Getting The Right Perspective.
Today it cost me $60.00 to fill the gasoline tank of my Chevrolet. The price was $3.30 a gallon. I asked the service station attendant if she would agree that the Moslem countries are winning the war by hi-jacking our gas prices. She hadn't thought of that as a possibility. As I drove away I thought, "What was the price of gas and other things 50 years ago?" Thanks to the computer and Google, it didn,t take long to find out. I've listed some examples below:
Average annual income: $4,494
Ford car: $1879-$3408
Milk: $1.00 gallon
Gas: $.24 gallon
Bread $.19 loaf
Postage stamp: $.03 first class
Can of Libby's peaches, 17 oz.: $ .25
Swanson TV dinner: $.75
Vermont Maid Syrup, 12 oz bottle: $.33
Now I am not trying to get the Arabs off the hook, because I have other issues with them, but it does seem that the problem is economic growth or more realistically put the value of the dollar. With a little stretching, we are still spending what we make! I am pretty sure there is some kind of cycle involved. We are making a pretty good living, but seek raises in our salaries. We go on strike and use other means to get our salaries raised. Slowly and steadily prices of our commodities also rise and match our income. Since we are not comfortable with just enough, we once again seek raises in our salaries and other benefits. As our income raises, our outgo raises. It is not evident enough for us to put a finger on the problem, so we just complain about how high commodities are and how little we are bringing home in our paycheck. We take it as long as we can but it won't be long before we start the cycle all over again.
Perhaps it is the gasoline that is the catalyst for these cycles. Everything we buy is brought to us by gas guzzling machines. The drivers and owners of these machines have to raise their delivery prices to pay for the gasoline they guzzle, and the ones they deliver to have to raise their prices to pay for the deliveries. The Arab just digs another oil well and continues to the poor little desert dweller song while he raises his prices around 10 times. The cow on the other hand is still pumping out her product at only twice as much in 50 years. There are losers and there are winners in this little cycle game. I think the biggest problem with me in this story, is that the World has forgotten who really manufactures all of our commodities. I think, if I were Him, I would go on strike myself.