The masses, again, get raped. I still say it: This cars-and-oil thing should be the left's main topic. It would require a program on the scale of a major world war to politic and build our way out of the mess, so why not demand it, not least as a jobs program for the bottom half?
> -----Original Message-----
> From: lbo-talk-bounces at lbo-talk.org [mailto:lbo-talk-bounces at lbo-talk.org]
> On Behalf Of Doug Henwood
> Sent: Thursday, April 14, 2005 8:20 AM
> To: lbo-talk at lbo-talk.org
> Subject: Re: [lbo-talk] Peak Oil or Oil Bubble?
>
> Leigh Meyers wrote:
>
> >The working poor hold jobs closer to home. Not too many dishwashers
> >commuting from the Bay Area to Fresno... But office managers often do.
> >
> >No No... The lower middle/ middle class takes the hit. The ones that buy
> >the SUV in puruit of the "American Dream", or at least the image of it.
>
> The lower middle class couldn't afford an SUV.
>
> The average US household spent about 3% of its after-tax income on
> gas & oil in 2003. The poorest quintile spent 7%; the richest, 2%.
> The sucky thing is that given US land-use patterns, most people have
> little choice about how much to spend on gas, so the increase has hit
> the bottom half pretty hard.
>
> Doug
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