
The CRA had nothing to do with unfunded tax cuts, unfunded wars, unfunded expansions to medicare, unfunded growth in government.
The CRA had noting to do mortgage sellers selling loans to people who could not afford it, selling those mortgages to financial institutions who bundled these bad mortgages with good mortgages, bought AAA ratings & sold them to unsuspecting investors.
The CRA had nothing to do with the housing bubble.
The only thong the CRA did was provide idiots like you an excuse for your party's failures in creating the worst recession in 80 years.
In 2008 oil went from $147 to in the $30's. Because of demand. They stabilized in Aug of 2009.
Of course, being an oil expert, I thought you would know that.