Are Higher Oil Prices Bad For The Economy

Seven years of Republicans has sent the economy soaring downward. The Oil closed again over $100. per barrel. With the anticipation of higher oil costs at the pump, it is only in a matter of time before businesses start raising their costs, crippling the economy even more.

Let's see, with every rise in oil stock market comes higher prices at the pump, which increases prices at the grocery stores, and raises prices for all goods and services. It always starts to eat away at the small business owners, especially those who have to drive for the service they provide. Of course that means that everyone, from delivery services to the private ambulance companies will have to increase their prices. Eventually it makes it's way up the chain, till it hits in the store prices and groceries.

Also, today most of the stocks in the market closed in the negative. There were only a few that closed in the positive of a few cents, yet very little mention, if any, was spoken of it. In fact I have yet to hear any mention about it on the news. But then today is another primary day. And the news is filled with projections on the primaries held in the few states, with discussions on who might have to bow-down if they don't win any of the states. Well, I don't see anyone stepping out yet, no matter what the out-come.

Republicans are frantic because they believe that Huckabee is just taking votes away from McCain. Many are complaining that Huckabee is waisting their time. The base their argument on the way Republicans are used to having control over who wins the nomination early. But with Huckabee trailing closely behind McCain, he just doesn't want to give up yet.

Wisconsin is already projected to be won by Obama for the Democrats and McCain for the Republicans. Hawaii is not a shoe-in for anyone. I just hope everyone remembers that. Hawaiians are ecstatic that this time around they count, their votes matter. There votes will be counted as soon as they are available.