Silver Lining Around Economic Downturn : Lower Gas Prices

The silver lining around the bleak economic world of today’s days is that we are now, quite suddenly, paying a lot less at the gas pump than we were just a few short weeks ago even. That silver lining seems to be lost on people’s worries about whether they might lose their jobs, or whether they can keep their houses, and how they are going to ever recoup their retirement money, which for many people has gone down by as much as forty percent thanks to a haywire, scared stock market rife with selloffs from panicky Petes whom I can’t blame to panic.

Gasoline has shot down because of fears of a recession as well as fears surrounding the whole economic collapse that was precipitated by greedy banks trying to wrap subprime loans as investments. When it all fell apart, many of these bank’s CEO’s were still given their golden parachutes while the American consumer has been left to pay the bills thanks to a government bailout (which by the way is still being worked on supposedly), which will essentially be a loan given to these mismanaged financial institutions that will, or at least should, be paid back to us over the years.

It will take a very long time to pay it off, and hopefully there can even be some profit made by the government so that the taxpayers can eventually see some sort of tax relief in the future. I’m not holding my breath for that of course though, as I’m sure you are not either. Gasoline price averages have fallen below $3 a gallon, but instead of that making headlines there is more gloom and doom surrounding the economic hard times we are just beginning.

That’s right, just beginning, according to many financial and economy experts, although of course no one can tell the future, it does look like we are in this recession for a pretty long haul, and even after it’s “over”, we’ll still have gone backwards and it may take years for some people to recouperate what they lost in their 401k’s and other investments thanks to a continuously tanking stock market and more and more selloffs from people who are trying to take their profits, or what’s left of them, and run.

At least I’m feeling the relief at the pump, but to be honest I’d rather the economy be sailing along than me paying less for gas. That way, I wouldn’t have to worry if my job may be in jeopardy and perhaps I could be the next person worried about paying their mortgage bill on time.