Financial Forecast - Floods, Forests, and Fuel



Learn Politics on mps-politics.com. Financial Forecast - Floods, Forests, and Fuel article will help answer your questions on Politics.We at mps-politics.com specialize in Politics. Politics at mps-politics.com provides the most up to date news and articles. If you have questions please do not hesitate to contact us.

Financial news: Dire times call for drastic measures. Hurricane Katrina; alone, dealt a major blow to our economic infrastructure, causing fuel prices to soar. It's amazing how the oil industry raised prices to offset their additional costs of refining and transporting oil, costs which they attributed to hurricanes on the Gulf Coast. What's so amazing, is that the oil giants just reported a large quarter of earnings. How can that be, when they claimed the loss of the refinery and pipeline in Louisiana burdened them with additional costs? As winter sets in, heating oil shortages can be anticipated, with no immediate, drastic reduction in costs.

Setting that issue aside, and giving due respect and condolences to the victims of the Gulf Coast, the upside is that we project a boom in construction. But there's a problem. Where will the timber come from? Conservationists reject opening more timber land in the U.S., while democratic politicians rebuke importing timber. If we are to rebuild the Gulf Coast, and employ tens of thousands of people alone in that region who are currently out of work due to their businesses being destroyed, there will need to be an immediate resolution to this issue.

No one desires disasters, but at least the recent disasters occurred at a time that may bring economic revival. This Christmas shopping season may lack luster for the retail industry, but every penny gained will indeed help, and to say the tax revenue is needed is an understatement. Governor Haley Barbour of Mississippi estimates a needed 63 billion in federal relief funds to rebuild Katrina's damage to South Mississippi. Don't forget, Louisiana, Alabama and Florida also suffered from Hurricanes and flood waters. It could be argued that shopping; versus charitable contributions, may have a greater positive impact on recovery.

But shopping also presents a problem. Now that the new bankruptcy laws are in affect, there may be trouble following the Christmas season if consumers are unable to repay debts, either because of fuel prices or loss of employment income. The key here is for consumers to shop, but not to forego their personal budgets.

U.S. resources are being stretched near the breaking point. Just as in World War II, consumers need to conserve what resources we have. Construction materials and fuel are the top two resources which require conservation.

Partly due to fuel prices, material and labor costs, U.S. automakers will continue to have difficulty with sales. While this may drive down sticker prices, there will likely be fewer consumers who can afford a new auto, particular SUVs and trucks with lower fuel mileage. Anticipate more autoworker layoffs, as well as soaring prices for steel and a possibility of steelworker layoffs.

Also expect lenders to rally for the Fed to lower interest rates. This can help improve housing starts, which we desperately need to encourage, but may present another problem with outstanding debt and lender risk.

In 2006, watch where; and with whom, you invest your money. If the Federal Government relaxes lending restrictions in an effort to boost the economy, the potential for high risk lenders to go under will increase dramatically.

For a healthy economic recovery, we will need to conserve our natural resources, but not place restrictions which would interfere with construction or our nation's infrastructure. Consumers must carryon business as usual with a safety margin of savings to offset any rising costs. And, most importantly, as JFK said: Ask not what your country can do for you, but what you can do for your country.



Caretaker Jobs Online Matching. - A secure place where property owners can locate caretakers and caretakers can reach their financial and lifestyle goals.
Top Keyword Data. - Shift Your Google AdSense Into Overdrive! Maximum Financial Results That You Can Benefit From Almost Immediately!


Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60


More Articles:


1. What Price Loyalty? By Virginia Bola, PsyD
With the recent shakeups in the presidential cabinet, it has frequently been observed that the quality most treasured in the present administration is that of loyalty.Is that such an admirable quality?We prize the loyalty of our friends who protect our good name when we are not present. We respect the loyalty of committed couples who stay true to each other no matter the outside temptations. We recognize the loyalty of employees who stand by their ethics and keep competitors and enemies at bay…

2. America Is Being Invaded By Matthew Jones
Every year, 741,000 people are entering America illegally through the border into California, Arizona, and Texas from Mexico. They don't care that our government is wasting over ten billion dollars in tax money supporting them, they don't care that your children are being forced to learn and interact in Spanish in their schools, and they don't care that our health system is suffering greatly, so long as they have access to it.Why should they? The government - Republicans, Democrats, and everyo…

3. Stand Your Ground Mr. President We're With You !
I don't know about anyone else but I have had it with this ridiculous assertion that President Bush was AWOL from The National Guard in 1972. The President had provided proof in 2000 that this was not true and now is again having to provide proof in 2004 of the same. Enough already. The President has responded to his critics and should close the book on this issue.They will not stop. A news article released just today quotes Terry McAuliffe, chairman of the DNC as saying:'The fact remains that t…

4. The BEE Futurist