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HomeAircraftHelicopterHelicopter Main Discussion › President signs FAA bill, protection for model aviation
03-08-2012 02:13 AM  6 years agoPost 21
Erwin Atchison

rrApprentice

Winsted, CT USA

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This was all part of a bigger bill. He no more read it than he did the 1400 page health care bill.
Now if he would just live up to his campaign promise of leaving, since he has not improved the overall economy in 3 years as promised in his campaign lies. Got to love the stuff his cabinent comes up with. 1. I hope gas prices reach the levels of Europe. 2. Higher unemployment is good for the economy. 3. Let's go to Hawaii for golf again(oh wait that was the family).

I keep asking for Bummer supporters to tell me what % of the population can afford those very expensive 5 figure per plate fundraisers. No reply. I'm thinking is it a much lower number than 99%.

My grandchildren simply cannot afford any more debt.

Your fun starts here!

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03-08-2012 02:28 AM  6 years agoPost 22
slam beach

rrNovice

north stonington,ct,usa

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+1 for what ihover said

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03-08-2012 02:30 AM  6 years agoPost 23
VKGT

rrElite Veteran

Sanford, NC

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I may not like the guy, but at least he has done something right.
He doesn't get credit, AMA is where it's at! Go AMA!

Glad that my AMA membership could help to support some level of defense for our hobby.
Now if he would just live up to his campaign promise of leaving, since he has not improved the overall economy in 3 years as promised in his campaign lies. Got to love the stuff his cabinent comes up with. 1. I hope gas prices reach the levels of Europe. 2. Higher unemployment is good for the economy. 3. Let's go to Hawaii for golf again(oh wait that was the family).
I keep asking for Bummer supporters to tell me what % of the population can afford those very expensive 5 figure per plate fundraisers. No reply. I'm thinking is it a much lower number than 99%.
My grandchildren simply cannot afford any more debt.
NO DOUBT! Agree 100%!

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03-08-2012 03:39 PM  6 years agoPost 24
jgunpilot

rrKey Veteran

Pollock, LA

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+1 for what ihover said
Anybody who believes he had enything to do with nailing Bin Laudin is dreaming. His choice was to nix it and hve that be his legacy, or say go ahead. The people sho got him have been after him since 2001. Let's give them a little credit.

If you want to give BO some credit, then give hime creidt for $5 gas, spending more than all previous presidents combined, and shutting down our space program.

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03-08-2012 04:36 PM  6 years agoPost 25
scott s.

rrElite Veteran

Orange, Ca.

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He can get credit
for being the last president when the world ends in Dec.

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03-08-2012 05:23 PM  6 years agoPost 26
sharam

rrElite Veteran

Northern California - Fly at Morgan Hill Field

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Before anyone blames Obama for $5 gas, remember that China alone has put 10 MILLION new cars on its roads this year alone. Many more in Brazil, Europe and Russia. World demand for oil has soared while US demand for oil has actually gone down. Incidentally US production of oil has gone up.

Oil prices are also up because of constant drumbeat of war against, Syria, Iran, and any other country the hawks/Neocons want to strike.

Soaring world demand and the risk of further conflict in the Middle East are making gas cost $5 a gallon!

Verba volant, scripta manet

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03-08-2012 05:59 PM  6 years agoPost 27
SSN Pru

rrElite Veteran

Taxachusetts

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Show me the data correlating to "soaring world demand" for oil. I bet you, nor anyone else, can produce it.

sharam, you were on the "blame Bush for high gas prices" bandwagon in 2008, weren't you?

Stupidity can be cured. Ignorance is for life!

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03-08-2012 11:38 PM  6 years agoPost 28
sharam

rrElite Veteran

Northern California - Fly at Morgan Hill Field

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SSN Pru,

Aren't you the guy who always says show me the data and then never believes whatever he sees?

I trade options and futures so I follow this stuff a bit.

World Oil Demand went from 88.3 million barrels per day in 2010 to 89.1 mb/d in 2011. While that may not seem like a lot, it is definitely enough to move prices up, even if there is just a perception of supply shortage. Regional political unrest often leads to that exact perception and thus even higher oil prices. Why do you think Iran threatened to close the Strait of Hormuz? Precisely because they knew such a threat would cause oil prices to spike which would increase their oil revenue. The price of oil is much more of a political play than a commodity play. Wheat, corn, pork belly, etc., futures don't carry as much political risk premium as does oil. Brent Crude closed today at $125.48. I don't know how much of this is a political risk premium but my gut feel is that perhaps $20 - $30 of that price is due to political uncertainty. This risk premium will expand or contract as the geo-political climate changes.

Regarding your other comment about me and the anti-Bush bandwagon, I am not sure what you are referring to. Direct me to what I said so I can respond.

Source for the data: IEA Oil Market Report dated February 2012

Verba volant, scripta manet

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HomeAircraftHelicopterHelicopter Main Discussion › President signs FAA bill, protection for model aviation
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