Was the run up in oil prices a contributor to the current worldwide economic woes?What part if any did the oil price spike play in the current worldwide economic mess?
Zero - the mess belongs in the lap of two groups. The (mostly Dem) congress who demanded the rights of all citizens to own a home regardless of ability to pay and the (again mostly Dem) group who made it a priority to bail all the fools who were in this situation by the federal guvmint.
This goes all the way back to mr. peanut (Carter) and was magnified by Clinton while being covered up by Frank and Dodd.
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