John_A wrote:Pops wrote:John_A wrote:Peak oil was supposed to be much more interesting (or terrifying even) than $80-$90 oil. I
It's all relative. If you're priced out of the market on the income side by losing your job or on the output side by simply not having the bucks to pay, I'd say it's probably still pretty terrifying.
I'm not sure terrifying is the word I would use for anyone losing their job. Not having the money for it has easy solutions, without the job it becomes difficult to do all sorts of things, and not eating strikes me as much more scary than not pumping fuel into your SUVs tank?
Am I missing something? After ALL the evidence of the past few years, WHY oh WHY aren't middle income (and above) people:
a). Cutting back on non-necessities?
b). Saving like it's AS SERIOUS AS A HEART ATTACK (because if you lose your job, it is)?
c). Repeating A and B until it HURTS, to protect their families from economic disaster?
...
I guess either they're stupid, or assume that the left will bail them out with endless social programs like unending unemployment insurance.
I think they're stupid. I wish them luck expecting the government to save them for any meaningful length of time. The reality falls far short of the promises on that front.