Well said, I am glad some folks still have a handle on basic economics. and Patty do not give the media too much heed, they thrive off the negative. Our economy is the result of a long period of over-consumption, fuel, homes, food, electronics, etc... We are now in a correction, and these always hurt people all over. The big lesson for Americans here is to shop smarter, not harder.

We will pull out of this mess eventually, but gas prices will not go back below 3 bucks anytime soon. Just conserve your resources, spend wisely and you can ride this thing out.